India is ratcheting up the pressure on state-controlled companies to spend their hoards of cash. Businesses such as Coal India Ltd have been told to step up outlays on major investments to boost the economy. The pace of such capital expenditure will be reviewed more frequently.
Modi taps RM69 bil cash hoard as he chases China
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India is ratcheting up the pressure on state-controlled companies to spend their hoards of cash. Businesses such as Coal India Ltd have been told to step up outlays on major investments to boost the economy, two government officials with knowledge …
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