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Manoj Kumar

Exclusive: India to spend 6.5 percent more on food subsidies in FY 2019-20 - sources

23 Jan 2019

NEW DELHI India is poised to raise the subsidies for the world's biggest food welfare program by 6.5 percent for the fiscal year beginning April 1, the smallest increase in three years, in the nation's interim budget next month, two sources directly involved in the decision told Reuters.

Exclusive: India likely to target about $11 billion from state asset sales in 2019/20 FY - sources

22 Jan 2019

NEW DELHI The Indian government is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources with direct knowledge of budget discussions told Reuters on Tuesday.

Indian business leaders urge central bank to cut benchmark rate

18 Jan 2019

NEW DELHI India's top business groups on Thursday urged the central bank to cut its benchmark interest rate by at least half a percentage point and lower the cash reserve ratio it imposes on banks to stimulate an economy that is showing signs of weakness.

Indian business leaders urge central bank to cut benchmark rate by 50 basis points

17 Jan 2019

NEW DELHI, Jan 17 India's top business groups on Thursday urged the central bank to cut its benchmark interest rate by at least half a percentage point and lower the cash reserve ratio it imposes on banks to stimulate an economy that is showing signs of weakness.

India's plunging inflation rate opens door to monetary easing

15 Jan 2019

NEW DELHI India's annual retail inflation rate dropped to an 18-month low of 2.19 percent in December, strengthening views of some economists that the central bank could ease monetary policy next month as prices for many food items fell and the nation faces a manufacturing slowdown.

RPT-UPDATE 2-India's plunging inflation rate opens door to monetary easing

15 Jan 2019

* Dec CPI food inflation down 2.51 pct y/y vs 2.61 pct fall in Nov

Exclusive: India central bank accountable to government, says reserves panel chairman

10 Jan 2019

NEW DELHI The Reserve Bank of India is accountable to the government and should make policies within the framework set by the government, according to a former central bank chief now heading a panel tasked with framing guidelines for the transfer of the RBI's surplus funds to the government.

India offers tax sops to small businesses ahead of election

10 Jan 2019

NEW DELHI India's government announced a change in national sales tax rules on Thursday that would exempt an additional two million small businesses, in a move that could help garner support ahead of a general election that must be called by May.

India sets jobs quota for less well-off, critics see pre-vote ploy

09 Jan 2019

NEW DELHI India's parliament passed a landmark bill on Wednesday reserving 10 percent of government jobs for people outside high income brackets, a move criticised by some as a pre-election gimmick amid high unemployment.

India parliament to OK jobs quota for less well-off not covered by affirmative action

09 Jan 2019

NEW DELHI, Jan 9 India's parliament will pass a landmark bill on Wednesday reserving 10 percent of government jobs for the less well-off, a move criticised by some political analysts as a pre-election "gimmick" amid high unemployment rates in the country.

World News

Backed by U.S., Maduro rival Guaido claims Venezuela presidency

Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, winning the backing of Washington and many Latin American nations and prompting socialist Nicolas Maduro, who has led the oil-rich nation since 2013, to break relations with the United States.