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In the fiscal year, which begins April 1, India intends to place government bonds in the amount of 7.1 trillion rupees ($100 billion), Finance Minister, Piyush Goyal, said. The Indian government plans to support the economy with these funds. 750 million rupees will be directed to support farmers from 120 million households. Citizens who earn less than 500 thousand rupees ($7.1 thousand) per year will be exempt from income tax. In May, Indian citizens will choose a new government. Officials are supposed to have already budgeted measures designed to incline the population to support the current Prime Minister, Narendra Modi. In the current fiscal year, the state budget deficit of India will be 3.4% of GDP against the previously projected 3.3%. Experts, surveyed by Bloomberg, looked to 6.4 trillion rupees of government bonds budgeted. Their volume will be reduced to 5.71 trillion rupees. The yield on Indian bonds maturing in 9 years rose to 7.53%. Rupee fell against the dollar by 0.6%.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
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