Frank Jack's Feed
May 13, 2012

India’s “Queen of Democrazy” at the crossroads of change

KOLKATA, India, May 13 (Reuters) – Kolkata’s red-brick
secretariat was built more than 200 years ago for Britain’s East
India Company, which used trade in opium, cloth and tea to
colonise the subcontinent. Distrust of foreign merchants lingers
still.

For the past year, the sprawling building has been occupied
by Mamata Banerjee, the diminutive chief minister of West Bengal
state who is perhaps the largest obstacle to economic reforms
that would allow 21st-century traders free access to India’s
consumer markets.

Apr 8, 2012

Nuclear-armed foes Pakistan, India to talk peace over lunch

NEW DELHI (Reuters) – Pakistan President Asif Ali Zardari will sit down to lunch with Indian Prime Minister Manmohan Singh in New Delhi on Sunday in the highest-level meeting on each other’s soil in seven years as the nuclear-armed foes seek to normalize relations.

Relations have warmed since Pakistan promised its neighbor most favored nation trade status in 2011, although a $10 million bounty offered by Washington for a Pakistani Islamist blamed for the 2008 attacks on Mumbai stirred old grievances.

Apr 4, 2012

U.S. puts $10 mln bounty on LeT founder Hafiz Saeed

NEW DELHI (Reuters) – The United States has posted a $10 million reward for help in the arrest of a Pakistani Islamist leader, Hafiz Mohammad Saeed, suspected of masterminding attacks on India’s financial capital and its parliament.

The reward comes at a time of heightened tension between the United States and Pakistan and is likely to increases pressure on Pakistan to take action against the former Arabic scholar, who has recently addressed rallies in Pakistan despite an Interpol warrant for him.

Apr 3, 2012

U.S. puts bounty on Pakistani suspect in Mumbai attacks

NEW DELHI (Reuters) – The United States has posted a $10 million reward for help in the arrest of a Pakistani Islamist leader, Hafiz Mohammad Saeed, suspected of masterminding attacks on India’s financial capital and its parliament.

The reward comes at a time of heightened tension between the United States and Pakistan and is likely to increases pressure on Pakistan to take action against the former Arabic scholar, who has recently addressed rallies in Pakistan despite an Interpol warrant for him.

Apr 3, 2012

U.S. puts $10 mln bounty on LeT founder Hafiz Saeed; India pleased

NEW DELHI (Reuters) – The United States has posted a $10 million reward for help in the arrest of a Pakistani Islamist leader, Hafiz Mohammad Saeed, suspected of masterminding attacks on Mumbai and the parliament building in New Delhi.

The reward comes at a time of heightened tension between the United States and Pakistan and is likely to increases pressure on Pakistan to take action against the former Arabic scholar, who has recently addressed rallies in Pakistan despite an Interpol warrant for him.

Apr 3, 2012

U.S. puts $10 million bounty on Pakistan militant; India pleased

NEW DELHI (Reuters) – The United States has posted a $10 million reward for help in the arrest of a Pakistani Islamist leader, Hafiz Mohammad Saeed, suspected of masterminding attacks on India’s financial capital and its parliament.

The reward comes at a time of heightened tension between the United States and Pakistan and is likely to increases pressure on Pakistan to take action against the former Arabic scholar, who has recently addressed rallies in Pakistan despite an Interpol warrant for him.

Apr 3, 2012

US puts $10 mln bounty on Pakistan militant; India pleased

NEW DELHI, April 3 (Reuters) – The United States has posted
a $10 million reward for help in the arrest of a Pakistani
Islamist leader, Hafiz Mohammad Saeed, suspected of
masterminding attacks on India’s financial capital and its
parliament.

The reward comes at a time of heightened tension between the
United States and Pakistan and is likely to increases pressure
on Pakistan to take action against the former Arabic scholar,
who has recently addressed rallies in Pakistan despite an
Interpol warrant for him.

Apr 3, 2012

Key political risks to watch in India

NEW DELHI (Reuters) – India’s economy is exposed to an extended euro zone crisis and policy paralysis at home, while the coalition government is under tremendous strain from scandals and rebellious coalition partners.

The risk of Prime Minister Manmohan Singh’s second term being cut short before a general election due in 2014 is low, but cannot be ruled out.

Mar 29, 2012

BRICS nations gird to pressure West over imbalances

NEW DELHI, March 29 (Reuters) – The BRICS group of emerging
market nations will look at ways of pressuring the West to
redress global economic imbalances amid growing frustration at
the pace of change in institutions such as the IMF at a meeting
in Delhi on Thursday.

Brazil’s Trade and Industry Minister Fernando Pimentel told
Reuters on the eve of the meeting his country hopes for a summit
communique denouncing what it sees as unfair monetary policies
by Europe and the United States.

Mar 28, 2012

BRICS to eye joint bank, stock exchange tie-up at summit

NEW DELHI, March 28 (Reuters) – The BRICS group of emerging
world powerhouses – Brazil, Russia, India, China and South
Africa – is set to outline plans at a summit this week for a
joint development bank, while the five countries’ stock
exchanges will also move closer together.

Officials say details of the initiatives still need to be
agreed, but they herald a new level of ambition for a bloc that
brings together about half the world’s people but which has been
criticised as an empty acronym.