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Indian opposition leader Kejriwal gets further detention in graft case

1 Apr 2024

By Sakshi Dayal NEW DELHI (Reuters) -An Indian court renewed detention on Monday for key opposition leader Arvind Kejriwal until April 15 in a graft case, his lawyers said, less than three weeks before voting begins in general elections. In a move that sparked protests last month, India’s financial crime-fighting agency arrested Kejriwal, the chief …

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India cenbank’s new FX derivative rules unchanged, say exchange circulars

1 Apr 2024

(Reuters) – India’s National Stock Exchange of India Ltd and BSE Ltd on Monday issued circulars to brokers reaffirming the central bank’s latest currency derivative rules, which traders fear will hurt volumes in the market. The rules were first issued by the Reserve Bank of India in a Jan. 5 circular and required exchange-traded rupee …

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India puts on hold proposed hike in road toll charges as elections approach

1 Apr 2024

By Manoj Kumar NEW DELHI (Reuters) – India on Monday put on hold a proposed hike in road toll charges, in a move that will be welcomed by millions of motorists, truckers and commercial vehicle owners just ahead of a general election. The annual hike in road toll charges would have benefited highway operators like …

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India’s opposition Congress gets breather from $420 million tax payment until after elections

1 Apr 2024

NEW DELHI (Reuters) – India’s Income Tax department will not pursue a 35-billion rupee ($420 million) payment from the main opposition Congress party until after the completion of general elections in June, the department told the country’s top court on Monday. The tax department’s decision is seen as a breather for the Congress, which has …

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Four killed as sudden heavy rain lashes east Indian state

31 Mar 2024

By Subrata Nag Choudhury CALCUTTA, India (Reuters) – Sudden heavy rainfall and stormy winds lashed parts of India’s eastern state of West Bengal on Sunday, killing four and injuring several others, as per a local official, prompting evacuation efforts. The storm hit Jalpaiguri district of West Bengal and damaged houses, uprooted trees, disrupted transport and …

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Cricket-Willey exits IPL citing personal reasons, Henry joins Lucknow

30 Mar 2024

NEW DELHI (Reuters) – English left-arm seamer David Willey has withdrawn from the ongoing Indian Premier League (IPL) due to personal reasons and will be replaced by New Zealander Matt Henry at Lucknow Super Giants, the league organisers said on Saturday. Willey quit international cricket after the 50-overs World Cup in India last year and …

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India’s Congress bemoans ‘tax terrorism’ after second tax notice

29 Mar 2024

By Shilpa Jamkhandikar MUMBAI (Reuters) -India’s main opposition party said on Friday it had been asked to pay an additional 18.2 billion rupees ($218 million) in taxes, which it called an attempt by the tax department to financially cripple it weeks before a national parliamentary election. Calling the latest notice from the Income Tax Department …

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