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March 23, 2017

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Business > Asia > India
India tries to stem panic after notes withdrawn
India's government tried to quell the panic Wednesday caused by a bombshell decision to withdraw 500 and 1,000 rupee notes from circulation after cash machines ran dry and shares slid.
 
May lays groundwork for post-Brexit India pact
Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday for a potential post-Brexit deal with India, the world's fastest growing major economy.
 
Indians have declared almost US$10 billion in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi's moves to crack down on huge piles of black money.
 
In India, the world's fastest-growing economy where millions still live in poverty, the remuneration of chief executive officers (CEOs) in top companies is going up. In fact, they are likely to be earning double of what they were paid just two years ago.
 
India's outgoing central bank chief Raghuram Rajan warned countries against a rush to low interest rates as his tenure as governor of the Reserve Bank of India came to an end.
 
Fashion in the field
A Garo tribal woman walks past a paddy field in Tura, in the northeastern Indian state of Meghalaya, Saturday, Sept. 3. More than 70 percent of India's 1.25 billion citizens are engaged in agriculture.
 
Tens of millions in India strike for higher wages
Millions of public sector workers went on strike across India Friday protesting against Prime Minister Narendra Modi's plans for greater privatization and a proposed minimum wage hike they say is inadequate.
 
Gas vehicle
A Kashmiri man pushes his bicycle carrying a cooking gas cylinder as it rains in Srinagar, Indian-controlled Kashmir, Sunday, Aug. 28. The area's development has been held back by years of conflict, which has intensified in recent weeks.
 
An India-backed company planning to build a massive coal mine in Australia welcomed a court's decision Monday to dismiss a legal challenge raising environmental concerns over the project's impact on the Great Barrier Reef.
 
Prime Minister Narendra Modi said India was becoming the world's most attractive destination for foreign investors Monday, using his annual Independence Day speech to trumpet sweeping tax reforms designed to spur growth.
 
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