Exclusive: Japan in driver’s seat for Indian bullet train deals

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NEW DELHI/TOKYO (Reuters) – Japanese steel and engineering companies are in the driver’s seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi’s economic policy – a push to ‘Make in India’.

Source:: Exclusive: Japan in driver’s seat for Indian bullet train deals

      

India will need at least $125 billion to fund renewables dream: government official

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NEW DELHI (Reuters) – India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.

Source:: India will need at least $125 billion to fund renewables dream: government official

      

Government cuts extra borrowing but markets still nervous

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MUMBAI/NEW DELHI (Reuters) – India has cut its additional market borrowing requirement for the current fiscal year by 60 percent after reviewing trends in revenue receipts and expenditure patterns, the finance ministry said on Wednesday, sending bond yields sharply lower.

Source:: Government cuts extra borrowing but markets still nervous

      

India cuts 2017/18 extra market borrowing needs by 60 percent to $3.1 billion: official

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NEW DELHI (Reuters) – India has cut its additional market borrowing requirement by more than half for the fiscal year ending in March to 200 billion rupees ($3.13 billion), Economics Affairs Secretary S.C. Garg said on twitter.

Source:: India cuts 2017/18 extra market borrowing needs by 60 percent to $3.1 billion: official