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