It believes that there had been "little progress" in structural reforms.
Kurumbur in gold-loving Tamil Nadu was once a thriving centre for goldsmiths. Today their number is down to two.
The National Aviation Company of India Ltd (Nacil) will be able to save more than 30 per cent on its interest payment per year, as the finance ministry recently agreed to furnish sovereign guarantees on loans raised by the company which runs Air India.
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
Calling it a direct challenge to India's sovereignty, film director Vivek Ranjan Agnihotri said on Thursday that he declined an invitation by the Oxford Union and found the theme of the debate -- 'This House Believes in an Independent State of Kashmir' meaningless.
India believes that Canada doesn't take seriously violence or terrorism or incitement to hatred seriously, Canadian Prime Minister Justin Trudeau said on Wednesday as he cited foundational responsibility for the Canadian government for not taking actions against those espousing violence and terrorism against a third country.
Markets regulator Securities and Exchange Board of India (Sebi) is stepping up efforts to ease the onboarding of foreign portfolio investors (FPIs) and has constituted a cell for consultations with offshore investors and custodians, said whole-time member Ananth Narayan. Sebi is also working to make regulations more "light-touch" for FPIs that invest exclusively in government securities or are sovereign funds. The regulator is trying to make the registration process easier for such FPIs, the Sebi official said at the CII Financing 3.0 Summit in Mumbai.
It's intriguing that the prime minister now wants his American partner to help protect the Hindu minority in Bangladesh. That's conceding to the Americans a pre-eminence India has always contested, resented and feared, asserts Shekhar Gupta.
The North American Aerospace Defence Command (NORAD) intercepted a group of bombers near Alaska, marking the first instance of joint Russian and Chinese operations prompting such a response from the United States, CNN reported, citing, a United States defence official.
Vikas Yadav, 39, was employed by the Cabinet Secretariat, which houses India's foreign intelligence service, the Research and Analysis Wing (RAW), the federal prosecutors claimed on Thursday in an indictment filed in a US court in New York.
Credit rating agency Moody's Investors Service on Friday assigned senior implied issuer ratings of Ba1 to India's Tata Power and Indian Oil Corp -- one notch above the sovereign rating it assigns to India.\n\n\n\n
While SGBs are a sound investment, they aren't worth buying at any price. The interest income you earn from them will not justify paying a high premium.
A video circulating on social media that showed members of the Argentina national team singing about France striker Kylian Mbappe's African descent.
Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.
Officials asked what the point was in going through banks when the government has to give guarantees.
The first production run will be for 50,000 pieces.
Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18.
Fitch Ratings on Tuesday said the FY25 Budget demonstrated the government's ongoing commitment to reducing fiscal deficit and ensured policy continuity during the NDA government's new term. Finance Minister Nirmala Sitharaman on Tuesday presented the first Budget of the Modi 3.0 government in which she revised the deficit target for current fiscal lower to 4.9 per cent of the GDP, from 5.1 per cent projected in the interim Budget.
Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.
External Affairs Ministry spokesperson Randhir Jaiswal said India has a long-standing relationship with Russia which is based on "mutuality" of interests.
Today even those who support Prime Minister Modi feel there is a certain sense of listlessness in this government. What is it intending to achieve? This is not easy to say, notes Aakar Patel.
The UPA government on Friday insisted that the country's "sovereign" interests, including in strategic nuclear field, were protected in the IAEA safeguards agreement and expressed confidence about getting an exemption from the Nuclear Suppliers Group.
The sovereign ratings outlook for India may turn negative, from stable currently, if the country's fiscal policy fails to check external shocks like crude prices or aggravates the inflation concerns, global rating agency Moody's warned on Monday.
The best part is that an investor gets price appreciation and earns interest income as well, which is unique only to sovereign gold bond.
Finance Minister P Chidambaram said on Tuesday the government has received a proposal from the Prime Minister's Council on Trade & Industry for setting up a $5 billion sovereign wealth fund. The council consists of industry captains. "The council has suggested that there is a need to create a sovereign fund of $5 billon to begin with for financing acquisition of companies abroad," Chidambaram told the Rajya Sabha.
Amid a heated debate over the three new criminal laws, Chief Justice of India DY Chandrachud on Tuesday refused to comment on them, saying the issues arising from these statutes were pending before the Supreme Court.
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
PM Modi went to New York this time not to engage in polemics, but to find solutions to global problems. He made some progress on several matters, even on reform of the UN Security Council, when the US made a major concession for the first time that six permanent members without veto, including India, could be considered
Certain foreign portfolio investors (FPIs), which operate as pooled investment vehicles (PIVs), may not be exempt from the additional disclosure mandates by the Securities and Exchange Board of India (Sebi) following an update in the standard operating procedures (SOPs) for custodians. An updated version of the SOPs has specified several conditions to be met for PIVs to benefit from the exemptions granted. These include no segregated portfolios, independent investment manager, and investors having pari-passu (equal) rights in the entity.
The move follows concerns raised by the Reserve Bank of India. According to sources, the central bank is concerned that most sovereign wealth funds operate in a non-transparent manner.
Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fourth straight year in a row while his children earned a sitting fee and a commission for being on the board of India's most valuable company. Ambani, 67, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
All investors should ideally have a 10 to 15 per cent allocation to gold. Whether they invest in gold ETFs or SGBs should depend on their investment horizon.
A bench of Justices Sanjiv Khanna and Dipankar Datta posed the question to former Rajya Sabha MP Subramanian Swamy and lawyer Vishnu Shankar Jain, who sought deletion of the words "Socialist" and "Secular" from the Preamble of the Constitution.
Delhi's appeasement strategy may now translate as more mega arms deals with the US, generating substantial business and job creation in the American economy. Make no mistake, Americans will use it to pressure India, predicts Ambassador M K Bhadrakumar.
United States President Barack Obama, on a historic trip to the West Bank, on Thursday told Israel that its settlement activities were "not constructive" for peace in the region, and pledged his commitment to a two-state solution as Palestinians "deserve a state of their own".
'We have to keep a watch because India-Sri Lanka has a history that whenever there has been a change in government, either the connectivity projects have been questioned or cancelled or revived.'
The Indian government is once again considering whether it should establish a Sovereign Wealth Fund with an initial endowment of $10 billion. Would that be a wise policy? The answer depends on the fund's objectives. Consider five possible objectives.
A husband has no control over his wife's 'stridhan' (woman's property) and while he may use it during the time of his distress, he has a moral obligation to return it to his wife, the Supreme Court has reiterated while directing a man to pay Rs 25 lakh to a woman in return for her lost gold.
Most investors should have a 5% to 10% allocation to gold for diversification. They should stagger their investments to mitigate timing risk.
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
