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Canada Goose sale NEW DELHI (Reuters) India fragile ruling coalition won a vote on allowing foreign supermarkets to operate in Asia third largest economy on canada goose uk black friday Wednesday, in a key test of support for Prime Minister Manmohan Singh and his flagship economic reform. Canada Goose sale
Canada Goose Outlet An employee weighs a packet chickpea flour inside a mom and pop grocery store at a residential area in Mumbai December 5, 2012. India’s fragile ruling coalition won a vote on allowing foreign supermarkets to operate in Asia’s cheap canada goose uk third largest economy in a test of support for https://www.uscanadagooseoutletsale.com Prime Minister Manmohan canadian goose jacket Singh’s minority government and his flagship economic reform. REUTERS/Danish Siddiqui Canada Goose Outlet
canada goose store It was a much needed boost for Singh at a time when he canada goose uk outlet is trying to drive a second wave of reforms through a fractious parliament. buy canada goose jacket cheap The debate over retail reform has proved a costly distraction for the minority government, eating up two weeks of the Canada Goose Online month canada uscanadagooseoutletsale.com goose coats on sale long parliamentary session. canada goose store
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Expectations the government would win had earlier driven India stock market to a 19 month high.
in retail was a barometer to test the government strength and the government has proved Canada Goose online that they have the support in the parliament to push through such reforms, said Samiran Chakraborty, regional head of research at Standard Chartered Bank India.
canada goose clearance sale The vote in parliament lower house which the government won thanks to abstentions by two powerful regional parties was non binding. However, a loss would have made it harder for Singh to defend the policy to bring global chains such as Wal Mart Stores Inc. to India $450 billion retail sector. canada goose clearance sale
Under threat of losing India investment grade credit rating, and facing the prospect of fighting a general election during the worst growth slump in a decade, Singh launched the policy amid a flurry of long delayed reforms in September.
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Canada Goose online RUNNING OUT OF TIME The vote was the first big floor test for the government since a partner pulled out of the coalition in protest at the retail policy, which canada goose uk shop critics say will crush small shopkeepers. Canada Goose online
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cheap Canada Goose Wednesday ended in victory, but the vote underscored how weak Singh coalition now is. To pass legislation in the lower house the government relies on support from the Samajwadi Party and the Bahujan Samaj Party, two canada goose black friday sale capricious regional rivals who oppose many of the government policies but abstained this time. cheap Canada Goose
canadian goose jacket On Friday, the upper house will vote on the same issue. There the government has fewer seats and is likely to lose the symbolic motion. canadian goose jacket
Another vote on the same day on foreign exchange rules is potentially more serious, since a loss canada goose store could slow implementation of the supermarket policy. The lower house passed the foreign exchange vote on Wednesday, straight after the retail vote.
Ratings agency Fitch warned on Monday it could cut India sovereign rating if the government loosens fiscal policy in the run Canada Goose Coats On Sale up to the election, due by 2014, or sees a more prolonged slowdown in economic growth.
canada goose India fiscal deficit is the widest among major emerging economies due to huge spending on subsidies for items such as food, fuel and fertilizer. Few economists believe the government will meet its target of cutting the deficit to 5.3 percent of GDP this year, and spending is likely to rise next year. canada goose
Canada Goose Parka While markets have been heartened by Singh new appetite for reform, Fitch said there was concern the government would lose its focus as electoral issues come to the fore next year. Canada Goose Parka
Topping the government to do list are measures to ensure faster decision making for infrastructure works, overhauling the canada goose coats tax system and cutting the deficit to revive capital investment.
canada goose coats on sale Additional reporting by Neha Dasgupta in MUMBAI and Arup canada goose clearance sale Roychoudhury and Satarupa Bhattacharjya in NEW DELHI; Writing by Frank Jack Daniel and Matthias Williams; Editing by John Chalmers and Alex Richardson canada goose coats on sale.