Indian growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts.
NEW DELHI - India has closed bids for a third of its target of tendering 15,000 megawatts (MW) of solar projects this fiscal year, a government official said, and is expecting interest from investors such as SoftBank to lift the industry.
A 22-year-old has emerged overnight as a pressing political threat to Narendra Modi, accusing the PM of breaking a promise to provide jobs that helped him win last year's elections. Hardik Patel, by his own admission, scraped through college and failed to land a steady job. But he has proven to be a talented organiser and rabble-rousing orator, creating a mass movement within weeks. Read | Slideshow
The government plans to change the RBI Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring Finance Secretary Rajiv Mehrishi told Reuters. The committee would be comprised of appointees from the govt, the RBI, and independent members appointed by the government, but any changes have to be approved by the parliament. Full Article
An online petition seeking protection and justice for two “Dalit” sisters allegedly threatened with rape by a village council in Uttar Pradesh has gathered over 175,000 signatures in a week, Amnesty International India says. The group began the petition last week after Meenakshi Kumari, 23, her 15-year-old sister and family were forced to flee their village after their brother eloped with a higher caste woman. Story
India stood seven wickets away from a series-clinching victory after setting Sri Lanka a formidable 386-run victory target on the penultimate day of the third and final test on Monday. Resuming on a precarious 21-3 in the bowler-dominated weather-hit contest, the visitors needed a string of cameos from their middle and lower-order batsmen to score 274 in their second innings. Full Article | Slideshow
Key Taliban members decided to keep the death of their leader a secret for more than two years because the war in Afghanistan was entering a critical phase and most foreign troops were preparing to withdraw at the time, the group said on Monday. Full Article
Trains carrying hundreds of migrants started arriving in Vienna on Monday after Austrian authorities appeared to give up trying to apply European Union rules by filtering out refugees who had already claimed asylum in Hungary. Full Article