* BANKING: The government has extended the date of issuing Consumer Price Index-linked National Savings Securities-Cumulative for retail investors to Mar 31. National Housing Bank's 21-bln-rupee tax-free bond issue was subscribed 2.08 times on its opening day on Monday.
* COAL: The coal ministry has issued fresh notices to holders of five blocks, including ACC CEMENT, Adhunik Corp, UTTAM GALVA, SKS Ispat and Power,
Maharashtra State Power Generation Corp, among others.
* ECONOMY: Government plans to make sweeping changes to district rural development agencies to make them more effective at implementing policy.
* ENERGY: Government is set to relax limit on subsidised cooking gas as the Congress party looks for ways to retrieve ground ahead of the general election. Ratnagiri Gas and Power, operator of Dabhol power plant, has used its insurance reserves to service 1.39 bln rupees in September dues to its
debtors.
* FINANCE: Ministry of Micro, Small And Medium Enterprises has asked bankers to clear pending proposals under the PM's Employment Generation Programme. The Employee Provident Fund Organisation may offer 8.5% interest for 2013-14 (Apr-Mar) on deposits of its 110-mln subscribers. Finance ministry has asked regulators to impose stricter penalty on violations and conduct time-bound investigations to improve consumer protection.
* FMCG: Company Law Board has rejected stay application of Vikram Bakshi on Monday allowing McDonald's to pursue arbitration in the London Court of
International Arbitration against its Indian partner.
* INFRASTRUCTURE: ASHOK LEYLAND , TATA MOTORS, Volvo are in race for a 4.5-bln-rupee order for supply of 1,500 buses to Andhra Pradesh. Facing delay in decision-making, NHAI has asked the government to scrap contracts for about two dozen road projects worth 400 bln rupees.
* INVESTMENT: Online micro-lender, MicroGraam, is in talks with venture funds to raise a second round of capital to expand its customer base.
* POWER: Government may separate forest clearance for coal block from the environment nod to the overall project to speed up Odisha ultra mega power
project.
* RAILWAYS: Comptroller and Auditor General of India has started the audit of every railway wagon that carried iron ore since 2008, indicating that the railways has been fleeced exporters and misusing subsidised rates.
* REGULATORY: SEBI has imposed a penalty of 20 mln rupees and 10 mln rupees on Angel Broking and its holding company Angel Infin, respectively, for irregularities in trading in the stock of Sterling Green Woods. Has identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
* RETAIL: Department of Industrial Policy and Promotion has started consultation with stakeholders to open retail e-commerce sector to FDI by March.
* STEEL: The Punjab government has accepted some of the demands of mill operators to reduce taxes and duties.
* TELECOM: FIPB has approved FDI proposal of Vodafone Group, which plans to hike its stake in the Indian unit to 100% by buying out stake of minority shareholders. Ascend Telecom, a small telecom tower company, is on the block, with PE fund New Silk Route and TVS Interconnect Systems looking to sell their stakes. Chinese telecom equipment maker ZTE Corp's local arm will deploy Aircel's 4G networks in Tamil Nadu. Home Secretary Anil Goswami has sought telecom secretary MF Farooqui's intervention to expedite clearance for Intelligence Bureau to test an interception solution to monitor voice over internet protocol calls in India.
* COAL: The coal ministry has issued fresh notices to holders of five blocks, including ACC CEMENT, Adhunik Corp, UTTAM GALVA, SKS Ispat and Power,
Maharashtra State Power Generation Corp, among others.
* ECONOMY: Government plans to make sweeping changes to district rural development agencies to make them more effective at implementing policy.
* ENERGY: Government is set to relax limit on subsidised cooking gas as the Congress party looks for ways to retrieve ground ahead of the general election. Ratnagiri Gas and Power, operator of Dabhol power plant, has used its insurance reserves to service 1.39 bln rupees in September dues to its
debtors.
* FINANCE: Ministry of Micro, Small And Medium Enterprises has asked bankers to clear pending proposals under the PM's Employment Generation Programme. The Employee Provident Fund Organisation may offer 8.5% interest for 2013-14 (Apr-Mar) on deposits of its 110-mln subscribers. Finance ministry has asked regulators to impose stricter penalty on violations and conduct time-bound investigations to improve consumer protection.
* FMCG: Company Law Board has rejected stay application of Vikram Bakshi on Monday allowing McDonald's to pursue arbitration in the London Court of
International Arbitration against its Indian partner.
* INFRASTRUCTURE: ASHOK LEYLAND , TATA MOTORS, Volvo are in race for a 4.5-bln-rupee order for supply of 1,500 buses to Andhra Pradesh. Facing delay in decision-making, NHAI has asked the government to scrap contracts for about two dozen road projects worth 400 bln rupees.
* INVESTMENT: Online micro-lender, MicroGraam, is in talks with venture funds to raise a second round of capital to expand its customer base.
* POWER: Government may separate forest clearance for coal block from the environment nod to the overall project to speed up Odisha ultra mega power
project.
* RAILWAYS: Comptroller and Auditor General of India has started the audit of every railway wagon that carried iron ore since 2008, indicating that the railways has been fleeced exporters and misusing subsidised rates.
* REGULATORY: SEBI has imposed a penalty of 20 mln rupees and 10 mln rupees on Angel Broking and its holding company Angel Infin, respectively, for irregularities in trading in the stock of Sterling Green Woods. Has identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
* RETAIL: Department of Industrial Policy and Promotion has started consultation with stakeholders to open retail e-commerce sector to FDI by March.
* STEEL: The Punjab government has accepted some of the demands of mill operators to reduce taxes and duties.
* TELECOM: FIPB has approved FDI proposal of Vodafone Group, which plans to hike its stake in the Indian unit to 100% by buying out stake of minority shareholders. Ascend Telecom, a small telecom tower company, is on the block, with PE fund New Silk Route and TVS Interconnect Systems looking to sell their stakes. Chinese telecom equipment maker ZTE Corp's local arm will deploy Aircel's 4G networks in Tamil Nadu. Home Secretary Anil Goswami has sought telecom secretary MF Farooqui's intervention to expedite clearance for Intelligence Bureau to test an interception solution to monitor voice over internet protocol calls in India.
