Siddhartha Singh Bloomberg
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Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
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India Considers Banning Most Rice Exports As Local Prices Surge: Report
India, the world's biggest rice shipper, is considering banning exports of most varieties, a move that may send already lofty global prices higher as the disruptive El Nio weather pattern returns.
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Centre Orders Inspection Of Byju's Account Books
The government has ordered an inspection into the account books of education-technology titan Byju's, which has been rocked by the resignation of its auditor and three board members last month.
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India May Offer $2.5 Billion To Fuel Retailers, Cooking Gas Prices At Stake
India plans to pay about Rs 200 billion ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a check on cooking gas prices.
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Centre's $26 Billion Inflation-Fighting Aid To Result In Extra Borrowing
India unveiled inflation-fighting fiscal measures estimated to be worth $26 billion, including cuts to fuel taxes and import duties, adding pressure on government borrowing and bonds while joining efforts by the central bank to tame price pressures.
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Budget 2022: Government Plans Rs 1.4 Trillion Subsidy To Placate Farmers
India may earmark $19 billion in union budget to compensate fertilizer entities for selling their products to farmers at less than market rates
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Reducing Government Stake In Banks: The Steps PM Modi Is Reviewing
The government is considering changes that would make it easier to lower its stake in state-run banks, a key step in Prime Minister Narendra Modi's plan to unclog credit flow to the economy.
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Wider Budget Gap Seen As Centre Struggles To Complete Planned Asset Sales
India may overshoot its budget deficit target as the government boosts spending and struggles to complete planned asset sales, according to people with knowledge of the matter.
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Why Air India's Regional Airline Was Excluded From Sale To Tatas
India plans to sell Air India Ltd.'s regional arm separately, days after Tata Sons Ltd. emerged as the highest bidder for the parent carrier in an auction
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Air India Sold To Tatas For Rs 18,000 Crore
Tata Sons Pvt. was selected as the winning bidder for Indias flag carrier, ending decades of attempts to privatize a money-losing and debt-laden airline, and potentially ending years of taxpayer-bailouts thats kept the company alive.
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Tata Sons Said To Have Won Air India Bid: Report
The proposed handover is a key victory for Prime Minister Narendra Modi, who has embarked on a bold privatization plan to plug a widening budget deficit.
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Airports Among $81 Billion Of Infrastructure To Be Sold By Centre: Report
The Centre plans to raise Rs 6 trillion ($81 billion) from selling state-owned infrastructure assets over next four years to help bolster the governments finances and plug its budget deficit, according to people familiar with the matter.
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
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Government May Leave RBI's Inflation Target Range Unchanged: Report
A consumer-price inflation band tracked by the Reserve Bank of India is likely to be retained at the current 2 per cent-6 per cent range, said the people, who asked not to be identified citing rules before the framework is finalized by March 31
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2 Telecom Lines Fail To Protect NSE, World's Top Derivative Exchange
Both service providers -- Bharti Airtel and Tata Communications -- went down at the same time, hamstringing migration from Mumbai to Chennai, the people said, asking not to be identified discussing internal deliberations
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Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
-
India Considers Banning Most Rice Exports As Local Prices Surge: Report
India, the world's biggest rice shipper, is considering banning exports of most varieties, a move that may send already lofty global prices higher as the disruptive El Nio weather pattern returns.
-
Centre Orders Inspection Of Byju's Account Books
The government has ordered an inspection into the account books of education-technology titan Byju's, which has been rocked by the resignation of its auditor and three board members last month.
-
India May Offer $2.5 Billion To Fuel Retailers, Cooking Gas Prices At Stake
India plans to pay about Rs 200 billion ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a check on cooking gas prices.
-
Centre's $26 Billion Inflation-Fighting Aid To Result In Extra Borrowing
India unveiled inflation-fighting fiscal measures estimated to be worth $26 billion, including cuts to fuel taxes and import duties, adding pressure on government borrowing and bonds while joining efforts by the central bank to tame price pressures.
-
Budget 2022: Government Plans Rs 1.4 Trillion Subsidy To Placate Farmers
India may earmark $19 billion in union budget to compensate fertilizer entities for selling their products to farmers at less than market rates
-
Reducing Government Stake In Banks: The Steps PM Modi Is Reviewing
The government is considering changes that would make it easier to lower its stake in state-run banks, a key step in Prime Minister Narendra Modi's plan to unclog credit flow to the economy.
-
Wider Budget Gap Seen As Centre Struggles To Complete Planned Asset Sales
India may overshoot its budget deficit target as the government boosts spending and struggles to complete planned asset sales, according to people with knowledge of the matter.
-
Why Air India's Regional Airline Was Excluded From Sale To Tatas
India plans to sell Air India Ltd.'s regional arm separately, days after Tata Sons Ltd. emerged as the highest bidder for the parent carrier in an auction
-
Air India Sold To Tatas For Rs 18,000 Crore
Tata Sons Pvt. was selected as the winning bidder for Indias flag carrier, ending decades of attempts to privatize a money-losing and debt-laden airline, and potentially ending years of taxpayer-bailouts thats kept the company alive.
-
Tata Sons Said To Have Won Air India Bid: Report
The proposed handover is a key victory for Prime Minister Narendra Modi, who has embarked on a bold privatization plan to plug a widening budget deficit.
-
Airports Among $81 Billion Of Infrastructure To Be Sold By Centre: Report
The Centre plans to raise Rs 6 trillion ($81 billion) from selling state-owned infrastructure assets over next four years to help bolster the governments finances and plug its budget deficit, according to people familiar with the matter.
-
Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
-
Government May Leave RBI's Inflation Target Range Unchanged: Report
A consumer-price inflation band tracked by the Reserve Bank of India is likely to be retained at the current 2 per cent-6 per cent range, said the people, who asked not to be identified citing rules before the framework is finalized by March 31
-
2 Telecom Lines Fail To Protect NSE, World's Top Derivative Exchange
Both service providers -- Bharti Airtel and Tata Communications -- went down at the same time, hamstringing migration from Mumbai to Chennai, the people said, asking not to be identified discussing internal deliberations
