Frank Jack's Feed
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.

Jul 30, 2012

Special Report: In Himalayan arms race, China one-ups India

TAWANG, India (Reuters) – It has all the appearance of an arms race on the roof of the world.

Asia’s two great powers are facing off here in the eastern Himalayan mountains. China has vastly improved roads and is building or extending airports on its side of the border in Tibet. It has placed nuclear-capable intermediate missiles in the area and deployed around 300,000 troops across the Tibetan plateau, according to a 2010 Pentagon report.

Jul 30, 2012

In Himalayan arms race, China one-ups India

TAWANG, India, July 30 (Reuters) – It has all the appearance
of an arms race on the roof of the world.

Asia’s two great powers are facing off here in the eastern
Himalayan mountains. China has vastly improved roads and is
building or extending airports on its side of the border in
Tibet. It has placed nuclear-capable intermediate missiles in
the area and deployed around 300,000 troops across the Tibetan
plateau, according to a 2010 Pentagon report.

Jul 19, 2012

India chooses president, reforms seen next on agenda

NEW DELHI (Reuters) – Indian lawmakers voted for a new president on Thursday, ending weeks of wrangling and opening a much-hyped political window billed as the best chance for Prime Minister Manmohan Singh to launch a wave of reforms and reverse an economic slowdown.

India’s markets are anticipating quick action to relax investment rules and cut subsidies once the voting for the ceremonial post is out of the way. Stocks and the rupee outperformed other Asian markets this month after Singh suggested he will act after the election.