Morning News Call - India, July 12

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07122016.pdf FACTORS TO WATCH 9:45 am: Finance Minister Arun Jaitley to inaugurate NABARD's national seminar on doubling farmers income by 2022 in New Delhi.

10:00 am: Chief Commissioner of Income Tax Nutan Sharma at Assocham tax seminar in New Delhi.

3:00 pm: Foreign Investment Promotion Board meet to consider 15 FDI proposals in New Delhi.

5:30 pm: Government to release June consumer price inflation data in New Delhi.

5:30 pm: Government to release May industrial output data in New Delhi.

7:00 pm: Chief Economic Adviser Arvind Subramanian delivers 2016 India Policy Reform Lecture in New Delhi.

INDIA TOP NEWS  Petronet LNG plans $3 billion investment in overseas push India's biggest gas importer Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other countries, its managing director said.

 Modi could name Arvind Panagariya as RBI chief - TV channels Indian Prime Minister Narendra Modi could name his policy adviser, Arvind Panagariya, as the next governor of the Reserve Bank of India, two television channels reported on Monday, citing unnamed government sources.

 Israel Chemicals to sell potash to India at decade-low price -sources Israel Chemicals will ship potash to India at the same decade-low price agreed by another big seller last month, two industry sources said, at a time when global supply of the crop nutrient is exceeding demand.

 India to lend Kenya $45 million to boost manufacturing sector India will lend Kenya $45 million to help develop a textile factory and other smaller industries, the leaders of both nations said on Monday.

GLOBAL TOP NEWS  Britain's May wins PM race after pro-Brexit rival quits Interior minister Theresa May will become Britain's prime minister on Wednesday, with the task of steering its withdrawal from the European Union, after rival Andrea Leadsom abruptly terminated her disastrous leadership campaign.

 Japan's Abe orders new stimulus package after vote win Japanese Prime Minister Shinzo Abe ordered a new round of fiscal stimulus spending after a crushing election victory over the weekend as evidence mounted the corporate sector is floundering due to weak demand.

 Dallas police chief expresses worry about armed civilians in Texas The Dallas police chief said on Monday that Texas state laws allowing civilians to carry firearms openly, as some did during the protest where five officers were fatally shot, presented a rising challenge to law enforcement, as he stepped into America's fierce debate over gun rights.