Krittivas's Feed
Feb 16, 2011

India billionaire Anil meets police in telecom probe

NEW DELHI, Feb 16 (Reuters) – Billionaire Anil Ambani, who
controls India’s No. 2 mobile carrier Reliance Comm (RLCM.BO: Quote, Profile, Research, Stock Buzz),
on Wednesday met with federal police over a probe into a
widening corruption scandal, which has already battered the
government.

The 51-year-old tycoon is the latest and highest-profile
executive known to have met with Central Bureau of
Investigation (CBI) officials this week over a probe into
whether mobile phone licences and radio spectrum were sold at
below-market prices in return for kickbacks.

Feb 10, 2011

India, Pakistan peace talks to resume – Indian sources

NEW DELHI (Reuters) – India and Pakistan have agreed to resume formal peace talks that were broken off by New Delhi after the 2008 Mumbai attacks, Indian sources said on Thursday, a move that should help ease tensions in the volatile region.

The nuclear-armed neighbours have been under pressure from the United States to reduce tension because their rivalry spills over into Afghanistan, complicating peace efforts there.

Feb 10, 2011

India says peace talks to resume with Pakistan

NEW DELHI (Reuters) – India and Pakistan have agreed to resume peace talks that were broken off by New Delhi after the 2008 Mumbai attacks, Indian sources said Thursday, a step forward in improving ties that impact regional security.

The nuclear-armed neighbors have been under pressure from the United States to reduce tension because their rivalry spills over into Afghanistan and complicates efforts to bring peace there.

Feb 8, 2011

India parliament deadlock may be resolved amid new scam

NEW DELHI, Feb 8 (Reuters) – The government appeared close
to agreeing to a parliamentary probe into India’s biggest
corruption scandal in decades on Tuesday after a possible
climbdown by Prime Minister Manmohan Singh to enable the
assembly to resume its work and pass a budget.

At the centre of the graft charges is a potential $39
billion fraud in the awarding of telecoms licences in 2008. The
opposition forced the December parliament session to shut,
demanding a parliamentary probe into the scam.

Feb 8, 2011

Parliamentary deadlock may be resolved – sources

NEW DELHI (Reuters) – The government appeared close to agreeing to a parliamentary probe into India’s biggest corruption scandal in decades after a possible climbdown by Prime Minister Manmohan Singh to pave the way for the budget to be passed later this month, sources said.

At the centre of the graft charges is a potential $39 billion fraud in awarding of telecoms licences in 2008. The opposition forced the December parliament session to shut, demanding a parliamentary probe into the scam.

Feb 8, 2011

India parliament deadlock may be resolved-sources

NEW DELHI, Feb 8 (Reuters) – The government appeared close
to agreeing to a parliamentary probe into India’s biggest
corruption scandal in decades after a possible climbdown by
Prime Minister Manmohan Singh to pave the way for the budget to
be passed later this month, sources said.

At the centre of the graft charges is a potential $39
billion fraud in awarding of telecoms licences in 2008. The
opposition forced the December parliament session to shut,
demanding a parliamentary probe into the scam.

Feb 2, 2011
via India Insight

Sonia Gandhi faces rare criticism of her leadership

In her nearly 13 years as the all-powerful chief of the Congress party which heads India’s ruling coalition, Sonia Gandhi has, of late, rarely faced criticism of her leadership.

If anything, she has appeared to tighten her grip on the party since her early days as its leader when her authority was challenged by a trio of senior Congress leaders, who were subsequently expelled.

Jan 31, 2011

Q+A – India approves $12 bln POSCO steel mill

NEW DELHI, Jan 31 (Reuters) – India’s environment ministry approved South Korean POSCO’s $12 billion steel mill on Monday, a boost for foreign investment and big ticket industrial projects in the face of strong environmental concerns and local protests.

Here are some questions and answers about the conditions imposed on the approval of the project, which has been delayed by three years by regulatory hurdles and local protests:

Jan 31, 2011

Q+A – Conditions imposed on POSCO project approval

NEW DELHI (Reuters) – India’s environment ministry approved South Korean POSCO’s $12 billion steel mill on Monday, a boost for foreign investment and big ticket industrial projects in the face of strong environmental concerns and local protests.

Here are some questions and answers about the conditions imposed on the approval of the project, which has been delayed by three years by regulatory hurdles and local protests:

Jan 25, 2011

Graft-ridden India opens campaign against “black money”

NEW DELHI (Reuters) – India on Tuesday announced a slew of measures, including stronger disclosure pacts with foreign countries, to curb tax crimes potentially worth about $1 trillion in the latest move by a government trying to boost its image.

But Finance Minister Pranab Mukherjee’s five-point strategy was unlikely to pacify the opposition which has mounted a frontal attack on a government dogged by multi-billion dollar corruption scams and a growing feeling it has failed to curb graft.