India Money, Political and General News Correspondent, New Delhi
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May 16, 2011

Inflation eases but rate rise seen in June

NEW DELHI (Reuters) – Inflation eased in April on lower manufacturing prices but the prospect of rising energy costs will keep pressure on the Reserve Bank of India (RBI) to raise rates in June.

The wholesale price index, the country’s main inflation gauge, rose an annual 8.66 percent in April, above the median forecast of 8.48 percent rise in a Reuters poll and lower than an upwardly revised annual rise of 9.04 percent in March.

May 13, 2011

“Big Sister” Mamata knocks out communists

NEW DELHI (Reuters) – Mamata Banerjee has waged a three-decade long battle that has catapulted her to the upper echelons of India’s turbulent politics, and on Friday, she cemented her status as a powerbroker by trumping one of the world’s last democratically elected communist governments.

With the thumping election victory in West Bengal state, the stronghold of India’s communists since they took power there in 1977, Banerjee’s Trinamool Congress has become the most important of Prime Minister Manmohan Singh’s coalition allies, and also one of the most unpredictable.

May 13, 2011

India’s formidable “Big Sister” knocks out communists

NEW DELHI (Reuters) – Mamata Banerjee has waged a three-decade long battle that has catapulted her to the upper echelons of India’s turbulent politics, and Friday, she cemented her status as a powerbroker by trumping one of the world’s last democratically elected communist governments.

With the thumping election victory in West Bengal state, the stronghold of India’s communists since they took power there in 1977, Banerjee’s Trinamool Congress has become the most important of Prime Minister Manmohan Singh’s coalition allies, and also one of the most unpredictable.

May 12, 2011

Congress sees victory in several state votes

NEW DELHI (Reuters) – The Congress party’s top ally, the Trinamool party, is likely to win West Bengal, a key swing state in India when election results come out on Friday, giving the ruling coalition a basis to hit back at a resurgent opposition.

The maverick Mamata Banerjee’s Trinamool party is tipped by exit polls to overturn 34 years of Communist rule in West Bengal, the biggest of the five states that held elections over a staggered six-week period.

May 12, 2011

India coalition sees victory in several state votes

NEW DELHI, May 13 (Reuters) – The Congress party’s top ally
is likely to win a key swing state in India when election
results come out on Friday, giving the ruling coalition a basis
to hit back at a resurgent opposition.

The maverick Mamata Banerjee’s Trinamool party is tipped by
exit polls to overturn 34 years of Communist rule in eastern
West Bengal state, the biggest of the five states that held
elections over a staggered six-week period.

May 12, 2011

Rahul Gandhi arrested over land conflict

NEW DELHI (Reuters) – Rahul Gandhi, the heir-apparent of Congress party, was briefly arrested after he joined farmers protesting against land being taken over for a $2 billion highway, underscoring how land disputes are emerging as a political issue.

Gandhi, seen as a prime minister-in-waiting, was held late Wednesday for two hours under preventive detention laws in Uttar Pradesh before being bailed and escorted by police to New Delhi, sparking off more protests.

May 12, 2011

India ruling party icon’s arrested over land conflict

NEW DELHI (Reuters) – Rahul Gandhi, the heir-apparent of India’s ruling Congress party, was briefly arrested after he joined farmers protesting against land being taken over for a $2 billion highway, underscoring how land disputes are emerging as a political issue.

Gandhi, seen as a prime minister-in-waiting, was held late Wednesday for two hours under preventive detention laws in opposition-ruled Uttar Pradesh state before being bailed and escorted by police to New Delhi, sparking off more protests.

May 11, 2011

PM Manmohan to visit Afghanistan amid regional uncertainty

NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh will travel to Afghanistan for two days on Thursday to discuss security and development, the Prime Minister’s office said on Wednesday, amid regional uncertainty following the death of Osama bin Laden.

Any quickening of the endgame in Afghanistan is a concern for India, which fears a U.S. withdrawal would leave it exposed to an unfriendly, Pakistan-dominated neighbourhood and unfettered militancy in its backyard.

May 11, 2011

India PM to visit Afghanistan amid regional uncertainty

NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh will travel to Afghanistan for two days on Thursday to discuss security and development, the Prime Minister’s office said Wednesday, amid regional uncertainty following the death of Osama bin Laden.

Any quickening of the endgame in Afghanistan is a concern for India, which fears a U.S. withdrawal would leave it exposed to an unfriendly, Pakistan-dominated neighborhood and unfettered militancy in its backyard.

May 11, 2011

Congress may get some respite in state polls

NEW DELHI (Reuters) – Ruling Congress party expects a rare dose of good news on Friday when election results may hand the ruling coalition several states, but piggybacking on unpredictable allies may further hobble reforms aimed at reining in the fiscal deficit.

Exit polls published by local media suggest Congress ally and maverick populist Mamata Banerjee and her Trinamool party would overturn 34 years of Communist Party rule in West Bengal, cementing her position as the Congress’s top ally in parliament.

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      "I cover Indian politics and economics from New Delhi."
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