Matthias's Feed
May 14, 2013

“Coal Mafia” stokes India’s power crisis

DHANBAD (Reuters) – Seven shots rang out at a wedding reception in this sooty city in eastern India, and Suresh Singh, India’s “Coal King”, fell fatally wounded.

He was a wealthy coal trader, a politician and, police say, a crime boss. At the time of the shooting, Singh had 14 criminal charges against him, including one for homicide. His career and murder are emblematic of one of India’s most nagging economic problems: the corruption that cripples the crucial coal industry.

May 14, 2013

Special Report- ‘Coal Mafia’ stokes India’s power crisis

DHANBAD, India (Reuters) – Seven shots rang out at a wedding reception in this sooty city in eastern India, and Suresh Singh, India’s “Coal King”, fell fatally wounded.

He was a wealthy coal trader, a politician and, police say, a crime boss. At the time of the shooting, Singh had 14 criminal charges against him, including one for homicide. His career and murder are emblematic of one of India’s most nagging economic problems: the corruption that cripples the crucial coal industry.

Apr 5, 2013

Coal India may cut supplies to NTPC as quality row escalates

NEW DELHI, April 5 (Reuters) – Miner Coal India
could halt eastern region supplies to the country’s largest
power producer by the end of April, as a row over quality
between the two state-run giants escalated, raising fears of
mass blackouts.

The row underscores the difficulties India faces in
extracting coal quickly and efficiently enough to eliminate
power shortages that hurt economic growth, and to reduce its
reliance on costlier imports.

Apr 4, 2013

Indian state to challenge Adani tariff ruling

NEW DELHI, April 4 (Reuters) – India’s Haryana state will
challenge this week’s ruling by the federal power regulator to
allow Adani Power to raise tariffs for electricity in
two states to compensate for the rising costs of coal imports
forced by domestic shortages.

The Central Electricity Regulatory Commission (CERC) on
Tuesday allowed Adani Power to charge more for electricity from
its Mundra plant to existing clients in the states of Gujarat
and Haryana until conditions improve.

Mar 19, 2013

Key India government ally withdraws from coalition

NEW DELHI (Reuters) – A key regional ally pulled out of India’s ruling coalition on Tuesday in protest against the government’s position on a U.S.-backed United Nations resolution on war crimes carried out during Sri Lanka’s civil war.

The Dravida Munnetra Kazhagam (DMK) is based in the southern state of Tamil Nadu, and has often pressured the Indian government to do more to protect Sri Lanka’s minority Tamil population. It wants the Indian government to introduce stronger language into the resolution, including the use of the word “genocide”. The government has yet to give a response on what its position on the resolution would be.

Mar 19, 2013

DMK withdraws from ruling UPA coalition

NEW DELHI (Reuters) – The DMK pulled out of the Congress-led UPA coalition on Tuesday in protest against the government’s position on a U.S.-backed United Nations resolution on war crimes carried out during Sri Lanka’s civil war.

The Dravida Munnetra Kazhagam (DMK) is based in Tamil Nadu, and has often pressured the government to do more to protect Sri Lanka’s minority Tamil population. It wants the Indian government to introduce stronger language into the resolution, including the use of the word “genocide”. The government has yet to give a response on what its position on the resolution would be.

Mar 14, 2013

Indians question how rape accused was able to commit suicide in jail

NEW DELHI (Reuters) – Authorities are scrambling to address how one of India’s most notorious prisoners, sharing a cell with three other inmates in the country’s most secure jail, was able to hang himself from an iron grille high above his head without anyone noticing.

At issue is this week’s apparent suicide of Ram Singh, the alleged ringleader in a case of gang rape and murder that horrified India last December.

Mar 14, 2013

Questions raised over Ram Singh’s suicide in Tihar jail

NEW DELHI (Reuters) – Authorities are scrambling to address how one of India’s most notorious prisoners, sharing a cell with three other inmates in the country’s most secure jail, was able to hang himself from an iron grille high above his head without anyone noticing.

At issue is this week’s apparent suicide of Ram Singh, the alleged ringleader in a case of gang rape and murder that horrified India last December.

Feb 28, 2013

Eye on election, India surprises with spending surge

NEW DELHI (Reuters) – India unveiled a surge in government spending on Thursday, despite expectations of an austerity budget to shore up its finances, imposing new taxes on the rich and large companies to fund a dash for growth ahead of an election due by next year.

The extent of the slowdown gripping Asia’s third largest economy was underlined by data released just hours after Finance Minister P. Chidambaram delivered his budget for the coming fiscal year, showing GDP growth tumbled to 4.5 percent in the October-December quarter, its lowest in nearly four years.

Feb 26, 2013

India’s railway budget sets tone for austerity year

NEW DELHI (Reuters) – India reined in spending on its vast but decrepit rail network on Tuesday, setting the tone for what is expected to be the most austere federal budget in years in two days’ time as the government struggles to tame its fiscal deficit.

Gross budgetary support for the railways will rise nearly 8 percent to 260 billion Indian rupees in the coming fiscal year, less than half the 20 percent increase that was allocated in last year’s rail budget.gra