Manoj's Feed
Mar 4, 2014

India hardens stance against U.S. protectionism ahead of visits

NEW DELHI (Reuters) – India’s trade minister on Tuesday accused the United States of excessive trade protectionism, launching a broadside that coincided with the visit of a top U.S. official to patch up a stormy bilateral friendship.

Trade friction between the two countries has increased ahead of a general election in India, amid lingering tension over the recent arrest and strip search of a female diplomat in New York suspected of visa fraud.

Mar 2, 2014

BJP may allow more foreign investment in insurance

NEW DELHI (Reuters) – The Bharatiya Janata Party (BJP) will consider raising the cap on foreign investment in the insurance sector from the current level of 26 percent if it comes to power after elections due by May, a senior party leader said on Sunday.

Opening up over $45 billion insurance business to greater foreign participation is key to reviving investment in the economy, and the ruling Congress government has repeatedly sought parliament’s approval to raise the limit to 49 percent.

Mar 2, 2014

India’s BJP may allow more foreign investment in insurance

NEW DELHI, March 2 (Reuters) – India’s opposition Bharatiya
Janata Party will consider raising the cap on foreign investment
in the insurance sector from the current level of 26 percent if
it comes to power after elections due by May, a senior party
leader said on Sunday.

Opening up over $45 billion insurance business to greater
foreign participation is key to reviving investment in the
economy, and the ruling Congress government has repeatedly
sought parliament’s approval to raise the limit to 49 percent.

Feb 28, 2014

GDP up 4.7 percent in Dec quarter; data disappoints ahead of election

NEW DELHI (Reuters) – Contracting industrial output and an investment slowdown dragged India’s economic growth to a worse-than-expected 4.7 percent in the three months to December, the last major data release before a general election showed on Friday.

The performance of Asia’s third-largest economy fell short of the 4.9 percent growth that had been expected in a Reuters poll of economists, and decelerated fractionally from the prior quarter.

Feb 28, 2014

Indian GDP number disappoints before election

NEW DELHI, Feb 28 (Reuters) – Contracting industrial output
and an investment slowdown dragged India’s economic growth to a
worse-than-expected 4.7 percent in the three months to December,
the last major data release before a general election showed on
Friday.

The performance of Asia’s third-largest economy fell short
of the 4.9 percent growth that had been expected in a Reuters
poll of economists, and decelerated fractionally from the prior
quarter.

Feb 28, 2014

Weak industry, investment to cap Oct-Dec GDP growth

NEW DELHI (Reuters) – Contracting industrial output and an investment slowdown likely capped India’s economic growth below 5 percent in the three months to December, despite a pickup in exports and farm output.

Asia’s third-largest economy is expected to grow by 4.9 percent in the quarter from a year earlier, in line with expectations for the fiscal year to March and a shade up on the 4.8 percent pace in the preceding quarter, according to a Reuters poll of economists.

Feb 28, 2014

Weak industry, investment to cap India Oct-Dec GDP growth

NEW DELHI, Feb 28 (Reuters) – Contracting industrial output
and an investment slowdown likely capped India’s economic
growth below 5 percent in the three months to December, despite
a pickup in exports and farm output.

Asia’s third-largest economy is expected to grow by 4.9
percent in the quarter from a year earlier, in line with
expectations for the fiscal year to March and a shade up on the
4.8 percent pace in the preceding quarter, according to a
Reuters poll of economists.

Feb 27, 2014

India’s Modi signals shift in favour of big retail

NEW DELHI, Feb 27 (Reuters) – Indian opposition candidate
for prime minister Narendra Modi said on Thursday the country’s
millions of family-owned traders must learn to work with large
modern stores and online retailers, in comments that could
signal a shift in thinking.

Modi’s Bharatiya Janata Party (BJP) opposes a policy to
allow foreign supermarkets to open in India, which it says is a
threat to millions of grocery stores and traders who are a
backbone of the party’s support.

Feb 27, 2014

Modi tells small traders to rise to challenge of big retail

NEW DELHI (Reuters) – Opposition candidate for prime minister Narendra Modi said on Thursday India’s millions of family-owned traders must learn to work with large modern shops and online retailers, in comments that could signal a shift in thinking.

Modi’s Bharatiya Janata Party opposes a policy to allow foreign supermarkets to open in India, which it says is a threat to millions of grocery stores and traders who are a backbone of the party’s support.

Feb 27, 2014

India’s Modi tells small traders to rise to challenge of big retail

NEW DELHI (Reuters) – Indian opposition candidate for prime minister Narendra Modi said on Thursday the country’s millions of family-owned traders must learn to work with large modern shops and online retailers, in comments that could signal a shift in thinking.

Modi’s Bharatiya Janata Party opposes a policy to allow foreign supermarkets to open in India, which it says is a threat to millions of grocery stores and traders who are a backbone of the party’s support.