Japan has agreed to help provide some relief for India’s troubled currency. Japanese Prime Minister Yoshihiko Noda agreed to a $15 billion currency swap arrangement with New Delhi during a visit there Wednesday. The deal is expected to help stabilize the Indian rupee, which has been losing value and is one of Asia’s worst-performing currencies. […]
Japan to Help India Prop Up Rupee
Posted December 28th, 2011 at 12:25 pm (UTC-5)
Japan has agreed to help provide some relief for India’s troubled currency. Officials say Japanese Prime Minister Yoshihiko Noda agreed to a $15 billion currency swap arrangement with New Delhi during a visit there Wednesday. The deal is expected to help stabilize the value of the Indian rupee, which has been losing value and is […]
India Lower House Passes Graft Bill
Posted December 27th, 2011 at 7:05 pm (UTC-5)
India’s powerful lower house of parliament has passed a landmark anti-corruption bill that seeks to create an independent ombudsman with powers to investigate corruption charges against bureaucrats and politicians. The bill was passed Tuesday following hours of heated debate in parliament and a staunch defense from Prime Minister Manmohan Singh. Anti-corruption activist Anna Hazare launched […]
India Anti-Corruption Bill Passes First Test
Posted December 27th, 2011 at 3:20 pm (UTC-5)
Indian lawmakers are pushing forward with a landmark anti-corruption bill, despite fierce criticism from the opposition. Lawmakers in the lower house of parliament passed the measure to create an oversight agency to investigate and prosecute politicians suspected of graft. The vote followed rowdy debate in parliament and a staunch defense of the legislation from Prime […]
Indian Anti-Corruption Bill Passes First Test
Posted December 27th, 2011 at 2:45 pm (UTC-5)
Indian lawmakers are pushing forward with a landmark anti-corruption bill, despite fierce criticism from the opposition. Lawmakers in the lower house of parliament passed the measure to create an oversight agency to investigate and prosecute politicians suspected of graft. The vote followed rowdy debate in parliament and a staunch defense of the legislation from Prime […]
Indian PM Defends Anti-Graft Bill Despite Activist’s Hunger Strike
Posted December 27th, 2011 at 1:10 pm (UTC-5)
India’s prime minister is defending a landmark anti-corruption bill, in the face of heated debate in parliament and ever-growing public frustration. Critics say the legislation does not go far enough to weed out India’s rampant corruption. But Prime Minister Manmohan Singh cast aside those concerns, saying the bill “lives up to the promise” lawmakers have […]
Pakistan, India Call for Extending Agreement on Preventing Nuclear Accidents
Posted December 27th, 2011 at 10:55 am (UTC-5)
Pakistan and India say officials from both sides have called for extending an agreement on reducing the risk of nuclear accidents relating to their countries’ atomic weapon stockpiles. Pakistani and Indian government experts discussed nuclear confidence-building measures in Islamabad on Tuesday, the second day of a two-day dialogue between the nuclear-armed rivals. The talks are […]
Pakistan Proposes Demilitarization of Kashmir Border
Posted December 27th, 2011 at 5:20 am (UTC-5)
Pakistani and Indian officials are considering a proposal to demilitarize the border of the disputed Himalayan region of Kashmir, as the two countries hold a second day of weapons talks in Islamabad Tuesday. During the first day of talks, Pakistan proposed that both sides remove all heavy weaponry at least 30 kilometers from the Line […]
India Parliament Debates ‘Lokpal’ Amid Hazare Hunger Strike
Posted December 27th, 2011 at 2:45 am (UTC-5)
India’s parliament begins debate Tuesday on a landmark anti-corruption bill, while veteran Indian activist Anna Hazare has started a fresh public hunger strike to protest the legislation. Despite objections by several opposition parties, India’s Congress-led government vows it has enough support to pass the bill during the three-day extended session of the lower house of […]
Indian Activist to Fast Against Corruption
Posted December 26th, 2011 at 10:30 am (UTC-5)
Veteran Indian activist Anna Hazare plans to go ahead with a three-day hunger strike to protest the anti-corruption bill being debated in parliament. The bill would create a nine-member oversight agency tasked with investigating and prosecuting politicians and civil servants suspected of graft. Hazare says it does not go far enough. He says the bill […]
