U.S. President Barack Obama smiles as he hosts a meeting with Prime Minister Narendra Modi in the Oval Office of the White House in Washington September 30, 2014. REUTERS/Larry Downing/Files

India looks to sway U.S. with nuclear insurance

India is offering to set up an insurance pool to indemnify global nuclear suppliers against liability in the case of a nuclear accident, in a bid to unblock billions of dollars in trade held up by concerns over exposure to risk.  Full Article 

Govt tables GST bill in parliament 19 Dec 2014

NEW DELHI - The government presented to parliament a bill for a common goods and services tax across the country on Friday, pressing on with a key piece of reform to replace a myriad range of state taxes.

An employee poses with the bundles of Indian rupee notes inside a bank in Agartala August 22, 2013. REUTERS/Jayanta Dey/Files
Economic Pulse

Increase spending to revive growth: Arvind

India should increase public spending to boost economic growth in the medium term as there have been no signs of private investment picking up, chief economic adviser Arvind Subramanian said.  Read 

Cuba's President Raul Castro attends the closing ceremony of the 10th Bolivarian Alternative for the Americas (ALBA) alliance summit in Havana December 14, 2014. REUTERS/Stringer

Raul Castro steps out of brother's shadow

Stepping out of his legendary brother's shadow, President Raul Castro has scored a diplomatic triumph and a surge in popular support with the deal that ends decades of open hostility with the U.S.  Full Article 

A man looks out through a window with an advertisement of SpiceJet Airline, on a commercial building in Ahmedabad February 14, 2014. REUTERS/Amit Dave/Files
Aviation

SpiceJet rescue plan marks a bold bet

The co-founder of SpiceJet is leading a $240 million rescue effort to pull the low-cost carrier back from the brink of collapse, in a bold bet on the recovery of an industry plagued by high costs and heavy losses.  Full Article | Breakingviews: SpiceJet rescue is no fix  

Handout photo

'PK' has a noble message, weak narrative

Rajkumar Hirani makes his main protagonist an outsider, places him in a corrupt environment, and then lays the onus on him to change the system. As with most good things, the trick lies in knowing when to stop, Hirani and Aamir Khan don’t, writes Shilpa Jamkhandikar.  Read 

England's captain Alastair Cook tries to catch a ball during a training session at the Old Trafford cricket ground in Manchester, England August 6, 2014. REUTERS/Philip Brown/Files

Cook out, Morgan England ODI captain - reports

Alastair Cook has been dropped as England captain for next year's 50-over World Cup in Australia and New Zealand, the BBC and Sky Sports reported on Friday.  Full Article 

Latest Headlines

REFORMS PUSH

A SpiceJet passenger plane moves on the runway at the Sardar Vallabhbhai Patel international airport in Ahmedabad January 8, 2014. REUTERS/Amit Dave/Files

SpiceJet rescue is no fix for India aviation woes

SpiceJet’s woes are all too familiar. India is cajoling banks to lend to the country’s second largest single-brand carrier when the debt-ridden airline needs more equity. The government’s hope is to save jobs and prevent a repeat of the failure of Kingfisher Airlines. Even if the rescue works, exorbitant fuel taxes and lack of a bankruptcy law will keep the industry stuck in an air pocket.  Full Article 

The logo of car-sharing service app Uber on a smartphone.

Uber’s law flouting could bring joyride to a halt

Uber’s law flouting could bring its joyride to a screeching halt. The taxi app company is covering its drivers’ fines for illegally picking up passengers. That may be just another business expense to a firm that earned a $40 billion valuation by moving quickly and breaking the rules. But the legal, lobbying and public relations costs of reckless behavior are accelerating fast.  Full Article 

Mohamad Bazzi

Saudi Arabia is playing chicken with its oil

Saudi Arabia is once again using its “oil weapon”. The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil - which requires higher prices to remain competitive with conventional production - out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war.  Commentary