India Insight

Bold moves, smart timing on rail fares, diesel proposal

January 10, 2013

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

India and the art of the 24-hour economic reform

September 14, 2012

It’s not every day that India makes such a dramatic move as raising diesel prices, or allowing foreign direct investment in its debt-walloped passenger airlines. It’s certainly not every day that it caps this 24-hour period by allowing foreign investment in retail businesses.

Bold move on diesel, but hold the rollback

September 14, 2012

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.

Diesel strategy: merely old wine in new bottle?

June 7, 2012

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.

It’s time India bites the diesel bullet

May 24, 2012

“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.