Gulf Times - India-budget
India relaxes fiscal deficit, cuts taxes to spur growth

India relaxes fiscal deficit, cuts taxes to spur growth

India relaxed its fiscal deficit target Saturday, raising spending and slashing taxes as it seeks to attract foreign investment and increase consumption in the wake of a prolonged economic slowdown.

India raises import tariffs, taxes on the super rich as it seeks growth

India raises import tariffs, taxes on the super rich as it seeks growth

India raised import tariffs on nearly 75 items including gold and automobile parts in its budget on Friday and increased taxes on the rich to help pay for recapitalising banks and supporting small business in a bid to revive sagging growth.

Shooting his way into the market

Shooting his way into the market

Miguel Caballero aimed his .38-calibre pistol, took a deep breath, and shot his wife – as gently as possible.

QIIC posts QR36mn shareholders profit for H1

QIIC posts QR36mn shareholders profit for H1

Qatar Islamic Insurance Company’s (QIIC) shareholders profit grew by 1% to reach QR36.06mn compared to the QR35.73mn it recorded in the same period last year.

India unveils budget for recovery, and the poor, after cash crackdown

India unveils budget for recovery, and the poor, after cash crackdown

India unveiled a budget on Wednesday to help the poor with hikes in government spending and cuts in taxes as Prime Minister Narendra Modi seeks to win back the sympathy of voters hit hard by his recent crackdown on "black money".

Carry trade pick for EMs turns to euro from yen

Carry trade pick for EMs turns to euro from yen

Investors are starting to shift to the euro from the Japanese yen when they consider funding carry trades in emerging markets, as prospects for political turmoil in the European Union hang over the shared currency.

China sets patent filing record: UN

China sets patent filing record: UN

China has become the first country to file more than a million patent applications in a year, leading a global innovation surge that has defied sluggish economic growth, the UN said Wednesday.

Mehbooba seeks talks with ‘all stakeholders’ to end crisis

Mehbooba seeks talks with ‘all stakeholders’ to end crisis

Chief Minister Mehbooba Mufti yesterday squarely blamed Pakistan and separatists for fuelling the ongoing trouble in the Kashmir Valley that has been seething with public anger and violent anti-government protests for the past 50 days.

Poll: Narrow majority back reform protests

Poll: Narrow majority back reform protests

A slim majority of French people are in favour of protests against a deeply contested labour reform the ruling Socialist Party...

Qatar’s mission to UN holds meeting on Syria war crimes

Qatar’s mission to UN holds meeting on Syria war crimes

At the initiative of the Permanent Mission of the State of Qatar to the United Nations, a meeting was convened at the UN headquarters in New York to highlight war crimes, accountability and justice in Syria.

Schools shut in Tehran as air pollution levels soar

Schools shut in Tehran as air pollution levels soar

Iran is to close schools for two days in Tehran, an official said yesterday, following air pollution three times the acceptable...

Shale drillers are now free to export US oil into glut

Shale drillers are now free to export US oil into glut

US shale drillers will soon be able to sell their oil all over the world. Too bad no one needs it right now. A congressional deal to lift the 1970s-era prohibition ...