Frank Jack's Feed
Sep 9, 2013

Killing the goose: Why Indian exports need more than a cheap rupee

NEW DELHI, Sept 10 (Reuters) – The upside of the Indian
rupee’s slump is an export boom that sets the economy straight,
right? Wrong.

Prime Minister Manmohan Singh echoed classical economic
theory when he told parliament last month that the
plunging rupee, which has lost 18 percent against the dollar
since selling pressure picked up in May, would spur exports and
discourage imports.

Aug 30, 2013

Singh fights for ‘reformer’ legacy as economy totters

NEW DELHI (Reuters) – Prime Minister Manmohan Singh fought for his reputation as the architect of India’s economic reforms on Friday, insisting that the current growth and currency crunch was no repeat of the 1991 balance of payments crisis that made him a household name.

An economist by training, Singh’s long political career has been book-ended by crises.

Aug 30, 2013

India’s Singh fights for “reformer” legacy as economy totters

NEW DELHI, Aug 30 (Reuters) – Prime Minister Manmohan Singh
fought for his reputation as the architect of India’s economic
reforms on Friday, insisting that the current growth and
currency crunch was no repeat of the 1991 balance of payments
crisis that made him a household name.

An economist by training, Singh’s long political career has
been book-ended by crises.

Aug 30, 2013

Indian PM Singh says economy can weather rupee storm

NEW DELHI/MUMBAI (Reuters) – India’s prime minister sought to quell talk of currency crisis on Friday, after the rupee plumbed record lows as it notched its biggest ever monthly fall, but there was no word of sweeping reforms needed to restore investor confidence.

Weak economic growth, a record high current account deficit and concerns about the government’s finances are proving a toxic mix for the rupee, which hit a record low of 68.85 to the dollar on Wednesday after falling 20 percent since May.

Aug 30, 2013

Indian Prime Minister Singh says economy can weather rupee storm

NEW DELHI/MUMBAI (Reuters) – India’s prime minister sought to quell talk of currency crisis on Friday, after the rupee plumbed record lows as it notched its biggest ever monthly fall, but there was no word of sweeping reforms needed to restore investor confidence.

Weak economic growth, a record high current account deficit and concerns about the government’s finances are proving a toxic mix for the rupee, which hit a record low of 68.85 to the dollar on Wednesday after falling 20 percent since May.

Aug 30, 2013

PM Singh highlights bright side of crashing rupee

NEW DELHI (Reuters) – Prime Minister Manmohan Singh sought to soothe worries about the economy on Friday, telling parliament that the crashing value of the rupee was part of a needed adjustment that would make Asia’s third-largest economy more competitive.

The speech was the veteran economist’s first substantial comment to parliament since the rupee suffered its steepest ever monthly fall in recent weeks, bringing back memories of a 1991 balance of payments crisis that made Singh famous.

Aug 30, 2013

India’s Singh highlights bright side of crashing rupee

NEW DELHI (Reuters) – Prime Minister Manmohan Singh sought to soothe worries about the Indian economy on Friday, telling parliament that the crashing value of the rupee was part of a needed adjustment that would make Asia’s third-largest economy more competitive.

The speech was the veteran economist’s first substantial comment to parliament since the rupee suffered its steepest ever monthly fall in recent weeks, bringing back memories of a 1991 balance of payments crisis that made Singh famous.

Aug 30, 2013

India PM highlights bright side of crashing rupee

NEW DELHI (Reuters) – Prime Minister Manmohan Singh sought to soothe worries about the Indian economy on Friday, telling parliament that the crashing value of the rupee was part of a needed adjustment that would make Asia’s third-largest economy more competitive.

The speech was the veteran economist’s first substantial comment to parliament since the rupee suffered its steepest ever monthly fall in recent weeks, bringing back memories of a 1991 balance of payments crisis that made Singh famous.

Aug 19, 2013

In Kashmir, angry youth flirt with armed militancy

SRINAGAR, India (Reuters) – Ishfaq first threw a rock at an Indian policeman six years ago. Now he’s thinking about arming himself with a gun.

The 21-year-old is the human face of a trend that is worrying security sources, politicians and a rights group spoken to by Reuters – the revival of violent anti-Indian sentiment among the Kashmir Valley population just as New Delhi fears a renewed onslaught from Pakistan-based militants.

Aug 19, 2013

In Indian Kashmir, angry youth flirt with armed militancy

SRINAGAR, India (Reuters) – Ishfaq first threw a rock at an Indian policeman six years ago. Now he’s thinking about arming himself with a gun.

The 21-year-old is the human face of a trend that is worrying security sources, politicians and a rights group spoken to by Reuters – the revival of violent anti-Indian sentiment among the Kashmir Valley population just as New Delhi fears a renewed onslaught from Pakistan-based militants.