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* AUTOMOTIVE: Ford Motor Co's Indian unit may supply a chunk of the cars it sells in Australia after the company said it will shut its manufacturing operations in the world's sixth largest nation by 2016.
* BANKING: The Reserve Bank of India is keen to encourage foreign-owned banks to set up wholly-owned subsidiaries in India , and is working on ironing out some issues impeding progress on this issue. RBI will implement a national grid-based payment system through which households can use bank accounts for electronic transfers, making "payments anywhere anytime a reality". The RBI will issue inflation-indexed bonds linked to the new Consumer Price Index by the end of November.
* ECONOMY: A revival in India 's growth could help revive capital flows, but any such economic recovery doesn't appear to be in sight. Economic Affairs Secretary Mayaram said a case for downgrade didn't exist since the government would meet its commitment to rein in both fiscal and current account deficits in 2013-14.
* ENERGY: Growth in electricity production in the country rose to a 14-month high of 6.7% in August, driven by a sharp increase in hydropower generation. Welspun Energy has commissioned a 20 MW wind power project in Jaisalmer district of Rajasthan.
* FDI: Italian luxury goods firm Bulgari has sought the government's permission to set up exclusive retail stores in India that will sell high-end jewellery, watches and accessories under its 'Bvlgari' brand.
* FINANCE MINISTRY: The finance ministry has deferred its plan to infuse 140 bln rupees in state-run banks till the next quarter as it wants to assess their needs after the second quarter results before pumping cash to shore up their capital adequacy ratio.
* FOREIGN EXCHANGE: The RBI has opened a swap window to attract foreign currency non-resident (bank) deposits. The rupee value of the special currency basket for payments under the deferred payment protocol between India and the erstwhile Union of Soviet Socialist Republics has been fixed at 86.857663 rupees from Aug 20, following a revision on Aug 12.
* INFRASTRUCTURE: The government has quietly removed hurdles for 34 infrastructure projects, involving investment of nearly 1.4 tln rupees.
* INSURANCE: Insurance Regulatory Development Authority is considering a proposal to allow general insurers to launch savings-linked health insurance products.
* PENSION: The Lok Sabha has passed the bill to provide statutory backing to the Pension Fund Regulatory and Development Authority, 10 years after the regulator was set up through an executive order.
* REGULATORY: Raghuram Rajan appointed as RBI governor for a three-year term. Rajan said RBI will endeavour to provide stability along with transparency and predictability amid volatile economic conditions in the country.
* AUTOMOTIVE: Ford Motor Co's Indian unit may supply a chunk of the cars it sells in Australia after the company said it will shut its manufacturing operations in the world's sixth largest nation by 2016.
* BANKING: The Reserve Bank of India is keen to encourage foreign-owned banks to set up wholly-owned subsidiaries in India , and is working on ironing out some issues impeding progress on this issue. RBI will implement a national grid-based payment system through which households can use bank accounts for electronic transfers, making "payments anywhere anytime a reality". The RBI will issue inflation-indexed bonds linked to the new Consumer Price Index by the end of November.
* ECONOMY: A revival in India 's growth could help revive capital flows, but any such economic recovery doesn't appear to be in sight. Economic Affairs Secretary Mayaram said a case for downgrade didn't exist since the government would meet its commitment to rein in both fiscal and current account deficits in 2013-14.
* ENERGY: Growth in electricity production in the country rose to a 14-month high of 6.7% in August, driven by a sharp increase in hydropower generation. Welspun Energy has commissioned a 20 MW wind power project in Jaisalmer district of Rajasthan.
* FDI: Italian luxury goods firm Bulgari has sought the government's permission to set up exclusive retail stores in India that will sell high-end jewellery, watches and accessories under its 'Bvlgari' brand.
* FINANCE MINISTRY: The finance ministry has deferred its plan to infuse 140 bln rupees in state-run banks till the next quarter as it wants to assess their needs after the second quarter results before pumping cash to shore up their capital adequacy ratio.
* FOREIGN EXCHANGE: The RBI has opened a swap window to attract foreign currency non-resident (bank) deposits. The rupee value of the special currency basket for payments under the deferred payment protocol between India and the erstwhile Union of Soviet Socialist Republics has been fixed at 86.857663 rupees from Aug 20, following a revision on Aug 12.
* INFRASTRUCTURE: The government has quietly removed hurdles for 34 infrastructure projects, involving investment of nearly 1.4 tln rupees.
* INSURANCE: Insurance Regulatory Development Authority is considering a proposal to allow general insurers to launch savings-linked health insurance products.
* PENSION: The Lok Sabha has passed the bill to provide statutory backing to the Pension Fund Regulatory and Development Authority, 10 years after the regulator was set up through an executive order.
* REGULATORY: Raghuram Rajan appointed as RBI governor for a three-year term. Rajan said RBI will endeavour to provide stability along with transparency and predictability amid volatile economic conditions in the country.
