Manmohan Singh
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India's finance minister had a bruising battle with cabinet colleagues in the run-up to the budget he unveils this week, rebuffing demands for pre-election spending and insisting on austerity to shore up investors' faith in India's economy.
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NEW DELHI, May 20- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
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China and India disagree about large areas on their 4,000- km- long border and fought a brief but bloody war 50 years ago. "World peace and regional stability cannot be a reality without strategic mutual trust between India and China.
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MUMBAI, May 17- Standard& Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for an upgrade.
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JPMorgan estimates that the world's central banks and commercial banks alone now hold some $24 trillion worth of bonds- or 55 percent of the entire $44 trillion universe of government, asset-backed and corporate bonds as captured by Barclays Multiverse Global Bond Index.
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*India's federal gov't to decide on POSCO iron ore mining licence- court. *POSCO says order will help to expedite project.
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*India's federal gov't to decide on POSCO iron ore mining licence- court. NEW DELHI, May 10- POSCO's planned $12 billion project in India got a boost on Friday after a top court said the federal government will decide on giving the South Korean steelmaker's long-delayed plant preferential access to iron ore.
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BRUSSELS, May 8- The European Union has imposed provisional duties on India's exports of stainless steel wire to counter dumping that has hurt Italian, German and Spanish producers. The European Union and Asia's third largest economy accuse each other of protectionism and talks towards a free trade pact that started in 2007 have stalled.
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BANGALORE, May 2- India's factories lost momentum in April as output grew at its weakest pace in over four years, but a jump in export orders augured well for the coming months, a survey showed on Thursday.
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By Rajesh Kumar Singh and Manoj Kumar. NEW DELHI, April 29- An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram's ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American roadshow to sell the India story.
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By Rajesh Kumar Singh and Manoj Kumar. NEW DELHI, April 29- An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram's ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American roadshow to sell the India story.
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NEW DELHI, April 29- An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram's ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American roadshow to sell the India story.
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NEW DELHI, April 25- The Indian government pitched for a rating upgrade on Thursday at a meeting with ratings agency Standard& Poor's, a top finance ministry official said, citing steps taken by it to control a high fiscal deficit and revive investments.
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*India's environment ministry to take final decision. NEW DELHI/ MUMBAI, April 18- India's top court has kept a ban on bauxite mining in hills in the eastern state of Odisha considered sacred by residents, whose opinion it has ordered to be sought on whether digging would disrupt the environment or their livelihoods.
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MUMBAI, April 18- India's top court has kept a ban on bauxite mining in hills in the eastern state of Odisha that are considered sacred by residents and has asked the state high court to investigate if digging would disrupt the environment or people living there.
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*Lipper data shows India focused equity fund net outflows of $7 bln in 2012. Chidambaram is in the United States seeking foreign investment for India's ailing economy, the third-largest in Asia, before making his way to Washington for the annual spring meetings of the International Monetary Fund and World Bank.
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NEW DELHI, April 15- India's headline inflation slowed to the lowest rate in more than three years in March, hardening expectations the central bank will cut interest rates next month to help the economy recover from its slowest growth in a decade.
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NEW DELHI, April 14- India's finance minister will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as policymakers debate the risks of over-reliance on foreign investors to finance the gap.
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NEW DELHI, April 3- Indian Prime Minister Manmohan Singh urged business leaders on Wednesday to keep faith in his Congress- led government's efforts to improve a dire investment climate, without giving details of fresh steps to bring about a recovery in the sagging economy.
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MUMBAI, March 19- India's central bank lowered its benchmark policy rates by 25 basis points on Tuesday for the second time this year in a bid to help revive growth in Asia's third-largest economy, but warned that the scope for further easing is limited.
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Removing investment barriers, many of which date back to before India started opening up its economy in the early 1990 s, has been key to the government's push to restoring investor confidence in Asia's third-largest economy.