Frank Jack's Feed
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.

Oct 28, 2012

Eyeing elections, India PM adds new blood to cabinet

NEW DELHI, Oct 27 (Reuters) – Indian 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 federal 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.

Oct 4, 2012

Cabinet clears insurance, pension FDI bills

NEW DELHI (Reuters) – The cabinet approved bills on Thursday to attract foreign investment into insurance and pensions in the latest move by Prime Minister Manmohan Singh to restore confidence in the economy, but the reforms will face a tough fight in parliament.

The insurance bill would raise the cap on foreign ownership of insurance companies to 49 percent, Sports Minister Ajay Maken told reporters after the cabinet meeting at Singh’s residence. The limit now is 26 percent.

Oct 4, 2012

India’s cabinet backs insurance, pension reform bills

NEW DELHI, Oct 4 (Reuters) – India’s cabinet approved bills
on Thursday to attract foreign investment into insurance and
pensions in the latest move by Prime Minister Manmohan Singh to
restore confidence in the economy, but the reforms will face a
tough fight in parliament.

The insurance bill would raise the cap on foreign ownership
of insurance companies to 49 percent, Sports Minister Ajay Maken
told reporters after the cabinet meeting at Singh’s residence.
the limit now is 26 percent.

Sep 17, 2012

India’s “big bang Friday” reforms might just stick

NEW DELHI (Reuters) – There were quiet celebrations in the offices of Indian Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.

In the space of 24 hours, Singh had dispelled the image of an elderly ditherer and demonstrated – two decades after he launched India’s transformative drive for economic liberalisation – that he remains a champion of reform.

Sep 16, 2012

Analysis: India’s “big bang Friday” reforms might just stick

NEW DELHI (Reuters) – There were quiet celebrations in the offices of Indian Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.

In the space of 24 hours, Singh had dispelled the image of an elderly ditherer and demonstrated – two decades after he launched India’s transformative drive for economic liberalization – that he remains a champion of reform.

Sep 14, 2012

Govt allows FDI multi-brand retail, aviation

NEW DELHI (Reuters) – India opened its supermarket sector to foreign chains on Friday after months of dithering, pushing ahead with the boldest reforms yet in Prime Minister Manmohan Singh’s government as it tries to revive the country’s tottering economic growth.

The move allows global firms such as Wal-Mart Stores(WMT.N: Quote, Profile, Research) to set up shop with a local partner and sell directly to consumers for the first time, which supporters say could transform India’s $450 billion retail market and tame inflation.

Sep 14, 2012

India to allow foreign supermarkets in major reform push

NEW DELHI, Sept 14 (Reuters) – India opened its supermarket
sector to foreign chains on Friday after months of dithering,
pushing ahead with the boldest reforms yet in Prime Minister
Manmohan Singh’s government as it tries to revive the country’s
tottering economic growth.

The move allows global firms such as Wal-Mart Stores
to set up shop with a local partner and sell directly to
consumers for the first time, which supporters say could
transform India’s $450 billion retail market and tame inflation.

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.