India’s defense minister rejected U.K. helicopter company AgustaWestland’s assertion that it abided by anti-graft rules while securing a $753 million contract, as a panel of lawmakers is set to probe allegations of corruption.
Prime Minister Manmohan Singh failed to win passage of his anti-corruption bill as an uproar broke out in India’s upper house of parliament, capping a year of setbacks that stirred concern over a wrecked economic agenda.
Rahul Gandhi said it was time to repair a broken system of governance in his first speech after being named deputy leader of Congress, an appointment that seeks to invigorate the ruling party ahead of next year’s election.
Indian upper house lawmakers debated a bill to curb corruption as Prime Minister Manmohan Singh fights to secure its passage after activist Anna Hazare ended his public fast early amid signs he may be losing support.
Billionaire Adi Godrej said his company, India’s second-largest consumer goods maker by value, will still depend on small retailers for sales 10 years after foreign companies such as Wal-Mart Stores Inc. open outlets.
India’s government won a vote in parliament’s upper house on foreign investment in supermarkets, securing a clean sweep of both chambers and raising expectations it will move ahead with further economic reforms.
India's UPA coalition government, widely accused of policy paralysis after having seen annual economic growth dip under its watch to 5.5 percent from more than 8 percent, initiated a slew of reform measures last weekend designed to attract foreign capital and restore investor confidence. The most significant of these reforms was the opening up of the retail sector to foreign investment, a decision first made by the government last November but subsequently rescinded after vociferous resistance both from the opposition and some of the coalition's own partners.
A second deadly bombing of a major Indian city in two months exposed the country’s vulnerability to terrorist attacks almost three years after a siege of Mumbai spurred an overhaul of security and intelligence agencies.
India’s opposition rallied in New Delhi to protest what it says is Prime Minister Manmohan Singh ’s failure to check corruption in his government, taking its challenge from parliament to the capital’s streets.
India’s Defense Minister A.K. Antony said he refrained from ordering a probe into claims a former officer attempted to bribe the country’s army chief because the top general preferred not to pursue the matter and failed to make a written complaint.