Sanjeev's Feed
Aug 15, 2014

Modi vows to fix government muddle

NEW DELHI (Reuters) – Prime Minister Narendra Modi voiced dismay on Friday at the government in-fighting he found on assuming office in May and vowed to fire up the bureaucracy to deliver results in a country desperately in need of growth and development.

Delivering his first Independence Day speech, Modi emphasised the need for better governance but announced none of the sweeping market reforms that many who handed him India’s biggest election mandate in three decades have been awaiting.

Aug 15, 2014

India’s Modi vows to fix government muddle

NEW DELHI, Aug 15 (Reuters) – Indian Prime Minister Narendra
Modi voiced dismay on Friday at the government in-fighting he
found on assuming office in May and vowed to fire up the
bureaucracy to deliver results in a country desperately in need
of growth and development.

Delivering his first Independence Day speech, Modi
emphasised the need for better governance but announced none of
the sweeping market reforms that many who handed him India’s
biggest election mandate in three decades have been awaiting.

Aug 12, 2014

For some fans of Modi, so far, so disappointing

NEW DELHI (Reuters) – As an election campaigner, Narendra Modi promised sweeping market reforms to revive India’s economy and put the country to work. As prime minister, he has dismayed admirers, apparently reverting to the script of the hapless government he defeated.

To some of the economists and business leaders who as his campaign cheerleaders dared to dream of a Thatcherite revolution, he seems not to be listening. Three months after his win, it is dawning on them that their views count for little.

Aug 12, 2014

For some fans of new Indian leader, so far, so disappointing

NEW DELHI (Reuters) – As an election campaigner, Narendra Modi promised sweeping market reforms to revive India’s economy and put the country to work. As prime minister, he has dismayed admirers, apparently reverting to the script of the hapless government he defeated.

To some of the economists and business leaders who as his campaign cheerleaders dared to dream of a Thatcherite revolution, he seems not to be listening. Three months after his win, it is dawning on them that their views count for little.

Aug 7, 2014

India offers to buy more U.S. helicopters, hopes to drive down costs

NEW DELHI, Aug 7 (Reuters) – India has offered to increase
an order for U.S. Apache helicopters to drive down costs as the
two sides race to close a $1.4 billion deal, officials said, the
first big military contract since a new government took office
in New Delhi.

The Apache gunships and a deal for Chinook helicopters, both
built by Boeing, top the agenda for visiting U.S. Defense
Secretary Chuck Hagel’s talks on Friday with India’s incoming
administration led by Prime Minister Narendra Modi.

Aug 5, 2014

PM faces early resistance in insurance reform push

NEW DELHI (Reuters) – Plans by the government to allow more foreign investment in India’s still-small insurance sector has hit snags in parliament, testing Prime Minister Narendra Modi’s campaign promise to push through reforms to revive the economy.

Over the past week, the government has twice sought to introduce legislation in the upper house of parliament permitting 49 percent foreign participation in an insurance venture, up from 26 percent, but it has been blocked by the opposition.

Aug 5, 2014

India’s PM faces early resistance in insurance reform push

NEW DELHI, Aug 5 (Reuters) – Plans by India’s government to
allow more foreign investment in the country’s still-small
insurance sector has hit snags in parliament, testing Prime
Minister Narendra Modi’s campaign promise to push through
reforms to revive the economy.

Over the past week, the government has twice sought to
introduce legislation in the upper house of parliament
permitting 49 percent foreign participation in an insurance
venture, up from 26 percent, but it has been blocked by the
opposition.

Aug 1, 2014

Doubts surface about Modi after trade deal scuppered

NEW DELHI (Reuters) – Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up one of the world’s biggest markets and sweep away the remnants of the country’s socialist past.

Now potential investors, some of them foreign firms hoping to exploit new opportunities in India’s vast consumer market, are scratching their heads after Modi’s party walked away from a major deal to reform customs rules and make global trade easier.

Aug 1, 2014

Doubts surface about India’s Modi after trade deal scuppered

NEW DELHI, Aug 1 (Reuters) – India’s Prime Minister Narendra
Modi came to office with a reputation as a business-friendly
leader ready to open up one of the world’s biggest markets and
sweep away the remnants of the country’s socialist past.

Now potential investors, some of them foreign firms hoping
to exploit new opportunities in India’s vast consumer market,
are scratching their heads after Modi’s party walked away from a
major deal to reform customs rules and make global trade easier.

Jul 30, 2014

Kerry presses India on global trade deal as deadline looms

NEW DELHI, July 30 (Reuters) – U.S. Secretary of State John
Kerry, who arrived in India on Wednesday for an official visit,
has pressed New Delhi to drop its opposition to global trade
reforms, saying it was a test of the country’s commitment to
advance economic liberalisation.

Kerry made the call in a newspaper article, penned along
with U.S. Commerce Secretary Penny Pritzker, published hours
ahead of his arrival for talks aimed at revitalising ties that
have been mired in disputes over trade, intellectual property
rights and climate change.