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The Twin Deficits That Threaten Modi’s India – Businessweek
For Narendra Modi, getting elected as prime minister of India is the easy part. Now comes dealing with the twin deficits—in the national budget and in foreign trade—that endanger the world’s largest...
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India Raises $278 Million From Sale of Stake in Steel Authority – Businessweek
India said the sale of a stake in state-run Steel Authority of India Ltd. will fetch $278 million, the first step in a push for $9.5 billion from share sales to help narrow the nation’s budget deficit...
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India wants to reduce subsidies to cut expenditure – Jaitley | Reuters
India wants to reduce its subsidy bill, estimated at near two percent of its gross domestic product, to cut down state expenditure and transfer funds to other sectors, the finance minister said....
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Record Coal India share sale boosts privatisation drive | Reuters
India has raised about $3.6 billion by selling a 10 percent stake in state-run Coal India Ltd in the largest ever equity deal in the local market, giving a welcome boost to the government‘s faltering...
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