Chief Correspondent, Commodities, India
Krishna's Feed
Jun 26, 2015

Indian steelmakers upset as Japan, S.Korea eat local market share

MUMBAI/NEW DELHI, June 26 (Reuters) – India could raise
steel tariffs further to check a surge of imports, a minister
said on Friday, but local steel firms are concerned that free
trade agreements with Japan and South Korea would still let
those countries boost shipments.

Amid a global glut, steel imports jumped 72 percent in the
last fiscal year to March to 9.3 million tonnes. South Korea and
Japan together sent 3.5 million.

Jun 5, 2015

Skymet rejects official forecast of likely drought

NEW DELHI (Reuters) – Rejecting projections for a drought by India’s meteorological office, the country’s only private weather forecaster Skymet said there will be a good monsoon season this year as the Indian Ocean Dipole (IOD) phenomenon counters an El Nino weather event.

The outlook by Skymet should help allay concerns of farmers who have already been hit hard by unseasonal rains earlier this year and have been on edge ever since the government forecast what could be India’s first drought in six years.

Jun 5, 2015

India’s Skymet rejects official forecast of likely drought

NEW DELHI, June 5 (Reuters) – Rejecting projections for a
drought by India’s meteorological office, the country’s only
private weather forecaster Skymet said there will be a good
monsoon season this year as the Indian Ocean Dipole (IOD)
phenomenon counters an El Nino weather event.

The outlook by Skymet should help allay concerns of farmers
who have already been hit hard by unseasonal rains earlier this
year and have been on edge ever since the government forecast
what could be India’s first drought in six years.

Jun 2, 2015

Coal India pit-head stocks swell ahead of peak demand

NEW DELHI (Reuters) – Coal India (COAL.NS: Quote, Profile, Research, Stock Buzz) has mined enough coal to be able to meet the needs of power plants for the next 40 days, Coal Secretary Anil Swarup said, a comfortable stocks position for a country used to summer blackouts and large imports of the fuel.

On top of the state-run company’s pit-head stocks of about 40 million tonnes, India’s 100 main thermal plants have 20 days of coal on hand ahead of the June-September monsoon season, when power demand peaks and coal output drops due to flooded mines.

May 30, 2015

India douses century-old coal fires as Modi seeks output boost

JHARIA, India (Reuters) – Prime Minister Narendra Modi is determined to move more than 100,000 people living near coalfields in eastern India to new homes, making it easier to douse underground fires that have burned for a century and mine huge reserves of premium coal.

Reviving output from India’s nationalized coal sector has been one of Modi’s most tangible achievements during his first year in office, one that he hopes will secure continuous power to all and eat into an annual coal import bill of $15 billion.

May 19, 2015

Scientists to submit GM mustard report to government

NEW DELHI (Reuters) – Indian scientists have completed final trials of a genetically modified (GM) variety of mustard and will submit a report to the government in a month, hoping to win over stiff opposition to make it the country’s first commercial transgenic food crop.

A powerful farmers group close to Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) is one of the biggest critics of GM crops and wants the government to stop all field trials saying they “will destroy the entire agrarian economy”.

May 19, 2015

Indian scientists to submit GM mustard report to govt

NEW DELHI, May 19 (Reuters) – Indian scientists have
completed final trials of a genetically modified (GM) variety of
mustard and will submit a report to the government in a month,
hoping to win over stiff opposition to make it the country’s
first commercial transgenic food crop.

A powerful farmers group close to Prime Minister Narendra
Modi’s Bharatiya Janata Party (BJP) is one of the biggest
critics of GM crops and wants the government to stop all field
trials saying they “will destroy the entire agrarian economy”.

May 12, 2015

India eyes $1.1 bln solar loan from German bank KFW

NEW DELHI, May 12 (Reuters) – German development bank KFW
could lend India $1.1 billion for rooftop solar projects, on top
of another loan it has extended to help the Asian country fund
its ambitious green energy plans, India’s top renewable energy
bureaucrat told Reuters.

Prime Minister Narendra Modi wants to quintuple India’s
renewable energy capacity to 175 gigawatts by 2022, making clean
energy part of his fight against climate change without
necessarily committing to a timeline for emission cuts.

May 5, 2015

Urbanising India best bet for Chinese steel

NEW DELHI, May 5 (Reuters) – India will be the lone bright spot
for Chinese steelmen trying to cut bloated inventories as Asia’s
third-largest economy embarks on a once-in-a-generation
urbanisation drive under Prime Minister Narendra Modi.

Urban dwellers will double to more than 800 million by 2050,
a scale of mass urbanisation only seen before in China. Ahead of
Modi’s election last May, he vowed to construct 100 so-called
“smart” cities by 2022, an infrastructure project some estimate
would cost $1 trillion. As India build new roads, office blocks
and cities, its steel consumption growth will put the country at
the top of the list of the world’s 10 biggest steel users this
year and the next, according to the World Steel Association.
Demand from China and the United States, the two largest
consumers, is forecast to either fall or stay flat.

May 4, 2015

Climate change sparks tension in India’s tea gardens

JORHAT, India, May 5 (Reuters) – Usha Ghatowar smiles wryly
when asked about the pay she earns picking leaves at a
colonial-era tea garden in India’s Assam.

“Do you think 3,000 rupees ($48) are enough when your
monthly expenses can be double that?” she mumbles, as she puts
on her “jaapi” hat of woven bamboo and palm leaves and takes a
sip of tea from a steel mug.

    • About Krishna

      "I lead the India commodities team for Reuters in New Delhi. I cover the coal, metals and mining industries with a focus on government policy. Before coming to the capital in April 2013, I headed two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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