Frank Jack's Feed
Apr 12, 2015

India rushes to break impasse on Canada investment pact – source

NEW DELHI, April 12 (Reuters) – Indian and Canadian
negotiators are rushing to iron out differences in a
long-stalled foreign investment protection pact in time for
Prime Minister Narendra Modi’s visit to the north American
nation next week, an Indian government source said.

Modi arrives in Canada on April 14 for a two -ay visit, the
first bilateral visit by an Indian prime minister in 42
years.

Apr 12, 2015

Chinese demands, rebels and Buddhist ruins stall Afghan copper dream

MES AYNAK, Afghanistan (Reuters) – China and Afghanistan remain deadlocked over a stalled $3 billion copper mine five months after Beijing demanded royalties be slashed by almost a half, underlining Kabul’s struggles to support itself as foreign aid dries up.

The copper, lying beneath the ruins of an ancient Buddhist city, is one of the world’s largest untapped deposits. But the project at Mes Aynak has been mired in delays since state-run China Metallurgical Group Corp (MCC) won the contract to develop it in 2007.

Mar 12, 2015

Sonia Gandhi marches to support Manmohan Singh in coal field case

NEW DELHI (Reuters) – The top leadership of the Congress party including its enigmatic president Sonia Gandhi walked to former Prime Minister Manmohan Singh’s home on Thursday in an unusual display of support after he was summoned to court in a corruption case.

The most recognizable of the ministers who served under Singh strode through the leafy streets of central Delhi to his colonial-era bungalow where he stood outside smiling, his wife by his side.

Mar 12, 2015

India’s Sonia Gandhi marches to support ex-PM Singh in court summons

NEW DELHI, March 12 (Reuters) – The top leadership of
India’s Congress party including its enigmatic president Sonia
Gandhi walked to former Prime Minister Manmohan Singh’s home on
Thursday in a unusual display of support after he was summoned
to court in a corruption case.

The most recognizable of the ministers who served under
Singh strode through the leafy streets of central Delhi to his
colonial-era bungalow where he stood outside smiling, his wife
by his side.

Mar 11, 2015

Court summons ex-PM Manmohan Singh in coal corruption case

NEW DELHI (Reuters) – A court summoned former Prime Minister Manmohan Singh on Wednesday over accusations of criminal conspiracy and corruption over the award of a coal field during his term, in a blow for the Gandhi dynasty that ruled India until last year.

A special court under the Central Bureau of Investigation summoned the former prime minister along with billionaire Kumar Mangalam Birla and another official to appear on April 8, a source at the agency said.

Mar 11, 2015

Court summons India’s ex-PM Singh in coal corruption case

NEW DELHI (Reuters) – An Indian court summoned former Prime Minister Manmohan Singh on Wednesday over accusations of criminal conspiracy and corruption over the award of a coal field during his term, in a blow for the Gandhi dynasty that ruled India until last year.

A special court under the Central Bureau of Investigation summoned the former prime minister along with billionaire Kumar Mangalam Birla and another official to appear on April 8, a source at the agency said.

Mar 1, 2015

India’s Modi passes budget test despite lack of reform dazzle

NEW DELHI/MUMBAI (Reuters) – India’s reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernizing India’s aging roads and railways while keeping borrowing in check.

The budget presented by Finance Minister Arun Jaitley on Saturday loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the fiscal deficit target.

Mar 1, 2015

Modi passes budget test despite lack of reform dazzle

NEW DELHI/MUMBAI (Reuters) – India’s reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India’s ageing roads and railways while keeping borrowing in check.

The budget presented by Finance Minister Arun Jaitley on Saturday loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the fiscal deficit target.

Feb 27, 2015

Test for reform zeal of Modi in make-or-break budget

NEW DELHI (Reuters) – Prime Minister Narendra Modi’s stomach for free-market economics faces a major test on Saturday, in a budget India’s top economic advisor has warned could wreck the leader’s promises of “good days” if there’s no roadmap to reform.

Reaping the benefits of low global prices for oil, India’s main import, Modi’s government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets.

Feb 27, 2015

Test for reform zeal of India’s Modi in make-or-break budget

NEW DELHI (Reuters) – Prime Minister Narendra Modi’s stomach for free-market economics faces a major test on Saturday, in a budget India’s top economic advisor has warned could wreck the leader’s promises of “good days” if there’s no roadmap to reform.

Reaping the benefits of low global prices for oil, India’s main import, Modi’s government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets.