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☆ Dense Fog Disrupts Flights, Trains in India's Capital
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Flight and train services were disrupted in India's capital New Delhi for the second day running on Monday, as dense fog and cold enveloped large swathes of the northern part of the country. More than 100 flights were delayed in Delhi on Sunday, but intermittent flight operations had resumed on Monday morning, said an airport official who declined to be named. According to aviation website Flightradar24, at least 168 flights leaving Delhi were delayed and 56 flights were cancelled on Monday morning. At least 18 trains to Delhi from different parts of the country were running late because of dense fog, news agency ANI, in which Reuters has a minority stake, said on X, citing a railway document. The country's weather office has predicted dense fog and a cold wave in New Delhi for Monday and 'very dense fog' on Tuesday, with a minimum temperature of 4 degrees Celsius (39.2 Fahrenheit).

Persons: Indira, Harteerath Singh Ahluwalia, Shilpa Jamkhandikar, Raju Gopalakrishnan Organizations: Reuters, Indira Gandhi International, New, Delhi Locations: New Delhi, Delhi

☆ Five killed as southern India braces for Cyclone Michaung
▼ + stars: | 2023-12-05 | by ( Jatindra Dash | ) www.reuters.com time to read: +2 min

[1/3] People move in a boat past partially submerged vehicles in a residential area following heavy rains ahead of Cyclone Michaung in Chennai, India, December 4, 2023. REUTERS/Stringer/File photo Acquire Licensing RightsBHUBANESHWAR, India, Dec 5 (Reuters) - Heavy rains submerged roads and shut down a major airport in southern India on Tuesday, where at least five people, including a child, were killed in the flooding and the havoc hours before a severe cyclone was due to make landfall. The rains and winds also snapped power lines and uprooted trees, officials said. Taiwan's Foxconn (2317.TW) and Pegatron (4938.TW) halted Apple (AAPL.O) iPhone production at their facilities near Chennai due to heavy rains, sources familiar with the matter told Reuters on Monday. In December 2015, floods in Tamil Nadu killed at least 290 people and caused widespread damage.

Persons: Stringer, Michaung, Taiwan's Foxconn, Jatindra Dash, Shilpa Jamkhandikar, Miral Organizations: Cyclone, REUTERS, Apple, Reuters, Thomson Locations: Chennai, India, Andhra Pradesh, Tirupati district, Tamil Nadu, Tamil Nadu's

Cyclone Michaung was expected to make landfall on the coast of the southern Indian state of Andhra Pradesh on Tuesday morning, the country's weather office said, with sustained winds of 90-100 kph (56-62 mph), gusting to 110 kph. Two people were killed when a wall collapsed because of heavy rain in the Chengalpattu district of neighbouring Tamil Nadu state, joint director of the state disaster management department, C. Muthukumaran, told Reuters. [1/3]People move in a boat past partially submerged vehicles in a residential area following heavy rains ahead of Cyclone Michaung in Chennai, India, December 4, 2023. Parts of Andhra Pradesh were likely to get more than 200 millimetres (8 inches) of rain over the next 24 hours, India's weather office said. At least 800 people have been evacuated so far from Bapatla, the coastal town in Andhra Pradesh where the cyclone is expected to make landfall on Tuesday, P Ranjit Basha, district collector of Bapatla, said.

Persons: Cyclone Michaung, Muthukumaran, Ranjit Basha, Praveen, Jatindra, Shilpa Jamkhandikar, Gerry Doyle, Sharon Singleton Organizations: Cyclone, Reuters, REUTERS, Authorities, ., Thomson Locations: CHENNAI, Andhra Pradesh, Chengalpattu, Tamil Nadu, Chennai, India, Bapatla, Sadam, Hyderabad, Bhubaneshwar

☆ Nepal registers first same-sex marriage; 'historic', say activists
▼ + stars: | 2023-11-29 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

[1/2] Participants take part in an annual LGBTQ+ Pride parade, in Kathmandu, Nepal June 10, 2023. "We have issued the marriage registration certificate to the couple in consideration of the Supreme Court order and instructions from relevant government authorities," said Hem Raj Kafle, chief administrative officer of the Dordi rural municipality. In June, the country's Supreme Court issued an interim order allowing same-sex couples to register their marriages pending a final verdict. "It is historic," said Pant, a former lawmaker, noting that it was the first such registration in South Asia. Taiwan is the only other country to legalise same-sex marriage in Asia, where societies remain largely conservative.

Persons: Navesh, Ram Bahadur, Gurung, Surendra Pandey, Pandey, Raj Kafle, Sunil Babu Pant, Nepal's, Pant, Gopal Sharma, Shilpa Jamkhandikar, Richard Chang Organizations: REUTERS, Blue Diamond Society, Maoists, Nepali Congress, Thomson Locations: Kathmandu, Nepal, Lumjung, South Asia, Taiwan, Asia

☆ Reeling under toxic air, India's capital shuts schools
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

People and vehicles are seen on a road amidst the morning smog in New Delhi, India, November 8, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Nov 8 (Reuters) - Reeling under hazardous air quality levels, India's capital New Delhi shut down all schools for an extended period on Wednesday, the latest in a series of measures to protect residents from growing air pollution. Air quality levels in the city were over 320 on the air quality index, a level categorised as 'hazardous' by Swiss group IQAir, although it was not as bad as the 400 range hit earlier this week. Schools in the capital city would remain closed from Thursday until Nov. 18 on a winter break, which was originally scheduled for January, the Delhi government said in a notification. Primary schools in the city had already been shut, as part of measures to protect young children against smog and growing air pollution.

Persons: Anushree, SAFAR, Shivam Patel, Manoj Kumar, Shilpa Jamkhandikar, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Thomson Locations: New Delhi, India, DELHI, Swiss, Delhi, Farmers, Punjab, Haryana

☆ India's fiscal position remains solid, headline inflation to stay within target - ministry
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

A labourer carries a sack at a wholesale market in the old quarters of Delhi, India, June 7, 2023. REUTERS/Anushree Fadnavis/File photo Acquire Licensing RightsNEW DELHI, Oct 23 (Reuters) - India's fiscal position remains solid with steady revenue growth, and headline inflation is likely to remain within the target band, the government said on Monday. "Rationalisation of revenue expenditure has enabled the front-loading of capital expenditure while keeping the market borrowing programme tied to the budgeted target," the report said. Headline inflation was also likely to remain within the target band, the report said, due to the downward trajectory observed in core inflation. While sluggish global demand is affecting India's trade, this is projected to recover in the second half, said the report adding that India's forex reserve position is "comfortable" and external account "robust".

Persons: Anushree, Downside, Nikunj Ohri, Shilpa Jamkhandikar, Christopher Cushing, Mike Harrison Organizations: REUTERS, Reuters, Thomson Locations: Delhi, India, DELHI

☆ India's top court declines to legalise same-sex marriage
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

[1/3] A writer and member of the lesbian, gay, bisexual and transgender community (LGBT community) holds the pride flag while waiting to hear the judgement on same-sex marriage by the Supreme Court in New Delhi, India, October 17, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Oct 17 (Reuters) - India's top court on Tuesday said it cannot legalise same-sex marriages, with the chief justice of the country saying making such a law is the domain of parliament. Chandrachud said there was a degree of "agreement and disagreement on how far we have to go" on same-sex marriages as he began reading his order. Two of the other four judges agreed with Chandrachud on the court not legalising same-sex marriages, making it a majority. The court ruling comes five years after a historic 2018 judgement when the Supreme Court scrapped a colonial-era ban on gay sex.

Persons: Anushree, Chandrachud, Narendra Modi's, Arpan Chaturvedi, Shilpa Jamkhandikar Organizations: REUTERS, Supreme, Rajesh, Thomson Locations: New Delhi, India, DELHI, Taiwan, Nepal, Asia

☆ India tells X, YouTube, Telegram to remove any child sexual abuse material
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

[1/3] A keyboard is placed in front of a displayed Telegram logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMUMBAI, Oct 7 (Reuters) - India has sent notices to social media platforms X, formerly known as Twitter, YouTube (GOOGL.O) and Telegram asking them to ensure there is no child sexual abuse material on their platforms, the government said on Friday. The notices, sent by the Ministry of Electronics and Information Technology (MEITY), emphasised the importance of prompt and permanent removal of any child sexual abuse material on the platforms. Telegram said child abuse materials were explicitly forbidden by its terms of service. The government, in the notices, also asked companies to take measures, such as content moderation algorithms and reporting mechanisms, to prevent the dissemination of child sexual abuse material in future.

Persons: Dado Ruvic, Rajeev Chandrashekhar, Chandrasekhar, Narendra Modi's, Shilpa Jamkhandikar, Shubhendu Deshmukh, Susan Fenton, Robert Birsel Organizations: REUTERS, Rights, Twitter, YouTube, Telegram, Ministry of Electronics, Information Technology, Google, Reuters, Netflix, Disney, Thomson Locations: Rights MUMBAI, India, Bangalore

☆ India tells X, Youtube, Telegram to remove any child sexual abuse material from platforms
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

[1/3] A keyboard is placed in front of a displayed Telegram logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMUMBAI, Oct 6 (Reuters) - India has sent notices to social media platforms X, formerly known as Twitter, Youtube (GOOGL.O) and Telegram asking them to ensure there is no child sexual abuse material on their platforms, the government said on Friday. The notices, sent by the federal Ministry of Electronics and Information Technology (MEITY), emphasised the importance of prompt and permanent removal of any child sexual abuse material on these platforms. Representatives for X and Google, which owns YouTube, as well Telegram did not immediately respond to Reuters requests for comment. The notices also asked companies to take proactive measures, such as content moderation algorithms and reporting mechanisms, to prevent the dissemination of child sexual abuse material in the future, the statement said.

Persons: Dado Ruvic, Rajeev Chandrashekhar, Chandrasekhar, Narendra Modi's, Shilpa Jamkhandikar, Susan Fenton Organizations: REUTERS, Rights, Telegram, Ministry of Electronics, Information Technology, Google, Reuters, Netflix, Disney, Thomson Locations: Rights MUMBAI, India

NANDED, India, Oct 3 (Reuters) - Twelve infants died in one day at a hospital in the Indian state of Maharashtra, sparking a political storm on Tuesday with opposition politicians accusing the regional government and hospital authorities of negligence. "My brother's one-day old infant died on Sunday at the hospital, and he was the fifth baby to die. We saw four more babies die in front of us," said Yogesh Solanki, whose family brought the baby to the hospital. The dean of Shankarrao Chavan hospital, Shyamrao Wakode, did not respond to a Reuters request for comment on this allegation or opposition accusations of negligence, saying in a brief phone call that he had no time because a government minister was visiting the premises. In Shankarrao Chavan hospital on Tuesday, patients crowded the corridors and pigs roamed the premises outside, underlining the disarray at most government-run hospitals in the world's most populous country.

Persons: Yogesh Solanki, Solanki, Shyamrao Wakode, Wakode, Francis Mascarenhas, Girish Mahajan, Narendra Modi's, Rahul Gandhi, Francis Mascerehnas, Sakshi Dayal, Mark Heinrich Our Organizations: Hospital, Reuters, Medical College, REUTERS, BJP, World Health Organisation, Thomson Locations: NANDED, India, Indian, Maharashtra, Nanded, Mumbai, Chavan, Thane, New Delhi

☆ Around 22 countries exploring bilateral trade with India in rupee - finance minister
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

Sept 15 (Reuters) - Around 22 countries were negotiating and exploring bilateral trade with India in rupees, Nirmala Sitharaman, the South Asian country's finance minister said on Friday. "About 22 countries are negotiating and approaching us to see if bilateral trade can be held (in rupees). It is also because many of... those countries are running short of dollar," Sitharaman told news channel NDTV during an interview. Reporting by Nikunj Ohri and Shivangi Acharya, writing by Shilpa Jamkhandikar; editing by Sudipto GangulyOur Standards: The Thomson Reuters Trust Principles.

Persons: Nirmala Sitharaman, Sitharaman, Nikunj Ohri, Shivangi Acharya, Shilpa Jamkhandikar, Sudipto Ganguly Organizations: NDTV, Thomson Locations: India

☆ Brazil needs to review accession to ICC, own judiciary to decide on Putin: Lula
▼ + stars: | 2023-09-11 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

Brazil's President Luiz Inacio Lula da Silva looks on during a press conference at a hotel after the G20 Summit, in New Delhi, India, September 11, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsSept 11 (Reuters) - Brazil's president said on Monday there was a need to review the country's accession to the International Criminal Court when nations like the U.S., China and India had not done so. It would be up to Brazil's judiciary to decide whether Russian President Vladimir Putin would be arrested if he attends next year's G20 summit in the South American country, President Luiz Inacio Lula da Silva told reporters in New Delhi. "I want to know why the U.S, India and China didn't sign the ICC treaty and why our country signed it," Lula said. "If Putin decides to join (next year's summit), it is the judiciary's power to decide (on a possible arrest) and not my government," Lula said.

Persons: Luiz Inacio Lula da Silva, Anushree, Vladimir Putin, Lula, Putin, Sergei Lavrov, Nidhi Verma, Shilpa Jamkhandikar, Muralikumar Anantharaman, Raju Gopalakrishnan Organizations: REUTERS, International Criminal Court, ICC, Thomson Locations: New Delhi, India, U.S, China, American, Ukraine, Russia, Brazil, Rome, Bali and New Delhi, Rio de Janeiro

☆ India counts down to crucial moon landing
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

India's mission - Chandrayaan means "moon vehicle" in Hindi and Sanskrit - is its second attempt to land there. "Landing on the south pole (of the moon) would actually allow India to explore if there is water ice on the moon. Prime Minister Narendra Modi will watch the landing from South Africa, where he is attending the ongoing BRICS summit, media reported. Rough terrain makes a south pole landing difficult, and a first landing would be historic. For India, a successful moon landing would mark its emergence as a space power as Prime Minister Narendra Modi's government looks to spur investment in private space launches and related satellite-based businesses.

Persons: Russia's Luna, ISRO's, Carla Filotico, Adnan Abidi, Narendra Modi, Narendra Modi's, Shilpa Jamkhandikar, Gerry Doyle Organizations: Indian Space Research, SpaceTec Partners, REUTERS, Thomson Locations: MUMBAI, India, Russian, New Delhi, South Africa

☆ 'Oppenheimer' sparks online outrage in India due to Hindu scripture scene
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

The scene features the protagonist reciting a verse from the Bhagwad Gita, considered the holiest of Hindu scripture, just before sexual intercourse. "This should be investigated... on an urgent basis and those involved should be severely punished," the nationalist "Save Culture Save India Foundation" said in a press release. Universal Pictures India, the local unit of the film's producers, did not immediately respond to a request for comment. Officials from the film certification board did not immediately respond to a request for comment. It grossed around 600 million rupees ($7.33 million) since Friday, Warner Bros Discovery, which released the film in India, said on Monday.

Persons: Oppenheimer, Uday Mahurkar, Christopher Nolan, Cillian Murphy, J, Robert Oppenheimer, Shilpa Jamkhandikar, Miral Organizations: Central Board of, Save, Universal Pictures India, Warner Bros Discovery, Thomson Locations: MUMBAI, India

☆ A day after landslide likely trapped more than 100, Indian rescuers look for survivors
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

[1/5] Members of rescue teams prepare graves to bury the victims after a landslide following heavy rains in Raigad district in the western state of Maharashtra, India, July 20, 2023. REUTERS/Francis MascarenhasMUMBAI, July 21 (Reuters) - Rescue teams resumed a search on Friday for possible survivors of a massive landslide in western India that killed 16 people and was suspected to have trapped more than a 100. Thick fog and heavy rain hampered already difficult rescue efforts even further on Friday, Indian television news channels said, more than a day after the incident occurred at midnight on Thursday. On Friday, news channels showed visuals of rescue teams, wearing bright orange raincoats and carrying digging tools, trekking up the mountain to the site of the landslide. More than 100 people were feared trapped in the debris, media said.

Persons: Francis Mascarenhas MUMBAI, Atul Karwal, Devendra Fadnavis, Shilpa Jamkhandikar, Muralikumar Organizations: REUTERS, Rescue, Response Force, Reuters, Thomson Locations: Raigad district, Maharashtra, India, Irshalwadi, Mumbai

IRSHALWADI, India, July 20 (Reuters) - The death toll from a massive landslide in western India rose to 16 late on Thursday, as rescue operations were suspended with around 100 people still feared trapped, officials said. Rescue workers recovered 16 bodies before night fell and local authorities advised they suspend the search, Director General of the National Disaster Response Force (NDRF), Atul Karwal, told Reuters. Rescuers searched for over 12 hours in heavy rains and fog, dodging large boulders that tumbled down the mountain slope, a Reuters witness and local media reported. [1/3]Members of rescue teams prepare graves to bury the victims after a landslide following heavy rains in Raigad district in the western state of Maharashtra, India, July 20, 2023. MORE RAIN COMINGA landslide in a nearby village killed more than 80 people two years ago.

Persons: Atul Karwal, Devendra Fadnavis, Francis Mascarenhas, Singh, Mahal, Mahatma Gandhi, Francis Mascerenhas, Shilpa Jamkhandikar, Rajendra Jadhav, Sumit Khanna, Robert Birsel Organizations: Response Force, Reuters, REUTERS, Indian Express, India Meteorological Department, Thomson Locations: IRSHALWADI, India, Irshalwadi, Maharashtra, Mumbai, Raigad district, Gujarat, New Delhi, Red, Rajghat

☆ US working with India on platform to speed energy transition - Yellen
▼ + stars: | 2023-07-17 | by ( Aftab Ahmed | ) www.reuters.com time to read: +2 min

[1/3] U.S. Treasury Secretary Janet Yellen addresses the media, along with Indian Finance Minister Nirmala Sitharaman, on the sidelines of a G20 meeting at Gandhinagar, India, July 17, 2023. REUTERS/Amit DaveGANDHINAGAR, India, July 17 (Reuters) - The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India's energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. The visit is Yellen's third to India this year, indicating the growing closeness between the two countries. Australia and Japan are hoping to make progress during the G20 meeting on the global minimum tax. Yellen will visit Vietnam after the G20 finance meetings end on July 18.

Persons: Janet Yellen, Nirmala Sitharaman, Amit Dave GANDHINAGAR, Yellen, Sitharaman, Narendra Modi's, Swati Bhat, Shilpa Jamkhandikar, Christian Schmollinger, Lincoln, Simon Cameron, Moore Organizations: . Treasury, Indian Finance, REUTERS, Treasury, Thomson Locations: Gandhinagar, India, United States, U.S, Gujarat, Washington, Australia, Japan, Vietnam

☆ US working with India on platform to speed its energy transition - Yellen
▼ + stars: | 2023-07-17 | by ( Aftab Ahmed | ) www.reuters.com time to read: +1 min

GANDHINAGAR, India, July 17 (Reuters) - The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India's energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. The visit is Yellen's third to India this year, indicating the growing closeness between the two countries. Yellen said the two nations have been collaborating across a range of economic issues, including commercial and technological collaboration and strengthening supply chains. "In particular, we look forward to working with India on an investment platform to deliver a lower cost of capital and increased private investment to speed India's energy transition," she said. Yellen will visit Vietnam after the G20 finance meetings end on July 18.

Persons: Janet Yellen, Nirmala Sitharaman, Narendra Modi's, Yellen, Swati Bhat, Shilpa Jamkhandikar, Christian Schmollinger Organizations: Treasury, Thomson Locations: GANDHINAGAR, India, United States, U.S, Washington, Vietnam, Lincoln

☆ Nepal retrieves bodies of six killed in helicopter crash
▼ + stars: | 2023-07-11 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

[1/5] People unload the body from air transport of a person killed in a helicopter crash belonging to Manang air, at Tribhuvan University Teaching Hospital in Kathmandu, Nepal July 11, 2023. REUTERS/Navesh ChitrakarKATHMANDU, July 11 (Reuters) - Authorities in Nepal have retrieved the bodies of all six people killed in a helicopter crash on Tuesday, including five Mexican nationals, officials said, the latest in a series of air disasters to strike the Himalayan nation. The helicopter was operated by Manang Air, which ferries tourists seeking a view of the country's towering peaks, including Mount Everest, the world's tallest mountain. "We have already dispatched four bodies to Kathmandu in a helicopter and are preparing to send the remaining two soon," Bhattarai told Reuters from the crash site. Nepal's worst air crash in 30 years killed 71 people in January, when a plane went down near the tourist city of Pokhara.

Persons: Mount Everest, Basanta Bhattarai, Bhattarai, Sita Adhikari, Nima Tshering Sherpa, Teknath Sitoula, Raju Neupane, Gopal Sharma, Shilpa Jamkhandikar, Ed Osmond, Clarence Fernandez, Mark Heinrich Our Organizations: Tribhuvan University Teaching Hospital, REUTERS, Authorities, Manang, Reuters, Thomson Locations: Kathmandu, Nepal, KATHMANDU, Likkhu, Solukhumbu, Nepali, Pokhara

☆ Torrential rain, floods kill 22 across northern India
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

National Disaster Response Force/Handout... Read moreJuly 10 (Reuters) - Torrential rain across northern India has killed at least 22 people, as well as causing landslides and flash floods in the region, authorities and local media said on Monday. At least 22 people died in floods and landslides in the northern states of Himachal Pradesh, Uttarakhand, Uttar Pradesh, Jammu and Kashmir and Punjab on Sunday, the Times of India newspaper reported. In the northern state of Himachal Pradesh, flash floods over the weekend brought down a bridge and swept away several hutments. Streets across the northern states, including in Punjab, Delhi and Uttarakhand were flooded. Many districts in Himachal Pradesh received a month’s rainfall in a day at the weekend, said a senior weather department official.

Persons: Read, Sukhvinder Singh Sukhu, Shilpa Jamkhandikar, Rajendra Organizations: National, Response Force, . Schools, Authorities, Thomson Locations: Nagwain, Himachal Pradesh, India, New Delhi, Uttarakhand, Uttar Pradesh, Jammu, Kashmir, Punjab, Delhi

MUMBAI, July 7 (Reuters) - India's federal police have arrested three railway employees on Friday in connection with the country's deadliest train crash in two decades that killed 292 people last month, the crime agency said in a statement. It is India's worst train crash in more than two decades. The accident happened when a passenger train hit a stationary freight train, jumped off the tracks and hit another passenger train coming from the opposite direction. Reuters reported earlier this week that workers repairing a rail-road barrier had made faulty connections in the automated signalling system on the network. The malfunctioning system directed the passenger train onto the path of the freight train, it said.

Persons: Narendra Modi's, Shilpa Jamkhandikar, Krishn Kaushik, Jatindra, Shivam Patel, YP Rajesh, Hugh Lawson Organizations: Central Bureau of Investigation, CBI, Reuters, of Railway Safety, CRS, Local, Indian Railways, Railway Board, Railways Ministry, YP, Thomson Locations: MUMBAI, Bahanaga Bazar, Odisha

It is not the end of our relationship with the IMF though, as the SBA is a short-term bridging operation. GARETH LEATHER, SENIOR ASIA ECONOMIST AT CAPITAL ECONOMICS, LONDON"The agreement of a loan deal between Pakistan and the IMF should put the economy back on a more secure footing and limit the biggest downside risks. There is a strong risk that Pakistan reneges on the deal once the immediate crisis has passed. Our target shall be that the next IMF programme should be the last one and it would be a great opportunity to correct our fiscal account once and for all." "Things would have been much better if successive governments would have invested in completing the IMF programme.

Persons: MURTAZA SYED, GARETH, Shehbaz Sharif, ABDUL ALEEM, SHERANI, SHAHBAZ ASHRAF, MAHA RAHMAN, ZAFAR MASUD, MUSTAFA PASHA, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, MOHAMMED SOHAIL, AHFAZ MUSTAFA, ISMAIL IQBAL, SAJID AMIN JAVED, Ariba Shahid, Shilpa Jamkhandikar, Raju Gopalakrishnan Organizations: Monetary Fund, South, IMF, BANK OF PAKISTAN, SBA, State Bank, EFF, Capital, UL HAQ, OF PUNJAB, Pakistan, ARIF, Thomson Locations: Pakistan, ASIA, KARACHI, ISLAMABAD, LAHORE, PAKISTAN

☆ Sri Lanka targets 30% haircut for international, domestic dollar bonds
▼ + stars: | 2023-06-29 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +5 min

The government also aims to rework its foreign debt with bondholders and bilateral creditors including China, Japan and India. Under the domestic debt revamp, holders of locally issued dollar-denominated bonds, such as Sri Lanka Development Bonds (SLDBs), will be given three options, Weerasinghe said. "We are asking foreign debt holders for a 30% haircut but that is still under discussion," Weerasinghe said. "Sri Lanka is under enormous pressure to restructure as quickly as possible and get its economy back on track, they need funds to import a lot of goods to reinvigorate their key tourism industry," Lutz Roehmeyer, fund manager at Capitulum Asset Management, who holds Sri Lanka international bonds. "A 30% haircut is too little given the shape the country's economy is in."

Persons: Nandalal Weerasinghe, Gotabaya Rajapaksa, Weerasinghe, Lutz Roehmeyer, Uditha Jayasinghe, Rosario, Karin Strohecker, Shilpa Jamkhandikar, Himani Sarkar, Kim Coghill, Simon Cameron, Moore, Toby Chopra Organizations: Saturday International, International Monetary Fund, IMF, Sri Lanka Development, Capitulum Asset Management, Sri Lanka, World Bank, Sri, Jorgelina, Thomson Locations: COLOMBO, Sri Lanka, Britain, China, Japan, India, United States

☆ Factbox: Sri Lanka asks foreign investors for a 30% haircut in debt restructure
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +5 min

The domestic debt restructure is needed to help the country reach the IMF programme goal of reducing overall debt to 95% of GDP by 2032. WHAT WILL THE DOMESTIC DEBT RESTRUCTURING INCLUDE? "We are asking foreign debt holders for a 30% haircut but that is still under discussion," Weerasinghe said. This will be implemented in Phase 2 of the domestic debt restructuring. Aiming to contain any potential market volatility, Sri Lanka declared a five-day holiday from June 29 to July 3.

Persons: Read, Nandalal Weerasinghe, Weerasinghe, Mahinda Siriwardana, CBSL, Uditha Jayasinghe, Shilpa Jamkhandikar, Kim Coghill, Emelia Organizations: International Monetary Fund, IMF, Sri Lanka Development, Bank of Sri, Treasury, Sri, Thomson Locations: Colombo, Sri Lanka, Britain, Bank of Sri Lanka, China, Japan, India

[1/2] Supporters of Pakistan's former Prime Minister Imran Khan block a highway, during a protest against his arrest, in Karachi, Pakistan May 9, 2023. REUTERS/Akhtar Soomro/File PhotoISLAMABAD, June 26 (Reuters) - Pakistan's army has sacked three senior officers, including a lieutenant general, for failing to prevent violent attacks on military assets by ex-prime minister Imran Khan's supporters protesting his arrest, the army's spokesperson said on Monday. He also declined to name the senior officers who had been fired. Human rights groups have raised concerns about military trials of civilians in Pakistan that they say cannot ensure a fair defence. Chaudhry added that several relatives, including women, of senior army officers were also facing trials for allegedly being facilitators of the violence.

Persons: Imran Khan, Akhtar Soomro, Imran Khan's, Ahmad Sharif Chaudhry, Chaudhry, Asif Shahzad, Shilpa Jamkhandikar, Toby Chopra, Christina Fincher, Mark Heinrich Our Organizations: REUTERS, Thomson Locations: Karachi, Pakistan, ISLAMABAD, Rawalpindi

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