Frank Jack's Feed
Nov 21, 2014

Long ‘to do’ list for India’s Modi as clock ticks on reform

NEW DELHI (Reuters) – India’s Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target.

Modi’s election victory in May unleashed a rush of money from foreign portfolios betting the reformist prime minister would drive a quick recovery. That has yet to materialize, with both factory utilization and capital spending low.

Nov 13, 2014

Insight – With new team in place, India’s Modi tightens grip on power

NEW DELHI (Reuters) – Anil Swarup is just the kind of man Prime Minister Narendra Modi is relying on to fix India – a high-flying civil servant with a taste for complex policy and swift decisions.

Modi has drawn trusted bureaucrats into a tight embrace. Interviews with two dozen sources, including close aides, reveal that key decisions are now thrashed out between his office and civil servants, often at the expense of ministerial authority.

Nov 13, 2014

Insight – With new team in place, Modi tightens grip on power

NEW DELHI (Reuters) – Anil Swarup is just the kind of man Prime Minister Narendra Modi is relying on to fix India – a high-flying civil servant with a taste for complex policy and swift decisions.

Modi has drawn trusted bureaucrats into a tight embrace. Interviews with two dozen sources, including close aides, reveal that key decisions are now thrashed out between his office and civil servants, often at the expense of ministerial authority.

Nov 13, 2014

With new team in place, India’s Modi tightens grip on power

NEW DELHI, Nov 13 (Reuters) – Anil Swarup is just the kind
of man Prime Minister Narendra Modi is relying on to fix India -
a high-flying civil servant with a taste for complex policy and
swift decisions.

Modi has drawn trusted bureaucrats into a tight embrace.
Interviews with two dozen sources, including close aides, reveal
that key decisions are now thrashed out between his office and
civil servants, often at the expense of ministerial authority.

Nov 10, 2014

With an eye on economy and defence, PM Modi expands cabinet

NEW DELHI (Reuters) – Prime Minister Narendra Modi beefed up his cabinet on Sunday, appointing a separate defence minister to spur military modernization and free Finance Minister Arun Jaitley to focus on the budget and reforms to revive the economy.

Jaitley had run both defence and finance since Modi took office six months ago, leading to criticism that neither of the key departments could be properly led.

Nov 9, 2014

With an eye on economy and defense, India’s Modi expands cabinet

NEW DELHI (Reuters) – India’s Prime Minister Narendra Modi beefed up his cabinet on Sunday, appointing a separate defense minister to spur military modernization and free Finance Minister Arun Jaitley to focus on the budget and reforms to revive the economy.

Jaitley had run both defense and finance since Modi took office six months ago, leading to criticism that neither of the key departments could be properly led.

Oct 16, 2014

Modi names Rajan ally Subramanian as chief economic adviser

NEW DELHI (Reuters) – A high-powered academic who tells his students to read Joseph Conrad and Gabriel Garcia Marquez to better understand economic development was confirmed on Thursday as chief economic adviser to Prime Minister Narendra Modi’s government.

Ending two months of uncertainty, U.S.-based economist Arvind Subramanian announced at an impromptu news conference that he had got the job, on a day of drama in which the department’s top civil servant was sacked.

Oct 16, 2014

India’s Modi names Rajan ally as chief economic adviser

NEW DELHI, Oct 16 (Reuters) – A high-powered academic who
tells his students to read Joseph Conrad and Gabriel Garcia
Marquez to better understand economic development was confirmed
on Thursday as chief economic adviser to Indian Prime Minister
Narendra Modi’s government.

Ending two months of uncertainty, U.S.-based economist
Arvind Subramanian announced at an impromptu news conference
that he had got the job, on a day of drama in which the
department’s top civil servant was sacked.

Oct 2, 2014

Appointment of U.S.-based economist Arvind Subramanian as India adviser hits Modi hurdle

NEW DELHI (Reuters) – Prime Minister Narendra Modi has not decided whether to appoint U.S.-based economist Arvind Subramanian as the government’s chief economic adviser, a senior government source told Reuters, in a delay that may impact policy and budget preparations.

Subramanian, a senior fellow at the Peterson Institute for International Economics, was informally recommended to the post by Finance Minister Arun Jaitley more than a month ago but Modi still wants to discuss the appointment, the source said.

Oct 2, 2014

Appointment of U.S.-based economist as India adviser hits Modi hurdle

NEW DELHI (Reuters) – Prime Minister Narendra Modi has not decided whether to appoint U.S.-based economist Arvind Subramanian as the government’s chief economic adviser, a senior government source told Reuters, in a delay that may impact policy and budget preparations.

Subramanian, a senior fellow at the Peterson Institute for International Economics, was informally recommended to the post by Finance Minister Arun Jaitley more than a month ago but Modi still wants to discuss the appointment, the source said.