Matthias's Feed
Sep 28, 2012

Economy teeters at “fiscal precipice” – Kelkar panel

NEW DELHI (Reuters) – India is on the edge of a “fiscal precipice” and should urgently slash fuel, food and fertilizer subsidies to curb a budget deficit that could hit 6.1 percent of gross domestic product this fiscal year, a government panel warned.

The panel’s report, published on Friday, will feed worries about the state of Asia’s third-largest economy, where growth has slowed sharply and a large deficit caused by a ballooning subsidy bill has sparked fears of a rating downgrade.

Sep 28, 2012

India economy teeters at “fiscal precipice”-govt panel

NEW DELHI, Sept 28 (Reuters) – India is on the edge of a
“fiscal precipice” and should urgently slash fuel, food and
fertilizer subsidies to curb a budget deficit that could hit 6.1
percent of gross domestic product this fiscal year, a government
panel warned.

The panel’s report, published on Friday, will feed worries
about the state of Asia’s third-largest economy, where growth
has slowed sharply and a large deficit caused by a ballooning
subsidy bill has sparked fears of a rating downgrade.

Sep 19, 2012

Fukushima fallout seeps into India’s nuclear push

KUDANKULAM, India (Reuters) – On a wind-whipped beach on India’s southern tip, a small fishing community feels it is falling dangerously on the wrong side of history.

While much of the world is turning its back on nuclear energy, the villagers of Kudankulam, in a part of India hit by the 2004 Indian Ocean tsunami, say their government is gambling with their lives by opening one of Asia’s first new nuclear reactors since the 2011 Fukushima disaster in Japan.

Sep 18, 2012

Fukushima fallout seeps into India’s troubled nuclear push

KUDANKULAM, India (Reuters) – On a wind-whipped beach on India’s southern tip, a small fishing community feels it is falling dangerously on the wrong side of history.

While much of the world is turning its back on nuclear energy, the villagers of Kudankulam, in a part of India hit by the 2004 Indian Ocean tsunami, say their government is gambling with their lives by opening one of Asia’s first new nuclear reactors since the 2011 Fukushima disaster in Japan.

Sep 14, 2012

Factbox – India throws open doors to foreign supermarkets, again

NEW DELHI (Reuters) – India opened its retail sector to foreign supermarkets on Friday, a major economic reform that has been stalled for months by political gridlock and came as part of a package of measures aimed at reviving growth.

The policy comes with provisos which, some analysts said, could hamper firms hoping to set up shop in the world’s second-most populous country.

Sep 14, 2012

India allows FDI in retail, again

NEW DELHI (Reuters) – India opened its retail sector to foreign supermarkets on Friday, a major economic reform that has been stalled for months by political gridlock and came as part of a package of measures aimed at reviving growth.

(FDI in retail, aviation sectors allowed. Read here)

The policy comes with provisos which, some analysts said, could hamper firms hoping to set up shop in the world’s second-most populous country.

Sep 14, 2012

India throws open doors to foreign supermarkets, again

NEW DELHI, Sept 14 (Reuters) – India opened its retail
sector to foreign supermarkets on Friday, a major economic
reform that has been stalled for months by political gridlock
and came as part of a package of measures aimed at reviving
growth.

The policy comes with provisos which, some analysts said,
could hamper firms hoping to set up shop in the world’s
second-most populous country.

Sep 14, 2012

Govt allows FDI multi-brand retail, aviation in bold reform push

NEW DELHI (Reuters) – After months of dithering on the economy, India’s beleaguered government roared back to life in dramatic fashion on Friday, announcing big bang reforms as part of package of measures aimed at reviving growth and staving off a ratings downgrade.

A day after sharply increasing the price of heavily subsidized diesel, the government said it was opening up its supermarket sector to foreign chains and would allow more foreign investment in airlines and broadcasters. It also approved the sale of stakes in four state-run industries.

Sep 14, 2012

After months of inertia, India unveils big bang reforms

NEW DELHI, Sept 14 (Reuters) – After months of dithering on
the economy, India’s beleaguered government roared back to life
in dramatic fashion on Friday, announcing big bang reforms as
part of package of measures aimed at reviving growth and staving
off a ratings downgrade.

A day after sharply increasing the price of heavily
subsidized diesel, the government said it was opening up its
supermarket sector to foreign chains and would allow more
foreign investment in airlines and broadcasters. It also
approved the sale of stakes in four state-run industries.

Aug 1, 2012

Media barbs puncture India anti-corruption campaign

NEW DELHI (Reuters) – A renewed push by India’s anti-corruption crusader Anna Hazare has been overshadowed by a row with the increasingly powerful media, which could weaken the veteran activist’s position as he prepares for another showdown with the government.

Hazare began another public hunger strike in New Delhi on Sunday to put pressure on Prime Minister Manmohan Singh’s government to pass a long-delayed bill to create an anti-graft ombudsman during the parliament session that starts next week.