TOP NEWS* Indian inflation probably picked up in November as a weak currency pushed up the price of imported fuel, adding to the challenges facing a central bank torn between fighting rising prices and an economic slowdown, a Reuters poll showed.
* India's cabinet approved the creation of a special panel on Thursday with watered-down powers to speed up the notoriously slow implementation of big-ticket infrastructure projects.
* India approved a new policy to encourage investment in urea manufacturing, a senior minister told reporters on Thursday, a move likely to expedite $6.5 billion in projects that have been held back and to reduce the country's reliance on imports.
* The Indian cabinet approved a 30 percent cut in the reserve price of mobile phone airwaves in four telecommunication zones, a minister said on Thursday, after carriers shunned last month's auction in those zones saying the prices were too high.
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