Matthias's Feed
Nov 15, 2012

October inflation surprises; slowest in 8 months

NEW DELHI (Reuters) – India’s headline inflation unexpectedly eased to its slowest pace in eight months in October, a welcome relief from a string of bad data but still high enough to be a headache for policymakers struggling to balance the need for growth with taming prices.

Wholesale prices – India’s main inflation gauge – rose an annual 7.45 percent, the slowest pace since February, government data released on Wednesday showed.

Nov 14, 2012

India inflation slows slightly in October

NEW DELHI, Nov 14 (Reuters) – India’s headline inflation
slowed slightly in October but was still high enough to be a
headache for the central bank and the government as they
struggle to tame prices and revive flagging growth ahead of
elections.

Wholesale prices – India’s main inflation gauge
- rose an annual 7.45 percent, data showed on Wednesday. That
was down from the 7.81 percent reported in September, as food
and fuel prices rose less quickly, and less than the 7.96
percent predicted in a Reuters poll of analysts.

Nov 12, 2012

Dismal trade, IIP data deepen economy fears

NEW DELHI (Reuters) – India’s economic gloom deepened on Monday with a surprise contraction in industrial production, a fall in exports and higher retail inflation, dashing hopes of a quick revival in an economy on track to post its slowest growth in a decade.

The data will add pressure on the government to boost economic growth by fast-tracking stalled tax and regulatory reforms. It will also bolster calls for an interest rate cut by the country’s central bank, which has so far ruled out any before January, citing high inflation.

Nov 12, 2012

Dismal trade, production data deepens fears about Indian economy

NEW DELHI (Reuters) – India’s economic gloom deepened on Monday with a surprise contraction in industrial production, a fall in exports and higher retail inflation, dashing hopes of a quick revival in an economy on track to post its slowest growth in a decade.

The data will add pressure on the government to boost economic growth by fast-tracking stalled tax and regulatory reforms. It will also bolster calls for an interest rate cut by the country’s central bank, which has so far ruled out any before January, citing high inflation.

Nov 8, 2012

Nice start, but not enough for India Inc in reform drive

GURGAON, India (Reuters) – India Inc. demanded simpler tax rules, faster project approvals and tougher rules on corruption at the World Economic Forum (WEF) on Thursday, as companies challenged the government to push for deeper economic fixes than a handful of recent reforms.

Tempers frayed between frustrated executives and defensive ministers, and social activists took officials to task on a lack of action from the government, despite a much-trumpeted set of initiatives in response to slowing economic growth.

Nov 8, 2012

Nice start, but not enough for corporates in India reform drive

GURGAON, India, Nov 8 (Reuters) – India Inc. demanded
simpler tax rules, faster project approvals and tougher rules on
corruption at an economic summit on Thursday, as companies
challenged the government to push for deeper economic fixes than
a handful of recent reforms.

Tempers frayed between frustrated executives and defensive
ministers, and social activists took officials to task on a lack
of action from the government, despite a much-trumpeted set of
initiatives in response to slowing economic growth.

Nov 7, 2012

Eicher-Volvo to invest $331 mln in India JV

NEW DELHI, Nov 7 (Reuters) – Eicher Motors and
Volvo AB will invest 18 billion rupees ($331 million)
over the next two years in their Indian joint venture, Eicher’s
head said on Wednesday, and begin exports of engines to Volvo’s
European operations next year.

Volvo, the world’s number two truck maker, is among global
manufacturers, including Daimler AG, that are
muscling in on India’s truck and bus industry, which is
dominated by local giants Tata Motors and Ashok
Leyland.

Oct 29, 2012

Narendra Modi: the leader who came in from the cold

AHMEDABAD/ALINA, India (Reuters) – For many Indians, Narendra Modi is the man of the moment, a possible prime minister. Others see the chief minister of Gujarat as a Hindu zealot who did not stop the massacre of Muslims in religious riots a decade ago.

As the 62-year-old moved from village to village on the campaign trail this month, he was greeted by ecstatic crowds, surging forward to catch a glimpse or to touch him as though he were a living god.

Oct 28, 2012

Narendra Modi: the Indian leader who came in from the cold

AHMEDABAD/ALINA, India, Oct 29 (Reuters) – For many Indians,
Narendra Modi is the man of the moment, a possible prime
minister. Others see the chief minister of western Gujarat state
as a Hindu zealot who did not stop the massacre of Muslims in
religious riots a decade ago.

As the 62-year-old moved from village to village on the
campaign trail this month, he was greeted by ecstatic crowds,
surging forward to catch a glimpse or to touch him as though he
were a living god.

Oct 17, 2012

India, Aus weigh uranium deal during Gillard visit

NEW DELHI (Reuters) – The Australian and Indian prime ministers held talks on Wednesday that could pave the way for Australia to sell uranium to energy-hungry India, after Canberra lifted a long-standing export ban that had strained bilateral relations.

Australian Prime Minister Julia Gillard met Indian counterpart Manmohan Singh in New Delhi on her first official visit to the country. The talks set the stage for negotiations to begin on a set of safeguards needed before uranium trade can start. Both sides played down the prospect of a quick deal.