No institutional funds for states without SERC
The Union Government is going to ask domestic financial institutions (FIs) not to finance power projects in states which do not have a State Electricity Regulatory Commission (SERC). While no official directive will be issued, the FIs will be asked not to entertain applications for loans from private and public sector power projects if they are in a non-SERC state.

India to sign oil production deals
India will be signing production sharing contracts in the petroleum sector with private firms including some from the United States in the next few days. Five US oil exploration companies are scheduled to sign contracts with the ministry for eleven blocks.

Panel wants tighter Sebi control on plantation companies
The Dhanuka Committee has recommended the issue of an ordinance to empower the Securities and Exchange Board of India to regulate plantation companies. The panel has emphasised the need to issue an ordinance with a sense of urgency to "curb the growing evil emanating from collective investment schemes."

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