Edition:
United Kingdom

Manoj Kumar

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.

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.

Tens of thousands strike in India as slowdown hits jobs

08 Jan 2020

NEW DELHI Tens of thousands of workers affiliated to trade unions led a strike in parts of India on Wednesday, disrupting transport and banking services in a protest against privatisation and the growing impact of an economic slowdown on jobs.

India predicts slower 5% growth, likely prompting budget stimulus

07 Jan 2020

NEW DELHI India on Tuesday forecast 5% growth for the current financial year, the slowest pace in 11 years, which will likely prompt the finance minister to opt for extra fiscal stimulus when she presents the annual budget next month.

Tens of thousands march in southern India to protest citizenship law

04 Jan 2020

HYDERABAD/NEW DELHI Over one hundred thousand protesters, many carrying the Indian tricolour flag, took part in a peaceful march in the southern city of Hyderabad on Saturday, chanting slogans against Prime Minister Narendra Modi's new citizenship law.

Indian budget likely to cut tax rates for individual taxpayers, sources say

17 Dec 2019

NEW DELHI The government is likely to trim personal income tax rates and cut the tax on long-term capital gains from equity investments in its next budget, in a bid to spur economic growth, four government officials.

REFILE-Indian budget likely to cut tax rates for individual taxpayers, sources say

17 Dec 2019

NEW DELHI, Dec 17 The Indian government is likely to trim personal income tax rates and cut the tax on long-term capital gains from equity investments in its next budget, in a bid to spur economic growth, four government officials.

Indian government's loan bonanza seen a temporary salve and a long-term pain

05 Dec 2019

MUMBAI/NEW DELHI Deen Dyal, who runs a tea stall on the outskirts of New Delhi, was beaming when he walked out of a community hall where Punjab National Bank was disbursing loans as part of government efforts to get credit flowing back into the economy.

India to launch first debt exchange-traded fund

04 Dec 2019

NEW DELHI India will launch its first debt exchange-traded fund (EFT) comprising debt of state-run companies, Finance Minister Nirmala Sitharaman said on Wednesday, in a bid to allow retail investors to buy government debt.

World News

China virus toll rises to nine as pandemic fears grow

The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, Chinese health officials said as authorities stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province.