Seven international business groups warned India Monday they are reconsidering their investments in India because of a plan to retroactively tax business deals. India’s proposal is widely regarded as targeting British mobile giant Vodafone which won a long-running legal battle in January when India’s Supreme court dismissed a $2.2-billion dollar tax demand over Vodafone’s acquisition […]
Global Business Groups Warn India Over Tax Plan
Posted April 2nd, 2012 at 5:30 am (UTC-5)
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Pakistan’s Zardari to Visit India
Posted April 2nd, 2012 at 3:25 am (UTC-5)
Pakistan’s President Asif Ali Zardari will travel to India next week and meet with Indian Prime Minister Manmohan Singh. The April 8 meeting will be the first visit by a Pakistani head of state to India since 2005. Mr. Zardari will have lunch with Mr. Singh in New Delhi. The Pakistani leader is also expected […]
BRICS Nations Call for Shared Development Bank
Posted March 29th, 2012 at 4:25 pm (UTC-5)
The world’s five largest developing economies wrapped up their summit meeting in the Indian capital, New Delhi, Thursday by calling for the formation of a shared development bank. Leaders of Brazil, Russia, India, China and South Africa — or the BRICS, as they are known — said they need a more representative international financial structure. […]
India’s Army Chief Calls Leak of Memo ‘Treason’
Posted March 29th, 2012 at 2:50 pm (UTC-5)
India’s army chief says that whoever leaked a letter he wrote to Prime Minister Manmohan Singh describing his country’s defense capabilities as weak is guilty of treason. In a statement Thursday, Indian General Vijay Kumar Singh said the unauthorized release “should be treated as high treason.” He went on to say that he believes “the […]
BRICS Nations Call for Shared Development Bank
Posted March 29th, 2012 at 8:50 am (UTC-5)
Leaders from the world’s five largest developing economies — the so-called BRICS — are moving toward the formation of a shared development bank. The five-nation bloc consisting of Brazil, Russia, India, China and South Africa wrapped up its summit Thursday in New Delhi with calls for a more representative international financial structure. Indian Prime Minister […]
Indian PM Highlights Capital Needs of Developing Countries
Posted March 29th, 2012 at 6:45 am (UTC-5)
India’s prime minister has highlighted the need in developing countries to find funding at the summit of the so-called BRICS nations — the world’s five largest emerging economies. Speaking in New Delhi, Thursday at the conclusion of the one-day summit, Prime Minister Manmohan Singh said the leaders and delegates discussed how to expand the World […]
Indian PM Highlights Capital Needs of Developing Countries
Posted March 29th, 2012 at 4:25 am (UTC-5)
India’s prime minister has highlighted the need in developing countries to find funding, at the summit of the so-called BRICS nations — the world’s five largest emerging economies. Speaking in New Delhi, Thursday, Prime Minister Manmohan Singh said the leaders and delegates were discussing how to expand the World Bank’s capital base, as well as […]
BRICS Leaders Meet in New Delhi
Posted March 29th, 2012 at 1:10 am (UTC-5)
Leaders from the world’s five largest emerging economies – the so-called BRICS group – have begun a summit in the Indian capital, New Delhi, expected to focus in part on creating a new development bank. The leaders of Brazil, Russia, India, China and South Africa are also expected to cover topics ranging from global security […]
India Army Chief: Country’s Defense Capabilities Weakened
Posted March 28th, 2012 at 5:40 pm (UTC-5)
The head of India’s army says the country’s defense capabilities are weakened by obsolete equipment and a shortage of weapons. In a letter to Prime Minister Manmohan Singh, leaked to the Indian media, Army chief V.K. Singh called the state of India’s fighting forces “alarming.” The letter, dated March 12, says India’s tank fleet is […]
BRICS Leaders Gather in India for Annual Summit
Posted March 28th, 2012 at 4:20 pm (UTC-5)
Leaders from the world’s five largest emerging economies — grouped in the so-called BRICS — are gathering in the Indian capital, New Delhi, for the 4th annual summit Thursday that is expected to cover topics ranging from global security to increased financial cooperation. Although the BRICS members, consisting of Brazil, Russia, India, China and South […]
