Manoj's Feed
Apr 11, 2014

India’s trade deficit hits 5-month high in March

NEW DELHI, April 11 (Reuters) – India’s trade deficit hit a
five-month high in March as merchandise exports fell for a
second straight month, making it tougher for policymakers to
lift curbs on gold imports that have helped to narrow the
country’s current account gap.

Asia’s third-largest economy, which is struggling through
its longest period of sub-5 percent economic growth since the
1980s, is seen vulnerable to any shift in capital flows.

Apr 10, 2014

As riot-hit Muzaffarnagar votes, religious divide favours Modi

MUZAFFARNAGAR (Reuters) – Manoj Balyan wants Narendra Modi to become India’s next prime minister when results of a general election are released next month, and not because of the pro-business opposition leader’s record as a credible economic manager.

Instead, the property broker and village chieftain is drawn to the Hindu nationalist side of Modi, 63, who he believes will strip privileges from the country’s minority Muslim population.

Apr 10, 2014

As riot-hit Indian region votes, religious divide favors Hindu leader

MUZAFFARNAGAR, India (Reuters) – Manoj Balyan wants Narendra Modi to become India’s next prime minister when results of a general election are released next month, and not because of the pro-business opposition leader’s record as a credible economic manager.

Instead, the property broker and village chieftain is drawn to the Hindu nationalist side of Modi, 63, who he believes will strip privileges from India’s minority Muslim population.

Apr 3, 2014

Post-election showdown looms for Raghuram Rajan

NEW DELHI (Reuters) – India’s high-profile RBI governor is likely to come under political pressure to retreat from his hawkish stance on inflation if opposition leader Narendra Modi wins power in the general election.

Strategists in Modi’s Bharatiya Janata Party (BJP), confident that his jobs-first policy pitch will secure a strong voter mandate, suggest that they would prefer to have one of their own at the helm of the Reserve Bank of India (RBI).

Apr 3, 2014

Post-election showdown looms for India’s central bank chief

NEW DELHI (Reuters) – India’s high-profile central bank governor is likely to come under political pressure to retreat from his hawkish stance on inflation if opposition leader Narendra Modi wins power in the country’s general election.

Strategists in Modi’s Bharatiya Janata Party (BJP), confident that his jobs-first policy pitch will secure a strong voter mandate, suggest that they would prefer to have one of their own at the helm of the Reserve Bank of India (RBI).

Mar 24, 2014

Wary of pollsters, many draw election tips from bookies

NEW DELHI (Reuters) – Despite India’s prohibitions on gambling, anyone keen to bet on who will be the next occupant of the prime minister’s residence at 7, Race Course Road can call a closely guarded phone number, or find the right doorway in a city backstreet.

The world’s largest democracy goes to the ballot box next month. Election results are typically hard to call, and formal opinion polls have a patchy record in gauging voter trends.

Mar 24, 2014

Wary of pollsters, Indians draw election tips from illegal bookies

NEW DELHI (Reuters) – Despite India’s prohibitions on gambling, anyone keen to bet on who will be the next occupant of the prime minister’s residence at 7, Race Course Road can call a closely guarded phone number, or find the right doorway in a city backstreet.

The world’s largest democracy goes to the ballot box next month. Election results are typically hard to call, and formal opinion polls have a patchy record in gauging voter trends.

Mar 21, 2014

Government raises $1.4 billion in divestment push

MUMBAI/NEW DELHI (Reuters) – The government on Friday raised as much as $1.4 billion through share sales, in a push to shore up state finances before it heads into a tough parliamentary election next month.

As a result, New Delhi managed to exceed its sharply-lowered budget target to raise as much as $3.1 billion via stake sales in some private as well as state companies in the fiscal year to March 31, after years of falling short.

Mar 21, 2014

India raises $1.4 bln in divestment push to bolster revenue

MUMBAI/NEW DELHI, March 21 (Reuters) – The Indian government
on Friday raised as much as $1.4 billion through share sales, in
a push to shore up state finances before it heads into a tough
parliamentary election next month.

As a result, New Delhi managed to exceed its sharply-lowered
budget target to raise as much as $3.1 billion via stake sales
in some private as well as state companies in the fiscal year to
March 31, after years of falling short.

Mar 14, 2014

Government aims to sell stakes in companies via up to $490 million ETF

MUMBAI/NEW DELHI (Reuters) – The government is seeking to raise around $500 million by selling partial stakes in 10 state-owned companies via an exchange traded fund that will be operated by Goldman Sachs’ (GS.N: Quote, Profile, Research) asset management unit.

The Central Public Sector Enterprises ETF will start accepting subscriptions starting on Tuesday with an aim to raise as much as 30 billion rupees by March 21.