Vrishti Beniwal And Shruti Srivastava Bloomberg

Timarpur Lake in northern Delhi had been known for decades as a place for petty crime and the foul smell of sewage. It's now getting ready to welcome visitors with a new amphitheater, children's play area and fountains dotting the landscape.

Prime Minister Narendra Modi will soon decide whether to extend a food dole out that has cost India $44 billion since the Covid pandemic, or ease the strain on government finances and food supply.

India turned down a demand of Elon Musk's Tesla Inc. for tax breaks to import electric cars, saying rules already allow bringing in partially-built vehicles and assembling them locally at a lower levy.

Thirty years ago, on a summer evening in late July, India liberalized its Soviet-style economy in a transformation that eventually pulled about 300 million out of poverty, fueling one of the biggest wealth creations in history.

Any tax exemptions will add stimulus to an economy that's slowed sharply this year, with growth reaching a five-year low of 5.8 per cent in the first three months of the year.

Government will soon revive the sale of its money-losing flag carrier with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors.

The government has clarified rules around the taxation of foreign investors, as the benchmark stock index fell on the re-introduction of a levy on prospective profits.

Timarpur Lake in northern Delhi had been known for decades as a place for petty crime and the foul smell of sewage. It's now getting ready to welcome visitors with a new amphitheater, children's play area and fountains dotting the landscape.

Prime Minister Narendra Modi will soon decide whether to extend a food dole out that has cost India $44 billion since the Covid pandemic, or ease the strain on government finances and food supply.

India turned down a demand of Elon Musk's Tesla Inc. for tax breaks to import electric cars, saying rules already allow bringing in partially-built vehicles and assembling them locally at a lower levy.

Thirty years ago, on a summer evening in late July, India liberalized its Soviet-style economy in a transformation that eventually pulled about 300 million out of poverty, fueling one of the biggest wealth creations in history.

Any tax exemptions will add stimulus to an economy that's slowed sharply this year, with growth reaching a five-year low of 5.8 per cent in the first three months of the year.

Government will soon revive the sale of its money-losing flag carrier with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors.

The government has clarified rules around the taxation of foreign investors, as the benchmark stock index fell on the re-introduction of a levy on prospective profits.