Krittivas's Feed
Nov 4, 2011

India likely to buy time on diesel price hike

NEW DELHI, Nov 4 (Reuters) – India’s government, already
under fire for raising gasoline prices, may delay a planned
diesel price hike for fear the move could cause further damage
ahead of key state elections beginning early next year, analysts
and other sources said.

Prime Minister Manmohan Singh’s top coalition ally has
threatened to quit government if a hike in gasoline prices is
not rolled back. His own Congress party is wary of angering
rural voters, the main user of diesel, ahead of state elections.

Nov 4, 2011

Rebellion brews in coalition over petrol price hike

NEW DELHI (Reuters) – Trinamool Congress, a top ally of the ruling coalition, threatened to quit on Friday unless Prime Minister Manmohan Singh reversed a rise in petrol prices, testing the government’s commitment to a move sorely needed to cut the fiscal deficit.

Trinamool Congress said it would wait for Singh to return from the G-20 summit in France and reconsider the increase in petrol prices, the fourth time this year.

Nov 4, 2011

Rebellion brews in India coalition over fuel price hike

NEW DELHI, Nov 4 (Reuters) – A top ally of Indian Prime
Minister Manmohan Singh threatened to quit the ruling coalition
on Friday unless he reversed a rise in gasoline prices, testing
the government’s commitment to a move sorely needed to cut the
fiscal deficit.

Trinamool Congress, a regional party, said it would wait for
Singh to return from the G-20 summit in France and reconsider
the increase in petrol prices, the fourth time this year.

Sep 30, 2011

India, 25 others oppose EU airline carbon charge plan

NEW DELHI/LONDON (Reuters) – European Union plans to charge airlines for carbon emissions are “discriminatory” and violate global laws, a group of 26 countries including the United States and China said in a joint declaration released by the Indian government on Friday.

India, which hosted a two-day meeting in New Delhi this week, said delegates from the non-EU countries, which are also members of the U.N.’s International Civil Aviation Organization (ICAO) executive council, agreed to lodge a formal protest against the EU’s new rules at the council’s next meeting.

Sep 30, 2011

UN aviation body meeting opposes EU carbon plan-India

NEW DELHI, Sept 30 (Reuters) – European Union (EU) plans to
put a charge on carbon emissions from airlines are
“discriminatory” and inconsistent with global laws, a meeting of
a UN aviation body and non-EU member nations has agreed, an
Indian government statement said on Friday.

The Indian government, which has hosted a two-day meeting in
New Delhi, said the U.N.’s International Civil
Aviation Organization (ICAO) Council and other non-EU member
states also agreed to lodge a formal protest with the 27-nation
bloc.

Sep 27, 2011

Big Bang for India commods exchanges waits on reform law

NEW DELHI (Reuters) – India’s commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.

While a bill to strengthen market oversight and free up entry of financial institutions and the launch of new products has hung fire since 2005, government moves such as bans on some agricultural futures trading have fed regulatory uncertainty.

Sep 27, 2011

India 2011/12 coal import needs may jump to 114 mln T

NEW DELHI, Sept 27 (Reuters) – India could import about 114
million tonnes of coal in 2011/12, up by over a third from the
previous year, mainly from Indonesia and South Africa to help
prevent power stations and factories in Asia’s third-largest
economy from slowing down.

Coal Minister Sriprakash Jaiswal said on Tuesday India’s
coal demand was seen at 696 million tonnes in 2011/12 against an
expected local output of 554 million tonnes. State-run Coal
India , the world’s largest coal miner, has stocks of
about 28 million tonnes, reducing the overall shortfall.

Sep 27, 2011

Big Bang for commodities exchanges waits on reform law

NEW DELHI (Reuters) – India’s commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.

While a bill to strengthen market oversight and free up entry of financial institutions and the launch of new products has hung fire since 2005, government moves such as bans on some agricultural futures trading have fed regulatory uncertainty.

Sep 14, 2011

Draft bill eyes cheap grains for 810 mln people

NEW DELHI (Reuters) – The government has agreed a draft law to provide cheap grains to two thirds of its 1.2 billion people, a plan that could widen fiscal deficit but help win voter support for the government and its allies.

Voter anger at high food prices has damaged the popularity of Prime Minister Manmohan Singh’s centre-left government in a country where 40 percent of its population live below the U.N. poverty line, threatening Congress party’s chances in a key state election next year and the 2014 national elections.

Sep 14, 2011

India draft bill eyes cheap grains for 810 mln people

NEW DELHI, Sept 14 (Reuters) – India’s government has agreed
a draft law to provide cheap grains to two thirds of its 1.2
billion people, a plan that could widen fiscal deficit but help
win voter support for the government and its allies.

Voter anger at high food prices has damaged the popularity
of Prime Minister Manmohan Singh’s centre-left government in a
country where 40 percent of its population live below the U.N.
poverty line, threatening his Congress party’s chances in a key
state election next year and the 2014 national elections.