Risking backlash, Modi to push power price hikes

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.

IMF sees favourable growth in India, urges structural reforms 06 Oct 2015

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.

German Chancellor Angela Merkel (2nd R) interacts with an employee as India's Prime Minister Narendra Modi (2nd L) and another employee look on after Merkel and Modi were presented with souvenirs depicting the "Make in India" logo by the employees of Bosch Vocational Center, during a photo opportunity after their visit to the centre in Bengaluru, October 6, 2015. REUTERS/Abhishek N. Chinnappa

India hopes to roll out GST in 2016 - Modi

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 

Miners work at Magadh coal mine in Chatra district in the eastern state of Jharkhand, September 30, 2015. REUTERS/Stringer

India leads Asia's dash for coal

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 

U.S. Army General John Campbell, commander of the Resolute Support Mission and United States Force - Afghanistan, testifies before a Senate Armed Services Committee hearing on "The Situation in Afghanistan" on Capitol Hill in Washington October 6, 2015. REUTERS/Joshua Roberts

Top U.S. general calls hospital strike a mistake

The deadly air strike that hit a hospital in the Afghan city of Kunduz was a mistake made within the U.S. chain of command, the American commander of international forces in Afghanistan said.  Full Article 

Professors Anne L'Huillier (L-R), Goran K. Hansson and Olga Botner, members of the Nobel Assembly, talk to the media at a news conference in Stockholm October 6, 2015. REUTERS/Fredrik Sandberg/TT News Agency

Neutrino scientists win Nobel Prize for Physics

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 

A frame grab taken from footage from a camera under a plane, released by Russia's Defence Ministry on October 5, 2015, shows a Russian military jet dropping bombs during airstrikes carried out by the country's air force near Idlib in Syria. Footage released October 5, 2015. REUTERS/Ministry of Defence of the Russian Federation/Handout via Reuters

NATO doubts Russia on Turkish airspace

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 

A Microsoft logo is seen at a pop-up site for the new Windows 10 operating system at Roosevelt Field in Garden City, New York July 29, 2015. REUTERS/Shannon Stapleton/Files

Microsoft unveils first laptop, updated devices

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 

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