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By Nimesh Vora and Dharamraj Dhutia MUMBAI (Reuters) – India’s government bonds will gradually become a part of JPMorgan’s widely tracked emerging market debt index, beginning on Friday. The announcement of the change was made in September, setting the stage for billions of dollars to flow into the world’s fifth-largest economy. Here are five things …

Five things to know as India enters JPMorgan EM debt index Read More »

By Manoj Kumar NEW DELHI (Reuters) – India plans to expand production linked incentives (PLI) to small textile firms soon, part of efforts to increase garment exports to $50 billion by 2030, the federal textile minister said on Tuesday. The government introduced incentives for the textile sector in 2021, and has so far approved 64 …

India plans to expand production-linked incentives for small textile firms: minister Read More »

MOSCOW (Reuters) – Russia and India are preparing a visit to Russia by Indian Prime Minister Narendra Modi, Russian state news agency RIA quoted a Kremlin aide as saying on Tuesday. RIA quoted a diplomatic source as saying Modi may visit in July. The Kremlin said in March that Modi had an open invitation to …

India’s Modi may visit Russia in July, Russian state news agency says Read More »

By Jaspreet Kalra MUMBAI (Reuters) – Usage of India’s digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several countries have experienced in trying to generate public support for digital currencies. The Reserve Bank of India started a pilot for the e-rupee, …

India digital currency transactions slump after reaching initial central bank target, sources say Read More »

By Siddhi Nayak MUMBAI (Reuters) -India’s central bank has appointed a director on the board of Bandhan Bank, the private lender said in a notification to exchanges late on Monday. Arun Kumar Singh, a chief general manager at the Reserve Bank of India, will act as additional director of Bandhan Bank for one year from …

India cenbank appoints director on Bandhan Bank’s board Read More »

MUMBAI/BENGALURU (Reuters) -India’s worsening water shortage, triggered by high consumption amid rapid economic growth and frequent natural disasters, can negatively impact the South Asian nation’s sovereign credit strength, Moody’s Ratings said on Tuesday. Millions of Indians face water shortages every summer when water demand rises in farms, offices and homes against a limited supply, but …

Worsening water crisis can weigh on India’s sovereign credit strength, Moody’s says Read More »