India Likely to Set GDP Estimate Closer to 7% on Spending Boom
India’s government is likely to estimate economic growth close to 7% in the current fiscal year, keeping it on track to be the fastest-growing major economy in the world…
India to delay import licensing of laptops after US, industry push back, sources say
India to delay import licensing of laptops after US, industry push back, sources say
Modi says India as G20 host will be inclusive and invites African Union to become permanent members
NEW DELHI (AP) — Indian Prime Minister Narendra Modi said the country’s role as the G20 host this year would focus on highlighting the concerns of the developing world, and has proposed the African Union to become permanent members of the forum. “We have a vision of inclusiveness and with that vision…
India hopes to conclude free trade deal with Britain this year
India hopes to conclude free trade deal with Britain this year – finance minister
India says it wants to send people to the moon after becoming the first nation to land on the lunar south pole
Prime Minister Modi confirmed plans to send people to the moon as the nation celebrated its historic lunar mission success on Wednesday…
India makes tests mandatory for cough syrup export after overseas deaths
India makes tests mandatory for cough syrup export after overseas deaths
India government opposes recognizing same-sex marriage – court filing
NEW DELHI — The Indian government opposes recognizing same-sex marriages, it said in a filing to the Supreme Court on Sunday, urging the court to reject challenges to the current legal framework lodged by LGBT couples. The Ministry of Law believes that while there may be various forms of relationships in society…
India government opposes recognizing same-sex marriage – court filing
NEW DELHI — The Indian government opposes recognizing same-sex marriages, it said in a filing to the Supreme Court on Sunday, urging the court to reject challenges to the current legal framework lodged by LGBT couples. The Ministry of Law believes that while there may be various forms of relationships in society…
India government opposes recognizing same-sex marriage – court filing
NEW DELHI — The Indian government opposes recognizing same-sex marriages, it said in a filing to the Supreme Court on Sunday, urging the court to reject challenges to the current legal framework lodged by LGBT couples. The Ministry of Law believes that while there may be various forms of relationships in society…
India FY24 capex may rise 30% with focus on growth – Barclays
MUMBAI — India’s federal government is likely to increase capital expenditure by 30% to 9 trillion rupees ($110.59 billion) in the next fiscal year to fuel growth, Barclays said. “In a pre-election year, we do not expect any material push to increase the pace of fiscal consolidation…
India economy likely to grow 6.5%-7% next fiscal year -govt adviser
India economy likely to grow 6.5%-7% next fiscal year -govt adviser
India central bank gov says priority is inflation, but growth important
India central bank gov says priority is inflation, but growth important – ET
India considering spending additional $26 billion to fight inflation -sources
NEW DELHI — The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters. The new measures will be double the 1 trillion rupees hit government revenues could take from tax cuts…
India Wants Russia to Discount Its Oil to Less Than $70 a Barrel
Bloomberg) — India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. The South Asian nation is seeking Russian cargoes at less than $70 a barrel on a delivered basis to…
The US urges India not to step up imports of Russian oil as other nations wean off their reliance
Biden said the US could help India diversify its sources of energy, but stopped short of making a “concrete ask” of Modi…
India halts futures trade in key farm commodities to calm inflation
MUMBAI — India’s market regulator called a halt to futures trading in key farm commodities on Monday, as the world’s biggest importer of vegetable oils, and a key producer of wheat and rice, struggles to tame food inflation. The year-long suspension, India’s most dramatic move since it allowed futures trade in 2003…
India tells public to shun Musk-backed Starlink until it gets license
NEW DELHI — The Indian government advised people against subscribing to Starlink Internet Services, a division of billionaire Elon Musk’s SpaceX aerospace company, as it does not have a license to operate in the country. A government statement issued late on Friday said Starlink had been told to comply with regulations and refrain from “booking/rendering…
India central bank sidesteps proposal on corporate ownership of banks
MUMBAI — India’s central bank said on Friday it would reform rules on the structure of private sector banks but a source familiar with the matter said the changes would not include allowing industrial groups to own lenders. Under the new rules significant shareholders in a non-state bank…
India approves Zydus Cadila’s COVID-19 vaccine for emergency use
BENGALURU — India’s drug regulator on Friday approved Zydus Cadila’s three-dose COVID-19 DNA vaccine for emergency use in adults and children above 12 years of age. (Reporting by Shivani Singh in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)
India a leader and key US ally in Afghanistan, says Antony Blinken
Meets Dalai Lama’s representative in New Delhi in a signal to China