Anirban Nag And Vrishti Beniwal Bloomberg

A $28 billion (roughly Rs. 2,03,160 crore) programme to persuade foreign manufacturers to set up operations in India is part of Prime Minister Narendra Modi’s “Self-Reliant India” drive. Amazon unveiled plans in February to set up a manufacturing line in Chennai to produce Fire TV streaming devices. Apple said this month it will begin produci...

Part of Prime Minister Narendra Modi's "Self-Reliant India" drive, the program is expected to boost output by $520 billion over five years, according to official projections. Credit Suisse sees it adding 1.7% to gross domestic product by 2027, while creating 2.8 million jobs.

Gross domestic product shrank 23.9 per cent in the three months to June from a year earlier, the Statistics Ministry said in a report Monday.

With more than 65,000 new infections a day and total cases topping 3 million in a country of 1.3 billion, India's road to recovery appears a long and hard one.

The administration can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.

High frequency data has showed that demand is virtually non-existent. The country's dominant services industries crashed last month, while car sales also collapsed.

Many worked out that the actual fiscal cost amounts to just about 1 per cent of GDP, sending stocks and the rupee down in the immediate aftermath.

With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5 per cent

The Reserve Bank of India wants to keep the rupee stable, and will continue using long-term repurchase operations and other liquidity tools, an official said.

A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."

This is the second straight year that the RBI has announced an advance payment to Prime Minister Narendra Modi's government.

The government has, in all, budgeted Rs 74,140 crore in dividends from the RBI and the state-run lenders in the year ending March 31 and has penciled in Rs 82,910 crore for the next year.

The government, which had already exceeded its annual deficit target in October, faces a huge shortfall in indirect taxes, while revenue from asset sales and dividend payments from state-run companies are subdued.

Any attempts by the government to undermine the central bank's freedom and raid its surplus capital may spook investors and carry damaging consequences for the economy.

Prime Minister Narendra Modi has a new ally at the Reserve Bank of India in Governor Shaktikanta Das, who may be more amenable to the government's requests to ease lending restrictions on state-run banks.

A $28 billion (roughly Rs. 2,03,160 crore) programme to persuade foreign manufacturers to set up operations in India is part of Prime Minister Narendra Modi’s “Self-Reliant India” drive. Amazon unveiled plans in February to set up a manufacturing line in Chennai to produce Fire TV streaming devices. Apple said this month it will begin produci...

Part of Prime Minister Narendra Modi's "Self-Reliant India" drive, the program is expected to boost output by $520 billion over five years, according to official projections. Credit Suisse sees it adding 1.7% to gross domestic product by 2027, while creating 2.8 million jobs.

Gross domestic product shrank 23.9 per cent in the three months to June from a year earlier, the Statistics Ministry said in a report Monday.

With more than 65,000 new infections a day and total cases topping 3 million in a country of 1.3 billion, India's road to recovery appears a long and hard one.

The administration can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.

High frequency data has showed that demand is virtually non-existent. The country's dominant services industries crashed last month, while car sales also collapsed.

Many worked out that the actual fiscal cost amounts to just about 1 per cent of GDP, sending stocks and the rupee down in the immediate aftermath.

With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5 per cent

The Reserve Bank of India wants to keep the rupee stable, and will continue using long-term repurchase operations and other liquidity tools, an official said.

A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."

This is the second straight year that the RBI has announced an advance payment to Prime Minister Narendra Modi's government.

The government has, in all, budgeted Rs 74,140 crore in dividends from the RBI and the state-run lenders in the year ending March 31 and has penciled in Rs 82,910 crore for the next year.

The government, which had already exceeded its annual deficit target in October, faces a huge shortfall in indirect taxes, while revenue from asset sales and dividend payments from state-run companies are subdued.

Any attempts by the government to undermine the central bank's freedom and raid its surplus capital may spook investors and carry damaging consequences for the economy.

Prime Minister Narendra Modi has a new ally at the Reserve Bank of India in Governor Shaktikanta Das, who may be more amenable to the government's requests to ease lending restrictions on state-run banks.