WASHINGTON - U.S. President Barack Obama will travel to India in January for Republic Day celebrations, a sign of steadily expanding ties between the two countries that share concerns about China's growing power in Asia.
MUMBAI - The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank's decision-making said officials were also wary of overreacting.
Indians were flying aeroplanes and may even have been using cosmic weapons 5,000 years ago, according to Y. Sudershan Rao, the chairman of Indian Council of Historical Research. The BJP appointed Rao to the academic post soon after winning the general election, fuelling concerns of a push to teach the superiority of Hindu values and mythology at the cost of academic rigour Full Article
India will spend 253 billion rupees to tackle rampant theft of electricity by rolling out metering in cities and upgrading old distribution networks, the power ministry has said. Under the scheme, the government will roll out meters on distribution transformers, feeders and consumers in urban areas, the power ministry said in a statement, following cabinet approval of the project. Full Article
Bulgari should never have left India three years ago, so it’s coming back, the chief executive of the Italian luxury jewellery and accessories company said in an interview on Thursday. Jean-Christophe Babin was in New Delhi to attend the opening of the company’s flagship store in India. Full Article
The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday. The Chinese companies will be able to operate the projects as profit-making entities, according to the deal signed by Prime Minister Nawaz Sharif. Full Article
Gael Monfils upset Roger Federer 6-1 6-4 6-3 to help France level the Davis Cup final with Switzerland 1-1 on Friday. After Stan Wawrinka gave the Swiss a 1-0 lead by beating Jo-Wilfried Tsonga 6-1 3-6 6-3 6-2, Monfils was at his best against world number two Federer who has recently been hampered by back problems. Full Article
Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts. Article
The contraction of exports by 5 percent in October will pull down industrial growth and bloat current account deficit. The fall in exports may not be due to a chance fluctuation but a warning of things to come. There are strong reasons to suggest India’s export woes are due to worldwide trends which need to be understood so that the country can benefit from them. Full Article
When assessing events on the ground — particularly in dynamic situations like Iraq and Syria — it is devilishly difficult to determine if and when a game-changing event will occur. We’ve identified five black swans — high-impact but low-probability events that could alter the course of the conflict. Commentary
Germany, it appears, is the most respected country in the world. According to the Nation Brands Index, Germany deposed the hitherto reigning champion, the Unites States. I’m amazed the U.S. was number one up until now. Anti-Americanism is rampant and I would have guessed that Switzerland or Sweden or some other rich but harmless country would top the list instead. Commentary
The death toll in the Ebola epidemic has risen to 5,459 out of 15,351 cases identified in eight countries by the end of Nov. 18, the World Health Organization (WHO) said on Friday. Full Article