Indian retailers are struggling to keep up online as e-commerce garner large investments.» Read More
*Asian shares fell on Wednesday, led by losses in technology and materials stocks after brokerage downgrades for top chip maker Intel Corp. *Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East.
Treasury Secretary Timothy Geithner met Tuesday with India's finance minister to discuss lowering trade and investment barriers just weeks after the Indian government started a drive to reignite the nation's declining economic growth.
Regulatory uncertainty and policy gridlock have battered foreign corporate investment towards India over the past year, adding to dramatic slowdown in growth.
NEW DELHI, Oct 9- India's new drive to reform its economy will spur growth in private investment and income, U.S. Sitting beside P. Chidambaram, whose appointment as India's finance minister in August helped trigger the rash of reforms, Geithner said the new policies offered "a very promising path to improving growth outcomes for the Indian economy".
Treasury Secretary Timothy Geithner was meeting Tuesday with Indian Finance Minister Palaniappan Chidambaram in New Delhi to discuss ways to improve economic ties between their two countries. Last month, the Cabinet agreed to allow foreign retail giants, such as U.S.-based Wal-Mart, into the Indian market.
NEW DELHI, Oct 9- India should scrap a law that taxes asset transfers retrospectively, a government panel recommended in a draft report that could save Britain's Vodafone.
By Manoj Kumar and Frank Jack Daniel. NEW DELHI, Oct 4- India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among a package of new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament.
NEW DELHI-- India's Cabinet pushed ahead with a second wave of economic reform proposals, endorsing higher levels of foreign investment in insurance and pension funds and amendments to laws governing competition, Finance Minister Palaniappan Chidambaram said.
NEW DELHI, Oct 4- India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions in the latest move by Prime Minister Manmohan Singh to restore confidence in the economy, but the reforms will face a tough fight in parliament.
NEW DELHI, Oct 4- India's cabinet approved bills for foreign investment in insurance and pensions on Thursday in the latest move by Prime Minister Manmohan Singh to restore confidence in the flagging economy, but the reforms will face a tough fight in parliament.
NEW DELHI, Oct 3- India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a government minister told reporters on Wednesday.
NEW DELHI, Oct 1- India could amend controversial rules on tax avoidance within 20 days, the finance minister said on Monday, potentially ending months of uncertainty after the prime minister ordered a panel to clarify the tax proposals that had hurt investor confidence. In a move seen as targeting Vodafone, India passed a law in May to seek taxes from such deals.
NEW DELHI, Oct 1- India will set final rules on tax anti-avoidance within 20 days after considering recommendations made by a government panel, Finance Minister P. Chidambaram said on Monday.
India’s Prime Minister Manmohan Singh, credited with turning around the economy in the 1990s, is once again fully in charge of economic policy and experts say there is growing urgency to deal with the deteriorating economy.
Manmohan Singh, India’s prime minister, has agreed to face a parliamentary investigation into a spiralling corruption scandal that has paralyzed the world’s largest democracy. The FT reports.