The newsletter provides updates on economics, corporate law, RBI regulations, taxes, and financial markets. It notes that ONGC has demanded an international expert to assess RIL's gas extraction in the KG basin. Sebi plans to focus on investor empowerment, capacity building, and enforcement. TKM declared a lockout after wage negotiation talks with workers' union failed. RBI's foreign exchange reserves in gold fell 15% in value last year and yield on reserves fell slightly.