Bloomberg India’s Supreme Court put on hold the implementation of three controversial farm laws, a setback for Prime Minister Narendra Modi’s administration. A three-judge bench headed by Chief Justice of India Sharad A. Bobde also formed a panel to facilitate talks with tens of thousands of farmers staging protests on the outskirts of the national capital for nearly two months. ...

Bloomberg India’s central bank expects banks’ bad-loan ratios to almost double this year and warned that soaring markets and a weakened economy threaten financial stability. The Reserve Bank of India (RBI) forecasts non-performing assets will rise to 13.5% of total advances by the end of September from 7.5% a year ago, according to its semiannual Financial Stability Report. If the ...

Bloomberg India will seek to narrow its budget deficit next financial year, amid expectations of improved revenue collections and economic rebound, according to Standard Chartered Bank Plc. Finance Minister Nirmala Sitharaman will likely target fiscal deficit — the gap between income and expenditure — at 5.3% of gross domestic product in the budget for the year starting April 1, the ...