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The Indian economy, unlike in 2013, is not vulnerable now to the possible move by the US Federal Reserve (Fed) to taper its loose monetary policy, even as oil and gold may bring down the country’s balance of payments (BoP) position, say finance ministry officials. More on the story in our top headlines this morning.
Aircraft leasing companies hit tax air pocket over SpiceJet dues
The world’s biggest aircraft leasing companies have hit a snag in India, with tax authorities resisting efforts to repossess aircraft they had leased to low-cost airline SpiceJet due to the carrier’s unpaid goods and services
