New Delhi

The India Davos Debate: Can India Become a Superpower?


Oct. 29 – The World Economic Forum will be holding the India Economic Summit on November 8-10 in New Delhi. The theme is “India’s Next Generation of Growth.” According to the Forum, the questions to be debated will include answers from experts addressing the fact that India has the world’s second largest population and one […]

Foreign Experts Brought in to Kick-Start Delhi Games Progress


By Chris Devonshire-Ellis MUMBAI, Oct. 14 – Following an inspection of the sites intended for the Delhi Commonwealth Games led by Commonwealth Games Federation (CGF) President Mike Fennell, the Delhi Games Organizing Committee (DGOC) has the ignominy of having an Independent Technical Committee, made up of foreign experts oversee all aspects of DGOC preparations. The […]

U.S.-India Treaty Expected to Bring in More FDI


Oct. 9 – More American investment is expected to pour in when the U.S.-India bilateral investment treaty is finalized and streamlines the foreign direct investment process in terms of project bidding and return on investments. “Once the treaty comes through, it will enable billions of dollars of foreign direct investment to come to India . […]

Air India Considers 15-Day Flight Suspension Due to Protests


Sept. 29 – State-owned Air India may consider suspending airline operations for 15 days after protests over pay issues reached a standstill. The Economic Times reported that about 40 Air India flights were canceled on Saturday when scores of executive pilots reported sick in protest of the airline’s decision to cut performance incentives by 50 […]

New Survey Ranks India’s Ten Most Affluent Cities


Sept. 4 – The Nielsen Company in India has just released the results of the first ever  Nielsen Upper Middle and Rich (UMAR) survey that sought to decode the behavior of India’s well-heeled. The UMAR polled more than 18,250 wealthy individuals across 35 Indian cities on their lifestyle and mass and emerging media consumption. The […]

FDI Law May be Revised to Block Investment in Sensitive Sectors


Aug. 19 – The National Security Council has submitted a secret report suggesting revisions on the current FDI guidelines to allow the government to stop foreign mergers or takeovers of Indian companies that are considered damaging to national interest, reports The Economic Times. Under the proposed National Security Exception Act foreign investment in sensitive sectors […]

Bank Employees Begin Strike Today


Aug. 6 – Employees of India’s private, overseas and state banks numbering more than 900,000 will begin their two-day strike today. An estimated 26 state-run banks, 10 private banks and eight foreign banks will be affected when its workers join the strike organized by the United Forum of Bank Unions (UFBU). “We seek expedition of […]

India to Host Doha Round in September


Jul. 30 – India’s capital, New Delhi, is set to host the Doha Development Round from September 3 to 4 that will gather ministers from the G20 countries. Since 2001, the trade-negotiation round of the World Trade Organization (WTO) has aimed to increase and liberalize global trade and more importantly allow developing countries to export […]

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