Yahoo! News: India Top Stories - Reuters

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• Weak monsoon rains worry farmers in India - attache (Reuters)
• Sarabjit Singh, on death row in Pakistan, seeks mercy (Reuters)
• Xinjiang riot toll hits 156 as unrest spreads (Reuters)
• Pranab Mukherjee: to ensure room for pvt borrowers (Reuters)
• Jackson executors given control of singer's estate (Reuters)
• Defence budget up 25 percent after Mumbai attacks (Reuters)
• Govt ups spending to spur growth; markets swoon (Reuters)
• BSE Sensex tumbles on govt deficit concerns (Reuters)
• Govt may end fuel price curbs; cuts natgas tax (Reuters)
• PREVIEW - Dollar, climate top India's G8 summit agenda (Reuters)
• MTN says Bharti Airtel talks still in progress (Reuters)
• Tech Mahindra to boost Satyam stake further (Reuters)
• RBI to support half of govt borrowing plan (Reuters)
• FACTBOX - India's 2009/10 budget and the economy (Reuters)
• FACTBOX - Proposed tax changes in India 2009/10 budget (Reuters)
• Italy hopes China, India agree to G8 climate goal (Reuters)
• Pakistan appeals court decision to free militant (Reuters)
• India aims for 4 pct farm growth; analysts cautious (Reuters)
• Sampras hails Federer as greatest (Reuters)
• Saina Nehwal eyes world championship glory (Reuters)

Weak monsoon rains worry farmers in India - attache (Reuters) Posted: 06 Jul 2009 01:54 PM PDT Reuters - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in New Delhi:

Sarabjit Singh, on death row in Pakistan, seeks mercy (Reuters) Posted: 06 Jul 2009 04:09 AM PDT Reuters - Sarabjit Singh, an Indian man condemned to death in Pakistan for spying, has appealed to President Asif Ali Zardari to spare his life, his lawyer said on Monday, after the Supreme Court dismissed his petition to review the sentence.

Xinjiang riot toll hits 156 as unrest spreads (Reuters) Posted: 06 Jul 2009 05:27 PM PDT Reuters - Chinese police dispersed 200 people gathering outside a mosque in the Silk Road city of Kashgar, the day after ethnic riots killed 156 in the capital of the Muslim Xinjiang region, state media said on Tuesday.

Pranab Mukherjee: to ensure room for pvt borrowers (Reuters) Posted: 06 Jul 2009 07:36 AM PDT Reuters - India will explore innovative ways to ensure the government's heavy borrowing does not "elbow out" private borrowers, Finance Minister Pranab Mukherjee said on Monday.

Jackson executors given control of singer's estate (Reuters) Posted: 06 Jul 2009 12:06 PM PDT Reuters - A Los Angeles judge handed temporary control of Michael Jackson's multimillion dollar estate on Monday to a lawyer and music industry executive named as co-executors in his 2002 will.

Defence budget up 25 percent after Mumbai attacks (Reuters) Posted: 06 Jul 2009 04:58 AM PDT Reuters - India on Monday said defence spending would grow by 25 percent in 2009-10 to $29.39 billion as it moves to modernise weapons systems and overhaul its security forces after last year's Mumbai attacks exposed major gaps.

Govt ups spending to spur growth; markets swoon (Reuters) Posted: 06 Jul 2009 07:29 AM PDT Reuters - India ramped up spending for this fiscal year to support a fragile economic recovery, spooking stock and bond markets with plans for record borrowing and the biggest budget deficit in 16 years.

BSE Sensex tumbles on govt deficit concerns (Reuters) Posted: 06 Jul 2009 07:09 AM PDT Reuters - The BSE Sensex fell nearly 6 percent on Monday, its sharpest slide in six months, and the rupee hit its lowest in more than a week as the government boosted spending in the budget to stoke demand, widening the fiscal deficit.

Govt may end fuel price curbs; cuts natgas tax (Reuters) Posted: 06 Jul 2009 04:09 AM PDT Reuters - India, Asia's third-largest oil consumer, outlined plans in Monday's national budget to pull domestic fuel rates into line with global prices and waived tax on natural gas production to spur investment in exploration.

PREVIEW - Dollar, climate top India's G8 summit agenda (Reuters) Posted: 06 Jul 2009 06:33 AM PDT Reuters - India will be receptive to debate about replacing the dollar as the world's global reserve currency when Prime Minister Manmohan Singh attends this week's G8 summit in Italy.

MTN says Bharti Airtel talks still in progress (Reuters) Posted: 06 Jul 2009 08:19 AM PDT Reuters - South Africa's MTN Group Ltd said on Monday it was still in discussions with India's Bharti Airtel but gave no further details about the talks, which could lead to a full merger.

Tech Mahindra to boost Satyam stake further (Reuters) Posted: 06 Jul 2009 05:41 AM PDT Reuters - India's Tech Mahindra said on Monday it would still look to boost its stake in Mahindra Satyam through a purchase of new shares direct from Satyam, after a public offer received a poor response.

RBI to support half of govt borrowing plan (Reuters) Posted: 06 Jul 2009 06:50 AM PDT Reuters - The government will meet at least half of its gross borrowing requirements for the current fiscal year to March 2010 via the Reserve Bank of India's open market operations, Finance Secretary Ashok Chawla said on Monday.

FACTBOX - India's 2009/10 budget and the economy (Reuters) Posted: 06 Jul 2009 05:35 AM PDT Reuters - India's finance minister on Monday outlined plans to speed infrastructure development and unveiled increased spending for farmers and the poor in the first budget since the Congress-led government was re-elected convincingly in May.

FACTBOX - Proposed tax changes in India 2009/10 budget (Reuters) Posted: 06 Jul 2009 06:24 AM PDT Reuters - Finance Minister Pranab Mukherjee on Monday proposed increasing the minimum alternate tax on firms, but scrapped a tax on commodity transactions.

Italy hopes China, India agree to G8 climate goal (Reuters) Posted: 06 Jul 2009 04:43 AM PDT Reuters - G8 host Italy hopes that China and India will agree on an "extremely ambitious" goal of halving the world's greenhouse gas emissions by 2050 at this week's summit, Foreign Minister Franco Frattini said in a newspaper interview.

Pakistan appeals court decision to free militant (Reuters) Posted: 06 Jul 2009 12:53 AM PDT Reuters - Pakistan lodged appeals on Monday against a court decision to release an Islamist militant leader wanted in India, where he has been accused of plotting a bloody assault on Mumbai in November.

India aims for 4 pct farm growth; analysts cautious (Reuters) Posted: 06 Jul 2009 03:47 AM PDT Reuters - India will boost spending on irrigation and roll out more jobs and loans for farmers to spur the rural economy and lift farm sector growth to 4 percent, Finance Minister Pranab Mukherjee said on Monday.

Sampras hails Federer as greatest (Reuters) Posted: 05 Jul 2009 08:44 PM PDT Reuters - A jetlagged Pete Sampras paid a surprise first visit to Wimbledon for seven years on Sunday to watch Roger Federer overtake his record for grand slam wins, and then hailed the Swiss as the game's best-ever player.

Saina Nehwal eyes world championship glory (Reuters) Posted: 05 Jul 2009 11:47 PM PDT Reuters - Indian world number six Saina Nehwal is training her sights on the world championships after the Indonesian Super Series title last month made her the toast of her medal-starved nation.

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