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Nirmala Sitharaman

State-run banks report frauds of over $13 bn in April-September

Finance

19 November, 2019

State-run banks report frauds of over $13 bn in April-September

India’s state-run banks reported fraud worth 957.6 billion rupees ($13.34 billion) in the first six months of the fiscal...

Tax officials find PM Modi's targets too taxing, some quit

Economy

15 November, 2019

Tax officials find PM Modi's targets too taxing, some quit

India’s tax officials are facing a taxing issue. Prime Minister Narendra Modi’s government wants them to collect...

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Will the govt's real estate fund ease the housing sector's pain?

Infrastructure

08 November, 2019

Will the govt's real estate fund ease the housing sector's pain?

The government’s decision to set up an investment fund to revive stalled housing projects will help improve supply and sentiment...

Govt approves $1.4 bn for fund to help stalled housing projects

Infrastructure

07 November, 2019

Govt approves $1.4 bn for fund to help stalled housing projects

India’s cabinet has approved 100 billion rupees ($1.4 billion) for a fund to help clear stalled housing projects, Finance...

India to miss fiscal deficit target as slowing growth crimps tax revenue

Finance

17 October, 2019

India to miss fiscal deficit target as slowing growth crimps tax revenue

India is likely to miss its fiscal deficit target of 3.3% of gross domestic product for the current financial year ......

India cannot sacrifice economic strength to comply with US sanctions: Sitharaman

Economy

16 October, 2019

India cannot sacrifice economic strength to comply with US sanctions: Sitharaman

India wants to comply with global sanctions, including U.S. sanctions on Venezuela and Russia, but also needs to maintain its...

World Bank slashes India's growth forecast to 6% for this fiscal year

Economy

14 October, 2019

World Bank slashes India's growth forecast to 6% for this fiscal year

The World Bank on Sunday slashed its growth forecast for India’s current fiscal year to 6%, down from 7.5%, warning ......

Sensex, Nifty slide as banks slump; earnings in focus

Markets

10 October, 2019

Sensex, Nifty slide as banks slump; earnings in focus

Indian markets closed lower on Thursday, led by a sharp drop in banking shares, while investors awaited a raft of ......

Govt weighs stricter laws to curb frauds in co-operative banks

Finance

10 October, 2019

Govt weighs stricter laws to curb frauds in co-operative banks

The India government is considering amending laws to curb malpractices at co-operative banks in Asia’s third-largest economy,...

Indian equities lure foreign money in September on corporate tax cuts

Markets

07 October, 2019

Indian equities lure foreign money in September on corporate tax cuts

India and Taiwan equities received strong foreign inflows in September due to some local factors, but other regional markets saw...

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