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1. Cabinet allowed state-run gas-firm GAIL (India) Ltd to sign a gas purchase agreement with Turkmenistan’s national oil firm, for supplies from a planned multi-national pipeline, the proposed 1,700-km (1,056-mile) Turkmenistan-Afghanistan-Pakistan-India line (TAPI) will have a capacity to carry 90 million cubic metres a day (mcmd) gas for a 30-year period and will be operational in 2018. 2. Country’s largest private mobile operator Bharti Airtel and Axis Bank made a partnership to provide banking services through…

1. The Competition Commission of India (CCI) formed an Eminent Persons Advisory Group (EPAG).  The group is constituted to provide CCI inputs and advice on issues impacting markets and competition. 2. The Reserve Bank of India (RBI) on  raised the interest rate ceiling on NRI deposits in foreign currencies by up to 3%.

The RBI changed Interest rates after the Monetary Policy review meet held on 17th April 2012; Under-mentioned are updated rates. Bank Rate – 9%, Repo Rate – 8%, Reverse Repo rate – 7%, Cash Reserve Ratio – 4.75%, Statutory Liquidity Ratio – 24%, Base Rate – 10% to 10.75%, Deposit Rates – 8.5% to 9.25%

1. Gujarat will soon get its first commercial dairy, for processing of camel milk into various products, in Kutch district following necessary provisions made by the state government in the 2012-13 budget, a proposal of Kutch District Cooperative Milk Union or the Sarhad Dairy. 2. Govind Singh Kunjwal elected as Speaker of the Uttarkhand Assembly after defeating Harbans Kapoor by 8 votes.