Frank Jack's Feed
Oct 28, 2013

India opposition urges tighter safety for top candidate Modi after blasts

NEW DELHI (Reuters) – India’s main opposition party demanded on Monday protection for its candidate for prime minister, Narendra Modi, after a series of small blasts killed six people shortly before he addressed a weekend rally.

While Modi was not in the immediate vicinity of any of the blasts in the state of Bihar on Sunday, they were a reminder of India’s bloody political history, that includes the assassination of former prime minister Rajiv Gandhi at an election rally in 1991.

Oct 7, 2013

A billionaire and a ghost trading floor – the tale of Nepal’s paralysis

KATHMANDU, Oct 8 (Reuters) – Nepal’s only billionaire made
his name selling instant noodles. Now he’s got an eye on running
the young Himalayan republic.

Binod Chaudhary, recently valued by Forbes at a billion
dollars, says he would give up business for a shot at governing
one of the world’s poorest countries. But not yet. Nepal’s
politics are just too messy, even for a man who was able to
build a business empire during a civil war.

Oct 7, 2013

EXCLUSIVE: India must tackle higher subsidy spending soon – Chidambaram

NEW DELHI (Reuters) – India must tackle a jump in spending on fuel and food subsidies sooner rather than later, Finance Minister P. Chidambaram said, part of a series of steps aimed at stabilising the economy to be announced ahead of an election due within seven months.

Asia’s third largest economy is suffering its longest and deepest slump in at least a decade. Rating agencies have threatened to downgrade its sovereign debt to “junk” status, and the government is racing to revive growth in a bid to return to power for a third consecutive time.

Oct 7, 2013

Exclusive: India must tackle higher subsidy spending soon – finance minister

NEW DELHI (Reuters) – India must tackle a jump in spending on fuel and food subsidies sooner rather than later, Finance Minister P. Chidambaram said, part of a series of steps aimed at stabilizing the economy to be announced ahead of an election due within seven months.

Asia’s third largest economy is suffering its longest and deepest slump in at least a decade. Rating agencies have threatened to downgrade its sovereign debt to “junk” status, and the government is racing to revive growth in a bid to return to power for a third consecutive time.

Oct 7, 2013

India must tackle higher subsidy spending soon – finance minister

NEW DELHI, Oct 7 (Reuters) – India must tackle a jump in
spending on fuel and food subsidies sooner rather than later,
Finance Minister P. Chidambaram said, part of a series of steps
aimed at stabilising the economy to be announced ahead of an
election due within seven months.

Asia’s third largest economy is suffering its longest and
deepest slump in at least a decade. Rating agencies have
threatened to downgrade its sovereign debt to “junk” status, and
the government is racing to revive growth in a bid to return to
power for a third consecutive time.

Oct 4, 2013

No jobs, no hope, Nepal’s workers head to the Gulf

TELKOT, Nepal (Reuters) – Raju Prasad Lamichhane is thinking of leaving Nepal again to drive trucks in Qatar even though his father died while working there.

“What else can we do? We have no other source of income,” Lamichhane said, sitting with his mother and brother in the half-finished house he started building in Telkot village near Kathmandu with money earned in the Gulf.

Oct 4, 2013

Feature: No jobs, no hope, Nepal’s workers head to the Gulf

TELKOT, Nepal (Reuters) – Raju Prasad Lamichhane is thinking of leaving Nepal again to drive trucks in Qatar even though his father died while working there.

“What else can we do? We have no other source of income,” Lamichhane said, sitting with his mother and brother in the half-finished house he started building in Telkot village near Kathmandu with money earned in the Gulf.

Sep 25, 2013

India-U.S. ties lose shine over economic differences

NEW DELHI, Sept 23 (Reuters) – When India’s Prime Minister
Singh last visited the White House in 2009 he was feted at U.S.
President Barack Obama’s first state dinner, a star-studded
affair that reflected the excitement about blooming ties between
the two big democracies.

Back then, optimists in Washington saw India as a
counterbalance to a rising China and a new engine for the U.S.
economy. In a dinner toast, Obama talked of his “duty” to bring
the two countries closer.

Sep 21, 2013

Before PM’s U.S. trip, India rushes to ready nuclear deal

NEW DELHI (Reuters) – India is making a last-minute push to close a nuclear deal in time for a meeting between U.S. President Barack Obama and Prime Minister Manmohan Singh, who has made atomic energy cooperation with Washington a hallmark of his tenure.

Under the proposed deal, India would contract Toshiba’s (6502.T: Quote, Profile, Research) U.S. nuclear unit Westinghouse for preliminary works, including information sharing, a senior Indian official said. The aim is to build nuclear plants in the state of Gujarat.

Sep 20, 2013

India rushes to ready nuclear deal before Singh’s U.S. trip

NEW DELHI (Reuters) – India is making a last-minute push to close a nuclear deal in time for a meeting between U.S. President Barack Obama and Prime Minister Manmohan Singh, who has made atomic energy cooperation with Washington a hallmark of his tenure.

Under the proposed deal, India would contract Toshiba’s U.S. nuclear unit Westinghouse for preliminary works, including information sharing, a senior Indian official said. The aim is to build nuclear plants in the state of Gujarat.