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The Chinese remarks came ahead of US secretary of state, John Kerry’s visit to India on Saturday.
The unions are protesting Indian Prime Minister Narendra Modi’s plan to privatize the state monopoly fearing job losses.
New Delhi is scrambling to respond to concerns of US companies over India’s civil nuclear liability law ahead of an Obama visit.
Shares of refinery, realty, auto, capital goods and power declined sharply on heavy selling pressure.
The stir has been called by all unions of Coal India Ltd, that accounts for about 80 per cent of India's total coal output.
The HSBC India Purchasing Managers' Index (PMI) stood at 54.5 in December, up from 53.3 in November.??
Last year’s legislation had ensured that buyers pay four times the market value for land earmarked for infrastructure projects in rural areas.
Modi has won the confidence of foreign investors, who poured more money into Indian exchange-traded funds than any other emerging market.
The railways cost the government around $5 billion a year in subsidies and spend 94 per cent of revenues on operating costs.
The legislations could not be passed in the Indian Parliament’s winter session that went into a recess on Tuesday.
