The man Prime Minister Narendra Modi has tasked with launching a China-style infrastructure boom calls himself a "bulldozer" and promises to add two percentage points to India's economic growth in two years.
REUTERS - Indian stocks ended nearly 1 percent lower on Wednesday, recording their lowest close in over a year on global risk aversion stoked by weak manufacturing data from China, the United States and Europe.
India is holding out an olive branch to jittery global investors. Scrapping a flawed plan to tax foreign fund managers’ past profit marks a welcome truce in the battle over retrospective fiscal demands. But to keep its promise to end “tax terrorism,” the government also has to end disputes with Vodafone and Cairn Energy, writes Reuters Breakingviews columnist Andy Mukherjee. Full Article
Two months after foreign countries and international agencies pledged $4.1 billion to help Nepal recover from its worst natural disaster, the government has yet to make arrangements to receive the money and has spent nothing on reconstruction. Full Article
A woman who sued Uber after accusing one of its drivers of raping her in India has voluntarily ended her lawsuit against the company, according to a court filing on Tuesday. The filing did not disclose any details on how the case was settled, and representatives for Uber and the woman declined to comment. Full Article
The Indian economy is still expected to grow around 8 percent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry. Full Article
King of clubS
One of the most impressive weapons to appear during the dinosaur arms race of the Cretaceous Period was the big bony tail club wielded by some members of a group of tank-like plant-eaters. A new study provides a step-by-step account of the evolution of this distinctive feature possessed by the heavily armored dinosaur Ankylosaurus and its cousins, a bludgeon that may have given even the ferocious Tyrannosaurus rex reason to worry. Full Article