Bloomberg India’s central bank and the federal government have urged the nation’s Supreme Court to reject pleas by borrowers to extend a loan repayment holiday. The Reserve Bank of India (RBI) and the government filed their written views following an order by the court, saying the measures announced so far to increase liquidity and lower borrowing costs are having a …

Bloomberg China will maintain “normal” monetary policy for as long as possible, according to the People’s Bank of China Governor Yi Gang. Policy makers plan to encourage a “reasonable” increase in household savings and incomes, Yi wrote in an article published on Saturday in the central bank’s biweekly magazine China Finance. The country will also make sure its liquidity stays …

Bloomberg Google said it’s within reach of negotiating a compromise on legislation that would force it to pay for Australian news, as the US giant continues a public campaign to get the proposed law watered down. The Australian government has drafted a world-first code to make Google and Facebook Inc. compensate publishers for the value their stories generate for the …