Frank Jack's Feed
Dec 5, 2012

Key political risks to watch in India

NEW DELHI, Dec 5 (Reuters) – India’s economy is likely to
grow at the slowest rate in a decade this year despite a spurt
of economic reforms, and a busy electoral calendar will make
managing a gaping fiscal deficit increasingly difficult to
manage over the next few months.

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Following is a summary of key political risks in India:

ELECTIONS AND ECONOMY

India’s economy is set for its worst performance in a decade
after three consecutive quarters of growth near 5.5 percent.
High government spending has led to a fiscal deficit that
economist say is likely to hit 5.6 percent this year,
exacerbated worse by a fall in revenues.

Nov 30, 2012

India’s GDP growth languishes, headed for decade low

NEW DELHI (Reuters) – India’s economy extended its long slump in the last quarter, with lower-than-expected growth keeping it on track for its worst year in a decade and underscoring the urgency of politically difficult reforms to spur a revival.

The economy grew 5.3 percent from a year earlier in the July-September period, provisional gross domestic product (GDP) data showed on Friday, below the 5.5 percent posted for the three months ending in June.

Nov 24, 2012

China puts Himalayan claims on passport map

NEW DELHI (Reuters) – India is stamping its own map on visas it issues to holders of new Chinese passports that contain a map depicting disputed territory within China’s borders, the latest twist in tension in Asia over China’s territorial claims.

China’s new microchip-equipped passports contain a map that marks its claims over disputed waters and also show as its territory two Himalayan regions that India also claims.

Nov 23, 2012

China puts Himalayan claims on passport map, India maps its own

NEW DELHI (Reuters) – India is stamping its own map on visas it issues to holders of new Chinese passports that contain a map depicting disputed territory within China’s borders, the latest twist in tension in Asia over China’s territorial claims.

China’s new microchip-equipped passports contain a map that marks its claims over disputed waters and also show as its territory two Himalayan regions that India also claims.

Nov 18, 2012

Insight: Sri Lanka’s “people’s dynasty” – help or harm for growth?

JAFFNA, Sri Lanka (Reuters) – From foreign hotel towers sprouting on Colombo’s seafront to the new motorbikes and mobile phones buzzing in war-ravaged Jaffna, at first glance, Sri Lanka seems to be living up to its claim as Asia’s latest frontier market.

But private businesses are not investing enough, threatening the boom that has swept the island since the end of a long ethnic conflict, while President Mahinda Rajapaksa and his family are tightening their grip on the economy and institutions with what critics see as an unusually personalized system of government.

Nov 18, 2012

Sri Lanka’s “people’s dynasty” – help or harm for growth?

JAFFNA, Sri Lanka, Nov 19 (Reuters) – From foreign hotel
towers sprouting on Colombo’s seafront to the new motorbikes and
mobile phones buzzing in war-ravaged Jaffna, at first glance,
Sri Lanka seems to be living up to its claim as Asia’s latest
frontier market.

But private businesses are not investing enough, threatening
the boom that has swept the island since the end of a long
ethnic conflict, while President Mahinda Rajapaksa and his
family are tightening their grip on the economy and institutions
with what critics see as an unusually personalised system of
government.

Nov 14, 2012

Suu Kyi asks India to stand by democracy in Myanmar

NEW DELHI (Reuters) – Opposition leader Aung San Suu Kyi urged India on Wednesday to stand by Myanmar on its journey to democracy, on her first trip to Myanmar’s neighbour since it dropped its support for her democracy movement two decades ago in favour of the ruling junta.

Suu Kyi spent part of her youth in Delhi and was close to independence leader Jawaharlal Nehru but, after first backing her democracy movement, India began courting the junta as part of a “Look East” policy partly aimed at competing with China.

Nov 14, 2012

Jilted Suu Kyi asks India to stand by democracy in Myanmar

NEW DELHI, Nov 14 (Reuters) – Opposition leader Aung San Suu
Kyi urged India on Wednesday to stand by Myanmar on its journey
to democracy, on her first trip to Myanmar’s neighbour since it
dropped its support for her democracy movement two decades ago
in favour of the ruling junta.

Suu Kyi spent part of her youth in Delhi and was close to
independence leader Jawaharlal Nehru but, after first backing
her democracy movement, India began courting the junta as part
of a “Look East” policy partly aimed at competing with China.

Nov 12, 2012

Afghanistan seeks India’s help as West pullout nears

NEW DELHI (Reuters) – India will step up training of the Afghan police and military after a request on Monday by President Hamid Karzai, who also urged Indian businesses to invest in his battle-weary nation as it gears up for the departure of NATO troops.

The extra help is likely to be welcomed by the United States, which sees India as a stabilizing power in South Asia. But it may unnerve Pakistan, which frets about losing influence in neighboring Afghanistan.

Oct 28, 2012

Eyeing elections, PM adds new blood to cabinet

NEW DELHI (Reuters) – Prime Minister Manmohan Singh gave his cabinet an overdue facelift on Sunday, bringing in younger ministers in a bid to breathe new life into his aged, scandal-tainted government ahead of state and Lok Sabha elections.

The reshuffle, which has been on the cards for six months, may be Singh’s last chance to significantly change the direction of his government and convince voters the ruling Congress party deserves a third consecutive term in 2014.