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Aftab Ahmed

India set to hand troubled Lakshmi Vilas Bank to Singapore's DBS

17 Nov 2020

MUMBAI/NEW DELHI Lakshmi Vilas Bank is set to be folded into the Indian unit of Singapore's DBS under a plan proposed by the Reserve Bank of India (RBI), which took over LVB on Tuesday due to a "serious deterioration" in its finances.

UPDATE 2-India set to hand troubled Lakshmi Vilas Bank to Singapore's DBS

17 Nov 2020

MUMBAI/NEW DELHI, Nov 17 Lakshmi Vilas Bank is set to be folded into the Indian unit of Singapore's DBS under a plan proposed by the Reserve Bank of India (RBI), which took over LVB on Tuesday due to a "serious deterioration" in its finances.

High food prices hurting India's poor, pain to persist

13 Nov 2020

NEW DELHI India's retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive.

India's October retail inflation remained over 7% for second straight month

12 Nov 2020

NEW DELHI India's retail inflation remained above 7% in October for a second straight month as vegetable prices stayed at elevated levels, worrying policymakers, who are struggling to pull Asia's third largest economy from a deep slump.

Indian govt's latest stimulus to boost jobs, credit, farm sector

12 Nov 2020

NEW DELHI The Indian government announced a fresh stimulus of $16.1 billion on Thursday to be spent largely on creating jobs and boosting the nascent recovery visible in various sectors even as it tries to keep a lid on the ballooning fiscal deficit.

India planning around $20 billion of new stimulus - government sources

11 Nov 2020

NEW DELHI India is planning to announce a fresh round of stimulus totalling about $20 billion this week to help pull the economy out of its historic contraction, government officials said on Wednesday.

UPDATE 1-India planning around $20 billion of new stimulus -government sources

11 Nov 2020

* India's PM, FM to finalise the stimulus package on Thursday

India to spend $27 billion over 5 years to boost manufacturing

11 Nov 2020

NEW DELHI India's cabinet on Wednesday approved a proposal to provide production-linked incentives of about 2 trillion rupees ($27 billion) over five years to create jobs and boost manufacturing in the country, the finance minister said.

UPDATE 1-India to spend $27 billion over 5 years to boost manufacturing

11 Nov 2020

NEW DELHI, Nov 11 India's cabinet on Wednesday approved a proposal to provide production-linked incentives of about 2 trillion rupees ($27 billion) over five years to create jobs and boost manufacturing in the country, the finance minister said.

Exclusive: India central bank exploring investment options for reserves, sources say

03 Nov 2020

NEW DELHI/MUMBAI The Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest rates caused by the COVID-19 pandemic, according to two government sources aware of the development.

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