Matthias's Feed
Dec 9, 2012

Analysis: The rise of Narendra Modi, a double-edged sword for India’s BJP

NEW DELHI (Reuters) – As the prosperous, coastal Indian state of Gujarat goes to the polls this week, few doubt Narendra Modi will win a fourth successive term as its chief minister.

What is not clear is whether the popular, but divisive 62-year-old will win a big enough mandate to secure the backing of his party to lead the charge against Prime Minister Manmohan Singh’s coalition in a general election due by 2014.

Dec 9, 2012

The rise of Narendra Modi, a double-edged sword for India’s BJP

NEW DELHI, Dec 10 (Reuters) – As the prosperous, coastal
Indian state of Gujarat goes to the polls this week, few doubt
Narendra Modi will win a fourth successive term as its chief
minister.

What is not clear is whether the popular, but divisive
62-year-old will win a big enough mandate to secure the backing
of his party to lead the charge against Prime Minister Manmohan
Singh’s coalition in a general election due by 2014.

Dec 3, 2012

Reforms face test with parliament vote

NEW DELHI (Reuters) – The government’s stuttering economic reform programme faces a key parliamentary test this week on whether to let foreign supermarket chains such as Wal-Mart Stores (WMT.N: Quote, Profile, Research) set up shop, in a vote that could pave the way for further measures to revive the economy.

Prime Minister Manmohan Singh’s minority UPA government bowed to opposition pressure last week in agreeing to a vote, ending days of deadlock in parliament and cheering investors who saw it as a sign of a renewed policy momentum to come.

Dec 2, 2012

Indian reforms face test with parliament vote

NEW DELHI (Reuters) – India’s stuttering economic reform program faces a key parliamentary test this week on whether to let foreign supermarket chains such as Wal-Mart Stores set up shop, in a vote that could pave the way for further measures to revive the economy.

Prime Minister Manmohan Singh’s minority government bowed to opposition pressure last week in agreeing to a vote, ending days of deadlock in parliament and cheering investors who saw it as a sign of a renewed policy momentum to come.

Nov 21, 2012

Profile: Kasab, the baby-faced Pakistan gunman, hanged for Mumbai attacks

NEW DELHI (Reuters) – When police asked Mohammad Ajmal Kasab whether he felt pity for the people he gunned down during one of India’s bloodiest militant attacks, he said he had given it some thought beforehand.

He had been assured “you have to do these things, if you’re going to be a big man and get rewarded in heaven”, according to video footage of his interrogation, in which he talked of his training and handlers.

Nov 21, 2012

Profile – The baby-faced Pakistan gunman hanged for Mumbai attacks

NEW DELHI (Reuters) – When police asked Mohammad Ajmal Kasab whether he felt pity for the people he gunned down during one of India’s bloodiest militant attacks, he said he had given it some thought beforehand.

He had been assured “you have to do these things, if you’re going to be a big man and get rewarded in heaven”, according to video footage of his interrogation, in which he talked of his training and handlers.

Nov 21, 2012

The baby-faced Pakistan gunman hanged for Mumbai attacks

NEW DELHI (Reuters) – When police asked Mohammad Ajmal Kasab whether he felt pity for the people he gunned down during one of India’s bloodiest militant attacks, he said he had given it some thought beforehand.

He had been assured “you have to do these things, if you’re going to be a big man and get rewarded in heaven”, according to video footage of his interrogation, in which he talked of his training and handlers.

Nov 15, 2012

October inflation surprises; slowest in 8 months

NEW DELHI (Reuters) – India’s headline inflation unexpectedly eased to its slowest pace in eight months in October, a welcome relief from a string of bad data but still high enough to be a headache for policymakers struggling to balance the need for growth with taming prices.

Wholesale prices – India’s main inflation gauge – rose an annual 7.45 percent, the slowest pace since February, government data released on Wednesday showed.

Nov 14, 2012

India inflation slows slightly in October

NEW DELHI, Nov 14 (Reuters) – India’s headline inflation
slowed slightly in October but was still high enough to be a
headache for the central bank and the government as they
struggle to tame prices and revive flagging growth ahead of
elections.

Wholesale prices – India’s main inflation gauge
- rose an annual 7.45 percent, data showed on Wednesday. That
was down from the 7.81 percent reported in September, as food
and fuel prices rose less quickly, and less than the 7.96
percent predicted in a Reuters poll of analysts.

Nov 12, 2012

Dismal trade, IIP data deepen economy fears

NEW DELHI (Reuters) – India’s economic gloom deepened on Monday with a surprise contraction in industrial production, a fall in exports and higher retail inflation, dashing hopes of a quick revival in an economy on track to post its slowest growth in a decade.

The data will add pressure on the government to boost economic growth by fast-tracking stalled tax and regulatory reforms. It will also bolster calls for an interest rate cut by the country’s central bank, which has so far ruled out any before January, citing high inflation.