Sanjeev's Feed
Sep 23, 2015

India ready to invest over $15 billion in Iran; seeks cheaper gas

NEW DELHI (Reuters) – India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said on Wednesday.

India is one of the handful countries that continued trade links with Iran, isolated by Western countries against its disputed nuclear programme. New Delhi is Tehran’s second biggest oil client after Beijing.

Sep 22, 2015

Javadekar touts “Indian lifestyle” as remedy for climate change

NEW DELHI (Reuters) – Only an “Indian lifestyle” free of the extravagant habits of the West can save the world from the worst of climate change, Environment Minister Prakash Javadekar said on Monday, as the world’s third largest emitter prepared for U.N. talks on global warming.

Javadekar said his country would emit more greenhouse gases as it grows to beat poverty but that India would keep its peak per capita emissions below that of the U.S. and China thanks to a more sustainable way of life.

Sep 21, 2015

India turns to Israel for armed drones as Pakistan, China build fleets

NEW DELHI (Reuters) – India has accelerated plans to buy drones from Israel that can be armed, defense sources said, allowing the military to carry out strikes overseas with less risk to personnel.

The news comes weeks after long-time rival Pakistan first reported using a home-made drone in combat when it attacked militants on its soil, raising the prospect of a new front in the nuclear-armed neighbors’ standoff over Kashmir that has twice spilled into war.

Sep 21, 2015

Minister touts “Indian lifestyle” as remedy for climate change

NEW DELHI (Reuters) – Only an “Indian lifestyle” free of the extravagant habits of the West can save the world from the worst of climate change, Environment Minister Prakash Javadekar said on Monday, as the world’s third largest emitter prepared for U.N. talks on global warming.

Javadekar said his country would emit more greenhouse gases as it grows to beat poverty but that India would keep its peak per capita emissions below that of the U.S. and China thanks to a more sustainable way of life.

Sep 12, 2015

At least 85 killed in restaurant explosions in Madhya Pradesh

NEW DELHI (Reuters) – At least 85 people were killed when a cooking gas cylinder blew up in a crowded restaurant in Madhya Pradesh on Saturday, triggering a second blast of construction detonators stored illegally nearby, police said.

The explosions tore through the restaurant as people sat down for breakfast during the morning rush hour in the town of Petlawad, about 800 km (500 miles) south of New Delhi, Inspector B.L. Gaur told Reuters.

Sep 12, 2015

At least 85 killed in Indian restaurant explosions

NEW DELHI (Reuters) – At least 85 people were killed when a cooking gas cylinder blew up in a crowded restaurant in central India on Saturday, triggering a second blast of construction detonators stored illegally nearby, police said.

The explosions tore through the restaurant as people sat down for breakfast during the morning rush hour in the town of Petlawad, about 800 km (500 miles) south of New Delhi, Inspector B.L. Gaur told Reuters.

Sep 10, 2015

Exclusive: Bangladesh favors Japan for port and power plant, in blow to China

NEW DELHI/DHAKA (Reuters) – Bangladesh may shelve an $8 billion deepwater port project it has been negotiating with China, a government minister said on Thursday, as it looks to pursue a nearby facility financed by the Japanese instead.

Such a decision would be a setback for Chinese President Xi Jinping’s “One Belt One Road” initiative to build a network of ports and expressways and help expand trade, investment and influence in the region.

Sep 10, 2015

Bangladesh favours Japan for port and power plant, in blow to China

NEW DELHI/DHAKA, Sept 10 (Reuters) – Bangladesh may shelve
an $8 billion deepwater port project it has been negotiating
with China, a government minister said on Thursday, as it looks
to pursue a nearby facility financed by the Japanese instead.

Such a decision would be a setback for Chinese President Xi
Jinping’s “One Belt One Road” initiative to build a network of
ports and expressways and help expand trade, investment and
influence in the region.

Aug 12, 2015

Latest Indian, French Rafale deal runs into problems – sources

NEW DELHI (Reuters) – India’s order of 36 French-made Rafale fighter jets has run into trouble with government officials struggling to agree sales terms, sources said, four months after Prime Minister Narendra Modi intervened to break a logjam in previous commercial negotiations.

Two senior Indian defence officials told Reuters that both sides were wrangling over the unit price of the aircraft and a condition that planemaker Dassault Aviation (AVMD.PA: Quote, Profile, Research, Stock Buzz) invest a big percentage of the value of the multi-billion dollar contract in India.

Aug 12, 2015

Latest Indian, French warplane deal runs into problems: sources

NEW DELHI (Reuters) – India’s order of 36 French-made Rafale fighter jets has run into trouble with government officials struggling to agree sales terms, sources said, four months after Prime Minister Narendra Modi intervened to break a logjam in previous commercial negotiations.

Two senior Indian defense officials told Reuters that both sides were wrangling over the unit price of the aircraft and a condition that planemaker Dassault Aviation invest a big percentage of the value of the multi-billion dollar contract in India.