Tag: indian government

Indian government, farmers fail to break deadlock on controversial laws

NEW DELHI – The Indian government and representatives of protesting farmers failed to reach an agreement on contentious new agriculture laws on Friday and said they will meet again in a week’s time. Tens of thousands of farmers have been camped on the outskirts of the capital New […]

Government to rollback higher surcharge on foreign portfolio investors

NEW DELHI – The Indian government announced measures on Friday to revive economic growth and markets including the withdrawal of higher taxes for foreign portfolio investors (FPIs) and said it would release funds for bank recapitalisation upfront. Finance Minister Nirmala Sitharaman told reporters the government had decided to […]

India plays down Trump decision to remove U.S. trade privileges

NEW DELHI – The Indian government said on Saturday it will continue to seek to build strong economic ties with the United States despite a decision by U.S. President Donald Trump to end preferential trade treatment for India from June 5. In a relatively tame response to the […]

Government set to turn up heat on RBI governor: sources

NEW DELHI/MUMBAI – The Indian government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank’s governor, three sources familiar with the government’s thinking told Reuters. While there appeared […]

With elections coming up, India’s government will aim to woo rural voters in budget

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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