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'Key legislative and economic reforms passed by Modi govt'

The Narendra Modi government has been able to push through a number of key economic and legislative reforms in India, but everybody is not happy about it as expectations are very high and many items on the wish list are still pending, a visiting opposition MP has said.

India saves $1.8 bn on fertiliser subsidies, but no reform planned

India could save about $1.8 billion on fertilizer subsidies this year thanks to low energy prices but Prime Minister Narendra Modi`s government, two sources said, has no plans to remove price controls, a reform that would risk angering farmers.

HSBC sees several positives for market; overweight on India

HSBC on Monday said it is "overweight" on India and the government's reform momentum is likely to drive positive news flow for the market.

Indo-US ties moving away from buyer-seller cooperation: PM

An upbeat Prime Minister Manmohan Singh today said steps have been taken to expand the Indo-US ties and move away from a buyer-seller cooperation to joint development and production in the field of defence.

Overseas bonds a better tool to salvage rupee, says Barclays

Calling for more reform measures to stem the rupee free fall, Barclays Capital today said an offshore bond issuance could be the most potent near-term option to support the Indian currency.