Manoj's Feed
Feb 25, 2015

India to embark on rail investment splurge thanks to cheap oil

NEW DELHI, Feb 25 (Reuters) – India’s decrepit state-run
train services stand to receive at least a 25 percent boost in
investment to over $9 billion, funded solely by falling fuel
costs, according to officials familiar with a railway budget set
to be unveiled on Thursday.

The world’s fourth largest rail network could get even more
if Prime Minister Narendra Modi makes it a priority, as China
did during its rapid economic growth over the past two decades.

Feb 20, 2015

Subsidy cuts in budget may disappoint investors

NEW DELHI (Reuters) – India may slash its food and fuel subsidy bill by about $8 billion in next week’s budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi’s first full budget.

Most of the 20 percent cut in the budget for subsidies results from lower global oil prices rather than structural changes, with the government’s appetite for reform tempered by a heavy local election defeat in New Delhi this month.

Feb 20, 2015

Exclusive: Subsidy cuts in India’s budget may disappoint investors

NEW DELHI (Reuters) – India may slash its food and fuel subsidy bill by about $8 billion in next week’s budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi’s first full budget.

Most of the 20 percent cut in the budget for subsidies results from lower global oil prices rather than structural changes, with the government’s appetite for reform tempered by a heavy local election defeat in New Delhi this month.

Feb 20, 2015

Subsidy cuts in India’s budget may disappoint investors

NEW DELHI, Feb 20 (Reuters) – India may slash its food and
fuel subsidy bill by about $8 billion in next week’s budget, two
sources said, but despite the impressive headline, the cut is
not as radical as free market champions had hoped for in Prime
Minister Narendra Modi’s first full budget.

Most of the 20 percent cut in the budget for subsidies
results from lower global oil prices rather than structural
changes, with the government’s appetite for reform tempered by a
heavy local election defeat in New Delhi this month.

Feb 12, 2015

Retail inflation accelerates in Jan, but stays below RBI’s target

NEW DELHI (Reuters) – India’s retail inflation accelerated in January after shifting to a new base year for calculating prices, but stayed well below the Reserve Bank of India’s (RBI) target, bolstering prospects for further interest rate cuts.

Consumer prices rose an annual 5.11 percent compared with a 4.28 percent gain in December, the statistics department said on Thursday after it changed the base year for measuring inflation to 2012 from 2010.

Feb 12, 2015

India retail inflation accelerates in Jan, but stays below RBI’s target

NEW DELHI, Feb 12 (Reuters) – India’s retail inflation
accelerated in January after shifting to a new base year for
calculating prices, but stayed well below the central bank’s
target, bolstering prospects for further interest rate cuts.

Consumer prices rose an annual 5.11 percent
compared with a 4.28 percent gain in December, the statistics
department said on Thursday after it changed the base year for
measuring inflation to 2012 from 2010.

Feb 12, 2015

CPI probably rose in Jan on base year shift

NEW DELHI (Reuters) – Indian inflation probably rose in January as the country shifted to a new base year for calculating prices, adding more weight for services like education and health, changes that may deter the central bank from cutting interest rates soon.

A collapse in global oil prices has unleashed a wave of monetary easing around the world as central bankers seek to stave off deflation and bolster their economies.

Feb 11, 2015

Consumer inflation probably rose in Jan on base year shift

NEW DELHI (Reuters) – Indian inflation probably rose in January as the country shifted to a new base year for calculating prices, adding more weight for services like education and health, changes that may deter the central bank from cutting interest rates soon.

A collapse in global oil prices has unleashed a wave of monetary easing around the world as central bankers seek to stave off deflation and bolster their economies.

Feb 11, 2015

India consumer inflation probably rose in Jan on base year shift

NEW DELHI, Feb 12 (Reuters) – Indian inflation probably rose
in January as the country shifted to a new base year for
calculating prices, adding more weight for services like
education and health, changes that may deter the central bank
from cutting interest rates soon.

A collapse in global oil prices has unleashed a wave of
monetary easing around the world as central bankers seek to
stave off deflation and bolster their economies.

Feb 10, 2015

India aims to amend arbitration law to lure foreign investors

NEW DELHI (Reuters) – India plans to amend its arbitration law, setting time limits for courts and easing judicial rules to decide corporate disputes, as it seeks to attract more foreign investment, Law Minister Sadananda Gowda said on Tuesday.

Many domestic and foreign companies, such as British telecoms major Vodafone (VOD.L: Quote, Profile, Research), prefer Singapore, Hong Kong and London as arbitration venues, since winning final settlements from Indian courts can take years.