Chief Correspondent, Commodities, India
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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.

Apr 30, 2015

India to cut export tax on low-grade iron ore in boost for Goa

NEW DELHI, April 30 (Reuters) – India will cut an export tax
on low-grade iron ore to 10 percent from 30 percent, Finance
Minister Arun Jaitley said on Thursday, in a big boost for top
exporting state Goa which is close to restarting its mining
industry.

Court action against illegal mining has shut the industry in
Goa for more than two years, although companies including top
miner Vedanta Ltd are starting to get approval to
resume work in about a month.

Apr 28, 2015

Nepalis rue slow government response, some blame politics

KATHMANDU/NEW DELHI (Reuters) – Nepal’s government has drawn early criticism from opposition politicians and some residents for what they say has been a sluggish response to the humanitarian crisis triggered by Saturday’s massive earthquake.

As the body count from the 7.9 magnitude quake in Nepal rose to more than 4,300 on Tuesday, aid had begun to arrive in the country, but disbursement in many areas was slow.

Apr 16, 2015

Modi’s coal turnaround to ease chronic power cuts

NEW DELHI (Reuters) – Fewer power cuts are likely in India this summer after a surge in output at Coal India (COAL.NS: Quote, Profile, Research) helped generators amass record stocks, a turnaround for Narendra Modi who had to battle a power crisis within months of becoming prime minister last May.

Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October, vindicating Modi’s pitch to voters as the state leader who brought round-the-clock power to industrial Gujarat.

Apr 15, 2015

Modi’s coal turnaround to ease India’s chronic power cuts

NEW DELHI (Reuters) – Fewer power cuts are likely in India this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Narendra Modi who had to battle a power crisis within months of becoming prime minister last May.

Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October, vindicating Modi’s pitch to voters as the state leader who brought round-the-clock power to industrial Gujarat.

Apr 9, 2015

India’s rich temples may open gold vaults for PM Modi

MUMBAI/NEW DELHI (Reuters) – The two-century-old Shree Siddhivinayak temple in Mumbai devoted to the Hindu elephant-headed god Ganesha bristles with close circuit cameras and is guarded by 65 security officers.

It is one of India’s richest temples, having amassed 158 kg of gold offerings, worth some $67 million, and its heavily guarded vaults are strictly off limits.

Mar 30, 2015

Modi government says to push for cow slaughter ban in India

NEW DELHI (Reuters) – India will use all its “might” to ban cow slaughter across the country, interior minister Rajnath Singh said in a speech to spiritual leaders, as the Hindu nationalist government moves to fulfill a poll promise of Prime Minister Narendra Modi.

A renewed thrust by Modi’s Bharatiya Janata Party (BJP) to protect cows, worshipped by majority Hindus, has led to a clamp down on beef trade run mostly by Muslims.

Mar 30, 2015

Modi govt says to push for cow slaughter ban in India

NEW DELHI (Reuters) – India will use all its “might” to ban cow slaughter across the country, interior minister Rajnath Singh said in a speech to spiritual leaders, as the Hindu nationalist government moves to fulfil a poll promise of Prime Minister Narendra Modi.

A renewed thrust by Modi’s Bharatiya Janata Party (BJP) to protect cows, worshipped by majority Hindus, has led to a clamp down on beef trade run mostly by Muslims.

Mar 24, 2015

India’s coal imports to jump 19 percent to 200 million tonnes in 2014/15

NEW DELHI, March 24 (Reuters) – India’s coal imports are
expected to jump 19 percent to a record of about 200 million
tonnes this fiscal year, Coal Secretary Anil Swarup told
Reuters, as power companies add capacity to meet rising demand
even as millions go without electricity.

Shipments into the world’s third-largest coal importer are,
however, likely to slide back to about 160 million tonnes next
year starting April 1 as state-run Coal India Ltd and
private companies ramp up output, Swarup said on Tuesday.

    • 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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