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Aftab Ahmed

RPT-REUTERS SUMMIT-India's economy on the rebound, government focuses on spending -finmin

Dec 03 2020

* For other news from Reuters Global Investment Outlook Summit:

India's economy on the rebound, government focuses on spending: finance minister

Dec 03 2020

NEW YORK/NEW DELHI India's economy will return to growth in 2021/22 after a sharp contraction in the latest year, and higher public spending will lay the foundation for stronger growth in the next four to five years, Finance Minister Nirmala Sitharaman told Reuters on Thursday.

India's next budget to focus on boosting growth, says finance minister

Dec 03 2020

NEW YORK/NEW DELHI India's economy will return to growth in 2021/22 and higher spending in the budget due in February will lay the foundations for even stronger growth in the next four to five years, Finance Minister Nirmala Sitharaman told Reuters on Thursday.

India set to hand troubled Lakshmi Vilas Bank to Singapore's DBS

Nov 17 2020

MUMBAI/NEW DELHI Lakshmi Vilas Bank is set to be folded into the Indian unit of Singapore's DBS under a plan proposed by the Reserve Bank of India (RBI), which took over LVB on Tuesday due to a "serious deterioration" in its finances.

High food prices hurting India's poor, pain to persist

Nov 13 2020

NEW DELHI India's retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive.

Indian government's latest stimulus to boost jobs, credit, farm sector

Nov 12 2020

NEW DELHI The Indian government announced a fresh stimulus of $16.1 billion on Thursday to be spent largely on creating jobs and boosting the nascent recovery visible in various sectors even as it tries to keep a lid on the ballooning fiscal deficit.

India's October retail inflation remained over 7% for second straight month

Nov 12 2020

NEW DELHI India's retail inflation remained above 7% in October for a second straight month as vegetable prices stayed at elevated levels, worrying policymakers, who are struggling to pull Asia's third largest economy from a deep slump.

India planning around $20 billion of new stimulus - government sources

Nov 11 2020

NEW DELHI India is planning to announce a fresh round of stimulus totalling about $20 billion this week to help pull the economy out of its historic contraction, government officials said on Wednesday.

UPDATE 1-India planning around $20 billion of new stimulus -government sources

Nov 11 2020

* India's PM, FM to finalise the stimulus package on Thursday

India to spend $27 billion over 5 years to boost manufacturing

Nov 11 2020

NEW DELHI India's cabinet on Wednesday approved a proposal to provide production-linked incentives of about 2 trillion rupees ($27 billion) over five years to create jobs and boost manufacturing in the country, the finance minister said.

World News

UK, EU call in leaders to save trade talks

British and EU negotiators paused trade talks on Friday to call in their leaders to try to narrow gaps and get an agreement over the line, less than four weeks before Britain completes its Brexit journey out of the bloc.