Matthias's Feed
Feb 13, 2012

Insight – India’s sour food safety record

NEW DELHI (Reuters) – Bhim can’t understand what he’s done wrong.

Before dawn every day he joins hundreds of wholesale traders at Delhi’s Azadpur Mandi, a sprawling, chaotic market where trucks blare Bollywood music, porters haul huge brown sacks of fruit and vegetables and hawkers ply tea and cigarettes.

Feb 13, 2012

Insight: Soapy milk, toxic apples: India’s sour food safety

NEW DELHI (Reuters) – Bhim can’t understand what he’s done wrong.

Before dawn every day he joins hundreds of wholesale traders at Delhi’s Azadpur Mandi, a sprawling, chaotic market where trucks blare Bollywood music, porters haul huge brown sacks of fruit and vegetables and hawkers ply tea and cigarettes.

Feb 13, 2012

Soapy milk, toxic apples: India’s sour food safety record

NEW DELHI, Feb 13 (Reuters) – Bhim can’t understand
what he’s done wrong.

Before dawn every day he joins hundreds of wholesale traders
at Delhi’s Azadpur Mandi, a sprawling, chaotic market where
trucks blare Bollywood music, porters haul huge brown sacks of
fruit and vegetables and hawkers ply tea and cigarettes.

Feb 9, 2012

Iran turns to India for wheat as palm oil dries up

NEW DELHI (Reuters) – Iran has turned to India for wheat supplies as other sellers divert grain cargoes away from the Middle East country because of sanctions-related payments problems that have caused palm oil imports to grind to a halt.

Indian tea was also added on Thursday to a growing list of Iran’s food imports that are being disrupted by U.S. and European Union sanctions aimed at forcing Tehran to scrap a suspected nuclear weapons program.

Feb 9, 2012

Current account deficit seen widening as exports struggle

NEW DELHI (Reuters) – India’s current account deficit is on track to reach 3.5 percent of GDP in the fiscal year ending in March, its worst in at least eight years, because of a widening trade shortfall, a top government official said on Thursday.

Exports are struggling to maintain the growth rate seen between April and September, because of sluggish demand from the United States and Europe and outlook remains difficult.

Feb 9, 2012

India’s c/a deficit seen widening as exports struggle

NEW DELHI, Feb 9 (Reuters) – India’s current account
deficit is on track to reach 3.5 percent of GDP in the fiscal
year ending in March, its worst in at least eight years, because
of a widening trade shortfall, a top government official said on
Thursday.

Exports are struggling to maintain the growth rate seen
between April and September, because of sluggish demand from the
United States and Europe and outlook remains difficult.

Feb 6, 2012

Cars, software, services threaten EU-India trade deal

BRUSSELS/NEW DELHI, Feb 6 (Reuters) – Hopes of India
and the European Union striking a free trade deal at a summit
this week are fading fast, with differences over duties on cars
and market access for software and service companies standing in
the way of an accord.

At stake is an agreement that would create one of the
world’s largest free-trade zones by population – covering 1.8
billion, or more than a quarter, of the world’s people.

Feb 2, 2012

Exclusive – India team to seek boost in Iran imports for oil

NEW DELHI (Reuters) – India will send a delegation to Iran this month to explore boosting exports to smooth use of the restricted rupee currency, which the two sides have agreed to use for 45 percent of New Delhi’s $11 billion (6 billion pound) a year oil bill, sources told Reuters.

India is currently paying Iran for the oil through Turkey’s Halkbank after a previous mechanism was closed 13 months ago, but fears that route may also succumb to international pressure.

Feb 2, 2012

India team to seek boost in Iran imports for oil

NEW DELHI, Feb 2 (Reuters) – India will send a
delegation to Iran this month to explore boosting exports to
smooth use of the restricted rupee currency, which the two sides
have agreed to use for 45 percent of New Delhi’s $11 billion a
year oil bill, sources told Reuters.

India is currently paying Iran for the oil through Turkey’s
Halkbank after a previous mechanism was closed 13
months ago, but fears that route may also succumb to
international pressure.

Jan 29, 2012

Punjab, bread basket of India, hungers for change

LUDHIANA, India (Reuters) – Punjab made Sunil Jain’s family rich, but now he wishes he could afford to leave.

Almost every day, the lights go out and machines shut down at the two factories of his $3-million-a-year packaging business in the northern India state. When the power goes out, the plants have to use generators, at up to three times the cost.