Shruti Srivastava, Bloomberg
-
Apple Said To Seek Lower Taxes To Start Manufacturing In India
The company wrote to the industry ministry last month seeking lower import and manufacturing duties, the person said, asking not to be identified citing rules on speaking to the media.
-
Government Forecasts Economic Growth At 3-Year-Low Even Without Notes Ban
However, the numbers don't consider data from November onward, when PM Modi shocked the nation by banning high-value bank notes, Chief Statistician TCA Anant said at a subsequent briefing in New Delhi.
-
Crypto Rules Violators Could Be Fined Rs 20 Crore Or Get Jail Term: Report
India is considering appointing its capital markets regulator to oversee cryptocurrencies, according to people with knowledge of the matter, as authorities look to classify them as financial assets.
-
Government Plans To Pull In 324 Companies Including Tesla, Glaxo: Report
Under the plan, the government will create a land bank for ready-to-move-in industrial clusters, offer investment and location-based incentives and rationalize anti-dumping duties.
-
PM Modi's Plan To Unlock Gold Gets New Focus With Widening Trade Gap
India's wide trade deficit is highlighting a curious plan to rein in the gap: Getting people to hand over their private stashes of gold jewelry.
-
Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
The import tax on gold and other precious metals will be raised to 12.5 per cent from 10 per cent, Finance Minister Nirmala Sitharaman said
-
Government Planning Trade Deal To Boost Exports To China: Report
An analysis by Prime Minister Narendra Modi's administration shows that Southeast Asian nations, Australia, and South Korea among others have competitive advantage over India due to free trade agreements with China.
-
Government Considering Outright Sale Of Crisis-Hit IL&FS: Report
The government is examining options including an outright sale of Infrastructure Leasing & Financial Services Ltd., a person with knowledge of the matter said, amid attempts to stem defaults at the lender with $12.6 billion of debt.
-
Government May Extend Ban On New Bankruptcy Filings: Report
The proposal is to extend the halt on new bankruptcy cases for another six months past its currently scheduled ending point this week.
-
India To Offer Big Tax Holidays To Win New Investments: Report
The trade ministry has identified top 50 industry clusters to upgrade their existing infrastructure, testing labs and research and development facilities.
-
Income Tax Bar May Be Raised In Budget To Revive Economy: Report
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.
-
Amid Trade War Between US, China, India Finds An Opportunity: Report
Economies, including Vietnam and Malaysia, have benefited from businesses trying to sidestep tariffs, while India has largely missed out on any investment gains.
-
Greater Scrutiny Of FDI Likely For National Security, Says Top Official
India received $26 billion FDI in the first six months of the financial year that started April 2019, up from $22 billion in the whole of the previous year, according to the industry department.
-
China Seeks Talks With India To Push Asia Trade Pact: Report
India's imports from China have been rising for a while with the deficit reaching $55.6 billion in 2017 compared to $48.19 billion in 2015.
-
PM Modi's Plan To Unlock Gold Gets New Focus With Widening Trade Gap
India's wide trade deficit is highlighting a curious plan to rein in the gap: Getting people to hand over their private stashes of gold jewelry.
