Tag: Indias

India’s monsoon overcomes delay, set to cover country on time

By Rajendra Jadhav MUMBAI (Reuters) – India’s annual monsoon has covered more than three-fourths of the country and it is set to cover the entire country on time for the planting season despite stalling earlier this month, two senior weather officials said on Thursday. Summer rains, critical for economic growth in Asia’s third-largest economy, usually […]

India’s president inaugurates newly elected parliament and sets out economic reforms as a key agenda

NEW DELHI (AP) — India’s president inaugurated a new parliament on Thursday after national elections, listing the priorities of Prime Minister Narendra Modi’s government in coming years, including fast-tracking economic reforms and boosting small and medium-size enterprises to create jobs. President Draupadi Murmu said India’s economy grew the fastest among the world’s major nations at […]

Gandhi Takes Leader of Opposition Role in India’s Parliament

(Bloomberg) — India’s opposition is gearing up to play a bigger role in the parliament, naming Rahul Gandhi into a key position and fielding its own candidate for speaker of the house in a rare contest for the post. Most Read from Bloomberg Gandhi was selected leader of the opposition in the Lok Sabha, the […]

Worsening water crisis can weigh on India’s sovereign credit strength, Moody’s says

MUMBAI/BENGALURU (Reuters) -India’s worsening water shortage, triggered by high consumption amid rapid economic growth and frequent natural disasters, can negatively impact the South Asian nation’s sovereign credit strength, Moody’s Ratings said on Tuesday. Millions of Indians face water shortages every summer when water demand rises in farms, offices and homes against a limited supply, but […]

India’s Modi urges consensus as he relies on allies in new parliament

India’s freshly re-elected prime minister, Narendra Modi, has called on the members of the new parliament to fulfil people’s wishes for “substance, not slogans,” as the body met for the first time. Modi told reporters that the parties in parliament should focus on finding consensus, as lawmakers sat for the first session since national elections […]