Chief Correspondent, Commodities, India
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Jan 7, 2015

Coal India unions call off strike in relief for Modi government

NEW DELHI/BHUBANESWAR, India, Jan 7 (Reuters) – Coal India
Ltd unions, protesting against a move to open up the
industry to private firms, called off a five-day strike on its
second day on Wednesday after a meeting with the coal and power
minister, staving off a looming power crisis.

The company accounts for about 80 percent of India’s total
output and strikes have previously crippled power plants,
hampering government efforts to reform the coal industry. Coal
fuels 60 percent of the country’s power production.

Jan 7, 2015

Coal India struggles to produce half of normal output amid strike

NEW DELHI, Jan 7 (Reuters) – Coal India Ltd
struggled to produce and ship less than half of its daily target
on the first day of a five-day worker strike that began on
Tuesday, hampering government efforts to reform the country’s
coal industry and ease its power crisis.

Unionized miners at the world’s top coal producer are
protesting Prime Minister Narendra Modi’s move to allow private
companies to mine and sell the fuel for the first time in 42
years. Modi’s ministers have said that increasing competition is
key to ending India’s power shortage.

Jan 5, 2015

Coal India raises shipments ahead of five-day strike

NEW DELHI (Reuters) – Coal India Ltd(COAL.NS: Quote, Profile, Research) is transporting extra volumes of coal to power plants ahead of a five-day worker union strike that threatens to cut much of its per-day output of 1.6 million tonnes, two company officials told Reuters on Monday.

The company accounts for about 80 percent of India’s total output and worker strikes have previously crippled power plants. Coal fuels 60 percent of the country’s power production.

Jan 5, 2015

Coal India raises shipments ahead of 5-day worker strike

NEW DELHI, Jan 5 (Reuters) – Coal India Ltd is
transporting extra volumes of coal to power plants ahead of a
five-day worker union strike that threatens to cut much of its
per-day output of 1.6 million tonnes, two company officials told
Reuters on Monday.

The company accounts for about 80 percent of India’s total
output and worker strikes have previously crippled power plants.
Coal fuels 60 percent of the country’s power production.

Jan 2, 2015

Govt raises solar investment target to $100 bln by 2022

NEW DELHI/BANGALORE (Reuters) – Prime Minister Narendra Modi has ramped up his target for solar energy as he bets on renewables to help meet rising power demand and overcome the frequent outages that plague Asia’s third largest economy, a senior official told Reuters.

India gets twice as much sunshine as many European countries that use solar power. But the clean energy source contributes less than 1 percent to India’s energy mix, while its dependence on erratic coal supplies causes chronic power cuts that idle industry and hurt growth.

Jan 2, 2015

India’s Modi raises solar investment target to $100 bln by 2022

NEW DELHI/BANGALORE, Jan 2 (Reuters) – Indian Prime Minister
Narendra Modi has ramped up his target for solar energy as he
bets on renewables to help meet rising power demand and overcome
the frequent outages that plague Asia’s third largest economy, a
senior official told Reuters.

India gets twice as much sunshine as many European countries
that use solar power. But the clean energy source contributes
less than 1 percent to India’s energy mix, while its dependence
on erratic coal supplies causes chronic power cuts that idle
industry and hurt growth.

Dec 30, 2014

India’s capital sets new rules for Uber, other taxi operators

NEW DELHI (Reuters) – Taxi firms including Uber, the online cab-hailing company banned in New Delhi, will have to install panic buttons if they are to operate in India’s capital under new rules framed after allegations that a driver for the U.S. firm raped a passenger.

The transport office of Delhi earlier this month ordered San Francisco-based Uber Technologies Inc to stop its services following the incident, which reignited the debate on women’s safety in India.

Dec 30, 2014

Delhi sets new rules for Uber, other taxi operators

NEW DELHI (Reuters) – Taxi firms including Uber, the online cab-hailing company banned in New Delhi, will have to install panic buttons if they are to operate in India’s capital under new rules framed after allegations that a driver for the U.S. firm raped a passenger.

The transport office of Delhi earlier this month ordered San Francisco-based Uber Technologies Inc to stop its services following the incident, which reignited the debate on women’s safety in India.

Dec 29, 2014

India clears order to ease land acquisitions in reforms push

NEW DELHI, Dec 29 (Reuters) – India passed an urgent
executive order on Monday to ease land-acquisition rules in
sectors like power, housing and defence to kick-start hundreds
of billions of dollars in stalled projects, though investments
are unlikely to flow in immediately.

Restrictions on buying land, under a law championed by the
last Congress government, are among barriers holding up projects
worth almost $300 billion. Several states had asked Prime
Minister Narendra Modi to overhaul the law enacted in January.

Dec 29, 2014

India considers emergency orders to ease land deals, auction minerals

NEW DELHI, Dec 29 (Reuters) – India is considering passing
emergency executive orders to ease land-acquistion rules and
auction minerals such as iron ore to kickstart hundreds of
billions of dollars in stalled projects, though investments are
unlikely to flow in immediately.

Restrictions on buying land, under a law championed by the
last Congress government, are among barriers holding up projects
worth almost $300 billion in sectors such as rail, steel, mining
and roads.

    • 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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