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Sep 10, 2014

Indian finance minister out of hospital, to skip G20

NEW DELHI (Reuters) – Indian Finance Minister Arun Jaitley was released from hospital on Wednesday after a longer-than-expected stay for treatment, and will miss a meeting of finance ministers from the Group of 20 nations in Australia next week.

Jaitley was admitted to a private hospital in New Delhi on Sept. 1 for planned surgery to manage a long-standing diabetic condition, and had originally been expected to leave after a few days.

Sep 10, 2014

Finance minister Jaitley out of hospital, to skip G20

NEW DELHI (Reuters) – Finance Minister Arun Jaitley was released from hospital on Wednesday after a longer-than-expected stay for treatment, and will miss a meeting of finance ministers from the Group of 20 nations in Australia next week.

Jaitley was admitted to a private hospital in New Delhi on Sept. 1 for planned surgery to manage a long-standing diabetic condition, and had originally been expected to leave after a few days.

Sep 10, 2014

India will not impose anti-dumping duty on solar panels – minister

NEW DELHI, Sept 10 (Reuters) – India’s finance ministry has
decided against imposing an anti-dumping duty on imports of
solar panels, its trade and junior finance minister said on
Wednesday.

Days before Prime Minister Narendra Modi took office in May,
a quasi-judicial body ordered the imposition of the duty on
panels imported from the United States, China, Taiwan and
Malaysia to protect domestic solar manufacturers.

Sep 10, 2014

Arun Jaitley skips G20 meeting, still in hospital

NEW DELHI (Reuters) – Finance Minister Arun Jaitley will miss a meeting of finance ministers from the Group of 20 nations in Australia next week as he is still in hospital undergoing treatment, the finance ministry said on Wednesday.

Jaitley was admitted to a private hospital in New Delhi on Sept. 1 for surgery to manage a long-standing diabetic condition, and had originally been expected to leave after a few days.

Sep 10, 2014

Indian finance minister skips G20 meeting, still in hospital

NEW DELHI, Sept 10 (Reuters) – Indian Finance Minister Arun
Jaitley will miss a meeting of finance ministers from the Group
of 20 nations in Australia next week as he is still in hospital
undergoing treatment, the finance ministry said on Wednesday.

Jaitley was admitted to a private hospital in New Delhi on
Sept. 1 for surgery to manage a long-standing diabetic
condition, and had originally been expected to leave after a few
days.

Sep 9, 2014

India to revise GDP measurement next year, economy may be larger

NEW DELHI (Reuters) – India will soon revise the way it measures gross domestic product to reflect under-represented and informal economic sectors, two government sources said, in an initiative that is expected to show the economy is larger than previously thought.

India usually revises the method of calculating national accounts and other macro data every five years, bringing in a newer base year and adjusting for changes in the economy.

Sep 7, 2014

No quick fix for coal supply crisis – minister

NEW DELHI (Reuters) – The government on Sunday blamed cost overruns at coal projects and $50 billion in losses at state electricity distributors for a power crisis that has become the first test of Prime Minister Narendra Modi’s management of the economy.

Power and Coal Minister Piyush Goyal warned that it would take years to alleviate coal supply shortages, which have reduced stocks at thermal power stations to their lowest since a huge blackout in 2012 cut off 620 million people.

Sep 7, 2014

No quick fix for India’s coal supply crisis – minister

NEW DELHI, Sept 7 (Reuters) – The Indian government on
Sunday blamed cost overruns at coal projects and $50 billion in
losses at state electricity distributors for a power crisis that
has become the first test of Prime Minister Narendra Modi’s
management of the economy.

Power and Coal Minister Piyush Goyal warned that it would
take years to alleviate coal supply shortages, which have
reduced stocks at thermal power stations to their lowest since a
huge blackout in 2012 cut off 620 million people.

Sep 5, 2014

Australia’s Abbott offers uranium, coal to energy-starved India

NEW DELHI, Sept 5 (Reuters) – Australian Prime Minister Tony
Abbott said he would seal a civil nuclear deal to sell uranium
to India on Friday, offering to ramp up supplies of energy to
help the emerging Asian giant overcome chronic shortages.

Prime Minister Narendra Modi greeted Abbott with full state
honours during his two-day visit to India. The two leaders were
due to hold formal talks later and sign the deal to sell uranium
for peaceful power generation.

Aug 28, 2014

Modi: Banking for all to end “financial untouchability”

NEW DELHI (Reuters) – Prime Minister Narendra Modi promised on Thursday to end “financial untouchability” with a scheme to ensure the majority of households in his country of nearly 1.3 billion people has a bank account within months.

If successful, the scheme could help mend strained state finances by better targeting billions of dollars in welfare spending as well as relieving poverty in a country where about 40 percent of the population has no access to banking.