Frank Jack's Feed
Jul 25, 2014

India threatens to derail WTO deal, prompts angry U.S. rebuke

NEW DELHI/GENEVA (Reuters) – India threatened on Friday to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a U.S. warning that its demands could kill global trade reform efforts.

Diplomats from the 160 World Trade Organization member countries meeting in Geneva had been meant to rubber stamp a deal on “trade facilitation” that was agreed at talks in Bali last December in the WTO’s first ever global trade agreement.

Jul 25, 2014

India seeks ‘visible outcomes’ on food subsidies as WTO deadline looms

NEW DELHI (Reuters) – India will find it difficult to support new global customs rules without “an assurance and visible outcomes” that a permanent solution is being negotiated over its concerns about public food stockholdings, the trade minister said on Friday.

Diplomats from the 160 World Trade Organisation member countries were supposed to rubber stamp a deal on “trade facilitation” on Thursday that was agreed at talks in Bali last December in the WTO’s first ever global trade agreement.

Jul 9, 2014

First budget test of India Modi’s reform mettle

NEW DELHI, July 10 (Reuters) – India’s Prime Minister
Narendra Modi faces the first major test of his reform
credentials on Thursday, when his fresh-faced government
presents its maiden budget amid early doubts about his
willingness to make unpopular decisions.

Modi, 63, won a landslide general election victory in May
with a pledge to boost growth and create jobs for the 1 million
people who enter India’s workforce every month.

Jun 29, 2014

Eyes on defence deals, Western powers rush to court Modi

NEW DELHI (Reuters) – Western governments are rushing to visit new Prime Minister Narendra Modi, drawn by the prospect of multi-billion-dollar deals as the government prepares to open the nascent defence industry to foreign investment.

Senior politicians from France, the United States and Britain arrive over the next few weeks as Modi prepares to accelerate the modernisation of the country’s mostly Soviet-era weaponry.

Jun 29, 2014

Eyes on defence deals, Western powers court Modi

NEW DELHI (Reuters) – Western governments are rushing to visit Prime Minister Narendra Modi, drawn by the prospect of multi-billion-dollar deals as the Indian government prepares to open the nascent defence industry to foreign investment.

Senior politicians from France, the United States and Britain arrive in quick succession over the next 10 days as Modi prepares to accelerate the modernisation of the country’s mostly Soviet-era weaponry.

Jun 29, 2014

Eyes on defence deals, Western powers rush to court India’s Modi

NEW DELHI, June 29 (Reuters) – Western governments are
rushing to visit India’s new Prime Minister Narendra Modi, drawn
by the prospect of multi-billion-dollar deals as the government
prepares to open the nascent defence industry to foreign
investment.

Senior politicians from France, the United States and
Britain arrive in quick succession over the next 10 days as Modi
prepares to accelerate the modernisation of the country’s mostly
Soviet-era weaponry.

Jun 26, 2014

India’s new government accused of interfering with judicial independence

NEW DELHI (Reuters) – India’s new prime minister, Narendra Modi, faces accusations his government ran a campaign to block the appointment of a Supreme Court judge it believed was biased against it, fuelling a debate about judicial independence in the world’s largest democracy.

Gopal Subramanium, a former solicitor-general who was invited in May to join the court, accused the government of undermining his appointment through malicious leaks to the media because of his involvement in murder cases brought against a key aide of Modi.

Jun 26, 2014

New government accused of interfering with judicial independence

NEW DELHI (Reuters) – Prime Minister Narendra Modi faces accusations his government ran a campaign to block the appointment of a Supreme Court judge it believed was biased against it, fuelling a debate about judicial independence in the world’s largest democracy.

Gopal Subramanium, a former solicitor-general who was invited in May to join the court, accused the government of undermining his appointment through malicious leaks to the media because of his involvement in murder cases brought against a key aide of Modi.

Jun 18, 2014

Forty Indian construction workers kidnapped in Iraq

NEW DELHI (Reuters) – Unknown assailants have kidnapped 40 Indian construction workers from Iraq’s second largest city of Mosul, which fell to Sunni insurgents last week, India’s foreign ministry said on Wednesday.

The identity of the kidnappers and the whereabouts of the workers is unknown, foreign ministry spokesman Syed Akbaruddin told a news briefing. No ransom demand has been received.

Jun 9, 2014

Government sets out investor-friendly reform agenda

NEW DELHI (Reuters) – The new government will pursue a broad economic reform agenda focused on job creation through public and private investment that makes containing inflation its top priority, President Pranab Mukherjee told parliament on Monday.

The president told lawmakers elected in Prime Minister Narendra Modi’s landslide victory last month that the government would introduce a general sales tax, encourage foreign investment and speed up approvals for major business projects. It would also tackle bottlenecks that make India’s food inflation the highest among major economies.