India hikes spending, shuns ‘outright populism’ in last pre-election budget

Capex to rise 33% to 10 trillion rupees in 2023/24 Govt targets gross borrowing of 15.43 trillion rupees Eyes fiscal deficit of 5.9% in 2023/24, 4.5% by 2025/26 NEW DELHI, Feb 1 (Reuters) – India announced on Wednesday one of its biggest ever increases in capital spending for the next fiscal year to create jobs … Read more

‘Bureaucratic simplifications’, Britain to defy EU with new N. Ireland law

UK to set out legislation on Monday Move risks triggering trade war with EU EU says unilateral action will break international law LONDON, June 13 (Reuters) – Britain will set out plans on Monday to override some of the post-Brexit trade rules for Northern Ireland, changes that will inflame tensions with the European Union but … Read more

EXCLUSIVE Former Amazon India seller says antitrust raid illegally detained employees

Amazon sellers raided in April over suspected favoritism Cloudtail says antitrust body conducted raid illegaly Antitrust body says raid was in line with regulatory process India regulators, foreign enterprises tussle over e-commerce NEW DELHI, June 10 (Reuters) – A former top seller for Amazon (AMZN.O) in India, Cloudtail, has accused India’s antitrust agency of illegally … Read more