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China, India sign border defence agreement

China and India signed an agreement on border defence cooperation Wednesday, after a stand-off along a disputed border in April stoked fears of conflict between the Asian giants. Indian Prime Minister Manmohan Singh, visiting Beijing to seek a breakthrough in the border row that has soured relations for decades, witnessed the signing of the agreement alongside Chinese Premier Li Keqiang. The agreement will "help to maintain peace, tranquility and stability in our border areas", Li said following the ceremony.

India PM leaves for Russia, China

Indian Prime Minister Manmohan Singh on Sunday left for a trip to Russia and China to try and strengthen trade ties and address a festering border dispute with Beijing. The prime minster will look to secure energy, defence and other economic deals in both countries. In a statement before leaving India, the 81-year-old spoke of Delhi's long-standing defence and trade ties with Russia.

Indian PM heads to Russia, China to boost trade

India's Manmohan Singh embarks Sunday on one of his last major foreign trips as prime minister, heading to Russia and China to strengthen trade ties and address a long-running border dispute. The 81-year-old, who is expected to stand down after elections next year, will look to clinch energy, defence and other economic deals in both countries as New Delhi tries to boost trade and investment to kick-start sluggish growth.

India expects steady growth despite IMF gloom

India's finance minister said Thursday he expected the economy to post steady growth and for foreign retailers to invest within months, dismissing a gloomy prediction by the International Monetary Fund. The IMF's latest World Economic Outlook on Tuesday reduced its forecast for India from 5.6 to 3.8 percent this year, in ominous news for the Congress Party-led government, which must call elections by the end of May. But Finance Minister P. Chidambaram, visiting Washington for annual IMF-World Bank meetings, insisted India was seeing "early indications of recovery."

Exclusive: India to stick with austerity despite looming election

By John Chalmers and Manoj Kumar NEW DELHI (Reuters) - The Indian government will have to rein in spending and cut subsidies to meet its fiscal deficit target, the country's finance minister said on Monday, underlining that an austerity drive will not be blown off course by an election due next year.

Insight: India's crisis within a crisis; finance minister fights on two fronts

By Sanjeev Miglani NEW DELHI (Reuters) - Late last month, with their doors shut to the mounting market panic outside as investors fled the country, India's cabinet ministers gathered to give final approval to a cheap food scheme for the poor. It was hardly a difficult decision for a government that needs to shore up its sagging popularity before elections due by next May. But officials familiar with the discussion say there was one dissenting voice over what is now destined to become one of the world's largest welfare programs.

India not headed back to 1991 crisis: Manmohan Singh

NEW DELHI (Reuters) - India is not facing a repeat of the 1991 balance of payments crisis and fears that economic growth will slip to as low as 3 percent are unfounded, Prime Minister Manmohan Singh said. "There is no reason for anybody to believe that we are going down the hill and that 1991 is on the horizon," Singh told parliament.

Rupee falls in front of slowing Indian economy

By Rajesh Kumar Singh NEW DELHI (Reuters) - The sense of crisis building around the rupee's precipitous fall is likely to deepen on Friday with the release of data expected to show India's economy slowing to dangerously low levels. A dearth of investment lies at the heart of India's economic malaise. Little improvement is expected any time soon, with investors doubting whether Prime Minister Manmohan Singh's minority government can force through bold reforms with an election due within eight months.

India proposes new steps to stem rupee slide

India on Wednesday stepped up its battle to halt the rupee's plunge, proposing to raise funds abroad through "quasi-sovereign" bond issues and curtail some imports to reduce its huge current account deficit. Finance Minister P. Chidambaram made the announcements as the currency sank to 61.20 rupees to the dollar -- within a whisker of its lifetime low of 61.21, hit earlier in July. "The balance sheets of some of our public-sector units are quite strong to raise funds abroad -- these would be quasi-sovereign issues," Chidambaram told reporters in New Delhi.

India PM says economy to grow lower than 6.5 pct in FY14

NEW DELHI (Reuters) - India's economy may grow slower than previously expected 6.5 percent for the year to March 2014, Prime Minister Manmohan Singh said on Friday. Singh, speaking at an industry event, said his government would unveil more reforms for foreign direct investment, but he gave no details. (Reporting by Manoj Kumar, editing by Ross Colvin)
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