* AGRICULTURE: Bank loans to the agriculture sector grew 12.1% in August, compared with 18.7% a year ago, while growth of loans to industry rose 17.3% in the same period, unchanged over a year ago.
* ECONOMY: India 's annual inflation rate based on the Consumer Price Index for industrial workers fell to 10.75% in August from 10.85% in July. India and Mozambique have agreed to deepen their trade ties and enhance bilateral trade to $3 bln by 2016 from the current $1.3 bln.
- Minister of State for Commerce and Industry D. Purandeswari said tax-related challenges such as minimum alternate tax in special economic zones still need to be addressed. India 's current account deficit for the quarter ended Sep 30 will narrow to $10 bln or below, Planning Commission member Saumitra Chaudhuri said.
* GOVERNMENT: The issues raised by Congress Vice President Rahul Gandhi regarding the ordinance seeking to negate the Jul 10 order of the Supreme Court, which struck down a legal provision that protected lawmakers from disqualification when convicted in a criminal case, will be discussed in the Cabinet meeting scheduled on Wednesday.
* PHARMACEUTICAL: Sanofi SA is keen on expanding its presence in the emerging markets, including India , through the inorganic route, despite the negative sentiment surrounding the industry following stricter price curbs, intellectual property issues, and delay in approval for foreign investment proposals.
- The Supreme Court has stayed approvals granted to 162 applications for clinical trials, and has asked the sector's regulator to provide evidence that norms for drug related research are being followed.
* REGULATORY: The Securities and Exchange Board of India has said stock brokers will require to register just once per exchange or clearing corporation, instead of multiple registrations required earlier, for operating in different segments of a stock exchange or clearing corporation.
- SEBI has asked stock exchanges to impose fines as a first resort in case of non-compliance of listing agreement and resort to suspension of trading only in case of subsequent cases of default. The Reserve Bank of India has asked all urban co-operative banks to submit auditors' certificates regarding re-verification of agricultural debt waiver and debt relief scheme by Oct 15.
* TELECOM: Nokia India has sufficient assets in the country to meet tax obligations and its details will be shared with the tax department.
* TOBACCO: The health and family welfare ministry will launch on Oct 2 two anti-tobacco advertisements--'Child' and 'Dhuan'--on the issue of passive smoking and implementation of smoke-free policies in India.
* ECONOMY: India 's annual inflation rate based on the Consumer Price Index for industrial workers fell to 10.75% in August from 10.85% in July. India and Mozambique have agreed to deepen their trade ties and enhance bilateral trade to $3 bln by 2016 from the current $1.3 bln.
- Minister of State for Commerce and Industry D. Purandeswari said tax-related challenges such as minimum alternate tax in special economic zones still need to be addressed. India 's current account deficit for the quarter ended Sep 30 will narrow to $10 bln or below, Planning Commission member Saumitra Chaudhuri said.
* GOVERNMENT: The issues raised by Congress Vice President Rahul Gandhi regarding the ordinance seeking to negate the Jul 10 order of the Supreme Court, which struck down a legal provision that protected lawmakers from disqualification when convicted in a criminal case, will be discussed in the Cabinet meeting scheduled on Wednesday.
* PHARMACEUTICAL: Sanofi SA is keen on expanding its presence in the emerging markets, including India , through the inorganic route, despite the negative sentiment surrounding the industry following stricter price curbs, intellectual property issues, and delay in approval for foreign investment proposals.
- The Supreme Court has stayed approvals granted to 162 applications for clinical trials, and has asked the sector's regulator to provide evidence that norms for drug related research are being followed.
* REGULATORY: The Securities and Exchange Board of India has said stock brokers will require to register just once per exchange or clearing corporation, instead of multiple registrations required earlier, for operating in different segments of a stock exchange or clearing corporation.
- SEBI has asked stock exchanges to impose fines as a first resort in case of non-compliance of listing agreement and resort to suspension of trading only in case of subsequent cases of default. The Reserve Bank of India has asked all urban co-operative banks to submit auditors' certificates regarding re-verification of agricultural debt waiver and debt relief scheme by Oct 15.
* TELECOM: Nokia India has sufficient assets in the country to meet tax obligations and its details will be shared with the tax department.
* TOBACCO: The health and family welfare ministry will launch on Oct 2 two anti-tobacco advertisements--'Child' and 'Dhuan'--on the issue of passive smoking and implementation of smoke-free policies in India.
