India's Prime Minister Narendra Modi attends the opening session of 18th South Asian Association for Regional Cooperation (SAARC) summit in Kathmandu November 26, 2014. REUTERS/Narendra Shrestha/Pool/Files

Modi may use ordinance for insurance, coal reforms

Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials said on Friday.  Full Article 

Exclusive - India looks to sway Americans with nuclear power insurance plan 19 Dec 2014

NEW DELHI - 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.

U.S. President Barack Obama (R) listens as India's Prime Minister Narendra Modi speaks, during their meeting in the Oval Office of the White House in Washington September 30, 2014. REUTERS/Larry Downing/FIles
Nuclear Power

India aims 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. Prime Minister Narendra Modi's government is hoping the plan will be enough to convince major U.S. companies such as General Electric to enter the Indian market ahead of President Barack Obama's visit at the end of next month.   Full Article 

REPRESENTATIVE IMAGE: Australia's Mitchell Johnson plays a shot during a cricket test match against South Africa in Centurion February 13, 2014.  REUTERS/Siphiwe Sibeko/Files

Australia beat India by 4 wickets, take 2-0 lead

Australia beat India by four wickets in the second test with more than a day to spare in Brisbane on Saturday to take an unassailable 2-0 lead in the series.  Article | India complain about nets after Dhawan injury 

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 

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Economic Pulse

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 

Sony Cyber Attack