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Raghuram Rajan
Speculation mounts on Rajan successor Details on page 13
Appeal to sign Bhopal petition to White House Details on page 20
Shanghai gets a Disneyland
VOL 21, No. 1134
June 24, 2016
50¢
Periodical Postage
2ND WAVE OF REFORMS IN AVIATION, DEFENSE NEW DELHI: The Indian Government has launched a second wave of FDI reforms allowing 100 per cent inflows in civil aviation and food processing sectors while easing norms in defense and pharmaceuticals, steps apparently aimed at neutralizing fallout of Raghuram Rajan's decision to exit RBI. A significant change in local sourcing policy for singlebrand retail trading could now enable US-based Apple Inc to open stores under the decisions which also cover broadcasting carriage services, private security agencies and animal husbandry.
The major reform measures were decided at a high-level meeting chaired by Prime Minister Narendra Modi. The Prime Minister's Office (PMO) said the decisions will make "India the most open economy in the world for FDI", but critics said it was a "panic" reaction to Rajan's decision to exit RBI and return to academia after September 4. The stock markets also reacted positively to the news of FDI reforms even as they recovered from early morning plunge after talking-up by influential marketmen that helped counter Rexit (Rajan's exit) jitters.
Details on page 5
US asks NSG members to support India Details on page 8
China: Door open for talks on India in NSG Details on page 8
India-US defense ties closer than ever: Carter Details on page 9
Indian-American running for New Jersey seat
Details on page 50
Abhay Patel contesting for US Senate
Details on page 9
CONTENTS
Details on page 9
Bollywood ---------------------- 28-29 Classifieds ------------------------- 48
INDIA POST SURVEY
Community Post -------------- 16-25
survey@indiapost.com
Edit Page --------------------------- 54
This week’s question
HealthScience Post --------- 32-35
Date Book -------------------------- 47
Horoscope ------------------------- 26
Was Rajan a hurdle to BJP’s economic plans?
Immigration Post ------------- 44-45 Life Style ----------------------- 50-53
Last week’s result
Modi’s address to US Congress was historic? YES 81%
NO 19%
Philosophy ------------------------- 49 Publisher’s Diary ------------------ 4
LEADING FROM FRONT: Prime Minister Narendra Modi leads participants on the occasion of the 2nd International Day of Yoga at the Capitol Complex in Chandigarh on June 21. (Details on page 6)
Real Estate -------------------- 42-43 TechBiz Post ------------------- 12-15 Travel & Hospitality Post ---- 36-39
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