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Aftab Ahmed

Exclusive: India plans new law to protect foreign investment - sources

15 Jan 2020

NEW DELHI India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters.

Exclusive: India plans cuts to imports from Malaysia, Turkey in Kashmir row

15 Jan 2020

NEW DELHI India is planning to cut some imports from Turkey and widen curbs on palm oil from Malaysia to oil, gas and other products, government officials said, targeting the two Muslim-majority countries for their criticism of India's policy toward Kashmir.

RPT-UPDATE 2-India's annual electricity demand grows at slowest pace in 6 years

15 Jan 2020

CHENNAI/NEW DELHI, Jan 14 India's annual electricity demand in 2019 grew at its slowest pace in six years with December marking a fifth straight month of decline, government data showed, amid a broader economic slowdown that led to a drop in sales of everything from cars to cookies and also to factories cutting jobs.

India's annual electricity demand grows at slowest pace in six years

14 Jan 2020

CHENNAI/NEW DELHI India's annual electricity demand in 2019 grew at its slowest pace in six years with December marking a fifth straight month of decline, government data showed, amid a broader economic slowdown that led to a drop in sales of everything from cars to cookies and also to factories cutting jobs.

UPDATE 2-India's annual electricity demand grows at slowest pace in 6 years

14 Jan 2020

* Economists say power demand shows slow economic recovery (Adds background, quotes)

India's inflation soars, likely putting rate cuts on hold

13 Jan 2020

NEW DELHI India’s annual retail inflation has accelerated to its highest level in more than five years, increasing the likelihood of an extended pause in the central bank's rate cutting cycle.

Walmart sacks 56 executives in India as part of restructuring

13 Jan 2020

NEW DELHI Walmart Inc , the world's largest retailer, has fired 56 of its executives in India as it restructures in the country.

Exclusive: Indian government to seek cenbank dividend boost as revenue drops

10 Jan 2020

NEW DELHI India's government plans to push the central bank for a fiscal lifeline in the form of another interim dividend, as it struggles to meet its expenditure commitments amid a steep revenue shortfall, three sources directly aware of the matter said.

EXCLUSIVE-Indian gov't to seek cenbank dividend lifeline amid revenue shortfall -sources

10 Jan 2020

NEW DELHI, Jan 10 India's government plans to push the central bank for a fiscal lifeline in the form of another interim dividend, as it struggles to meet its expenditure commitments amid a steep revenue shortfall, three sources directly aware of the matter said.

India plans to cut spending to curb deficit; may hurt growth

07 Jan 2020

NEW DELHI India's government is likely to cut spending for the current fiscal year by as much as 2 trillion Indian rupees as it faces one of the biggest tax shortfalls in recent years, three government sources said.

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