NEW DELHI - Prime Minister Narendra Modi is to tell states to raise electricity prices in return for access to a financial bailout package, a politically contentious move that risks a backlash from farmers and consumers long used to free or cheap power.
NEW DELHI - Growth prospects for India remain favourable despite a slowdown in the global economy, but the government should speed up structural reforms and relax supply constraints in the energy, mining, and power sectors, the International Monetary Fund said on Tuesday.
India hopes to roll out a new goods and services tax (GST) in 2016, Prime Minister Narendra Modi said in a speech to Indian and German businesses that played up the attractiveness of investing in Asia's third-largest economy. The GST, currently blocked in parliament, was one of a range of business-friendly measures highlighted by Modi in a speech during a visit by German Chancellor Angela Merkel. Story
India is opening a mine a month as it races to double coal output by 2020, putting the world's third-largest polluter at the forefront of a pan-Asian dash to burn more of the fossil fuel that many fear will upend global efforts to contain global warming. Full Article
Japan's Takaaki Kajita and Canada's Arthur B. McDonald won the 2015 Nobel Prize for Physics for their discovery that neutrinos have mass, the award-giving body said on Tuesday. "The discovery has changed our understanding of the innermost workings of matter and can prove crucial to our view of the universe," the Royal Swedish Academy of Sciences said. Full Article | Video
NATO's secretary general said on Tuesday he doubted Moscow's explanation that Russian weekend airspace violations of NATO-ally Turkey near Syria were a mistake and called on Russia not to repeat such incursions. Full Article | Russia, U.S. move to resume talks
Microsoft Corp unveiled on Tuesday its first laptop, a line of Lumia smartphones, a new Surface Pro tablet and an updated version of its wearable fitness tracker, Microsoft Band, all running on Windows 10, its latest operating system. Full Article
The latest exhibition at India’s National Museum - “Imaging the Isle Across – Vintage Photography from Ceylon” - is a bewildering depiction of an island that witnessed dramatic changes to its landscape under European colonists. Full Article
India's polluted capital, New Delhi, will within two months impose a tax on commercial vehicles entering the city and prohibit the use of cars on certain busy routes once every month, Delhi Transport Minister Gopal Rai said on Tuesday. Full Article