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Dec 24, 2012

India clamps down on gang-rape protests, PM appeals for calm

NEW DELHI, Dec 24 (Reuters) – Indian authorities throttled
movement in the heart of the capital on Monday, shutting roads
and railway stations in a bid to restore law and order after
police fought pitched battles with protesters enraged by the
gang rape of a young woman.

In an unusual televised address, Prime Minister Manmohan
Singh called for calm following the weekend clashes in New Delhi
and vowed to punish the rapists for their “monstrous” crime.

Dec 23, 2012

India’s gang-rape protesters defy moves to quell outrage

NEW DELHI, Dec 23 (Reuters) – The Indian government moved on
Sunday to stamp out protests that have swelled in New Delhi
since the gang-rape of a young woman, banning gatherings of more
than five people, but still thousands poured into the heart of
the capital to vent their anger.

Police used tear gas and batons to hold crowds back from
marching on the president’s palace, just as they did the day
before. About 30 to 35 people, including a few policemen, were
being treated at a nearby hospital for injuries, two doctors
said.

Dec 23, 2012

India moves to quell gang-rape protests, but crowds build again

NEW DELHI (Reuters) – The Indian government moved on Sunday to stamp out protests that have swelled in New Delhi since the gang-rape of a young woman, banning gatherings of more than five people, but still thousands poured into the heart of the capital to vent their anger.

Police in riot gear used tear gas and batons to hold crowds back from marching on the presidential palace, just as they did the day before in clashes that media reports said injured more than two dozen protesters.

Dec 23, 2012

Government moves to quell gang-rape protests, but crowds build again

NEW DELHI (Reuters) – The government moved on Sunday to stamp out protests that have swelled in New Delhi since the gang-rape of a young woman, banning gatherings of more than five people, but still thousands poured into the heart of the capital to vent their anger.

Police in riot gear used tear gas and batons to hold crowds back from marching on the presidential palace, just as they did the day before in clashes that media reports said injured more than two dozen protesters.

Dec 17, 2012

India sees deficit challenge due to subsidies and stake sales

NEW DELHI, Dec 17 (Reuters) – India said uncertainty over
stake sales in state-run companies and soaring subsidies pose a
challenge to reducing the fiscal deficit, which is the widest
among big emerging economies and has put in peril the country’s
investment grade credit rating.

In a mid-year economic review presented in parliament on
Monday, the government also pared its official growth forecast
to between 5.7 and 5.9 percent for the current financial year,
which ends in March 2013, from the 7.6 percent it had estimated
this past March.

Dec 12, 2012

India’s industrial output soars

NEW DELHI (Reuters) – A big surge in manufacturing output pushed India’s industrial growth to its highest in more than a year in October, a sign that Asia’s third largest economy may have turned a corner that strengthens the central bank’s case against a rate cut.

The Reserve Bank of India (RBI) has kept interest rates on hold since April because of stubborn inflation, defying calls from business and politicians for help in fighting a slump that has dragged the economy toward its slowest growth in a decade.

Dec 12, 2012

India’s industrial output soars in October, inflation jumps

NEW DELHI, Dec 12 (Reuters) – A big surge in manufacturing
output pushed India’s industrial growth to its highest in more
than a year in October, a sign that Asia’s third largest economy
may have turned a corner that strengthens the central bank’s
case against a rate cut.

The Reserve Bank of India (RBI) has kept interest rates on
hold since April because of stubborn inflation, defying calls
from business and politicians for help in fighting a slump that
has dragged the economy toward its slowest growth in a decade.

Nov 21, 2012

Government triples shareholder limit for LIC

NEW DELHI/MUMBAI (Reuters) – India is to allow state-run Life Insurance Corp (LIC) to triple the maximum stake it can hold in other companies to 30 percent in a move seen as helping a government sell-off of its own holdings in a range of firms.

India plans to raise 300 billion rupees via share sales in private companies by the end of March next year, a crucial part of efforts to contain a widening fiscal deficit.

Nov 21, 2012

India triples shareholder limit for state insurer

NEW DELHI/MUMBAI, Nov 21 (Reuters) – India is to allow
state-run Life Insurance Corp (LIC) to triple the maximum stake
it can hold in other companies to 30 percent in a move seen as
helping a government sell-off of its own holdings in a range of
firms.

India plans to raise 300 billion rupees ($5.45 billion) via
share sales in private companies by the end of March next year,
a crucial part of efforts to contain a widening fiscal deficit.

Nov 17, 2012

Exclusive: Officials concede deficit target looks doubtful

NEW DELHI (Reuters) – India will struggle to meet its already swollen deficit target this year after a dismal response to this week’s auction of mobile phone licences and a battle to sell stakes in state companies, finance ministry officials privately concede.

Global rating agencies have threatened to downgrade India’s sovereign credit rating to junk if it fails to put its fiscal house in order.

    • About Arup

      "I cover India's economic policies, and the people behind them, out of New Delhi. I also write on defence matters affecting the world's largest arms importer and contribute to the political and general file. I started my career with the Reuters Bangalore bureau in 2008."
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