NEW DELHI India's fiscal deficit touched a record $88.5 billion in the April-June quarter, 83.2% of the target for the whole of the current fiscal year, reflecting the impact of the coronavirus pandemic on tax collections and as the government front-loaded its spending.
NEW DELHI India on Wednesday approved a plan to allow foreign universities to open campuses in the country as part of efforts to boost education to strengthen the economy as it struggles with the impact of the coronavirus pandemic.
MUMBAI/NEW DELHI Thousands of Indian exporters have been hit hard by new tax regulations, forcing some to close as doing business becomes more difficult.
NEW DELHI India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as the coronavirus pandemic depressed domestic demand for crude oil, gold and other industrial products, reflecting a slowing economy.
NEW DELHI India's retail inflation picked up in June, pushed by price increases for some food and fuel items, but economists said the central bank could still ease rates because of concerns about economic slowdown caused by lockdown.
MEERUT/MUMBAI, July 13 India re-opened for
business in June after months of lockdown but for thousands of
small entrepreneurs in the town of Meerut, near Delhi, the blow
has been devastating.
MEERUT/MUMBAI India re-opened for business in June after months of lockdown but for thousands of small entrepreneurs in the town of Meerut, near Delhi, the blow has been devastating.
CHENNAI/NEW DELHI, India Customs officials at Chennai, one of India's biggest ports, have held shipments originating from China for extra checks, sources aware of the delays told Reuters, amid a backlash against China over a border clash in which 20 Indian soldiers died.
NEW DELHI Amid calls for a boycott of Chinese goods after a border clash in which 20 Indian soldiers were killed, India's government instructed sellers to declare the country of origin for goods and services purchased via a state-run online portal.
MUMBAI/NEW DELHI India's ambitious plan to provide some 3 trillion rupees ($39.5 billion) in loans to small businesses to boost an economy ravaged by the coronavirus pandemic has got off to a slow start with banks disbursing only a tiny fraction of the available funds.