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India tax amnesty draws $9.8bn in asset declarations

A four-month amnesty for tax evaders in India has resulted in the declaration of hidden assets worth nearly $10bn, the government has said, as it seeks to fulfil an election…

Tax change threatens India-Mauritius tie

©Bloomberg An imposing 12-storey building opposite the cathedral in the heart of Port Louis, the capital of Mauritius, is best known as the home of its stock exchange and several…

Tax change threatens close ties between India and Mauritius

An imposing 12-storey building opposite the cathedral in the heart of Port Louis, the capital of Mauritius, is best known as the home of its stock exchange and several government…

India gains further ground in competitiveness stakes, says WEF

India, an investor darling since the election of prime minister Narendra Modi in 2014, has risen sharply up the World Economic Forum’s Global Competitiveness index for the second year running.…

Datawatch: Modi remains popular

About two-thirds of Indians are satisfied with the direction of the country, up from less than a third in 2013. An even higher proportion is happy about the state of…

Guarded optimism beats gloom

©Bloomberg The world’s leaders meet in Washington next month but statistics need not tell a pessimistic story When the world’s leading policymakers gather in Washington next month, we will hear…

Guarded optimism beats gloom for emerging economies

When the world’s leading policymakers gather in Washington next month, we will hear a lot about the gloomy global outlook. There will be talk of economic threats from tortured US…

Bank of Amy loans expose India’s future

©Reuters Something unexpected has happened over the past few years. Inadvertently, and reluctantly, I became one of India’s many unregulated moneylenders. At its peak, the Bank of Amy had a…

What my loan portfolio tells us about the future of India

Something unexpected has happened over the past few years. Inadvertently, and reluctantly, I became one of India’s many unregulated moneylenders. At its peak, the Bank of Amy had a portfolio…

Reforms will go on, vows RBI’s Rajan

©Reuters When Raghuram Rajan took the helm of the Reserve Bank of India three years ago, India had a plummeting currency, galloping inflation and a soaring current account deficit —…