John's Feed
Feb 5, 2012

Scandal blow puts Indian government in danger

NEW DELHI, Feb 6 (Reuters) – There is no clamour for
an early general election in India, but the latest blow dealt to
Prime Minister Manmohan Singh over a massive corruption scandal
raises the risk that his wounded government could fall well
before its mandate runs out in 2014.

Singh is unlikely to quit following last week’s Supreme
Court order for 122 telecoms licences to be revoked, a deeply
embarrassing ruling that accused the government of “virtually
gifting away an important national asset at throwaway prices”.

Jan 31, 2012

Insight: From darkest India, an enlightened leader

PATNA, India (Reuters) – There’s an apocryphal story about Bihar, a sprawling state on the Gangetic plains of eastern India that for decades held the dubious honor of being the most violent, poverty-stricken and corrupt in the land.

A Japanese minister visiting in the 1990s, shocked at the decrepit buildings, the darkness at night even in the centre of town and the crumbling roads, declared that it was all solvable.

Jan 31, 2012

From darkest India, an enlightened leader

PATNA, India (Reuters) – There’s an apocryphal story about Bihar, a sprawling state on the Gangetic plains of eastern India that for decades held the dubious honour of being the most violent, poverty-stricken and corrupt in the land.

A Japanese minister visiting in the 1990s, shocked at the decrepit buildings, the darkness at night even in the centre of town and the crumbling roads, declared that it was all solvable.

Jan 26, 2012

Her legacy set in stone, ‘Dalit queen’ faces polls

LUCKNOW, India (Reuters) – By her own standards, Kumari Mayawati’s birthday celebrations were low-key this year.

After driving through a red-carpeted tunnel of plaster elephant tusks in an Ambassador, India’s retro-looking national car, the chief minister of Uttar Pradesh, India’s largest state, swept past a coterie of her party’s workers, who bowed and touched her feet.

Jan 26, 2012

Insight: Her legacy set in stone, India’s “Dalit queen” faces

LUCKNOW, India (Reuters) – By her own standards, Kumari Mayawati’s birthday celebrations were low-key this year.

After driving through a red-carpeted tunnel of plaster elephant tusks in an Ambassador, India’s retro-looking national car, the chief minister of India’s largest state swept past a coterie of her party’s workers, who bowed and touched her feet.

Jan 11, 2012

Budget needs to signal fiscal correction: Ahluwalia

NEW DELHI (Reuters) – India’s budget for 2012/13 should send a credible signal on fiscal consolidation by reforming the petroleum subsidy, Montek Singh Ahluwalia, deputy chairman of the planning commission, said in an interview.

The government is expected to present a budget in mid-March for the fiscal year that begins on April 1, amid slowing economic growth and mounting concerns about public finances.

Jan 11, 2012

India budget needs to signal fiscal correction-adviser

NEW DELHI, Jan 11 (Reuters) – India’s federal budget
for 2012/13 should send a credible signal on fiscal
consolidation by reforming the petroleum subsidy, a top
government adviser said in an interview.

The government is expected to present a budget in mid-March
for the fiscal year that begins on April 1, amid slowing
economic growth and mounting concerns about public finances.

Jan 5, 2012

Amid gloom, Kaushik Basu upbeat on growth

NEW DELHI (Reuters) – For all the sudden pessimism about India’s economy, Kaushik Basu sleeps soundly at night – and if something was going to keep him awake it wouldn’t be the risk of a balance of payments crisis.

Out of tune with a chorus of gloom, India’s chief economic adviser believes the tide has turned in a long battle against inflation and the economy is set to rebound to its “full-steam” growth rate of around 9 percent within two years.

Jan 4, 2012

Economy likely to do better in 2012/13: Basu

NEW DELHI (Reuters) – India’s economy will likely grow faster next fiscal year than in 2011/12 because of an improved external environment and a shift in policy focus from containing inflation to promoting growth, Chief Economic Adviser Kaushik Basu said on Wednesday.

However, Basu told Reuters in an interview that public finances were expected to remain under pressure in 2012/13.

Jan 4, 2012

India economy seen doing better in 2012/13

NEW DELHI, Jan 4 (Reuters) – India’s economy will
likely grow faster next fiscal year than in 2011/12 because of
an improved external environment and a shift in policy focus
from containing inflation to promoting growth, a top government
adviser said on Wednesday.

However, Chief Economic Adviser Kaushik Basu told Reuters in
an interview that public finances were expected to remain under
pressure in 2012/13.

    • About John

      "John Chalmers is the Reuters' Bureau Chief for South Asia. He was previously a correspondent in London, Paris, Hanoi, New Delhi and Brussels."
    • Follow John