Manoj's Feed
Nov 29, 2013

India talks tough on WTO, but does not rule out deal

NEW DELHI, Nov 29 (Reuters) – - India’s trade minister said
on Friday he will not compromise on food subsidies for the poor
at a WTO meeting next week, but left open the possibility of an
interim subsidy deal designed to salvage a trillion-dollar trade
pact.

India is seen holding the key to the credibility of the
World Trade Organization talks and to a global trade deal at the
meeting in Bali next week.

Nov 27, 2013

Ministries clash over capping foreign stakes in drug firms

NEW DELHI (Reuters) – The finance ministry is resisting pressure from other departments to cap foreign ownership of domestic drugmakers, fearing such a move would discourage potential investors, a senior ministry source said.

The industry ministry and the health ministry have proposed that the government limit foreign ownership to 49 percent of domestic pharmaceutical firms that produce critical drugs such as vaccines and cancer treatment medicines.

Nov 27, 2013

Indian ministries clash over capping foreign stakes in drug firms

NEW DELHI, Nov 26 (Reuters) – India’s finance ministry is
resisting pressure from other departments to cap foreign
ownership of domestic drugmakers, fearing such a move would
discourage potential investors, a senior ministry source said.

The industry ministry and the health ministry have proposed
that the government limit foreign ownership to 49 percent of
domestic pharmaceutical firms that produce critical drugs such
as vaccines and cancer treatment medicines.

Nov 26, 2013

As WTO deal teeters, some blame Indian electioneering

GENEVA/NEW DELHI, Nov 26 (Reuters) – India may hold the key
to the credibility of the World Trade Organization and to a
trillion-dollar trade deal that apparently was derailed this
week, diplomats in Geneva said on Tuesday.

WTO chief Roberto Azevedo said negotiations by ambassadors
in Geneva had gone as far as they could. Specific difficulties
and last-minute backtracking now can only be overcome by trade
ministers at a biennial meeting on Dec 3-6, he said.

Nov 22, 2013

India to seek rupee trade payments to help currency

NEW DELHI (Reuters) – India is preparing to lobby major trading partners including Japan, Iraq and Venezuela to accept rupee payments for some of their exports, one of a series of moves to stabilise the volatile currency and make it more globally acceptable.

Restrictions on large transactions of rupees against foreign currencies are intended to protect India from sustained speculative assaults, but they also limit interest in the rupee and foreign investment flows.

Nov 22, 2013

India to seek rupee trade payments to support battered currency

NEW DELHI (Reuters) – India is preparing to lobby major trading partners including Japan, Iraq and Venezuela to accept rupee payments for some of their exports, one of a series of moves to stabilise the volatile currency and make it more globally acceptable.

Restrictions on large transactions of rupees against foreign currencies are intended to protect India from sustained speculative assaults, but they also limit interest in the rupee and foreign investment flows.

Nov 14, 2013

Inflation at 7 percent, hits eight-month high in October

NEW DELHI (Reuters) – India’s wholesale price index rose to an eight-month high in October, driven by costlier fuel and manufactured goods, raising the prospect of a fresh rate hike despite the central bank governor’s soothing words earlier on core retail inflation.

The wholesale price index (WPI), climbed 7.0 percent in October, compared with 6.46 percent in September, the Commerce and Industry Ministry said on Thursday.

Nov 14, 2013

India’s headline inflation hits 8-mth high in Oct

NEW DELHI, Nov 14 (Reuters) – India’s wholesale price index
rose to an eight-month high in October, driven by costlier fuel
and manufactured goods, raising the prospect of a fresh rate
hike despite the central bank governor’s soothing words earlier
on core retail inflation.

The wholesale price index (WPI), climbed 7.0
percent in October, compared with 6.46 percent in September, the
Commerce and Industry Ministry said on Thursday.

Nov 12, 2013

Inflation seen staying uncomfortably high in Oct

NEW DELHI (Reuters) – Inflation is forecast to have risen to uncomfortable levels for policymakers in October due to stubbornly high food prices, adding to the pressure for further interest rate rises despite slowing economic growth.

Data on Tuesday is forecast to show annual consumer inflation at 9.9 percent in October, up slightly from September, and figures on Friday are expected to show wholesale inflation running at an eight-month high of 6.90 percent, according to Reuters polls of economists.

Nov 12, 2013

India inflation seen staying uncomfortably high in October

NEW DELHI, Nov 12 (Reuters) – Indian inflation is forecast
to have risen to uncomfortable levels for policymakers in
October due to stubbornly high food prices, adding to the
pressure for further interest rate rises despite slowing
economic growth.

Data on Tuesday is forecast to show annual consumer
inflation at 9.9 percent in October, up slightly from September,
and figures on Friday are expected to show wholesale inflation
running at an eight-month high of 6.90 percent, according to
Reuters polls of economists.