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International

Aftab Ahmed

India faces record fertiliser subsidy in 2021/22

Nov 30 2021

NEW DELHI (Reuters) -India plans to increase 2021/22 fertiliser subsidies to a record of more than 1.55 trillion rupees ($20.64 billion) to avoid shortages amid a sharp increase in global prices of the chemicals, sources familiar with the matter said.

India grows fastest among major economies, Omicron risks seen

Nov 30 2021

NEW DELHI (Reuters) -India grew at the fastest pace of any major economy in the July-September quarter but economists said disruptions from the emerging Omicron https://www.reuters.com/world/spread-omicron-variant-forces-nations-rethink-plans-global-travel-2021-11-29 coronavirus variant risked slowing the recovery, especially given India's low vaccination rates.

EXCLUSIVE-India faces record fertiliser subsidy in 2021/22

Nov 30 2021

NEW DELHI, Nov 30 India plans to increase 2021/22 fertiliser subsidies to a record of more than 1.55 trillion rupees ($20.64 billion) to avoid shortages amid a sharp increase in global prices of the chemicals, sources familiar with the matter said.

India may create obstacles to crypto trading and holding -sources

Nov 18 2021

MUMBAI/NEW DELHI (Reuters) -India plans to tighten regulation of cryptocurrencies to deter investors from holding them though the government is unlikely to follow through with an earlier plan to ban private digital coins, according to two sources familiar with the discussions.

EXCLUSIVE-India may create obstacles to crypto trading and holding -sources

Nov 18 2021

MUMBAI/NEW DELHI, Nov 18 India plans to tighten regulation of cryptocurrencies to deter investors from holding them though the government is unlikely to follow through with an earlier plan to ban private digital coins, according to two sources familiar with the discussions.

Paytm's $2.5 billion IPO mints new millionaires in India

Nov 12 2021

NEW DELHI Indian electronics engineer Siddharth Pandey will become a millionaire after the country's biggest ever public issue, but he says he had to overcome his father's opposition to join fintech firm Paytm when it was a fledgling start-up nine years ago.

India's Paytm prices stock at top of range in $2.5 billion IPO

Nov 12 2021

NEW DELHI (Reuters) -Paytm has priced its shares at the top of the range for its 183 billion rupee initial public offering (IPO), a prospectus showed on Friday, even though India's largest public issue was received with less enthusiasm than those of other tech firms.

India to use revenue surge to fund welfare drives, not beat fiscal deficit target - sources

Nov 05 2021

NEW DELHI (Reuters) -India will utilise a big bump in revenue collection to fund welfare programmes instead of trying to beat its fiscal deficit target or lower borrowing, two government sources told Reuters.

India cuts fuel taxes ahead of festive season to boost economy

Nov 04 2021

NEW DELHI (Reuters) -The Indian government on Wednesday reduced taxes on petrol and diesel in a bid to improve consumer sentiment, as Asia's third-largest economy recovers from the shocks of severe lockdowns to control the spread of the coronavirus.

Britain to fund $3 billion worth of green investments in developing economies

Nov 01 2021

NEW DELHI/GLASGOW Britain announced on Monday it will fund green investments of more than 3 billion pounds ($4.11 billion) over five years and new guarantees to support clean infrastructure projects in developing economies.

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