Frank Jack's Feed
Sep 16, 2012

Analysis: India’s “big bang Friday” reforms might just stick

NEW DELHI (Reuters) – There were quiet celebrations in the offices of Indian Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.

In the space of 24 hours, Singh had dispelled the image of an elderly ditherer and demonstrated – two decades after he launched India’s transformative drive for economic liberalization – that he remains a champion of reform.

Sep 14, 2012

Govt allows FDI multi-brand retail, aviation

NEW DELHI (Reuters) – India opened its supermarket sector to foreign chains on Friday after months of dithering, pushing ahead with the boldest reforms yet in Prime Minister Manmohan Singh’s government as it tries to revive the country’s tottering economic growth.

The move allows global firms such as Wal-Mart Stores(WMT.N: Quote, Profile, Research) to set up shop with a local partner and sell directly to consumers for the first time, which supporters say could transform India’s $450 billion retail market and tame inflation.

Sep 14, 2012

India to allow foreign supermarkets in major reform push

NEW DELHI, Sept 14 (Reuters) – India opened its supermarket
sector to foreign chains on Friday after months of dithering,
pushing ahead with the boldest reforms yet in Prime Minister
Manmohan Singh’s government as it tries to revive the country’s
tottering economic growth.

The move allows global firms such as Wal-Mart Stores
to set up shop with a local partner and sell directly to
consumers for the first time, which supporters say could
transform India’s $450 billion retail market and tame inflation.

Sep 14, 2012

India’s diesel price hike heralds long-stalled reforms

NEW DELHI (Reuters) – India’s beleaguered government appeared poised on Friday to push ahead with measures to revive the economy after months of dithering, even as it came under heavy fire from allies and opponents alike for raising heavily subsidized fuel prices.

A Cabinet committee was due to consider a proposal to allow foreign airlines to buy shareholdings in local carriers and will also discuss selling stakes in large state-run companies such as Oil India. Another committee is due to speed up infrastructure project approvals.

Sep 14, 2012

Diesel price move to test stomach for reforms

NEW DELHI (Reuters) – India’s beleaguered government appeared poised on Friday to push ahead with measures to revive the economy after months of dithering, even as it came under heavy fire from allies and opponents alike for raising heavily subsidized fuel prices.

A Cabinet committee was due to consider a proposal to allow foreign airlines to buy shareholdings in local carriers and will also discuss selling stakes in large state-run companies such as Oil India. Another committee is due to speed up infrastructure project approvals.

Sep 14, 2012

India’s diesel price move to test stomach for reforms

NEW DELHI, Sept 14 (Reuters) – India’s beleaguered
government appeared poised on Friday to push ahead with measures
to revive the economy after months of dithering, even as it came
under heavy fire from allies and opponents alike for raising
heavily subsidized fuel prices.

A Cabinet committee was due to consider a proposal to allow
foreign airlines to buy shareholdings in local carriers and will
also discuss selling stakes in large state-run companies such as
Oil India. Another committee is due to speed up infrastructure
project approvals.

Aug 1, 2012

Power cut hits millions, among world’s worst outages

NEW DELHI (Reuters) – Hundreds of millions of people across India were left without power on Tuesday in one of the world’s worst blackouts, trapping miners, stranding train travellers and plunging hospitals into darkness when grids collapsed for the second time in two days.

Stretching from Assam, near China, to the Himalayas and the northwestern deserts of Rajasthan, the outage covered states where half of India’s 1.2 billion people live and embarrassed the government, which has failed to build up enough power capacity to meet soaring demand.

Aug 1, 2012

India power cut hits millions, among world’s worst outages

NEW DELHI (Reuters) – Hundreds of millions of people across India were left without power on Tuesday in one of the world’s worst blackouts, trapping miners, stranding train travelers and plunging hospitals into darkness when grids collapsed for the second time in two days.

Stretching from Assam, near China, to the Himalayas and the northwestern deserts of Rajasthan, the outage covered states where half of India’s 1.2 billion people live and embarrassed the government, which has failed to build up enough power capacity to meet soaring demand.

Jul 31, 2012

Second blackout in two days cuts power to 670 million

NEW DELHI (Reuters) – Half of India’s 1.2 billion people were without power on Tuesday as the grids covering a dozen states broke down, the second major blackout in as many days and an embarrassment for the government as it struggles to revive economic growth.

Stretching from Assam, near China, to the Himalayas and the deserts of Rajasthan, the power cut was the worst to hit India in more than a decade.

Jul 31, 2012

Second India blackout in two days cuts power to 670 million

NEW DELHI (Reuters) – Half of India’s 1.2 billion people were without power on Tuesday as the grids covering a dozen states broke down, the second major blackout in as many days and an embarrassment for the government as it struggles to revive economic growth.

Stretching from Assam, near China, to the Himalayas and the deserts of Rajasthan, the power cut was the worst to hit India in more than a decade.