Manoj Kumar

India's January trade deficit widens, slow exports growth a concern

15 Feb 2019

NEW DELHI India's trade deficit widened in January pushed by a rise in gold imports, while exports growth remained low, deepening concerns for Prime Minister Narendra Modi who wants to accelerate economic expansion ahead of elections.

India's January inflation pace drops; RBI could cut rates again

12 Feb 2019

NEW DELHI India's consumer prices rose at a milder pace than anticipated in January and remained below the Reserve Bank of India's target for a sixth straight month, strengthening views it could again cut the key interest rate at its next policy review in April.

ANALYSIS-India's central bank delivers a pre-election rate cut gift to Modi but is it enough?

08 Feb 2019

* Modi's ruling BJP says will help growth, lending to small firms

RBI delivers a pre-election rate cut gift to Modi but is it enough?

07 Feb 2019

NEW DELHI The Reserve Bank of India's (RBI) surprise decision to cut interest rates for the first time in 18 months on Thursday is a pre-election stimulus gift from a compliant central bank for Prime Minister Narendra Modi.

Fraud-hit PNB posts surprise profit, sees asset quality improving

05 Feb 2019

State-run Punjab National Bank (PNB) posted a surprise quarterly profit as the fraud-hit lender's provisions slid and asset quality improved, and it expects to further bring down its bad loan ratio in the current quarter.

Budget 2019: Government steps up farm support, gives tax relief in pre-election budget

02 Feb 2019

NEW DELHI India's government pledged 750 billion rupees ($10.56 billion) to support poor farmers and reduced the tax burden for the middle class on Friday, as it looked to rally support from voters with the final budget before a general election. | Video

Indian jobless rate at multi-decade high, report says, in blow to Modi

01 Feb 2019

NEW DELHI An official survey that has been withheld by the government shows India's unemployment rate rose to its highest level in at least 45 years in 2017/18, the Business Standard newspaper reported on Thursday, delivering a blow to Prime Minister Narendra Modi months before a general election.

Exclusive: Modi plans to raise rural spending by 16 percent to woo rural voters - sources

31 Jan 2019

NEW DELHI India is likely to raise its rural welfare spending by 16 percent for the fiscal year beginning April, two government sources said, as Prime Minister Narendra Modi tries to woo the farm vote ahead of a general election due by May this year.

Modi seen appeasing voters, putting reforms aside in pre-election budget

31 Jan 2019

NEW DELHI Desperate for five more years in power, India's Hindu nationalist government will woo rural and urban middle-class voters with farm relief measures and tax cuts, said officials privy to plans for the final budget before a general election.

Indian businesses fear opposition's guaranteed income plan, see higher taxes

31 Jan 2019

NEW DELHI India's main opposition Congress Party is promising to introduce a minimum income guarantee for the poor if it wins power in an election due by May, alarming some big and small business leaders who are asking: Where will the money come from?

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