To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06302016.pdf FACTORS TO WATCH 3:00 pm: State Bank of India holds annual shareholders meeting in Mumbai.

5:00 pm: Government to release May infrastructure output data in New Delhi.

5:15 pm: World Bank Group President Jim Yong Kim briefs media in New Delhi.

GMF:LIVECHAT- LOCK, STOCK AND BARREL - OIL MARKETS with Amanda Cooper and Jessica Resnick-Ault Join former GMF editor Amanda Cooper from London and Reuters correspondent Jessica Resnick-Ault in New York at 1830 GMT for a quick weekly round up of the main themes driving oil markets. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS  Millions of India's public sector workers get pay, pension rise India on Wednesday approved an increase of at least 14.29 percent in salaries and pensions for about 10 million government employees and pensioners, a move that is expected to boost consumer demand and underpin economic growth.

 Brexit makes government fix to Tata steel pension plan elusive A government overhaul of the British Steel Pension Scheme - crucial to convincing anyone to buy Tata's British assets - is in jeopardy after Britons' vote to leave the European Union deepened the fund's debts and depleted its assets, analysts and industry sources said.

 Essar settles $500 mln of Iran oil bill - sources Essar Oil, the top Indian buyer of Iranian oil, has this month cleared $500 million of a debt owed to Tehran, two sources with direct knowledge of the matter said.

 Jaguar Land Rover says short-term Brexit impact will not affect Slovak plant Britain's biggest carmaker Jaguar Land Rover said the short-term effects of Britain's decision to leave the European Union will not affect plans to build a new plant in Slovakia, the firm's strategy director said on Wednesday.

GLOBAL TOP NEWS  Japan factory output hits 3yr-low on weak domestic demand, export slump Japan's industrial output slid in May at the fastest rate in three months to its lowest level since June 2013, highlighting concerns about falling exports and weak consumer spending.

 Asia share offerings plunge 60 pct in H1, seen pushing new job cuts Share offerings in Asia-Pacific ex-Japan sank nearly 60 percent in the first half of 2016 amid the weakest activity since 2008, weighed by volatile equity markets, China's slowdown and uncertainty over Britain's exit from the European Union.

 BOJ sceptics calling time on Kuroda's two-year target Dissenters to the Bank of Japan's stimulus measures remain a minority on its board, but their call to scrap the timeframe for its inflation target is gaining converts and casting doubt on the credibility of bank governor Haruhiko Kuroda and his broader programme.