India Equity Strategy：RBI Policy - Rates Unchanged, Focus on Transmission India： RBI expectedly stays on hold，and lobs the transmission ball back to banks Wind output growth turned strong in Mar-15 at +27% Y/Y A much-awaited regulation finally comes through; the change is welcome Macau Gaming：A weak start to the month of April Top Stories Indian Hotels (IH IN)：Sea Rock hotel bought back. Debt to increase back topeak levels China coal-fired tariff cut：Rmb 20 / Mwh largely in line, but LT challenges persist Sound Global Limited(967 HK)：Terminating asset injection. Uncertainty remains on 2014 results Skyworth Digital Holdings(751 HK)：March stats -reasonably good, valuations still not demanding