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India’s retail inflation hits 3-month high in November on food prices

By Sarita Chaganti Singh and Aftab Ahmed NEW DELHI (Reuters) -India’s retail inflation in November rose at its fastest pace in three months due to higher food prices, strengthening expectations that the central bank will not ease interest rates anytime soon. Annual retail inflation rose to 5.55% in November from 4.87% the previous month. However, …

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India cenbank aiming at multiple targets with simultaneous purchase, sale of dollars – bankers

By Nimesh Vora MUMBAI (Reuters) – The Indian central bank’s simultaneous purchase and sale of U.S. dollars in recent weeks has puzzled bankers, who speculate there may be multiple objectives behind the operations. The Reserve Bank of India (RBI) has been buying dollars amid hefty foreign inflows, and has, at the same time, been selling …

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India’s top court upholds end of special status for Kashmir, orders polls

By Arpan Chaturvedi and YP Rajesh NEW DELHI (Reuters) -India’s Supreme Court upheld on Monday a 2019 decision by the government of Prime Minister Narendra Modi to revoke special status for the state of Jammu and Kashmir and set a deadline of Sept. 30 next year for local polls to be held. India’s only Muslim-majority …

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Factbox-What led to Kashmir decision by India’s top court?

NEW DELHI (Reuters) – India’s Supreme Court upheld on Monday a 2019 decision by Prime Minister Narendra Modi’s government to revoke special status for Kashmir and split the region into two federally administered territories. The disputed Himalayan region is claimed in full, though ruled in part by both India and Pakistan since their independence from …

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Kashmir’s special status was temporary, India’s top court says

NEW DELHI (Reuters) – India’s top court on Monday said the special status given to the Himalayan territory of Jammu and Kashmir before its revocation in 2019 was a temporary provision. (Reporting by Arpan Chaturvedi, Writing by Shivam Patel, Editing by YP Rajesh)

India at COP28 insists on ‘equity’ in climate talks

By Gloria Dickie DUBAI (Reuters) – India’s environment minister, Bhupender Yadav, on Saturday demanded “equity and justice” in U.N. climate negotiations, holding that rich countries should be leading global climate action. The comments underlined India’s long-held position that, as a developing country, it should not be a forced to cut its energy-related emissions – even …

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