Frank Jack's Feed
Mar 28, 2012

BRICS to eye joint bank, exchange ties at summit

NEW DELHI, March 28 (Reuters) – The BRICS group of emerging
world powerhouses – Brazil, Russia, India, China and South
Africa – is expected to launch plans this week for a joint
development bank and measures to bring their stock exchanges
closer together.

Officials say the initiatives will take time as they need to
sort out details. But they herald a new level of ambition for a
bloc that brings together about half the world’s people. The
Middle East and energy security will also be discussed,
officials say.

Mar 23, 2012

India govt moves to quell $211 bln coal furore

NEW DELHI, March 22 (Reuters) – India lost up to $211
billion in revenue by selling coalfields too cheaply, a
government auditor’s draft report said, sparking a furore in
parliament on Thursday that added to pressure on the prime
minister after months of scandals and policy missteps.

The prime minister’s office called the estimated loss
“exceedingly misleading,” after the report – leaked from the
federal auditor and published in the Times of India – prompted
lawmakers to demand an explanation and rattled investors.

Mar 22, 2012

India government moves to quell $211 billion coal furore

NEW DELHI (Reuters) – India lost up to $211 billion (133 billion pounds) in revenue by selling coalfields too cheaply, a government auditor’s draft report said, sparking a furore in parliament on Thursday that added to pressure on the prime minister after months of scandals and policy missteps.

The prime minister’s office called the estimated loss “exceedingly misleading,” after the report – leaked from the federal auditor and published in the Times of India – prompted lawmakers to demand an explanation and rattled investors.

Mar 22, 2012

Govt tries to quell $211 bln coal furore

NEW DELHI (Reuters) – The prime minister’s office moved to quell an outcry over a reported $211 billion loss in revenues from the sale of coalfields on Thursday, after months of pressure over a slew of scandals that have weakened the government.

The Times of India earlier published part of a leaked draft report by the auditor’s office that calculated massive revenue losses, causing a furore in parliament and driving stocks lower.

Mar 22, 2012

India tries to quell $211 billion coal furore

NEW DELHI (Reuters) – The Indian prime minister’s office moved to quell an outcry over a reported $211 billion loss in revenues from the sale of coalfields on Thursday, after months of pressure over a slew of scandals that have weakened the government.

The Times of India earlier published part of a leaked draft report by the auditor’s office that calculated massive revenue losses, causing a furore in parliament and driving stocks lower.

Mar 1, 2012

Key political risks to watch in India

NEW DELHI (Reuters) – India’s weak economy is exposed to an extended euro zone crisis, the coalition government is under great strain, and a massive corruption scandal is raising the still unlikely scenario of Prime Minister Manmohan Singh’s second term being cut short before a general election due in 2014.

State elections in early March could put Singh’s Congress party under severe pressure.

Feb 22, 2012

Has the battery run out on Aakash tablet?

NEW DELHI (Reuters) – Aakash, the “$35″ computer launched last year in India as the world’s cheapest tablet, has run into problems and companies will be invited to bid again to make the device after complaints of poor performance and hiccups rolling out a pilot model.

The government has hailed the Aakash tablet as an achievement of Indian frugal engineering that would end the digital divide in a country where only one in every 10 of its 1.2 billion people use the Internet.

Feb 22, 2012

Has the battery run out on India’s $35 tablet computer?

NEW DELHI, Feb 22 (Reuters) – A “$35″ computer
launched last year in India as the world’s cheapest tablet has
run into problems and companies will be invited to bid again to
make the device after complaints of poor performance and hiccups
rolling out a pilot model.

The government has hailed the Aakash tablet as an
achievement of Indian frugal engineering that would end the
digital divide in a country where only one in every 10 of its
1.2 billion people use the Internet.

Feb 22, 2012

Insight: India’s Wild East unprepared for new Myanmar

MOREH, India (Reuters) – As dusk falls on a lonely police station in the eastern tip of India, a young policeman nervously keeps an eye on the Arakan hills above him, dotted with poppy fields.

Just 22 bumpy miles from the capital of India’s restive Manipur state, he and his colleagues are outnumbered by gunmen from a faction of the National Socialist Council of Nagaland, one of half a dozen insurgent groups operating near India’s border with Myanmar.

Feb 22, 2012

India’s Wild East unprepared for new Myanmar

MOREH, India, Feb 22 (Reuters) – As dusk falls on a
lonely police station in the eastern tip of India, a young
policeman nervously keeps an eye on the Arakan hills above him,
dotted with poppy fields.

Just 22 bumpy miles from the capital of India’s restive
Manipur state, he and his colleagues are outnumbered by gunmen
from a faction of the National Socialist Council of Nagaland,
one of half a dozen insurgent groups operating near India’s
border with Myanmar.