Aftab Ahmed

India's June gold imports plunge on record price, lockdown

02 Jul 2020

MUMBAI/NEW DELHI India's gold imports plunged 86% year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said.

Exclusive: India plans incentives for auto companies to boost exports - sources

29 Jun 2020

NEW DELHI India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years, four sources with direct knowledge of the matter told Reuters.

India reports record rise in coronavirus cases; Delhi cancels all medical staff leave

20 Jun 2020

NEW DELHI/BENGALURU India reported a record jump in coronavirus infections on Saturday, a day after the government in the capital New Delhi ordered hospitals to cancel any leave and have workers return to duty immediately.

Exclusive: India plans extra tariffs, trade barriers on 300 imported products - sources

18 Jun 2020

NEW DELHI India plans to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere, two government officials said, as part of an effort to protect domestic businesses.

Exclusive: India plans to hike edible oil import taxes to boost local supply, sources say

08 Jun 2020

NEW DELHI/MUMBAI India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production with the help of tax revenues, two government and two industry officials told Reuters.

India's top bureaucrats hit by coronavirus as cases spike

04 Jun 2020

NEW DELHI A top Indian civilian defence official has tested positive for coronavirus and is in home quarantine, government officials said on Thursday, as the daily rise in infections hits a new high.

Moody's cuts India's rating to lowest investment grade with negative outlook

01 Jun 2020

NEW DELHI Moody's Investors Service downgraded India's credit rating to a notch above junk on Monday, citing a prolonged period of slow growth in Asia's third-largest economy, rising debt and persistent stress in parts of the financial system.

India plans scrutiny of new portfolio investors from China, Hong Kong: sources

22 May 2020

NEW DELHI India has drafted rules proposing tighter scrutiny of new Foreign Portfolio Investors (FPIs) from China and Hong Kong, three government sources told Reuters, its latest effort to check foreign inflows during the coronavirus pandemic.

RPT-ANALYSIS-Cash-strapped India's economic plan unlikely to soften coronavirus blow

19 May 2020

* Wary of ratings cuts, govt doesn't want to let deficit widen

Cash-strapped India's economic plan unlikely to soften coronavirus blow

18 May 2020

NEW DELHI India's $266 billion economic rescue package rests mostly on boosting company credit but contains scant new public spending, tax breaks or cash support to revive demand and prevent firms from collapsing, business leaders and economists say.

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