Online Producer, New Delhi
Aditya's Feed
Oct 6, 2012
via India Insight

The news this weekend: LPG, Kejriwal, toilets, politicians… and Somali pirates

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It’s shaping up as a busy weekend for India’s politicians…

The price of LPG — liquefied petroleum gas cylinders, or cooking gas — has risen 11.42 rupees per cylinder because dealers are getting higher commissions. TV channels attacked the government because this “shocker” comes right after the imposition of a cap on subsidized cylinder sales was imposed.

Bharatiya Janata Party politician Smriti Irani said the party will hold a nation-wide protest on Oct. 12, saying the higher prices are “anti-women”. This is presumably because they do more of the daily cooking than men, whose potential inversely proportional waistline shrinkage could be in their favour.

Oct 3, 2012

MFs favour construction, financials: Reuters Poll

MUMBAI/NEW DELHI (Reuters) – Fund managers have responded quickly to New Delhi’s economic reform drive, selling expensive consumer stocks in favour of the construction-related shares they expect to benefit most from new government initiatives to bolster India’s sagging infrastructure, a Reuters poll showed.

Fund managers are also increasing their allocations to financial companies on expectations the central bank will lower interest rates after India recently announced fiscal and economic reforms, the survey found.

Oct 3, 2012

India fund managers favour construction, financials

MUMBAI/NEW DELHI, Oct 3 (Reuters) – Fund managers have
responded quickly to New Delhi’s economic reform drive, selling
expensive consumer stocks in favour of the construction-related
shares they expect to benefit most from new government
initiatives to bolster India’s sagging infrastructure, a Reuters
poll showed.

Fund managers are also increasing their allocations to
financial companies on expectations the central bank will lower
interest rates after India recently announced fiscal and
economic reforms, the survey found.

Sep 18, 2012
via India Insight

Political crisis in India: Mamata Banerjee moves out, UPA should move forward

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It wasn’t unexpected. After more than three long years of association with the UPA II coalition government, key ally Mamata Banerjee is taking her name off the lease, packing up her things and getting ready to move out. Whether she has taken Congress’ chances for holding power in India with her depends on how strong — and willing — the party’s other friends are.

This move, precipitated by her anger at urgent government moves to fix India’s economy, is a case of better late than never. There is no point being part of a coalition if you don’t like how it works or the decisions that it makes.

Sep 14, 2012
via India Insight

Bold move on diesel, but hold the rollback

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Sometimes the government does what it promises. India raised diesel prices by 5 rupees per litre on Thursday in a move guaranteed to alienate the common man, but please foreign investors, oil marketing companies and ratings agencies.

Opposition parties and key government ally Mamata Banerjee expressed their expected disappointment with the decision. The BJP called it a “cruel joke” and “mortal blow,” while West Bengal Chief Minister Banerjee planned a street rally on Saturday and said she was “shocked“.

Sep 5, 2012
via India Insight

Forget CRR cut, Subbarao should cut down his humour

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Is Duvvuri Subbarao, governor of the Reserve Bank of India, considering an alternative career in stand-up comedy? In July, Subbarao tried to lighten the usually grey world of central banking with a self-deprecating wisecrack, linking rising prices and his receding hairline.

“I must admit that even at a personal level, I do not know how to interpret inflation. Twenty years ago when I had a thick mop of hair, I used to pay 25 rupees for a haircut … and now, when I have virtually no hair left, I am paying 150 rupees for a haircut,” he said at a conference.

Jul 3, 2012

Diversified equity funds post best month since Jan

NEW DELHI (Reuters) – India’s diversified stock funds posted their strongest gains in five months in June, reversing a bleak performance in May on improving global sentiment and domestic reform hopes, scoring big gains in the capital goods and financial sectors.

Fresh measures to ease the euro zone crisis, signs the government may revisit economic reforms and efforts to provide clarity on a tax proposal that had panicked foreign investors helped push the benchmark BSE Sensex up 7.5 percent in June to a near two-month closing high.

Jul 3, 2012

India stock funds post best month since Jan, outlook improves

NEW DELHI, July 3 (Reuters) – India’s diversified stock
funds posted their strongest gains in five months in June,
reversing a bleak performance in May on improving global
sentiment and domestic reform hopes, scoring big gains in the
capital goods and financial sectors.

Fresh measures to ease the euro zone crisis, signs the
government may revisit economic reforms and efforts to provide
clarity on a tax proposal that had panicked foreign investors
helped push the benchmark BSE index up 7.5 percent in
June to a near two-month closing high.

Jun 16, 2012
via India Insight

Congress strikes two birds with one stone

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Why so much euphoria over the presidential polls? Shouldn’t the government concentrate on the economy; it’s a ceremonial post after all, we thought.

However, the way the election process panned out might be the boost the Congress party needed ahead of the 2014 general elections, not only politically, but even for the economy.

Jun 8, 2012
via India Insight

With stalled reforms, Indian government needs to win new friends

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‘Deferred’ — Excessive use of this word is something that India cannot afford at this stage. Amid economic turmoil, reforms are desperately needed to signal the government’s resolve to fix the current situation.

But in yet another postponement on Thursday, the cabinet deferred the pension reform bill which proposed to open the sector to foreign investors, after key ally Mamata Banerjee, chief minister of West Bengal and Trinamool party chief, opposed it.

    • About Aditya

      "Aditya is part of the India politics, economy and general news team at the Reuters bureau in New Delhi. After joining Reuters in July 2008, Aditya spent nearly six years managing content and writing for the Reuters.com India edition. During 2013-14, he was closely involved in developing the website's India Insight platform, writing on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityakalra"
      Joined Reuters:
      July 2008
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