Douglas's Feed
May 27, 2015

Germany lobbies India to buy Eurofighters, submarines

NEW DELHI (Reuters) – Germany’s defense minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project.

Prime Minister Narendra Modi, who has just marked his first year in office, cut through an impasse over a troubled tender for high-end combat jets by announcing a deal in France last month to buy 36 Rafales from Dassault.

May 7, 2015

Special report: Survivors battle for helicopters near Nepal village that vanished

DHUNCHE, Nepal (Reuters) – It was three foreign trekkers who used their satellite telephone to call the rescue helicopter that landed in Nepal’s Langtang Valley around midday on Tuesday, April 28. Three days earlier, a 7.8 magnitude earthquake had triggered a catastrophic landslide that buried hundreds of people in one village in the valley.

But villagers clung to the chopper’s landing skids, preventing it from taking off, witnesses said. They then led the uninjured foreign trekkers out of the aircraft and carried injured Nepalis aboard, including a toddler with broken legs, at a rescue in another village, Kyanjin Gompa.

May 7, 2015

Survivors battle for helicopters near Nepal village that vanished

DHUNCHE, Nepal, May 7 (Reuters) – It was three foreign
trekkers who used their satellite telephone to call the rescue
helicopter that landed in Nepal’s Langtang Valley around midday
on Tuesday, April 28. Three days earlier, a 7.8 magnitude
earthquake had triggered a catastrophic landslide that buried
hundreds of people in one village in the valley.

But villagers clung to the chopper’s landing skids,
preventing it from taking off, witnesses said. They then led the
uninjured foreign trekkers out of the aircraft and carried
injured Nepalis aboard, including a toddler with broken legs, at
a rescue in another village, Kyanjin Gompa.

Apr 29, 2015

U.S. asks India, other to go slow in boosting trade ties with Iran

NEW DELHI (Reuters) – The United States wants India and other countries to wait for a final nuclear deal between Tehran and world powers before actively engaging with Tehran, U.S. Under Secretary Wendy Sherman said on Wednesday.

“I would say ‘hold your horses’. We are not quite to an agreement yet,” Sherman said, referring to India and other buyers of Iranian oil that want to increase their trade ties with Tehran.

Apr 29, 2015

RBI to retain powers to regulate government bonds – Sinha

NEW DELHI (Reuters) – India will not take away the Reserve Bank of India’s (RBI) power to regulate trade in government bonds even as it prepares to remove the central bank’s responsibility for managing public debt, the junior finance minister told Reuters in an interview.

Jayant Sinha’s comments signal a compromise over the biggest regulatory overhaul in a generation, which had become a source of friction between the RBI and the finance ministry.

Apr 28, 2015

Interview – RBI to retain powers to regulate government bonds – Sinha

NEW DELHI (Reuters) – India will not take away the Reserve Bank of India’s (RBI) power to regulate trade in government bonds even as it prepares to remove the central bank’s responsibility for managing public debt, the junior finance minister told Reuters in an interview.

Jayant Sinha’s comments signal a compromise over the biggest regulatory overhaul in a generation, which had become a source of friction between the RBI and the finance ministry.

Apr 28, 2015

India’s central bank to retain powers to regulate government bonds – Sinha

NEW DELHI, April 28 (Reuters) – India will not take away the
Reserve Bank of India’s (RBI) power to regulate trade in
government bonds even as it prepares to remove the central
bank’s responsibility for managing public debt, the junior
finance minister told Reuters in an interview.

Jayant Sinha’s comments signal a compromise over the biggest
regulatory overhaul in a generation, which had become a source
of friction between the RBI and the finance ministry.

Apr 28, 2015

All climbers at camps high up Everest airlifted to safety

NEW DELHI (Reuters) – All of the climbers who had been stranded at camps high up Mount Everest by a huge earthquake and avalanches have been helicoptered to safety, mountaineers reported from base camp on Tuesday.

Taking advantage of Monday’s clear weather, three helicopters shuttled climbers all day from camp 1, above the impassable Khumbu icefalls, while others trekked back from camp 2 to be airlifted out.

Apr 27, 2015

After quake and avalanche, Everest climber not yet ready to quit

NEW DELHI, April 27 (Reuters) – Climber Nick Cienski has not
given up on his world record bid to scale six 8,000-metre peaks
this calendar year, despite narrowly escaping a huge avalanche
on Mount Everest on Saturday set off by an earthquake that
killed thousands of people in Nepal.

The avalanche unleashed by the 7.9 magnitude quake blew
tents, people and gear hundreds of feet, only just missing his
team, the Canadian told Reuters on Monday by satellite telephone
from base camp.

Apr 16, 2015

Fighter jet makers eye Indian riches after scaled-back French deal

NEW DELHI, April 16 (Reuters) – Foreign fighter jet makers
see a multi-billion dollar opportunity in India’s decision to
scale back purchases of high-end aircraft from France, which may
free up cash in the world’s largest arms importer to buy a new
fleet of mid-range planes.

Prime Minister Narendra Modi announced last week that India
would buy 36 French Rafale jets for an estimated $4.3 billion,
in effect ending talks on a larger deal for 126 planes that
would have sucked up some $20 billion and locked rivals out of
the market for a generation.