Frank Jack's Feed
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.

Aug 13, 2013

As Afghanistan endgame looms, a deadly edge to India-Pakistan rivalry

BARAMULLA/NEW DELHI (Reuters) – Pakistan-based militants are preparing to take on India across the subcontinent once Western troops leave Afghanistan next year, several sources say, raising the risk of a dramatic spike in tensions between nuclear-armed rivals India and Pakistan.

Intelligence source in India believe that a botched suicide bombing of an Indian consulate in Afghanistan, which was followed within days last week by a lethal cross-border ambush on Indian soldiers in disputed Kashmir, suggest that the new campaign by Islamic militants may already be underway.

Aug 13, 2013

Insight: As Afghanistan endgame looms, a deadly edge to India-Pakistan rivalry

BARAMULLA/NEW DELHI, India (Reuters) – Pakistan-based militants are preparing to take on India across the subcontinent once Western troops leave Afghanistan next year, several sources say, raising the risk of a dramatic spike in tensions between nuclear-armed rivals India and Pakistan.

Intelligence source in India believe that a botched suicide bombing of an Indian consulate in Afghanistan, which was followed within days last week by a lethal cross-border ambush on Indian soldiers in disputed Kashmir, suggest that the new campaign by Islamic militants may already be underway.

Jul 10, 2013

In Pakistan, army adamant on fighting the other Taliban

KALAM, Pakistan (Reuters) – In the past few years, Pakistan’s Swat valley has been occupied by Islamic insurgents, undergone a bruising counter-offensive by the army and then flooded by waters that washed away acres of fruit orchards and steeply terraced fields.

In October last year, the valley which lies about 250 km (155 miles) north of the capital Islamabad was again in the global spotlight when Islamic gunmen shot schoolgirl Malala Yousafzai.

Jul 9, 2013

India looks to US in struggle to boost FDI, revive rupee

NEW DELHI (Reuters) – Finance Minister P Chidambaram is in the United States this week to drum up investment from the likes of Lockheed Martin, leaving behind a cabinet far from convinced about his plans to revive the economy and a record low rupee.

Chidambaram won investor approval last year for plans to rein in fiscal deficit but he is struggling to push through proposals to relax rules on foreign direct investment (FDI) in defence, telecoms, pharmaceuticals and retail.

Jul 9, 2013

India looks to U.S. in struggle to boost FDI and revive rupee

NEW DELHI, July 9 (Reuters) – India’s finance minister is in
the United States this week to drum up investment from the likes
of Lockheed Martin, leaving behind a cabinet far from convinced
about his plans to revive the economy and a record low rupee.

The minister, P Chidambaram, won investor approval last year
for plans to rein in India’s fiscal deficit but he is struggling
to push through proposals to relax rules on foreign direct
investment (FDI) in defence, telecoms, pharmaceuticals and
retail.

Jul 3, 2013

India launches huge cheap food scheme

NEW DELHI (Reuters) – The government launched a $22 billion welfare scheme on Wednesday to give cheap food to hundreds of millions of people, a centrepiece of the ruling Congress party’s plan to win a third term in elections due by May 2014.

The minority government sidestepped the unruly parliament and resorted to an executive order to implement the programme, hoping to take the credit for a vote-winning plan.

Jul 3, 2013

With eye on election, India launches huge cheap food scheme

NEW DELHI (Reuters) – The Indian government launched a $22 billion welfare scheme on Wednesday to give cheap food to hundreds of millions of people, a centerpiece of the ruling Congress party’s plan to win a third term in elections due by May 2014.

The minority government sidestepped India’s unruly parliament and resorted to an executive order to implement the program, hoping to take the credit for a vote-winning plan.