Online Producer, New Delhi
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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.

Jun 7, 2012
via India Insight

Diesel strategy: merely old wine in new bottle?

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Planning to buy a car? Seeing petrol prices head northwards, chances are high you would have changed your mind and now intend to buy a diesel-powered vehicle. That might be a smart move given the government’s reluctance to tinker with diesel prices in the face of stiff opposition. But there are plans afoot to deter you.

After considering raising diesel prices at one point, the government is now mulling a proposal of higher duty on diesel vehicles and even thinking of increasing diesel prices only for cars and sports utility vehicles (SUVs) — something that has been debated earlier.

Jun 4, 2012

Equity mutual funds fall most in 6 months in May

NEW DELHI (Reuters) – There is little respite seen for equity mutual funds in the near term, with government inaction to tackle a sharp slowdown in domestic growth and a shaky global economy driving investors away from risky assets.

India’s diversified stock funds fell the most in six months in May, pulled down by banks and automobiles among others, and any chance for a rebound is unlikely after March-quarter gross domestic product growth fell to its slowest pace in nine years.

Jun 4, 2012

India equity funds fall most in 6 mths in May, outlook bleak

NEW DELHI, June 4 (Reuters) – There is little respite seen
for Indian equity funds in the near term, with government
inaction to tackle a sharp slowdown in domestic growth and a
shaky global economy driving investors away from risky assets.

India’s diversified stock funds fell the most in six months
in May, pulled down by banks and automobiles among others, and
any chance for a rebound is unlikely after March-quarter gross
domestic product growth fell to its slowest pace in nine years.

May 24, 2012
via India Insight

It’s time India bites the diesel bullet

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“81 rupees?” asked an astonished TV anchor when an irate Bengaluru-based consumer called in after the recent 7.5-rupee hike in petrol prices. Perhaps cars that run on milk are now needed, the anchor suggested — when the caller said the dairy product costs around 30 rupees a litre.

While milk-powered automobiles might be a distant dream, the reality remains that those relying on petrol vehicles will now need to do their budgeting again. If a falling rupee and high inflation were not enough, this steepest-ever rise in petrol prices will surely pinch.

May 21, 2012
via India Insight

Mr Pranab Mukherjee, did we hear ‘austerity’?

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India is going through a rough patch. The common man knows it, foreign investors know it and so does our government.

Finance Minister Pranab Mukherjee, who is also one of the contenders for the post of president, has been trying his best to clear the air and restore the confidence to get the economy back on track.

May 14, 2012
via India Insight

As the economy and markets struggle, India needs tough actions

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Slowing growth, a falling rupee, sliding stock markets, a rising current account deficit, drying foreign inflows and policy paralysis at the centre. Things certainly don’t look rosy for India.

With the rupee down 22 percent in the last 10 months and a 6 percent drop in stock markets so far in May (as of Friday’s close), is it time for the government to seriously rethink its strategy ahead of the 2014 general elections?

May 2, 2012

FMCG, pharma funds in vogue as economy struggles

NEW DELHI (Reuters) – Indian equity funds focusing on consumer goods and healthcare companies topped the performance charts in April, and the country’s struggling economy is set to drive more investors to the defensive sectors.

Growth in Asia’s third largest economy has been slowing, fiscal and trade deficits have widened sharply and the inability of the government to push key reforms such as cutting subsidies and opening up the economy have dented investor confidence.

May 2, 2012

India defensive funds in vogue as economy struggles

NEW DELHI, May 2 (Reuters) – Indian equity funds focusing on
consumer goods and healthcare companies topped the performance
charts in April, and the country’s struggling economy is set to
drive more investors to the defensive sectors.

Growth in Asia’s third largest economy has been slowing,
fiscal and trade deficits have widened sharply and the inability
of the government to push key reforms such as cutting subsidies
and opening up the economy have dented investor confidence.

Apr 23, 2012

Unable to clear your credit card bill? Try balance transfer

NEW DELHI (Reuters) – Have you exceeded your budget while swiping your credit card recently? If yes, a balance transfer could be a convenient way to delay your card payment with minimal interest, giving you time to arrange funds.

Making a partial payment or not paying your credit card bills can attract a high interest rate, more than 30 percent per annum in some cases, and can push you into a debt trap.

    • 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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