Aftab Ahmed

India's June import decline reflects further weakness in demand and activity

15 Jul 2019

NEW DELHI India's imports declined to their lowest level in four months in June to $40.29 billion, down 9% from a year ago, indicating weakening consumption in Asia's third largest economy, economists said.

Exclusive: India aims to raise $47 billion from stake sales in state firms over five years - sources

13 Jul 2019

NEW DELHI The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatisation push in more than two decades.

India's June inflation hits eight-month high but rate cut still possible

12 Jul 2019

NEW DELHI India's retail inflation hit a eight-month high in June on higher food prices, but stayed below the central bank's target, potentially giving it room for a further interest rate easing to boost slowing growth.

India aims to raise $2.18 billion by cutting stakes in 18 firms to 75%: source

08 Jul 2019

NEW DELHI India's government aims to raise up to 150 billion rupees ($2.18 billion) by reducing its stake in 18 state firms to 75%, a finance ministry official involved in the matter said on Monday, as it looks to boost revenues and rein in the fiscal deficit.

India's cautious budget puts onus on central bank to spur growth

06 Jul 2019

NEW DELHI The Indian government's annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on the central bank to provide more immediate help.

India considering relaxing foreign investment rules for several sectors

06 Jul 2019

NEW DELHI The Indian government on Friday said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia's third-largest economy a more attractive investment destination.

India raises import tariffs, taxes on the super rich as it seeks growth

05 Jul 2019

NEW DELHI India raised import tariffs on nearly 75 items including gold and automobile parts in its budget on Friday and increased taxes on the rich to help pay for recapitalizing banks and supporting small business in a bid to revive sagging growth.

India's Modi govt releases budget to get growth back up, plans structural reforms

05 Jul 2019

NEW DELHI, July 5 India Prime Minister Narendra Modi's government unveiled the budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election victory.

India forecasts GDP growth will edge up to 7% this year, sees fiscal challenges

04 Jul 2019

NEW DELHI India's government forecast on Thursday that economic growth could get back up to 7% percent this year, but cautioned it will face challenges keeping its fiscal deficit in check.

RBI to regulate housing finance firms, review assets: sources

03 Jul 2019

MUMBAI/NEW DELHI India will soon give Reserve Bank of India (RBI) power to regulate housing finance companies (HFCs), which will almost certainly lead to the lenders facing stringent asset quality reviews, two sources with direct knowledge of the matter said.

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