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India seeks to reinvigorate regional ties at South Asia summit
South Asian leaders met in Kathmandu Wednesday with regional superpower India seeking to boost trade and reinvigorate ties in the face of growing Chinese influence in its backyard, hampered by its bitter rivalry with Pakistan. The leaders of the eight South Asian Association for Regional Cooperation (SAARC) countries are meeting for the first time since the election of a new government in New ...
Tue, 25 Nov 2014 23:35:35 -0800

India's state-owned bank to launch Islamic fund
NEW DELHI (AP) — India's largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country's 170 million Muslims.The Securities and Exchange Board of India, the country's banking regulator, recently allowed the government-owned State Bank of India and three mutual funds to launch Sharia funds.
Wed, 26 Nov 2014 00:32:10 -0800

India's laggard state lenders face tough sell on capital raising plan
By Devidutta Tripathy MUMBAI (Reuters) - India's state-run banks face major obstacles in their plans to raise as much as $60 billion in new capital over the next few years, with investors sceptical about ...
Tue, 25 Nov 2014 13:16:13 -0800

In Modi’s India, green shoots of reform from a desert state
By Rajesh Kumar Singh and Douglas Busvine JAIPUR, India (Reuters) - The reformist government that many Indians and free-market flag-bearers had hoped would emerge after this year's election isn't in New Delhi - at least not yet. The desert state of Rajasthan, derided as a poverty-stricken laggard, has taken the lead on structural reforms that, their backers argue, could also help Asia's No.3 ...
Tue, 25 Nov 2014 17:30:26 -0800

India's state-run banks face obstacles
India's state-run banks face major obstacles in their plans to raise as much as $60 billion in new capital over the next few years.
Tue, 25 Nov 2014 15:59:48 -0800

India, Nepal sign $1bn hydropower deal
Nepal and India signed a deal Tuesday to build a $1-billion hydropower plant as Indian premier Narendra Modi began a visit to the impoverished Himalayan nation. The deal allows India's state-owned company Satluj Jal Vidyut Nigam to construct a 900-megawatt hydropower project on Nepal's Arun river, with electricity expected to be generated from 2021. Nepal will receive for free about 22 percent ...
Tue, 25 Nov 2014 05:53:30 -0800

India moves toward ban on loose cigarettes to deter smoking
By Zeba Siddiqui MUMBAI (Reuters) - India moved a step closer to banning the sale of unpackaged cigarettes, with a view to discourage smoking in a country where close to a million people each year die of tobacco-related diseases. More than 70 percent of the cigarettes sold in India are loose. The federal health ministry has accepted the recommendation of an internal panel and will seek cabinet ...
Tue, 25 Nov 2014 07:06:21 -0800

India-Pakistan friction at summit slows South Asia integration
By Gopal Sharma and Frank Jack Daniel KATHMANDU (Reuters) - South Asian leaders from Afghanistan to the Maldives met in Kathmandu on Wednesday for a summit that was undermined by traditional bickering between rivals Pakistan and India. In Nepal, India's Prime Minister Narendra Modi was due to hold two-way talks with every country in the volatile region except Pakistan, as neither neighbor is ...
Tue, 25 Nov 2014 22:06:39 -0800

Warning: India's recovery may have hit a wall
India's economic recovery hit a wall in third quarter as industrial activity lost momentum and patchy monsoon rains hurt farm output, gross domestic product (GDP) data due Friday is forecast to show.
Tue, 25 Nov 2014 14:43:45 -0800

India Drug Patents, Rubik’s Cube: Intellectual Property
The Access Campaign of Medecins Sans Frontieres, the French charity also known as Doctors Without Borders, is asking the Indian government not to weaken what it calls “pro-public-health patent law,” the organization said in a statement yesterday.
Tue, 25 Nov 2014 21:50:28 -0800

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