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Oct 25, 2012

Kingfisher Airlines staff agree to resume work

NEW DELHI (Reuters) – Employees of grounded Kingfisher Airlines Ltd(KING.NS: Quote, Profile, Research) have agreed to return to work, the embattled carrier’s chief executive said on Thursday after meeting with staff, who have not received their salaries since March.

The airline founded by liquor baron Vijay Mallya, which has not flown since the start of October after an employee protest turned violent, still must convince the aviation regulator to reinstate its licence, which was suspended on Saturday.

Oct 25, 2012

Kingfisher Airlines staff agree to resume work, CEO says

NEW DELHI, Oct 25 (Reuters) – Employees of India’s grounded
Kingfisher Airlines Ltd have agreed to return to work,
the embattled carrier’s chief executive said on Thursday after
meeting with staff, who have not received their salaries since
March.

The airline founded by liquor baron Vijay Mallya, which has
not flown since the start of October after an employee protest
turned violent, still must convince the aviation regulator to
reinstate its licence, which was suspended on Saturday.

Oct 10, 2012

Russia further delays delivery of Admiral Gorshkov to India

NEW DELHI (Reuters) – Russia delayed delivery of a trouble-plagued aircraft carrier for at least a year on Friday, a blow to India’s efforts to quickly build up naval strength as increasingly assertive Asian rival China expands its maritime reach.

Originally built as the Admiral Gorshkov in the Soviet Union, the $2.3 billion aircraft carrier is being reconditioned and was due to be ready this year, but problems with the ship’s boilers have pushed the delivery date back several times.

Oct 10, 2012

Russia further delays delivery of aircraft carrier to India

NEW DELHI, Oct 10 (Reuters) – Russia delayed delivery of a
trouble-plagued aircraft carrier for at least a year on Friday,
a blow to India’s efforts to quickly build up naval strength as
increasingly assertive Asian rival China expands its maritime
reach.

Originally built as the Admiral Gorshkov in the Soviet
Union, the $2.3 billion aircraft carrier is being reconditioned
and was due to be ready this year, but problems with the ship’s
boilers have pushed the delivery date back several times.

Sep 15, 2012

India PM warns against policy logjam; reforms draw protest

NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh warned that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unexpectedly unveiled long-delayed reforms aimed at reviving growth and preventing a credit-rating downgrade.

Political opponents and a key coalition ally took to the streets on Saturday to protest Friday’s move to allow foreign players into the supermarket industry and Thursday’s decision to increase heavily subsidised diesel prices.

Sep 15, 2012

PM warns policy logjam could slow growth to 5 pct

NEW DELHI (Reuters) – Prime Minister Manmohan Singh warned on Saturday that a prolonged policy logjam could slow economic growth to 5 percent, a day after the government unveiled long-delayed reforms aimed at reviving growth and preventing a credit rating downgrade.

Singh said at a planning commission meeting to finalise investment targets for the five years to March 2017 that the government would aim for 8.2 percent annual growth over that period, down from an earlier target of 9 percent. He also outlined three potential scenarios at Saturday’s meeting.

Sep 15, 2012

India PM warns policy logjam could slow growth to 5 percent

NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh warned on Saturday that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unveiled long-delayed reforms aimed at reviving growth and preventing a credit rating downgrade.

Singh said at a planning commission meeting to finalise investment targets for the five years to March 2017 that the government would aim for 8.2 percent annual growth over that period, down from an earlier target of 9 percent. He also outlined three potential scenarios at Saturday’s meeting.

Sep 10, 2012

For Chidambaram, there is no time to waste

NEW DELHI (Reuters) – P. Chidambaram has a simple message for investors disillusioned by India’s policy drift: it is no longer ‘business as usual’ in the corridors of North Block, the sandstone colonial building that houses the finance ministry in New Delhi.

For months, critics have accused Prime Minister Manmohan Singh’s government of being asleep at the wheel. Frustrated investors accuse it of both over-confidence and complacency in the face of an economic slowdown that has shattered the country’s reputation as ‘Incredible India’.

Sep 9, 2012

For India’s new finance minister, there is no time to waste

NEW DELHI, Sept 10 (Reuters) – P. Chidambaram has a simple
message for investors disillusioned by India’s policy drift: it
is no longer ‘business as usual’ in the corridors of North
Block, the sandstone colonial building that houses the finance
ministry in New Delhi.

For months, critics have accused Prime Minister Manmohan
Singh’s government of being asleep at the wheel. Frustrated
investors accuse it of both over-confidence and complacency in
the face of an economic slowdown that has shattered the
country’s reputation as ‘Incredible India’.

Aug 1, 2012

Media barbs puncture India anti-corruption campaign

NEW DELHI (Reuters) – A renewed push by India’s anti-corruption crusader Anna Hazare has been overshadowed by a row with the increasingly powerful media, which could weaken the veteran activist’s position as he prepares for another showdown with the government.

Hazare began another public hunger strike in New Delhi on Sunday to put pressure on Prime Minister Manmohan Singh’s government to pass a long-delayed bill to create an anti-graft ombudsman during the parliament session that starts next week.

    • About Arup

      "I cover India's economic policies, and the people behind them, out of New Delhi. I also write on defence matters affecting the world's largest arms importer and contribute to the political and general file. I started my career with the Reuters Bangalore bureau in 2008."
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