Sanjeev's Feed
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.

Jul 30, 2014

Kerry presses India on WTO deal ahead of arrival

NEW DELHI (Reuters) – U.S. Secretary of State John Kerry, on his way to India 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 trade and investment liberalization.

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

Jul 23, 2014

India bids to reassert influence in Nepal with power pact

NEW DELHI/KATHMANDU (Reuters) – India is set to offer Nepal a landmark pact to help develop its huge hydro-electric power potential as the South Asian giant takes another step to re-assert influence among smaller neighbours where China has been forging closer ties.

Prime Minister Narendra Modi, who went to Bhutan last month on his first overseas trip since coming to power, will soon visit Nepal, which has recently been questioning its position in India’s sphere of influence.

Jul 16, 2014

States seek easier land sales in reform challenge for Modi

NEW DELHI (Reuters) – States eager to kick-start major infrastructure projects have proposed radical changes to land acquisition laws that are blamed for stalling billions of dollars’ worth of roads, railways, ports and power installations.

According to a confidential government paper seen by Reuters, several states want to do away with obtaining landowners’ consent altogether in some cases and to cut through red tape which they say holds up development.

Jul 16, 2014

Indian states seek easier land sales in reform challenge for Modi

NEW DELHI (Reuters) – Indian states eager to kick-start major infrastructure projects have proposed radical changes to land acquisition laws that are blamed for stalling billions of dollars’ worth of roads, railways, ports and power installations.

According to a confidential government paper seen by Reuters, several states want to do away with obtaining landowners’ consent altogether in some cases and to cut through red tape which they say holds up development.