Chief Correspondent, Commodities, India
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Nov 9, 2015

India coal imports falling in boost to self-sufficiency goal

NEW DELHI (Reuters) – India’s coal imports fell 5 percent in October in their fourth straight monthly slide as local output rose fast under the government’s push to open a mine every month, keeping the country on course to become self-sufficient in thermal coal in three years.

Asia’s third largest economy is targeting to more than double coal output to 1.5 billion tonnes this decade, and state-run Coal India has already turned around its poor performance with record growth from old and new pits.

Nov 5, 2015

India to screen GM cotton hybrids after pest attacks

NEW DELHI (Reuters) – India will screen genetically modified (GM) cotton hybrids on sale in the country to identify the varieties that are resistant to whitefly, a pest that recently caused extensive damages to crops in two northern states, a government official said.

The whitefly attack on the Bt cotton variety in Punjab and Haryana was the first major infestation since India adopted transgenic cotton in 2002. It has stoked worries over the vulnerability of the GM seeds that yield nearly all of the cotton in the world’s top producer.

Nov 4, 2015

SunEdison to supply cheapest solar power in India

NEW DELHI (Reuters) – U.S.-based SunEdison has won a bid to sell solar power in India at a record low tariff, which could boost the appeal of the renewable source at a time when Prime Minister Narendra Modi is pushing for clean energy to combat climate change.

Solar energy still has a long way to go before it can effectively compete with coal, given questions over consistent supply and transmission. But falling rates could unlock more government support for solar and wind energy.

Nov 3, 2015

Bhutanese getting more sleep, lifting happiness index: PM

NEW DELHI (Reuters) – People in Bhutan are happier now than they were five years ago according to a survey of social wellbeing released by the tiny Himalayan kingdom that, among other things, measures whether they are getting enough sleep.

Mostly Buddhist Bhutan, wedged between China and India, launched the Gross National Happiness (GNH) index in 2010 to include indicators ignored by conventional GDP – the monetary value of all goods and services produced in a country.

Nov 3, 2015

Ministries at odds over gold import duty

NEW DELHI (Reuters) – India’s trade ministry has proposed cutting the import duty on gold to 2 percent from 10 percent, according to a government note, but a finance ministry official said it was unlikely to go through.

Huge gold imports pushed India’s current account deficit to a record $190 billion in 2013, prompting the government to raise its duty on imports to 10 percent, an all-time high.

Nov 3, 2015

Indian ministries at odds over gold import duty

NEW DELHI, Nov 3 (Reuters) – India’s trade ministry has
proposed cutting the import duty on gold to 2 percent from 10
percent, according to a government note, but a finance ministry
official said it was unlikely to go through.

Huge gold imports pushed India’s current account deficit to
a record $190 billion in 2013, prompting the government to raise
its duty on imports to 10 percent, an all-time high.

Oct 28, 2015

Odisha looks to revive bauxite mining in Niyamgiri hills

BHUBANESWAR/NEW DELHI (Reuters) – Odisha is seeking to revive a controversial plan to mine for bauxite in the Niyamgiri hills, a lushly forested area that the Dongria Kondh tribe considers sacred, a minister said on Wednesday.

The proposal, which sparked an angry response from green groups, comes nearly two years after local residents successfully blocked a request by London-listed Vedanta Resources (VED.L: Quote, Profile, Research, Stock Buzz) to mine in the area.

Oct 28, 2015

Indian state looks to revive bauxite mining in sacred hills

BHUBANESWAR/NEW DELHI, Oct 28 (Reuters) – India’s Odisha
state is seeking to revive a controversial plan to mine for
bauxite in the Niyamgiri hills, a lushly forested area that the
Dongria Kondh tribe considers sacred, a minister said on
Wednesday.

The proposal, which sparked an angry response from green
groups, comes nearly two years after local residents
successfully blocked a request by London-listed Vedanta
Resources to mine in the area.

Oct 28, 2015

Meghalaya CM pushes for coal mining; critics say he’s helping wife

SUTNGA, India (Reuters) – Meghalaya Chief Minister Mukul Sangma has been lobbying New Delhi to lift a ban on dangerous, small-scale coal mining operations in his state, without disclosing that his wife owns several mines there, according to documents seen by Reuters.

So-called “rat-hole” mining practised in Meghalaya state killed thousands of workers, including children, before the ban was imposed in April last year. At its peak the state produced coal worth $4 billion a year, or about a tenth of India’s total production, nearly all from this form of small-scale mining.

Oct 28, 2015

Indian state chief pushes for coal mining; critics say he’s helping wife

SUTNGA, India, Oct 28 (Reuters) – A senior Indian politician
has been lobbying New Delhi to lift a ban on dangerous,
small-scale coal mining operations in his state, without
disclosing that his wife owns several mines there, according to
documents seen by Reuters.

So-called “rat-hole” mining practised in Meghalaya state
killed thousands of workers, including children, before the ban
was imposed in April last year. At its peak the state produced
coal worth $4 billion a year, or about a tenth of India’s total
production, nearly all from this form of small-scale mining.

    • 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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