India cuts import taxes on Palm Oil
New Delhi has reduced import duties on crude and refined palm oil, an essential import commodity for India’s rapidly growing…
Indian markets slip after U.S. Fed’s comments
The rupee and stocks weakened early on Thursday, tracking Asian peers after the U.S. Federal Reserve gave a 2019 rate…
RBI to consult with government
On Wednesday, the newly appointed RBI Governor Shaktikanta Das addressed that he would consult more closely with the government on…
Demonitisation, Two Years On
8 November marks the second year since India demonetised all ₹500 and ₹1000 banknotes. Small and medium businesses are still…
India’s fiscal deficit at 5.95 trillion rupees
India’s April-September fiscal deficit stood at 5.95 trillion rupees ($81.20 billion), or 95.3 percent of the budgeted target for current…
India to export raw sugar
India to export raw sugar for the first time in three years as global prices rally. A rebound in New…
Monsoon rainfall predicted below average
Rainfall in India’s annual monsoon season in 2018 was below average and less than forecast, with key crop-growing northern states…
Indian Tariffs on Non-Essentials
The finance ministry of India increased customs duties on “non-essential” items, including washing machines, air conditioners, footwear, gemstones and jet…
IL&FS cause liquidity crunch
The risking risk of loan default by the Infrastructure Leasing & Financies Services Limited firm raises concerns about market stability,…
India looks for oil futures contracts
India’s government is planning to ask state oil firms to lock in their crude futures purchase prices. New Delhi is…