Modi meets Sonia Gandhi to discuss new indirect tax

Prime Minister Narendra Modi hosted opposition Congress party leader Sonia Gandhi for talks on Friday to try and break a deadlock over launching a new indirect tax, in a bid to put his economic recovery agenda back on track.

IEA sees India's oil imports rising despite plans to up domestic output 12:01am IST

NEW DELHI India's reliance on foreign oil will jump from 80 percent to 90 percent by 2040 and it would lead global energy demand growth, the International Energy Agency said in a report on the world's third largest energy consumer released in New Delhi on Friday.

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Strawberries are displayed in the agricultural village of Mgarr in the north of Malta April 26, 2009. REUTERS/Darrin Zammit Lupi/Files

Strawberries leave a sour taste in northeast India

Increasingly erratic rainfall has led to the spread of fungal diseases in the berries, and much hotter temperatures have cut into production over the last three years, farmers say.  Full Article 

A women uses a hand-pump to fill drinking water on the outskirts of Amritsar in Punjab, India, November 15, 2015. REUTERS/Munish Sharma
Fighting Drought

Quest for water hampered by thirsty crops

Pleas by local officials for farmers to switch from rice to oilseeds and pulses and protect dangerously low water levels are falling on deaf ears, and may be further undermined by government policies encouraging cultivation of thirsty crops. Back-to-back droughts for the first time in nearly 30 years mean some rural areas in the north are running out of water for human consumption and agriculture.  Read 

An employee poses with the bundles of Indian rupee notes inside a bank in Agartala, the capital of India's northeastern state of Tripura August 22, 2013. The Indian rupee fell past 65 to the dollar to a record low on Thursday, after Federal Reserve minutes hinted that the U.S. was on course to begin tapering stimulus as early as next month and as foreign investors become sellers of Indian stocks. REUTERS/Jayanta Dey (INDIA - Tags: BUSINESS)

Modi needs to show more reasons to save

On paper, India's households have more reason than ever to save. But convincing them that the central bank can keep inflation low is proving difficult, hindering the country's ambitious growth plans. That raises the stakes for PM Narendra Modi's government, which wants to channel more savings into investments that can generate both growth and jobs, to boost chances of winning a second term.  Full Article 

Reserve Bank of India (RBI) Governor Raghuram Rajan smiles before delivering a lecture at the India Habitat Centre in New Delhi, November 6, 2015. REUTERS/Anindito Mukherjee
Reuters Poll

RBI expected to hold policy rates steady

The RBI is expected to hold the repo rate at 6.75 pct next week to stifle inflation, while data is seen showing economic growth accelerated to 7.3 pct in the September quarter, a Reuters poll showed. All 45 economists surveyed expected the RBI to stand pat at its policy review, while the range of forecasts for GDP growth for the latest quarter was between 6.9-7.6 pct, with the median at 7.3 pct.  Full Article 

Turkish President Tayyip Erdogan makes a speech during his meeting with mukhtars at the Presidential Palace in Ankara, Turkey, November 26, 2015. REUTERS/Umit Bektas

Erdogan warns Russia not to "play with fire"

Turkish President Tayyip Erdogan warned Russia not to "play with fire", but added he did not want to harm relations with Moscow, comments that look more likely to inflame than quell the dispute over a downed Russian jet this week.  Read | Putin refuses contacts with Erdogan 

People wounded in the Paris attacks and family members attend a ceremony to pay a national homage to the victims of the Paris attacks at Les Invalides monument in Paris, France, November 27, 2015.            REUTERS/Charles Platiau
Paris Attacks

France pays tribute to victims of Paris attacks

France paid tribute on Friday to the 130 mostly young people killed while they were enjoying themselves in Paris two weeks ago by Islamist gunmen and suicide bombers in the most deadly attacks the nation has seen since World War Two.  Full Article | Video 

A Tesla logo is seen in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke

Tesla faces battle over battery-powered homes

If Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. But he will face a battle for market share against local firms with years of experience in renewable energy.  Full Article 

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