India Insight

from India Masala:

Bachchan upset over fake video that shows him praising Modi

August 22, 2013

Amitabh Bachchan has threatened legal action over a YouTube video that apparently shows the Bollywood actor championing Narendra Modi as India's next prime minister.

India’s TV import duty taxes travellers… and grey markets

August 21, 2013

India on Monday imposed a 36 percent duty on flat-screen televisions that travellers bring back from other countries, seen as another step to support a falling rupee. The move, however, will do little to help the economy but will cheer television manufacturers in India and hit grey markets, experts said.

Anti-superstition activist Narendra Dabholkar shot dead

By Kaustubh Kulkarni
August 20, 2013

Narendra Dabholkar, who campaigned against superstition in India for more than two decades, was shot dead in Pune on Tuesday, police said.

Markets this week: BHEL is top Sensex loser

By Reuters Staff
August 16, 2013

By Ankush Arora and Sankalp Phartiyal

The BSE Sensex had been headed for a week of gains until upbeat U.S. jobs data triggered fears of a soon-to-start tapering of the Fed’s monetary stimulus, pulling the benchmark down by a percent for the week ending Aug. 16. The broader Nifty slumped 4 percent on Friday, marking its biggest daily drop in almost two years.

Running rings around onion prices

August 16, 2013

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The size and swiftness of the current price spike in onions has surprised everyone, even those who have been dealing with India’s most politically sensitive commodity for decades. How come retail prices have doubled in Mumbai in a week? Why did prices at Lasalgaon, India’s largest wholesale onion market, rocket 38 percent on Monday?

Some investors in India look to the stars for stock advice

August 16, 2013

The 2008 financial crisis gutted Girish Kumar’s portfolio value by 90 percent. So much for technical and fundamental analysis. The 42-year-old textiles businessman from Jaipur turned to astrology, and now he says the stars guide him to a profit every month.

from Pakistan: Now or Never?:

Despite rising India-Pakistan tensions, little planning for the next big crisis

August 12, 2013

In the very early days after the Sept 11 attacks on the United States, some in India, for the briefest of moments, believed Washington might be coming around to its point of view: that the problem and source of “cross-border terrorism” lay in Pakistan. Instead, an aggrieved India was forced to look on as Washington turned to its old ally Pakistan to help it fight the war in Afghanistan.

Nagpal case highlights challenges for civil servants in India

August 11, 2013

(Any opinions expressed here are not of Thomson Reuters)

How does a civil servant survive India’s labyrinthine government bureaucracies? The question has come up again after the government of Uttar Pradesh suspended an employee and charged her with illegally allowing the demolition of a wall that was going to form part of a mosque.

Markets this week: BHEL, Sun Pharma top Sensex losers

By Reuters Staff
August 8, 2013

By Ankush Arora and Sankalp Phartiyal

It was a tough week for Indian shares with the benchmark indexes bearing the brunt as the rupee tumbled to a fresh all-time low of 61.80 versus the dollar on Tuesday. Fears of the U.S. Federal Reserve tapering its stimulus also weighed on street sentiment. The BSE Sensex and the Nifty ended down around 2 percent each during the week.

Little public outrage as politicians unite against transparency

August 8, 2013

(Any opinions expressed here are those of the author and not of Thomson Reuters)

India’s political parties are united, for a change. It’s not over women’s safety or how many poor people the country has. They have closed ranks against moves to make parties accountable under the Right to Information (RTI) law.