The Indian government failed Tuesday to win support for a reform allowing foreign retailers into the country. A meeting of lawmakers from all parties broke up without a deal being reached, forcing India’s parliament to adjourn amid protests against the reform. The Indian Cabinet last week had approved a measure allowing global firms to own […]
India Remains Deadlocked on Retail Reform
Posted November 29th, 2011 at 2:40 pm (UTC-5)
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India Remains Deadlocked on Retail Reform
Posted November 29th, 2011 at 8:10 am (UTC-5)
The Indian government failed Tuesday to win support for a reform allowing foreign retailers into the country. A meeting of lawmakers from all parties broke up without a deal being reached, forcing India’s parliament to adjourn amid protests against the reform. The Indian Cabinet last week had approved a measure allowing global firms to own […]
Afghanistan Awards Iron Mining Rights to Indian Firm
Posted November 28th, 2011 at 11:45 am (UTC-5)
The Afghan government has awarded iron ore mining rights to an Indian-government backed consortium. Mines officials say four blocks at Hajigak, the country’s largest iron deposit, were awarded to a group led by the Steel Authority of India. A fourth block at the deposit was awarded to Canada’s Kilo Goldmines Limited. The Hajigak iron ore […]
Opposition to Retail Reform Halts India’s Parliament
Posted November 28th, 2011 at 9:20 am (UTC-5)
India’s parliament abruptly adjourned Monday following an uproar by lawmakers opposed to the government’s recent decision to allow foreign retailers into the country. The Cabinet last week approved a measure allowing global firms to own up to 51 percent of multi-brand retail companies in India such as supermarkets. Foreign companies can also own up to […]
Indian Lawmakers in Uproar Over Retail Reforms
Posted November 28th, 2011 at 5:10 am (UTC-5)
India’s parliament abruptly adjourned for the day Monday after an uproar among the lawmakers about the government’s recent decision to allow foreign retailers into the country. Lawmakers from opposition parties and from within Prime Minister Manmohan Singh’s coalition opposed the new foreign investment rules. Foreign retailers are now allowed to own up to 51 percent […]
India, China Meeting Off Over Dalai Lama
Posted November 27th, 2011 at 7:05 am (UTC-5)
Indian officials say a meeting between Indian and Chinese diplomats has been cancelled after Beijing objected to a scheduled speech in New Delhi by the Dalai Lama, the exiled Tibetan spiritual leader. Authorities say India has refused China’s request to cancel the Dalai Lama’s address. Diplomats from the two Asian nations were to begin meeting […]
Pakistanis Protest Trade Ties With India
Posted November 25th, 2011 at 2:20 pm (UTC-5)
Hundreds of Islamist activists took to the streets of Pakistani-controlled Kashmir on Friday to protest the government’s plan to boost trade with longtime rival India. Earlier this month, the Pakistani Cabinet approved a proposal granting India “Most Favored Nation” trade status. The designation removes tariffs and allows the countries to trade on equal terms. Members […]
India Seeks to Reassure Critics of New Retail Policy
Posted November 25th, 2011 at 11:50 am (UTC-5)
Indian officials say opening up the country’s retail sector to foreign chians will not hurt smaller businesses, but instead create some 10 million jobs over three years. India’s Commerce Minister Anand Sharma said Friday the government has built in safeguards to protect farmers and small shopkeepers while allowing foreign retailers like Wal-Mart and Tesco into […]
Indian State on High Alert After Maoist Leader’s Killing
Posted November 25th, 2011 at 9:35 am (UTC-5)
The eastern Indian state of West Bengal is on high alert a day after a senior Maoist rebel leader was killed in a gunbattle there. Koteswar Rao, known as Kishenji, was reportedly shot dead Thursday during a gunbattle in a forest in the West Midnapore district. He was wanted for the killing of at least […]
Pakistanis Protest Trade Ties With India
Posted November 25th, 2011 at 8:25 am (UTC-5)
Hundreds of Islamist activists took to the streets of Pakistani-controlled Kashmir on Friday to protest the government’s plan to boost trade with longtime rival India. Earlier this month, the Pakistani Cabinet approved a proposal granting India “Most Favored Nation” trade status. The designation removes tariffs and allows the countries to trade on equal terms. Members […]
