Chief Correspondent, Commodities, India
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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.

Dec 18, 2014

Modi moves in to speed up $300 billion stuck projects

NEW DELHI (Reuters) – Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters.

Pro-business Modi has faced criticism in recent weeks that his ambition to spur investment and re-energise the economy has yet to be realised, more than six months after he won elections with the strongest mandate in three decades.

Dec 18, 2014

India’s Modi moves in to speed up $300 bln stuck projects

NEW DELHI, Dec 18 (Reuters) – Indian Prime Minister Narendra
Modi has taken direct control of a project-monitoring body to
fast-track investments worth almost $300 billion and revive
manufacturing in the country, two officials with direct
knowledge of the matter told Reuters.

Pro-business Modi has faced criticism in recent weeks that
his ambition to spur investment and re-energise the economy has
yet to be realised, more than six months after he won elections
with the strongest mandate in three decades.

Dec 16, 2014

Tata Steel close to reopening its top iron ore mine

NEW DELHI (Reuters) – Tata Steel (TISC.NS: Quote, Profile, Research) may be allowed to resume production from its biggest iron ore mine this month, a government official said, ending a stoppage of over three months that has forced the firm to import the raw material for the first time ever.

India was earlier the third-largest supplier of iron ore in the world, but court restrictions over the past three years to curb illegal mining have prompted companies such as Tata Steel and JSW Steel (JSTL.NS: Quote, Profile, Research) to turn to imports.

    • 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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