Siddhartha Singh Bloomberg
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Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
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India Considers Banning Most Rice Exports As Local Prices Surge: Report
India, the world's biggest rice shipper, is considering banning exports of most varieties, a move that may send already lofty global prices higher as the disruptive El Nio weather pattern returns.
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Centre Orders Inspection Of Byju's Account Books
The government has ordered an inspection into the account books of education-technology titan Byju's, which has been rocked by the resignation of its auditor and three board members last month.
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Why Air India's Regional Airline Was Excluded From Sale To Tatas
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
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Airports Among $81 Billion Of Infrastructure To Be Sold By Centre: Report
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.
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
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.
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India Keeps $7 Billion Ready For Vaccine At $2 A Shot: Report
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.
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Government Considering Amnesty For Those With Unaccounted Gold: Report
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.
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India Weighs Plan to Guarantee $39 Billion of Small-Business Loans: Report
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.
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India Has Enough Food To Feed Poor If There's A Prolonged Shutdown
India will have enough grain stockpiles to feed its poor for at least a year-and-a-half as reserves are likely to further balloon after record harvests in the South Asian nation that has been locked down to check the spread of the coronavirus.
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Centre Withdraws Enhanced Surcharge On Foreign Investors
India rolled back an additional levy on foreign funds and announced other measures to boost economic growth.
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Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report
The centre has proposed changing rules that will enable closer supervision of the Reserve Bank of India, people with knowledge of the matter said, a move that may undermine investor confidence in the world's fastest-growing major economy.
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Worried About Rupee Drop, India Considers Tapping NRI Wealth
India expressed concern about the rupee's decline for the first time and said it's considering a plan to tap its citizens overseas, according to a government official.
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PM Modi's Most High-Profile Asset Sale Flops As No Buyers For Air India
Prime Minister Narenda Modi's offer to sell flag carrier Air India attracted zero interest from investors, dealing a blow to his government's most high-profile privatization plan, aimed at disposing of the money-losing company.
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'Do Not Be Misled': Government Says Tax Reform GST On Track For July 1
The government has signaled it will press ahead with the roll out of the national goods and services tax or GST on July 1, pushing back against speculation it's considering delaying the launch of one of its flagship reforms.
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Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
-
India Considers Banning Most Rice Exports As Local Prices Surge: Report
India, the world's biggest rice shipper, is considering banning exports of most varieties, a move that may send already lofty global prices higher as the disruptive El Nio weather pattern returns.
-
Centre Orders Inspection Of Byju's Account Books
The government has ordered an inspection into the account books of education-technology titan Byju's, which has been rocked by the resignation of its auditor and three board members last month.
-
Why Air India's Regional Airline Was Excluded From Sale To Tatas
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
-
Airports Among $81 Billion Of Infrastructure To Be Sold By Centre: Report
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.
-
Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
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.
-
India Keeps $7 Billion Ready For Vaccine At $2 A Shot: Report
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.
-
Government Considering Amnesty For Those With Unaccounted Gold: Report
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.
-
India Weighs Plan to Guarantee $39 Billion of Small-Business Loans: Report
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 Has Enough Food To Feed Poor If There's A Prolonged Shutdown
India will have enough grain stockpiles to feed its poor for at least a year-and-a-half as reserves are likely to further balloon after record harvests in the South Asian nation that has been locked down to check the spread of the coronavirus.
-
Centre Withdraws Enhanced Surcharge On Foreign Investors
India rolled back an additional levy on foreign funds and announced other measures to boost economic growth.
-
Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report
The centre has proposed changing rules that will enable closer supervision of the Reserve Bank of India, people with knowledge of the matter said, a move that may undermine investor confidence in the world's fastest-growing major economy.
-
Worried About Rupee Drop, India Considers Tapping NRI Wealth
India expressed concern about the rupee's decline for the first time and said it's considering a plan to tap its citizens overseas, according to a government official.
-
PM Modi's Most High-Profile Asset Sale Flops As No Buyers For Air India
Prime Minister Narenda Modi's offer to sell flag carrier Air India attracted zero interest from investors, dealing a blow to his government's most high-profile privatization plan, aimed at disposing of the money-losing company.
-
'Do Not Be Misled': Government Says Tax Reform GST On Track For July 1
The government has signaled it will press ahead with the roll out of the national goods and services tax or GST on July 1, pushing back against speculation it's considering delaying the launch of one of its flagship reforms.
