Indian Finance Minister
Nirmala Sitharaman on Saturday unveiled the budget for fiscal
2020/21, vowing to boost income of Indians and their purchasing
power, in a bid to revive domestic economic growth.
The Indian government on Saturday
announced its plans to divest a part of its stake in Life
Insurance Corp (LIC) in a move that could result in the partial
listing of the country's largest insurance company.
The Lebanese government has
received a central bank circular aimed at regulating
relationships between banks and their customers and will study
and decide on it within days, Finance Minister Ghazi Wazni told
broadcaster LBC on Saturday.
Malaysia's anti-graft agency
is investigating allegations by Britain's Serious Fraud Office
that Airbus sponsored a sports team owned by executives
of Malaysia-based AirAsia while negotiating airplane orders, it
said on Saturday.
Indian shares fell on Saturday
to their lowest closing level in more than three months after
the annual federal budget failed to address key concerns among
investors over taxes on long-term capital gains.
India's nominal growth projection
and fiscal deficit target for 2020-21 will be challenging to
achieve, a Moody's analyst said on Saturday, after the
government presented a federal budget to boost economic growth.
Financial regulators in
Guangdong province in southern China, Chengdu and Beijing have
unveiled detailed measures to support firms hit by the
coronavirus outbreak amid worries about a sharper economic