Vrishti Beniwal And Archana Chaudhary Bloomberg
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Government's Spending On Growth Later Deprives Those Vulnerable Now
India has vowed to spend almost half-a-trillion dollars to bring the pandemic-ravaged economy back onto a growth path, but that risks leaving vulnerable sections that still need support without immediate help.
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Government Not Informed In Advance Of Urjit Patel's Decision: Report
Mr Patel, who succeeded Raghuram Rajan in September 2016 for a three-year term, has been at loggerheads with the finance ministry on matters including the banking crisis and interest rates.
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PNB To Be Asked To Pay Banks For Jeweler Fraud: Report
India is planning to ask state-owned lender Punjab National Bank to compensate other banks for losses arising out of the $1.8 billion fraud allegedly perpetrated by jewelers Nirav Modi and Mehul Choksi, a person familiar with the matter said.
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In Budget Today, A Major Catch-22 For PM Modi
In his last full budget before 2019 elections, PM Modi is facing a revenue squeeze that may make it difficult to deliver on a promise to lower the basic corporate tax rate over time to 25 percent from 30 percent.
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Traders Say Delay Of Crores In Tax Refunds Has Slowed India's Exports
Four months after India's biggest tax overhaul, traders are still waiting for Rs 50,000 crore ($7.7 billion) they say the government owes them in refunds, leaving them short of operating capital as overseas sales suffer.
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Government's Spending On Growth Later Deprives Those Vulnerable Now
India has vowed to spend almost half-a-trillion dollars to bring the pandemic-ravaged economy back onto a growth path, but that risks leaving vulnerable sections that still need support without immediate help.
-
Government Not Informed In Advance Of Urjit Patel's Decision: Report
Mr Patel, who succeeded Raghuram Rajan in September 2016 for a three-year term, has been at loggerheads with the finance ministry on matters including the banking crisis and interest rates.
-
PNB To Be Asked To Pay Banks For Jeweler Fraud: Report
India is planning to ask state-owned lender Punjab National Bank to compensate other banks for losses arising out of the $1.8 billion fraud allegedly perpetrated by jewelers Nirav Modi and Mehul Choksi, a person familiar with the matter said.
-
In Budget Today, A Major Catch-22 For PM Modi
In his last full budget before 2019 elections, PM Modi is facing a revenue squeeze that may make it difficult to deliver on a promise to lower the basic corporate tax rate over time to 25 percent from 30 percent.
-
Traders Say Delay Of Crores In Tax Refunds Has Slowed India's Exports
Four months after India's biggest tax overhaul, traders are still waiting for Rs 50,000 crore ($7.7 billion) they say the government owes them in refunds, leaving them short of operating capital as overseas sales suffer.
