Foreign investors are cutting their holdings in India’s state-controlled companies to a three-year low as Prime Minister Manmohan Singh’s government sacrifices shareholder return to revive the weakest economy in nine years.
India's finance minister, the veteran politician Pranab Mukherjee, 76, tendered his resignation last week after three years in office. This was his second term in that post -- he first served from 1982 to 1984 -- an extraordinary feat of political endurance, as well as a study in contrasts between the challenges of running the economy in pre- and post-liberalization India.
Vedanta Resources Plc ’s $8.5 billion aluminum expansion plan in India is in “serious” breach of forestry laws and a decision on the project may be taken as early as tomorrow, the Environment Ministry said.
United Nations climate talks in Mexico are moving away from a global treaty, and nations should focus more on what they can be doing domestically to prevent climate change, India’s environment minister said.
India plans to quantify the cost of environmental damage to the economy when reporting gross domestic product figures within five years, an initiative it will encourage other governments to follow at the climate talks in Mexico.