Indian Prime Minister Narendra Modi adjusts his earphones during a joint statement with Russian President Vladimir Putin (not pictured) after their delegation level talks at Hyderabad House in New Delhi December 11, 2014.  REUTERS/Adnan Abidi

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 

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.

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-U.S.

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. PM Narendra Modi's govt is hoping the plan will be enough to convince major U.S. companies to enter the Indian market ahead of President Obama's visit at the end of next month.  Full Article 

Handout photo
Movie Review

'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. They seem so intent on hammering the message home that it hampers the cause more than helping it, writes Shilpa Jamkhandikar.  Read | Interview: Rajkumar Hirani 

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  

Louis van Gaal reacts during a team training session at the Nacional stadium in Brasilia July 11, 2014. REUTERS/Dominic Ebenbichler/Files

Chasing perfection at in-form Man United

Ever the perfectionist, Manchester United manager Louis van Gaal is still chasing the complete performance despite a run of six straight victories that have propelled his side to third in the Premier League table.  Full Article 

Latest Headlines

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