India Unveils Rules to Allow 480 Billion Rupees of Tax-Free Debt

India allowed 13 state companies to raise as much as 480 billion rupees ($7.9 billion) selling tax-free bonds this financial year, helping generate funds for infrastructure such as roads, ports and power plants.

In India, undercurrents of optimism about reform

After a storm-tossed six months for the economy, India's authorities are trying to get things back on an even keel.