Banking:
Banking Government sources indicate that the cabinet could take up
bank recap proposal today seeking Rs 12,500 crores recap in public
sector banks in FY13 including SBI, PNB, Union Bank, Central Bank and
exemption from cabinet nod for bank recap till 2018 sought.

Oil and Gas:
The oil ministry has moved a cabinet note proposing Rs 3 to 4.5 rupee
per litre hike in diesel prices and Rs 100 hike per cylinder of LPG.
The ministry has also proposed to raised the subsidy cap on LPG from
the current 6 cylinders per family to 9....

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