Manoj Kumar

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.

Explainer: Will India's tax on the rich hit foreign investment inflows?

15 Jul 2019

NEW DELHI/MUMBAI The government's budget proposal earlier this month to increase taxes on those with annual incomes of more than 20 million rupees has rattled many foreign portfolio investors(FPIs).

Indian media body asks government to withdraw restrictions on journalists

10 Jul 2019

NEW DELHI The Editors Guild of India, which represents the country's newspapers, urged the government on Wednesday to withdraw curbs that have reduced journalists' access to officials in the finance ministry.

India plans $10 billion bank recapitalisation, help for shadow lenders

05 Jul 2019

MUMBAI/NEW DELHI The Indian government on Friday announced a fresh capital infusion of about $10 billion into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost lending and revive the economy.

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's budget likely to hike spending to combat slumping growth

03 Jul 2019

NEW DELHI Prime Minister Narendra Modi's government on Friday will unveil a budget that is expected to cut taxes on business and raise spending in a bid to shore up consumption and faltering economic growth.

Nepal's CG Group ties up with Huawei to launch 4G services

01 Jul 2019

NEW DELHI Nepal's Chaudhary Group (CG) has signed a deal worth about $100 million with China's Huawei Technologies to bring 4G phone services to the country, CG's chief executive said, shrugging off U.S. security concerns about Huawei's products.

Finance ministry seeks state fund payout cut amid fears about lending crunch

27 Jun 2019

NEW DELHI India's finance ministry has demanded the social security and pension fund cuts the 8.65 percent annual return it was planning to offer about 85 million member workers, according to a ministry memorandum reviewed by Reuters.

India likely to let budget deficit rise as tax receipts fall short

21 Jun 2019

NEW DELHI India's government is likely to overshoot the budget deficit target previously set for the current fiscal year, three officials have warned, as a slowing economy creates a big shortfall in tax collections and prompts new stimulus plans.

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