Posted inChina, India, South Asia, World

India bonds bridle at pre-election budget bid

While Indian stocks paused after a 40% jump over the past year on Finance Minister Arun Jaitley’s new budget presentation ahead of 2019 elections, particularly on the planned resumption of a 10% long-term capital-gains tax eliminated a decade ago, the bond market reeled over the acknowledged worsening of India’s fiscal deficit and uncertainty over the […]

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