Bappa's Feed
Jul 19, 2010

Trains collide in West Bengal, 49 dead

NEW DELHI (Reuters) – A speeding passenger train crashed into another waiting at a station in West Bengal early on Monday, killing 49 people and injuring about 100, officials said.

This was the second major accident in West Bengal within two months. In May, a train sabotage blamed on Maoist rebels killed more than 70 people. The rebels denied the charge.

Jul 14, 2010

India sets up unified command to tackle Maoists

NEW DELHI, July 14 (Reuters) – India announced a unified
command structure on Wednesday to help coordinate a security
offensive against Maoist rebels, but analysts said the move may
not be enough to turn around the battle against the insurgency.

The unified command, which will include a former army
general, underlines urgency to tackle a rebellion that has
roiled poor rural regions where a sense of official neglect
runs deep.

Jun 15, 2010

Govt backs RBI on prices; deputy gov hints at hike

NEW DELHI (Reuters) – The government gave a nod on Tuesday to the Reserve Bank of India (RBI) to take appropriate action to tame accelerating inflation, toning down earlier comments, and a central banker said a rate hike could come before a scheduled July review.

India’s headline inflation unexpectedly accelerated in May, heightening expectations the Reserve Bank of India (RBI) would raise rates before its July 27 review meeting despite concerns over Europe’s debt crisis.

Jun 15, 2010

India govt backs cbank on prices; dy gov hints at hike

NEW DELHI, June 15 (Reuters) – India’s government gave a
nod on Tuesday to the central bank to take appropriate action
to tame accelerating inflation, toning down earlier comments,
and a central banker said a rate hike could come before a
scheduled July review.

India’s headline inflation unexpectedly accelerated in May,
heightening expectations the Reserve Bank of India (RBI) would
raise rates before its July 27 review meeting despite concerns
over Europe’s debt crisis. [ID:nSGE65E027]

Jun 11, 2010

Indian cabinet keeps off fuel price reform

NEW DELHI, June 10 (Reuters) – India’s cabinet did not
discuss any proposal to raise fuel prices or reform the sector
on Thursday, a government minister said, continuing the
uncertainty over a move that faces strong political resistance.

Inaction on reforms cheered opposition parties and allies
of the ruling coalition but economists said India’s growth rate
may fall below 8 percent if the government does not take bold
decisions to cut subsidies.

Jun 11, 2010

Cabinet keeps off fuel price reform

NEW DELHI (Reuters) – The cabinet did not discuss any proposal to raise fuel prices or reform the sector on Thursday, a government minister said, continuing the uncertainty over a move that faces strong political resistance.

Inaction on reforms cheered opposition parties and allies of the ruling coalition but economists said the growth rate may fall below 8 percent if the government does not take bold decisions to cut subsidies.

Jun 10, 2010

Govt set to decide against using army in Maoist war

NEW DELHI (Reuters) – The government will this week decide whether to call in the military to help fight a growing Maoist insurgency, but strong opposition from states means involvement of the armed forces is unlikely, officials said on Wednesday.

State governments fear using the military would alienate local populations. Several states such as West Bengal and Bihar, where the rebels are strong in large rural swathes, will hold local elections in coming months.

Jun 9, 2010

Govt to try again to push fuel price reform

NEW DELHI (Reuters) – The government said on Tuesday it would seek again to reach agreement on a controversial increase in fuel prices to help improve its fiscal position, despite opposition to subsidy cuts from a key coalition ally.

A ministerial panel had been due to come to a decision on Monday but two powerful ministers from coalition parties stayed away, signalling their reluctance to be associated with a move that could stoke inflation and spark a voter backlash.

Jun 9, 2010

Indian govt to try again to push fuel price reform

NEW DELHI, June 8 (Reuters) – India’s government said on
Tuesday it would seek again to reach agreement on a
controversial increase in fuel prices to help improve its
fiscal position, despite opposition to subsidy cuts from a key
coalition ally.

A ministerial panel had been due to come to a decision on
Monday but two powerful ministers from coalition parties stayed
away, signalling their reluctance to be associated with a move
that could stoke inflation and spark a voter backlash.

Jun 3, 2010

India may allow Chinese telecom imports-source

NEW DELHI, June 2 (Reuters) – The Indian government may
allow imports of Chinese telecom equipment after security
checks, a top Indian government official said, indicating a
softening of India’s position on an issue that has clouded ties
between the two Asian powers.

Earlier this year, India had barred Indian mobile phone
operators from placing orders with China’s Huawei Technologies
[HWT.UL] and ZTE Corp (0763.HK: Quote, Profile, Research) (000063.SZ: Quote, Profile, Research) because of security
concerns, Indian telecom industry officials have said.