India Money, Political and General News Correspondent, New Delhi
CJ's Feed
Aug 30, 2010

India parliament passes nuclear liability bill

NEW DELHI (Reuters) – India’s parliament on Monday approved a bill to open up the country’s $150 billion nuclear power market, sealing legislation crucial for the entry of U.S. firms like General Electric and Westinghouse Electric.

The legislation, which Prime Minister Manmohan Singh said was critical for India’s energy security, was backed by the main opposition after the government agreed to tougher provisions which a business lobby said could hinder the sector’s growth.

Aug 26, 2010

India parliament lower house passes nuclear bill

NEW DELHI, Aug 25 (Reuters) – India’s lower house of
parliament on Wednesday approved of a landmark bill to open up
the country’s $150 billion nuclear power market, after the
government agreed to tougher provisions that an industry group
said would hamper the sector’s growth.

The bill is needed for the entry of firms such as
U.S.-based General Electric and Westinghouse Electric, a
subsidiary of Japan’s Toshiba Corp, who are reluctant to step
in without clarity on accident compensation.

Aug 25, 2010

Indian parliament’s lower house approves nuclear bill

NEW DELHI (Reuters) – India’s lower house of parliament on Wednesday approved a landmark bill to open up the country’s $150 billion nuclear power market, after the government agreed to tougher provisions that an industry group said would hamper the sector’s growth.

The bill is needed for the entry of firms such as U.S.-based General Electric and Westinghouse Electric, a subsidiary of Japan’s Toshiba Corp, who are reluctant to step in without clarity on accident compensation.

Aug 25, 2010

Nuclear bill to pass with opposition backing

NEW DELHI (Reuters) – The opposition Bharatiya Janata Party (BJP) agreed on Wednesday to back a bill to open up the country’s $150 billion nuclear power market after the government agreed to tougher provisions that an industry group said would hamper the sector’s growth.

The bill is needed for the entry of firms such as U.S.-based General Electric and Westinghouse Electric, a subsidiary of Japan’s Toshiba Corp, who are reluctant to step in without clarity on accident compensation.

Aug 25, 2010

Nuclear bill to pass with BJP backing

NEW DELHI (Reuters) – The Bharatiya Janata Party (BJP) agreed on Wednesday to back a bill to open up the country’s $150 billion nuclear power market after the government agreed to tougher provisions that an industry group said would hamper the sector’s growth.

The bill is needed for the entry of firms such as U.S.-based General Electric(GE.N: Quote, Profile, Research) and Westinghouse Electric, a subsidiary of Japan’s Toshiba Corp(6502.T: Quote, Profile, Research), who are reluctant to step in without clarity on accident compensation.

Aug 25, 2010

India nuclear bill to pass with opposition backing

NEW DELHI, Aug 25 (Reuters) – India’s main opposition party
agreed on Wednesday to back a bill to open up the country’s
$150 billion nuclear power market after the government agreed
to tougher provisions that an industry group said would hamper
the sector’s growth.

The bill is needed for the entry of firms such as
U.S.-based General Electric (GE.N: Quote, Profile, Research, Stock Buzz) and Westinghouse Electric, a
subsidiary of Japan’s Toshiba Corp (6502.T: Quote, Profile, Research, Stock Buzz), who are reluctant
to step in without clarity on accident compensation.

Aug 19, 2010

Q+A – India confronts land grabs in industrialisation push

NEW DELHI (Reuters) – The government is trying to strike a balance between farm interests and industry as it faces a series of violent protests against attempts to take over land, a debate that has consequences for investment and internal security.

WHY IS LAND A BIG ISSUE?

For many Indians, land is the only asset or social security that they possess and is a mark of social standing. Nearly 60 percent of India’s 1.2 billion citizens depend on farming for a living and each hectare of farmland supports five people.

Aug 19, 2010

Sonia Gandhi says fighting inflation top priority

NEW DELHI (Reuters) – India’s high food and fuel inflation eased in early August and Sonia Gandhi, the head of the ruling Congress party, said controlling prices must top the government’s agenda.

Data released on Thursday showed food prices rose an annual 10.35 percent in the week to Aug. 7, slower than 11.4 percent rise in the previous week. Fuel prices rose 12.57 percent, compared with the week-ago’s 12.66 percent.

Aug 17, 2010

Inflation has peaked – adivser

NEW DELHI (Reuters) – India’s headline inflation has peaked helped by better food output as well as policy intervention and will ease faster from September as the base effect kicks in, a senior policy adviser said on Tuesday.

India’s wholesale price index (WPI) rose an annual 9.97 percent in July, slower than analysts’ expectations, as food inflation eased, government data showed on Monday.

Aug 17, 2010

India’s headline inflation has peaked

NEW DELHI, Aug 17 (Reuters) – India’s headline inflation
has peaked helped by better food output as well as policy
intervention and will ease faster from September as the base
effect kicks in, a senior policy adviser said on Tuesday.

India’s wholesale price index (WPI) INWPI=ECI rose an
annual 9.97 percent in July, slower than analysts’
expectations, as food inflation eased, government data showed
on Monday.