Deals will cover oil exploration and supply, infrastructure and an increase in direct diamond sales to India
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
Direct contacts between Obama and Prime Minister Narendra Modi this month helped to end a deadlock that had prevented the WTO from implementing a $1 trillion package of reforms.
The policymaker said the RBI had not reached the point where specific actions were under consideration.
Sebi also approved new delisting rules.
There was a sharp fall in power output on Thursday from a plant in Gujarat that left India more than 9,000 megawatts short of peak demand, according to two officials at the state grid operator.
Sebi has asked clearing houses to establish separate funds for all segments of the market including equity, debt and currency.
The drive against insider trading comes after SEBI last year received enhanced investigation powers from parliament, including the ability to monitor call records.
Both companies can now complete the deal.
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The Securities and Exchange Board of India (SEBI) unveiled new proposals, broadening the scope of who can be held liable for insider trading violations.
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The market regulator is wielding an unprecedented level of control over how mutual funds operate, delaying new launches and dictating investment strategy, frustrated insiders in the embattled industry say.
It was put on hold in 2008 after the global financial crisis.
The RBI cracked down on offshore foreign exchange trading by Indians through online trading websites.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
RBI banned banks from proprietary trading and Sebi doubled the margin requirement on the domestic dollar-rupee forward trade.
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