NEW DELHI - For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace a chaotic structure that inflates costs and halts their trucks at state borders for duty payments, and to unify the country into one of the world's largest single markets.
NEW DELHI/MUMBAI - India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector.
NEW DELHI/MUMBAI - India has approved spending of 500 billion rupees ($7.9 billion) over five years to expand irrigation in rural areas to boost crop productivity and it also plans an online agricultural market to help farmers get better prices for their produce.
CHENNAI, India - The Reserve Bank of India (RBI) is committed to steadily increasing how much government debt foreign investors can buy, but will proceed cautiously to avoid becoming too reliant on overseas capital, Governor Raghuram Rajan said on Thursday.
NEW DELHI - India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 percent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.
MUMBAI - Amid talks of former Brazil and Real Madrid defender Roberto Carlos joining the Delhi team as marquee manager, the second season of the Indian Super League is kicking up the same kind of buzz that preceded the inaugural edition of the tournament.
WASHINGTON - There were no casualties or injuries at the Washington Navy Yard, CBS News reported on Thursday following a lockdown at the facility in the nation's capital amid reports of a shooting.
LONDON - Luxury carmaker Jaguar Land Rover [TAMOJL.UL] has signed a contract to build some vehicles in Austria, it said on Thursday, a further expansion away from its UK manufacturing base.
TAIPEI/SINGAPORE - The pilot flying a TransAsia Airways ATR mistakenly switched off the plane's only working engine seconds before it crashed in February, killing 43 people, Taiwan's Aviation Safety Council (ASC) said in its latest report on Thursday. | Video
LONDON - The BBC said it will cut more than 1,000 jobs because it expects to receive 150 million pounds ($234 million) less than forecast from the licence fee next financial year as viewers turn off televisions and watch programmes on the Internet.
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