open view web desk NEW DELHI/MUMBAI- Investors may have been shocked when one of India’s biggest banks disclosed a $1.77 billion fraud by billionaire jeweller Nirav Modi, but the central bank has recorded data that shows the problem runs far deeper and wider. Reserve Bank of India (RBI) data, […]
open view web desk MUMBAI/NEW DELHI- Nirav Modi’s name is a stamp of corporate India’s growing global prestige. On Hollywood red carpets, his diamonds have sparkled on the necklines and dangled from the earlobes of actors and models like Kate Winslet, Dakota Johnson and Rosie Huntington-Whiteley. Back in […]
open view web desk New Delhi, Feb 9: The NHRC has taken cognisance of a complaint filed by three children of Army officers alleging violation of human rights of the force’s personnel in recent incidents of stone-pelting in Jammu and Kashmir. In a statement today, the National Human Rights […]
open view web desk NEW DELHI – Prime Minister Narendra Modi’s plan to provide health insurance for about half the country would require an estimated 110 billion rupees ($1.7 billion) in central and state funding each year, sources familiar with the matter said. The National Health Protection Scheme, […]
open view web desk Budget 2018 may be a good election weapon but given the difficulties faced by the economy and the incapacity of the government to deliver quickly, it can produce a political dividend for the BJP only if elections are held soon. The Union Budget 2018-19 […]
open view web desk NEW DELHI – Eyeing an election next year, India’s government announced massive spending for rural areas and projected economic growth above 8 percent in an annual budget on Thursday that won broad approval from economists, though bond and share markets fell. Delivering the government’s […]
open view web desk With India’s urban population rising by 11 million annually–the equivalent of adding a Bengaluru every year–and urban voters forming a major vote base for the Bharatiya Janata Party (BJP), making money and management available for cities would appear to be a priority. But promises […]
open view web desk MUMBAI – India’s bond markets extended declines, sending the 6.79 percent 10-year bond yield up as much as 13 basis points on worries the government would widen its fiscal deficit target and after an official said there was less scope for monetary easing. Bonds […]
open view web desk NEW DELHI – India on Monday forecast its economic growth would accelerate to 7 to 7.5 percent in the 2018/19 fiscal year, to once again become the world’s fastest-growing major economy. The government’s economic survey, presented to parliament on Monday, went on to say […]
open view web desk NEW DELHI – India’s government will be trying to woo back rural voters and small businesses when it announces the 2018/19 budget on Thursday and pick up economic momentum as it heads into a season of elections, officials said. Prime Minister Narendra Modi, extolling […]
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