The foreign secretaries of India and Pakistan have met in New Delhi to lay the groundwork for higher level talks set for Wednesday, as the longtime rival nations look to further the peace dialogue. Tuesday’s meeting between Nirupama Rao and her Pakistani counterpart Salman Bashir was described as preparatory. The two foreign secretaries were expected […]
India, Pakistan Look for Progress in Peace Talks
India Again Raises Interest Rate to Combat Rising Inflation
India’s central bank has again raised its key interest rate in an effort to temper the country’s high inflation. The Reserve Bank of India on Tuesday increased the repurchase, or repo rate, by 50 basis points to 8 percent. The repo rate is the rate at which it lends to commercial banks. It also raised […]
Indian and Pakistani Leaders to Meet for Peace Talks in Delhi
The foreign secretaries of India and Pakistan are set to meet in New Delhi Tuesday, less than two weeks after bomb blasts killed two dozen people in Mumbai, further testing relations between the two countries. The meeting will set the agenda for Wednesday’s higher level peace talks between the foreign ministers of the two countries. […]
India to Set Up Environmental Regulatory Body
India will set up a new environmental regulatory agency to review investment projects, as the government struggles to balance industrial growth with ecological protection. In announcing the planned National Environment Appraisal and Monitoring Authority , Prime Minister Manmohan Singh said it is not acceptable to expect “a certain degree of environmental degradation and over-exploitation of […]
Bangladesh Bestows Highest Honor on Former Indian PM
Bangladesh has bestowed its highest honor on former Indian Prime Minister Indira Gandhi for her role in Bangladesh’s 1971 war for independence from Pakistan. Mrs. Gandhi served as India’s prime minister between 1966 and 1977. She was assassinated by her bodyguards in 1984, following her election to another term as prime minister in 1980. On […]
India to Set Up Environmental Regulatory Body
India will set up a new environmental regulatory agency to review investment projects, as the government struggles to balance industrial growth with ecological protection. In announcing the planned National Environment Appraisal and Monitoring Authority , Prime Minister Manmohan Singh said it is not acceptable to expect “a certain degree of environmental degradation and over-exploitation of […]
Former Telecom Minister: Indian PM Knew About Cut-Rate Mobile Phone License Sales
India’s former telecommunications minister, who is charged in connection with the country’s biggest corruption scandal, says the prime minister and other top officials knew about his decision to sell mobile phone licenses at below-market prices. During Monday’s court appearance in New Delhi, A. Raja denied wrongdoing in a scandal that is believed to have cost […]
India, S. Korea Sign Nuclear Cooperation Pact
India and South Korea have signed a nuclear cooperation deal that allows Korean companies to participate in atomic power plant projects in India. The agreement was signed Monday during Indian President Pratibha Patil’s visit to Seoul, after she met with South Korean President Lee Myung-Bak. South Korea operates 20 nuclear plants that generate around 35 […]
Death Toll Rises in Mumbai Blasts
Indian officials say the death toll from the July 13 bomb blasts in Mumbai rose to 24 people on Monday, as another victim succumbed to his injuries. Two other victims of the triple blasts that injured more than 130 died on Saturday. No group has claimed responsibility for the attacks, which were the first in […]
Rape Protest Paralyzes Kashmir
Indian-controlled Kashmir has been paralyzed by a strike called to protest the alleged abduction and rape of a woman by two soldiers in the disputed region. Most shops, banks, schools and offices were closed Saturday in the main city Srinagar and other towns. Protests erupted Friday as hundreds of people shouted anti-India slogans and called […]