India Money, Political and General News Correspondent, New Delhi
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Jul 12, 2011

PM keeps key ministers to fight graft, policy challenges

NEW DELHI (Reuters) – Prime Minister Manmohan Singh retained key allies in a cabinet reshuffle on Tuesday in a bid to help him fight accusations of corruption and policy paralysis, choosing instead to focus on gaining support ahead of state elections next year.

Singh failed to honour promises to bring about major changes in his second cabinet revamp this year, keeping his finance, interior, defence, foreign and trade ministers in an indication that long-stalled economic reforms were unlikely to be revived any time soon.

Jul 12, 2011

India PM keeps key ministers to fight graft, policy challenges

NEW DELHI, July 12 (Reuters) – Indian Prime Minister
Manmohan Singh retained key allies in a cabinet reshuffle on
Tuesday in a bid to help him fight accusations of corruption and
policy paralysis, choosing instead to focus on gaining support
ahead of state elections next year.

Singh failed to honour promises to bring about major changes
in his second cabinet revamp this year, keeping his finance,
interior, defence, foreign and trade ministers in an indication
that long-stalled economic reforms were unlikely to be revived
any time soon.

Jul 3, 2011

India hints tough measures against new nuclear trade rules

NEW DELHI, July 3 (Reuters) – India’s top diplomat on Sunday
hinted New Delhi could ban nuclear reactor purchases from
countries refusing to sell sensitive nuclear technology to it
after suppliers decided to tighten such trade against countries
like India.

Foreign Secretary Nirupama Rao also said the United States,
Russia and France stood by their promises to supply such
technology despite last month’s decision by the Nuclear Supplier
Group (NSG) to restrict transfer of uranium enrichment and
reprocessing technology which can be used to make atomic bombs.

Jul 1, 2011

CBI charges ex-regulator in Reliance Industries’ costs probe

NEW DELHI (Reuters) – The Central Bureau of Investigation (CBI) has charged a former upstream regulator on Friday, the first investigative action after the CAG said his office had approved inflated costs for some of Reliance Industries’ exploration activities.

The Comptroller and Auditor General (CAG), which audits state accounts, has said the costs were related to the development of Reliance’s D6 block in the Krishna Godavari basin, India’s largest gas field, and the alleged inflation caused unquantified losses to the government.

Jul 1, 2011

CBI charge ex-regulator in Reliance costs probe

NEW DELHI (Reuters) – The CBI have charged a former upstream regulator on Friday, the first investigative action after the state auditor said his office had approved inflated costs for some of Reliance Industries’ exploration activities.

The Comptroller and Auditor General (CAG), which audits state accounts, has said the costs were related to the development of Reliance’s D6 block in the Krishna Godavari basin, India’s largest gas field, and the alleged inflation caused unquantified losses to the government.

Jul 1, 2011

India police charge ex-regulator in Reliance costs probe

NEW DELHI, July 1 (Reuters) – Indian police have charged a
former upstream regulator on Friday, the first investigative
action after the state auditor said his office had approved
inflated costs for some of Reliance Industries’
exploration activities.

The Comptroller and Auditor General (CAG), which audits
state accounts, has said the costs were related to the
development of Reliance’s D6 block in the Krishna Godavari
basin, India’s largest gas field, and the alleged inflation
caused unquantified losses to the government.

Jul 1, 2011

Key risks to watch in India

NEW DELHI (Reuters) – The mood in India is dark due to slowing growth, high inflation, and rising public disenchantment with Prime Minister Manmohan Singh’s government, which is still mired in corruption scandals.

Few expect the coalition government to take decisive steps to stop the rot ahead of what is expected to be a stormy parliamentary session in August.

Jul 1, 2011

Key political risks to watch in India

NEW DELHI (Reuters) – The mood in India is dark due to slowing growth, high inflation, and rising public disenchantment with Prime Minister Manmohan Singh’s government, which is still mired in corruption scandals.

Few expect the coalition government to take decisive steps to stop the rot ahead of what is expected to be a stormy parliamentary session in August.

Jun 23, 2011

Q+A – What next for India’s embattled government?

NEW DELHI (Reuters) – India’s coalition government faces one of the biggest challenges of its six-year rule, with protests against graft paralysing policymaking at a time when the economy is slowing down.

Experts have warned that Asia’s third-largest economy risks a slump if the government does not fast-track plans to free up fuel prices or open up the retail sector.

Jun 21, 2011

Crisis-hit government defers parliament reopening

NEW DELHI (Reuters) – The parliament will reopen two weeks later than usual, giving the embattled government more time to reach an agreement with civil society over drafting a tough anti-graft “Jan Lokpal” bill and head off any more national protests.

Prime Minister Manmohan Singh’s popularity is at its lowest since he first came to power in 2004. Policymaking has been paralysed by a series of high-profile corruption scandals and Asia’s third-largest economy is slowing down on high inflation and interest rates.