Krittivas's Feed
Nov 5, 2010

Indian rare earths push spells no threat to China

NEW DELHI, Nov 5 (Reuters) – India’s plan to revive
production of rare earths makes sense as a long-term strategic
move but the country will only be able to plug a fraction of
the gap in the market left by China’s falling exports.

China, increasingly flexing its muscle on the international
stage, announced export cuts this year that pushed prices
higher and triggered a rush to find alternative supplies.
[ID:nSGE69Q0G9]

Nov 5, 2010

Q+A – POSCO’s proposed $12 bln steel mill in Orissa

NEW DELHI (Reuters) – South Korea’s POSCO wants to build a $12 billion steel mill in Orissa, but the project has faced delays because of environmental worries and protests by local residents concerned about the mill’s impact on their agriculture-based livelihoods.

Here are some questions and answers about the project, which has already been delayed by three years:

Nov 5, 2010

POSCO’s steel mill may get key support next week

NEW DELHI (Reuters) – A much-delayed $12 billion steel mill project by South Korean firm POSCO, India’s biggest foreign direct investment and a barometer of its business climate, may receive a boost next week when an experts’ panel meets to review its environmental clearance.

The panel meets on Nov. 9-10 to agree on a recommendation for Environment Minister Jairam Ramesh, whose push for ecological compliance has forced the delay, or outright scrapping, of many big-ticket projects, including some by London-listed miner Vedanta Resources Plc.

Nov 5, 2010

Feisty minister gives teeth to India’s green laws

NEW DELHI, Nov 5 (Reuters) – To some, he is an
environmental crusader, and to others he is the “Dr. No” of
development.

But everyone agrees India’s environment minister Jairam
Ramesh is setting new standards in compliance that often bring
him in conflict with industry.

Nov 5, 2010

Q+A-POSCO’s proposed $12 bln steel mill in east India

NEW DELHI, Nov 5 (Reuters) – South Korea’s POSCO
(005490.KS: Quote, Profile, Research) wants to build a $12 billion steel mill in eastern
India, but the project has faced delays because of
environmental worries and protests by local residents concerned
about the mill’s impact on their agriculture-based livelihoods.

Here are some questions and answers about the project,
which has already been delayed by three years:

Nov 5, 2010

POSCO’s India steel mill may get key support next week

NEW DELHI, Nov 5 (Reuters) – A much-delayed $12 billion steel
mill project by South Korean firm POSCO (005490.KS: Quote, Profile, Research), India’s
biggest foreign direct investment and a barometer of its business
climate, may receive a boost next week when an experts’ panel
meets to review its environmental clearance.

The panel meets on Nov. 9-10 to agree on a recommendation for
Environment Minister Jairam Ramesh, whose push for ecological
compliance has forced the delay, or outright scrapping, of many
big-ticket projects, including some by London-listed miner
Vedanta Resources Plc (VED.L: Quote, Profile, Research).

Nov 2, 2010
via India Insight

War homes scandal rocks Mumbai ahead of Obama trip


Corruption charges are swirling over a new apartment block in an upscale Mumbai district where homes meant for war widows have gone cheaply to politicians and military officers, embarrassing India’s ruling Congress party.

The scandal has broken out days before U.S. President Barack Obama arrives in the city.

Nov 1, 2010

Key political risks to watch in India

NEW DELHI (Reuters) – The government will have another shot at passing some key economic reforms when parliament meets from Nov. 9, but persistently high inflation has largely eroded its political capital, despite some positive talk of late on contentious steps such as opening up the retail sector.

Here is a summary of political risks to watch in India:

INFLATION AND MONETARY POLICY

Inflation has emerged as a major challenge for policymakers, threatening to choke off growth in India’s domestic demand-driven economy by eroding the purchasing power of consumers.

Oct 29, 2010

India says RIM assures final Messenger solution by end-January

NEW DELHI (Reuters) – India said on Friday Research In Motion has set up an interim arrangement for lawful interception of BlackBerry Messenger services and has assured to provide a final solution by end-January, and a government source said talks are still on over access to corporate emails.

India, among several countries to express concerns BlackBerry services could be used to stir political or social instability, had threatened RIM with a ban if denied access to its highly-secure Messenger and corporate email communications.

Oct 29, 2010

RIM assures final Messenger solution by end-Jan: Govt

NEW DELHI (Reuters) – India said on Friday Research In Motion has set up an interim arrangement for lawful interception of BlackBerry Messenger services and has assured to provide a final solution by end-January, and a government source said talks are still on over access to corporate emails.

India, among several countries to express concerns BlackBerry services could be used to stir political or social instability, had threatened RIM with a ban if denied access to its highly-secure Messenger and corporate email communications.