Krittivas's Feed
Mar 10, 2011

India sees 2011/12 coal output growth

NEW DELHI, March 9 (Reuters) – A concerted effort to remove
regulatory hurdles could help boost India’s coal output by 7-8
percent in 2011/12, although the country will remain a major
importer, its coal minister said on Wednesday.

Domestic production, which continues to provide the
majority of coal consumed, has been crimped by difficulties
over environmental clearances and land acquisition, as well as
low investment, forcing a sharp downward revision of the output
target in fiscal year 2010/11, which ends this month.

Mar 9, 2011

Despite hurdles, India sees 2011/12 coal output growth

NEW DELHI (Reuters) – A concerted effort to remove regulatory hurdles could help boost India’s coal output by 7-8 percent in 2011/12, although the country will remain a major importer, coal minister Sriprakash Jaiswal said on Wednesday.

Domestic production, which continues to provide the majority of coal consumed, has been crimped by difficulties over environmental clearances and land acquisition, as well as low investment, forcing a sharp downward revision of the output target in fiscal year 2010/11, which ends this month.

Mar 5, 2011

DMK withdraws from government

NEW DELHI (Reuters) – A key party in India’s ruling coalition said on Saturday it was withdrawing from the Congress-led government, dealing a blow to Prime Minister Manmohan Singh as he battles a series of corruption scandals.

The DMK, whose 18 seats gave the coalition a slender majority, said it would support the government on an issue-by-issue basis.

Mar 5, 2011

Indian coalition ally withdraws from govt

NEW DELHI, March 5 (Reuters) – A key party in India’s ruling
coalition said on Saturday it was withdrawing from the
Congress-led government, dealing a blow to Prime Minister
Manmohan Singh as he battles a series of corruption scandals.

The DMK, whose 18 seats gave the coalition a slender
majority, said it would support the government on an
issue-by-issue basis

Feb 28, 2011

Budget mum on fuel taxes, sparks price rise talk

NEW DELHI (Reuters) – India’s budget belied expectations of cuts in fuel taxes on Monday, denying any relief to state-run oil firms but boosting chances of a planned ministerial meeting taking up the issue of raising prices soon.

The government freed petrol pricing last June. Diesel, cooking gas and kerosene rates are set by the government which partly compensates state oil firms for their losses when global crude oil prices increase.

Feb 28, 2011

India budget mum on fuel taxes, sparks price rise talk

NEW DELHI, Feb 28 (Reuters) – India’s federal budget belied
expectations of cuts in fuel taxes on Monday, denying any relief
to state-run oil firms but boosting chances of a planned
ministerial meeting taking up the issue of raising prices soon.

India freed petrol pricing last June. Diesel, cooking gas
and kerosene rates are set by the federal government which
partly compensates state oil firms for their losses when global
crude oil prices increase.

Feb 23, 2011

Thousands in India protest high food prices

NEW DELHI (Reuters) – Tens of thousands of trade unionists, including those from a group linked to India’s ruling party, marched through the streets of the capital on Wednesday to protest food prices, piling pressure on a government already under fire over graft.

The demonstration in New Delhi was the latest in a wave of protests sweeping across the world, including the Middle East and Africa, ignited by a worldwide spike in food prices.

Feb 23, 2011

Thousands in New Delhi protest high food prices

NEW DELHI (Reuters) – Tens of thousands of trade unionists, including those from a group linked to ruling Congress party, marched through the streets of New Delhi on Wednesday to protest food prices, piling pressure on a government already under fire over graft.

The demonstration in New Delhi was the latest in a wave of protests sweeping across the world, including the Middle East and Africa, ignited by a worldwide spike in food prices.

Feb 16, 2011

Anil Ambani meets CBI in telecom probe

NEW DELHI (Reuters) – Billionaire Anil Ambani, who controls India’s No. 2 mobile carrier Reliance Comm 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 16, 2011

Anil Ambani meets CBI officials in telecom probe

NEW DELHI (Reuters) – Billionaire Anil Ambani, who controls India’s No. 2 mobile carrier Reliance Comm, on Wednesday met with Central Bureau of Investigation (CBI) officials 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 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.