* AGRICULTURE: Bank loans to the sector grew 9.9% in June, compared with 15.5% a year ago, while growth of loans to industry fell to 14.1%.
* AUTOMOTIVE: Close on the heels of General Motors recalling its Tavera model, the company expelled its chief financial officer and other executives in the research and development departments for violating company policies.
* BRANDS: Tata is India 's top brand, valued at $10.9 bln, and followed by Reliance valued at $6.22 bln in Interbrand's 'Best Indian Brand' study.
* CURRENCY: Depreciation of six-currency real effective exchange rate index, as well as the 36-currency REER indicates the rupee's weakness in nominal terms, RBI said.
* DIVESTMENT: Government denied media reports stating that Life Insurance Corp and public sector banks "salvaged" divestment in state-owned companies in 2012-13 (Apr-Mar)
* ECONOMY: Finance Minister said the RBI squeezed liquidity recently to stabilise the rupee's exchange rate. After narrowing in Jan-Mar, current account deficit in Apr-Jun could rise due to an increasing trade deficit. RBI said controlling consumer price inflation, which is hovering around double digits, is key to a sustainable recovery in economic growth.
* MINING: The 7 of the 12 gram sabhas at Kalahandi on Monday have rejected the proposal to allow mining of bauxite in Odisha's Niyamgiri hills, in a move that would hurt Vedanta Aluminium, with the remaining five gram sabhas also expected to follow suit.
* PHARMACEUTICAL: Foreign Investment Promotion Board cleared six pharmaceutical investment proposals to increase stake in existing companies in India . Central Board of Excise and Customs has decided to exempt excise duty on relabelled essential drugs.
* REGULATORY: SECURITIES AND EXCHANGE BOARD OF INDIA revoked restrictions against ADANI PORTS & ECONOMIC ZONE and NAGARJUNA AGRICHEM and the companies' promoters and directors for not meeting minimum public shareholding norms. Government may allow foreign investment of less than 10% in a company to be treated as foreign direct investment, subject to a few conditions.
* TAXATION: Parliamentary Standing Committee on Finance, in its final report on the Constitution Amendment Bill on Goods and Service Tax, has said the present bill has not been well drafted and requires changes.
* TELECOM: The Department of Telecommunications may bring in an Israeli cyber firm for providing solutions to intercept encryption services available on smart phones.
* AUTOMOTIVE: Close on the heels of General Motors recalling its Tavera model, the company expelled its chief financial officer and other executives in the research and development departments for violating company policies.
* BRANDS: Tata is India 's top brand, valued at $10.9 bln, and followed by Reliance valued at $6.22 bln in Interbrand's 'Best Indian Brand' study.
* CURRENCY: Depreciation of six-currency real effective exchange rate index, as well as the 36-currency REER indicates the rupee's weakness in nominal terms, RBI said.
* DIVESTMENT: Government denied media reports stating that Life Insurance Corp and public sector banks "salvaged" divestment in state-owned companies in 2012-13 (Apr-Mar)
* ECONOMY: Finance Minister said the RBI squeezed liquidity recently to stabilise the rupee's exchange rate. After narrowing in Jan-Mar, current account deficit in Apr-Jun could rise due to an increasing trade deficit. RBI said controlling consumer price inflation, which is hovering around double digits, is key to a sustainable recovery in economic growth.
* MINING: The 7 of the 12 gram sabhas at Kalahandi on Monday have rejected the proposal to allow mining of bauxite in Odisha's Niyamgiri hills, in a move that would hurt Vedanta Aluminium, with the remaining five gram sabhas also expected to follow suit.
* PHARMACEUTICAL: Foreign Investment Promotion Board cleared six pharmaceutical investment proposals to increase stake in existing companies in India . Central Board of Excise and Customs has decided to exempt excise duty on relabelled essential drugs.
* REGULATORY: SECURITIES AND EXCHANGE BOARD OF INDIA revoked restrictions against ADANI PORTS & ECONOMIC ZONE and NAGARJUNA AGRICHEM and the companies' promoters and directors for not meeting minimum public shareholding norms. Government may allow foreign investment of less than 10% in a company to be treated as foreign direct investment, subject to a few conditions.
* TAXATION: Parliamentary Standing Committee on Finance, in its final report on the Constitution Amendment Bill on Goods and Service Tax, has said the present bill has not been well drafted and requires changes.
* TELECOM: The Department of Telecommunications may bring in an Israeli cyber firm for providing solutions to intercept encryption services available on smart phones.
