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May, 1, 2016

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Business > Asia > India
India's market regulator Saturday announced a clampdown on "willful defaulters" as the government tackles mounting bad bank loans, days after tycoon Vijay Mallya left the country owing more than US$1 billion.
 
U.S. seed giant Monsanto has threatened to pull its genetically modified crop technology from India if the government goes ahead with its plan to cut the company's royalty fees.
 
Indian gov't unveils plan to double farmer incomes
India pledged Monday to invest billions of dollars to improve the lives of farmers and boost the rural economy, drive consumer demand and stimulate growth.
 
Some 7 million Indians work in the Gulf countries in everything from banking to construction and real estate. Annually, they send a staggering US$40 billion back home. Thus the economic impact of cutbacks in the Gulf will be substantial, particularly on the southern state of Kerala which has more than 2.5 million people working in the region.
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Air travel booms in India, strains creaky infrastructure
Lightson Ngashangva still remembers the long train journeys followed by interminable bus rides each summer when he went home from New Delhi to his village in India's remote northeast.
 
Massive fire breaks out at investment event in Mumbai with no casualties
A massive fire broke out an event in Mumbai meant to showcase India as an attractive destination for billions of dollars of foreign investment.
 
India's government has essentially banned a Facebook program that sought to connect with low-income residents by offering free access to a limited version of the social network and other Internet services.
 
India notched up its billionth cellphone subscriber in October, the country's telecoms regulator said, underscoring the importance of its fast-growing mobile market, the world's second-largest after China.
 
Cow dung patties selling like hot cakes online in India
Like consumers around the globe, Indians are flocking to the online marketplace in droves these days. But there's one unusual item flying off the virtual shelves: Online retailers say cow dung patties are selling like hot cakes.
 
Dreaming of energy security, India pumps desert oil
The deserts of Rajasthan may be the showcase for India's solar revolution but the oil explorer that struck gold beneath the same sands insists the country needs to pump out more fossil fuels to wean itself off imports.
 
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