SUBSCRIBERS
Mumbai votes as India's sales tax threatens revenue
Published Tue, Feb 21, 2017 · 09:50 PM
Mumbai
INDIA'S financial hub Mumbai went to the polls on Tuesday to elect a civic administration that will shepherd it through an expected fall in revenue amid the rollout of a national sales tax.
At stake is the municipality's ability to provide better living standards in Mumbai - key to the success of Prime Minister Narendra Modi's plan to compete with the likes of Singapore by offering foreign entrepreneurs residency rights.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April
Eurozone economy rebounds in first quarter, inflation stable in April
The Fed’s quantitative easing programme has cost too much