Chief Correspondent, Commodities, India
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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.

Dec 16, 2014

India’s Tata Steel close to reopening its top iron ore mine

NEW DELHI, Dec 16 (Reuters) – India’s Tata Steel
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 to turn to imports.

Nov 24, 2014

India targets private cash to build railways to its ports

NEW DELHI, Nov 24 (Reuters) – India is targeting up to $1
billion of private investment by 2017 to build rail lines
linking ports and national networks to ease growing congestion,
which has delayed coal imports for power plants and contributed
to a power supply crisis.

Such investment would more than double the $400 million that
India’s state-owned railways have attracted in the decade since
they allowed limited private participation and help fund crucial
“last mile” links to ports.

Nov 24, 2014

India’s Jindal Steel shelves $10 bln project after coal setback

NEW DELHI (Reuters) – India’s Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a court decision to scrap coalfields allocated to private firms since 1993.

Jindal Steel’s 1.5 billion ton coalfield in the eastern state of Odisha was among 214 canceled by the Supreme Court in September, when it ruled the practice of selective allocation was illegal and arbitrary. With nine coalfields taken back, the company has been worst hit by the tougher-than-expected verdict.

Nov 24, 2014

Jindal Steel shelves $10 bln project after coal setback

NEW DELHI (Reuters) – Jindal Steel and Power Ltd(JNSP.NS: Quote, Profile, Research) has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993.

Jindal Steel’s 1.5 billion tonne coalfield in Odisha was among 214 cancelled by the Supreme Court in September, when it ruled the practice of selective allocation was illegal and arbitrary. With nine coalfields taken back, the company has been worst hit by the tougher-than-expected verdict.

    • 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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