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Mar 11, 2015

Court summons ex-PM Manmohan Singh in coal corruption case

NEW DELHI (Reuters) – A court summoned former Prime Minister Manmohan Singh on Wednesday over accusations of criminal conspiracy and corruption over the award of a coal field during his term, in a blow for the Gandhi dynasty that ruled India until last year.

A special court under the Central Bureau of Investigation summoned the former prime minister along with billionaire Kumar Mangalam Birla and another official to appear on April 8, a source at the agency said.

Mar 11, 2015

Court summons India’s ex-PM Singh in coal corruption case

NEW DELHI (Reuters) – An Indian court summoned former Prime Minister Manmohan Singh on Wednesday over accusations of criminal conspiracy and corruption over the award of a coal field during his term, in a blow for the Gandhi dynasty that ruled India until last year.

A special court under the Central Bureau of Investigation summoned the former prime minister along with billionaire Kumar Mangalam Birla and another official to appear on April 8, a source at the agency said.

Mar 1, 2015

India’s Modi passes budget test despite lack of reform dazzle

NEW DELHI/MUMBAI (Reuters) – India’s reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernizing India’s aging roads and railways while keeping borrowing in check.

The budget presented by Finance Minister Arun Jaitley on Saturday loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the fiscal deficit target.

Mar 1, 2015

Modi passes budget test despite lack of reform dazzle

NEW DELHI/MUMBAI (Reuters) – India’s reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India’s ageing roads and railways while keeping borrowing in check.

The budget presented by Finance Minister Arun Jaitley on Saturday loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the fiscal deficit target.

Feb 27, 2015

Test for reform zeal of Modi in make-or-break budget

NEW DELHI (Reuters) – Prime Minister Narendra Modi’s stomach for free-market economics faces a major test on Saturday, in a budget India’s top economic advisor has warned could wreck the leader’s promises of “good days” if there’s no roadmap to reform.

Reaping the benefits of low global prices for oil, India’s main import, Modi’s government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets.

Feb 27, 2015

Test for reform zeal of India’s Modi in make-or-break budget

NEW DELHI (Reuters) – Prime Minister Narendra Modi’s stomach for free-market economics faces a major test on Saturday, in a budget India’s top economic advisor has warned could wreck the leader’s promises of “good days” if there’s no roadmap to reform.

Reaping the benefits of low global prices for oil, India’s main import, Modi’s government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets.

Jan 27, 2015

In parting shot, Obama prods India on religious freedom

NEW DELHI (Reuters) – U.S. President Barack Obama weighed in on one of India’s most sensitive topics as he wound up a visit on Tuesday, making a plea for freedom of religion to be upheld in a country where relations between Hindus and minorities have come under strain.

Obama made no direct reference to Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party (BJP), whose rise to power last year has emboldened some Hindu groups to assert themselves in a country with a history of religious strife.

Jan 25, 2015

“We have a deal” – insurance may unlock India-U.S. atomic trade

NEW DELHI, Jan 25 (Reuters) – Prime Minister Narendra Modi
and U.S. President Barack Obama unveiled a plan centred on
insurance on Sunday that they hope will convince U.S. companies
to build nuclear power stations in India, but stopped short of
demands to soften a liability law.

With the 1984 Bhopal gas tragedy still fresh in India’s
mind, parliament five years ago passed a law that makes
equipment suppliers ultimately responsible for an accident, a
deviation from international norms that the companies found hard
to swallow.

Jan 24, 2015

Unlikely buddies Obama and Modi aim high on India trip

NEW DELHI (Reuters) – In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture friendship with a prime minister who until last year was persona non grata in Washington.

Obama will be the first U.S. president to attend India’s Republic Day parade, a show of military might long associated with the anti-Americanism of the Cold War, and will host a radio show with Prime Minister Narendra Modi.

Jan 21, 2015

As Obama visits, signs that India is pushing back against China

NEW DELHI (Reuters) – When Sri Lanka unexpectedly turfed out President Mahinda Rajapaksa in an election this month, it was the biggest setback in decades for China’s expansion into South Asia – and a remarkable diplomatic victory for India.

Despite New Delhi’s protestations, diplomats and politicians in the region say India played a role in organising the opposition against pro-China Rajapaksa.