Frank Jack's Feed
Sep 20, 2013

India rushes to ready nuclear deal before Singh’s U.S. trip

NEW DELHI (Reuters) – India is making a last-minute push to close a nuclear deal in time for a meeting between U.S. President Barack Obama and Prime Minister Manmohan Singh, who has made atomic energy cooperation with Washington a hallmark of his tenure.

Under the proposed deal, India would contract Toshiba’s U.S. nuclear unit Westinghouse for preliminary works, including information sharing, a senior Indian official said. The aim is to build nuclear plants in the state of Gujarat.

Sep 13, 2013
via FaithWorld

Hindu nationalist Modi crowned as India’s opposition prime minister candidate

Photo

(Gujarat’s chief minister Narendra Modi speaks during the “Vibrant Gujarat Summit” at Gandhinagar in the western Indian state of Gujarat January 12, 2013. REUTERS/Amit Dave )

Hindu nationalist Narendra Modi was crowned as the candidate for prime minister of India’s main opposition party on Friday, cementing the remarkable rise of a leader adored by business but tainted by deadly religious riots that broke out on his watch.

Sep 13, 2013

Modi crowned as BJP’s prime ministerial candidate

NEW DELHI (Reuters) – Hindu nationalist Narendra Modi was crowned as the candidate for prime minister of India’s main opposition Bharatiya Janata Party (BJP) on Friday, cementing the remarkable rise of a leader adored by business but tainted by deadly religious riots that broke out on his watch.

On a path that from humble roots as the son of a tea-shop owner to running for leadership of the world’s biggest democracy, Modi has methodically built a fervent fan base.

Sep 13, 2013

India’s Modi crowned as opposition prime minister candidate

NEW DELHI (Reuters) – Hindu nationalist Narendra Modi was crowned as the candidate for prime minister of India’s main opposition party on Friday, cementing the remarkable rise of a leader adored by business but tainted by deadly religious riots that broke out on his watch.

On a path that from humble roots as the son of a tea-shop owner to running for leadership of the world’s biggest democracy, Modi has methodically built a fervent fan base.

Sep 9, 2013

Insight: Killing the goose: Why Indian exports need more than a cheap rupee

NEW DELHI (Reuters) – The upside of the Indian rupee’s slump is an export boom that sets the economy straight, right? Wrong.

Prime Minister Manmohan Singh echoed classical economic theory when he told parliament last month that the plunging rupee, which has lost 18 percent against the dollar since selling pressure picked up in May, would spur exports and discourage imports.

Sep 9, 2013

Killing the goose: Why Indian exports need more than a cheap rupee

NEW DELHI, Sept 10 (Reuters) – The upside of the Indian
rupee’s slump is an export boom that sets the economy straight,
right? Wrong.

Prime Minister Manmohan Singh echoed classical economic
theory when he told parliament last month that the
plunging rupee, which has lost 18 percent against the dollar
since selling pressure picked up in May, would spur exports and
discourage imports.

Aug 30, 2013

Singh fights for ‘reformer’ legacy as economy totters

NEW DELHI (Reuters) – Prime Minister Manmohan Singh fought for his reputation as the architect of India’s economic reforms on Friday, insisting that the current growth and currency crunch was no repeat of the 1991 balance of payments crisis that made him a household name.

An economist by training, Singh’s long political career has been book-ended by crises.

Aug 30, 2013

India’s Singh fights for “reformer” legacy as economy totters

NEW DELHI, Aug 30 (Reuters) – Prime Minister Manmohan Singh
fought for his reputation as the architect of India’s economic
reforms on Friday, insisting that the current growth and
currency crunch was no repeat of the 1991 balance of payments
crisis that made him a household name.

An economist by training, Singh’s long political career has
been book-ended by crises.

Aug 30, 2013

Indian PM Singh says economy can weather rupee storm

NEW DELHI/MUMBAI (Reuters) – India’s prime minister sought to quell talk of currency crisis on Friday, after the rupee plumbed record lows as it notched its biggest ever monthly fall, but there was no word of sweeping reforms needed to restore investor confidence.

Weak economic growth, a record high current account deficit and concerns about the government’s finances are proving a toxic mix for the rupee, which hit a record low of 68.85 to the dollar on Wednesday after falling 20 percent since May.

Aug 30, 2013

Indian Prime Minister Singh says economy can weather rupee storm

NEW DELHI/MUMBAI (Reuters) – India’s prime minister sought to quell talk of currency crisis on Friday, after the rupee plumbed record lows as it notched its biggest ever monthly fall, but there was no word of sweeping reforms needed to restore investor confidence.

Weak economic growth, a record high current account deficit and concerns about the government’s finances are proving a toxic mix for the rupee, which hit a record low of 68.85 to the dollar on Wednesday after falling 20 percent since May.