Foreign banks takeover India: Iceland V 2.0?

Money control.com / FT.com 18 Nov 2013 Raghuram Rajan urges `dramatic remaking` of India`s banking system India’s central bank governor Raghuram Rajan is planning a “dramatic remaking” of banking in Asia’s third-largest economy, with an expanded role for foreign groups, more licences for domestic private sector institutions and a push to shake-up state-backed banks in…

India’s PM to skip Chogm amid boycott call

NZ Herald Nov 11, 2013 Indian Prime Minister Manmohan Singh will skip this week’s Commonwealth summit in Sri Lanka, as pressure grows for a boycott of the event over alleged war crimes by Colombo. Singh sent a letter to Sri Lankan President Mahinda Rajapakse on Sunday telling him of his decision not to attend the…