Manoj's Feed
Feb 14, 2014

Finance minister seen walking budget tightrope

NEW DELHI (Reuters) – Finance Minister P. Chidambaram will be walking a tightrope when he presents an interim budget for the coming fiscal year on Monday, doling out more funds to woo voters and tax cuts to support industry while projecting a lower fiscal deficit before elections.

Asia’s third-largest economy is facing its worst economic slowdown in nearly a decade, with shrinking manufacturing, slower jobs growth and high inflation limiting the government’s ability to offer sops to voters or companies to boost growth.

Feb 14, 2014

India’s finance minister seen walking budget tightrope as economy slows

NEW DELHI (Reuters) – India’s finance minister will be walking a tightrope when he presents an interim budget for the coming fiscal year on Monday, doling out more funds to woo voters and tax cuts to support industry while projecting a lower fiscal deficit before elections.

Asia’s third-largest economy is facing its worst economic slowdown in nearly a decade, with shrinking manufacturing, slower jobs growth and high inflation limiting the government’s ability to offer sops to voters or companies to boost growth.

Feb 12, 2014

Fares, freight rates on hold in rail budget ahead of polls

NEW DELHI (Reuters) – India left train fares and freight rates unchanged in its interim railway budget, as politicians try to please voters and manufacturing companies ahead of national elections due in the next three months.

India’s state-owned railways are the world’s fourth-largest, with 65,000 km (40,000 miles) of track, after the United States, China and Russia, but have suffered from years of low investment and a lack of policy reforms.

Feb 12, 2014

India keeps railway fares, freight rates on hold ahead of polls

NEW DELHI, Feb 12 (Reuters) – India left train fares and
freight rates unchanged in its interim railway budget, as
politicians try to please voters and manufacturing companies
ahead of national elections due in the next three months.

India’s state-owned railways are the world’s fourth-largest,
with 65,000 km (40,000 miles) of track, after the United
States, China and Russia, but have suffered from years of low
investment and a lack of policy reforms.

Feb 11, 2014

India warns U.S. about dumping investigation in solar trade spat

NEW DELHI, Feb 11 (Reuters) – India said on Tuesday it was
investigating U.S. policies supporting solar panel makers, the
latest move in an escalating row over renewable energy that has
worsened already strained ties between the two countries.

The Obama administration said on Monday it was filing a
second case at the World Trade Organization over the domestic
content requirements in India’s solar programme, which aims to
ease chronic energy shortages in Asia’s third-largest economy.

Feb 10, 2014

U.S. to announce trade enforcement action linked to India

NEW DELHI (Reuters) – The United States will on Monday announce a trade enforcement action linked to India, potentially dealing another blow to bilateral relations damaged in December by the arrest and strip-search of an Indian consul.

U.S. Trade Representative Michael Froman will hold a news conference at 2 p.m., his office said on Sunday night. It said it could offer no additional details.

Feb 7, 2014

India cuts growth forecast to less than five percent before election

NEW DELHI (Reuters) – India on Friday cut its estimate of annual growth for the fiscal year to 4.9 percent from 5 percent because of a contraction in the manufacturing and mining sectors.

The revision down will do little to help the Congress party-led ruling alliance, which faces an uphill battle in a general election due by May amid allegations of economic mismanagement, corruption scams and high inflation.

Feb 7, 2014

Govt cuts growth forecast to less than 5 pct before polls

NEW DELHI (Reuters) – India on Friday cut its estimate of annual growth for the fiscal year to 4.9 percent from 5 percent because of a contraction in the manufacturing and mining sectors.

The revision down will do little to help the Congress party-led ruling alliance, which faces an uphill battle in a general election due by May amid allegations of economic mismanagement, corruption scams and high inflation.

Feb 7, 2014

India cuts growth forecast to less than 5 pct before election

NEW DELHI, Feb 7 (Reuters) – India on Friday cut its
estimate of annual growth for the fiscal year to 4.9 percent
from 5 percent because of a contraction in the manufacturing and
mining sectors.

The revision down will do little to help the Congress
party-led ruling alliance, which faces an uphill battle in a
general election due by May amid allegations of economic
mismanagement, corruption scams and high inflation.

Feb 6, 2014

Govt braces for likely lower growth forecast before polls

NEW DELHI (Reuters) – India on Friday is likely to cut its estimate of 5 percent growth forecast for the fiscal year that ends on March 31, thanks to a slower-than-expected recovery by industries.

The revision will do little to help the Congress party-led ruling alliance, which faces an uphill battle in elections due by May amid allegations of economic mismanagement, corruption scams and high inflation.