Siddhartha Singh Bloomberg

India plans to sell Air India Ltd.'s regional arm separately, days after Tata Sons Ltd. emerged as the highest bidder for the parent carrier in an auction

Tata Sons Pvt. was selected as the winning bidder for Indias flag carrier, ending decades of attempts to privatize a money-losing and debt-laden airline, and potentially ending years of taxpayer-bailouts thats kept the company alive.

The proposed handover is a key victory for Prime Minister Narendra Modi, who has embarked on a bold privatization plan to plug a widening budget deficit.

The Centre plans to raise Rs 6 trillion ($81 billion) from selling state-owned infrastructure assets over next four years to help bolster the governments finances and plug its budget deficit, according to people familiar with the matter.

India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.

A consumer-price inflation band tracked by the Reserve Bank of India is likely to be retained at the current 2 per cent-6 per cent range, said the people, who asked not to be identified citing rules before the framework is finalized by March 31

Both service providers -- Bharti Airtel and Tata Communications -- went down at the same time, hamstringing migration from Mumbai to Chennai, the people said, asking not to be identified discussing internal deliberations

The government has set aside about 500 billion rupees ($7 billion) to vaccinate the world's most populous nation after China against the coronavirus, according to people with knowledge of the matter.

The government is considering allowing potential suitors for Air India decide how much of the flag carrier's debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said.

India is proposing to drop a condition that the winning bidder for Air India will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said.

The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.

PM Modi in February had planned to raise as much as Rs 2.1 lakh crore selling state assets

The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.

The broader spending plan includes measures already unveiled by the government and also by the central bank such as provision for cheap cash to banks and the reduction in its cash reserve ratio.

India is considering a proposal to guarantee as much as Rs 3 trillion of loans to small businesses as part of a plan to restart its economy, which is reeling under the impact of a 40-day lockdown, people with knowledge of the matter said.

India plans to sell Air India Ltd.'s regional arm separately, days after Tata Sons Ltd. emerged as the highest bidder for the parent carrier in an auction

Tata Sons Pvt. was selected as the winning bidder for Indias flag carrier, ending decades of attempts to privatize a money-losing and debt-laden airline, and potentially ending years of taxpayer-bailouts thats kept the company alive.

The proposed handover is a key victory for Prime Minister Narendra Modi, who has embarked on a bold privatization plan to plug a widening budget deficit.

The Centre plans to raise Rs 6 trillion ($81 billion) from selling state-owned infrastructure assets over next four years to help bolster the governments finances and plug its budget deficit, according to people familiar with the matter.

India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.

A consumer-price inflation band tracked by the Reserve Bank of India is likely to be retained at the current 2 per cent-6 per cent range, said the people, who asked not to be identified citing rules before the framework is finalized by March 31

Both service providers -- Bharti Airtel and Tata Communications -- went down at the same time, hamstringing migration from Mumbai to Chennai, the people said, asking not to be identified discussing internal deliberations

The government has set aside about 500 billion rupees ($7 billion) to vaccinate the world's most populous nation after China against the coronavirus, according to people with knowledge of the matter.

The government is considering allowing potential suitors for Air India decide how much of the flag carrier's debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said.

India is proposing to drop a condition that the winning bidder for Air India will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said.

The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.

PM Modi in February had planned to raise as much as Rs 2.1 lakh crore selling state assets

The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.

The broader spending plan includes measures already unveiled by the government and also by the central bank such as provision for cheap cash to banks and the reduction in its cash reserve ratio.

India is considering a proposal to guarantee as much as Rs 3 trillion of loans to small businesses as part of a plan to restart its economy, which is reeling under the impact of a 40-day lockdown, people with knowledge of the matter said.