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In surprise move, Canada pauses talks on trade treaty with India

OTTAWA (Reuters) -Canada on Friday unexpectedly said it had paused talks on a proposed trade treaty with India, just three months after the two nations said they aimed to seal an initial agreement this year. Canada and India have been talking off and on since 2010 about a comprehensive economic partnership agreement. The talks were …

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Cricket-India captain Rohit plays down hype around Pakistan blockbuster

COLOMBO (Reuters) – India captain Rohit Sharma played down hype around Saturday’s Asia Cup blockbuster against Pakistan, saying their focus is on using the tournament to fine-tune their preparations for the home World Cup later this year. The next round of cricket’s most emotionally charged rivalry will take place in Pallekele between the arch-rivals, who …

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Anti-drone systems, 130,000 security officers to guard India’s G20 Summit

By Nikunj Ohri, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – About 130,000 security officers will be deployed as India hosts the world’s most powerful leaders at a G20 summit in New Delhi this month, a showcase for Prime Minister Narendra Modi and the country’s growing presence on the world stage. The two-day summit, …

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India house prices on track for steady rises, affordability to worsen – Reuters poll

By Milounee Purohit BENGALURU (Reuters) – Home prices in India are set to rise steadily in single digit percentages over the coming years along with economic growth, according to a Reuters poll of property analysts who expect affordability for first-time buyers to worsen. Following a relatively modest 250 basis points of interest rate rises from …

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India’s Vedanta lobbied to weaken environmental regulations during pandemic – report

(Reuters) -India’s Vedanta ran a “covert” lobbying campaign to weaken key environmental regulations during the COVID-19 pandemic, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday. In January 2021, Vedanta Group Chairman Anil Agarwal told former environment minister Prakash Javadekar the government could add “impetus” to India’s economic recovery by …

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Yellen to attend India G20 summit, focus on economy, climate, Ukraine -US Treasury

By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to New Delhi to participate in the G20 leaders summit from Sept. 7-10, making her fourth visit to India in 10 months, the Treasury Department said on Thursday. Yellen intends to focus at the summit on strengthening the global economy and supporting …

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After driest August, India could receive average rains in September

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India is likely to receive an average amount of rainfall in September, the country’s top weather official said on Thursday, after the driest August in more than a century. The monsoon, vital for the $3 trillion economy, delivers nearly 70% of the rain India needs to …

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India’s economy grows at fastest pace in a year in June quarter, monsoon risk seen

By Shivangi Acharya and Nikunj Ohri NEW DELHI (Reuters) -India’s economy grew at its quickest pace in a year in the April-June quarter, buoyed by strong services activity and robust demand, but a drier than normal monsoon season could restrain future growth. Gross domestic product (GDP) expanded 7.8% on an annual basis in the June …

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India’s July infrastructure output up 8%

NEW DELHI (Reuters) -India’s infrastructure output in July rose 8% year on year with expansion across all sectors, government data showed on Thursday. Infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial output. In July the coal sector output grew 14.9%, steel production jumped by 13.5% and the …

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