Chief correspondent, India
Ross's Feed
Nov 21, 2012

India’s reform drive could hit rocks in stormy parliament session

NEW DELHI, Nov 21 (Reuters) – The Indian government, reduced
to a minority for the first time since coming to power in 2004,
is scrambling for support ahead of a parliament session that
will severely test its economic reform agenda, and its chances
of success look bleak.

For the moment, there is no threat of the government
falling. But an obstructive opposition and unreliable allies
could mean there is little progress on reforms like opening up
insurance and pension businesses when parliament’s month-long
winter session gets under way on Thursday.

Oct 29, 2012

Anti-corruption crusader Kejriwal rattles political class

NEW DELHI (Reuters) – From a shabby house in one of New Delhi’s grimmest suburbs, a mild-mannered former tax official has launched a salvo of accusations of corruption involving some of India’s most powerful people, rocking the political establishment.

In quick succession, Arvind Kejriwal has publicly levelled charges of shady dealings against the son-in-law of ruling Congress party chief Sonia Gandhi, the outgoing law minister and the leader of the main opposition party.

Oct 29, 2012

Anti-corruption crusader rattles India’s political class

NEW DELHI, Oct 30 (Reuters) – From a shabby house in one of
New Delhi’s grimmest suburbs, a mild-mannered former tax
official has launched a salvo of accusations of corruption
involving some of India’s most powerful people, rocking the
political establishment.

In quick succession, Arvind Kejriwal has publicly levelled
charges of shady dealings against the son-in-law of ruling
Congress party chief Sonia Gandhi, the outgoing law minister and
the leader of the main opposition party.

Oct 14, 2012

Analysis – India wins over markets, but now comes the hard part

NEW DELHI (Reuters) – India’s Finance Minister P. Chidambaram exudes the self-confidence of a man who, in the eyes of India’s cheerleading financial markets, can do little wrong.

In the 11 weeks since he took office, the benchmark BSE index .BSESN has surged around 8 percent, due in large part to his hard-charging drive to boost investor sentiment that had soured under his predecessor, Pranab Mukherjee.

Oct 14, 2012

India wins over markets, but now comes the hard part

NEW DELHI (Reuters) – India’s Finance Minister P. Chidambaram exudes the self-confidence of a man who, in the eyes of India’s cheerleading financial markets, can do little wrong.

In the 11 weeks since he took office, the benchmark BSE index .BSESN has surged around 8 percent, due in large part to his hard-charging drive to boost investor sentiment that had soured under his predecessor, Pranab Mukherjee.

Oct 8, 2012

Punchups, kidnappings mar efforts to privatise power

NEW DELHI (Reuters) – It is rough being an employee of Torrent Power Ltd(TOPO.NS: Quote, Profile, Research) in Agra. Furious residents regularly take staff of the power distributor hostage or beat them up, stone-throwing mobs besiege the firm’s high-walled compound, and one official recently had to be hospitalised after he was hit on the head with a brick.

On some days there are more than 10 protests staged around the city against Torrent, which won the franchise to supply power to Agra in 2009. When it took over, rampant theft and a failure by authorities to crack down on defaulters meant that 70 percent of electricity consumed in the city was not paid for.

Oct 7, 2012

Insight: Punchups, kidnappings mar India’s efforts to privatize power

NEW DELHI (Reuters) – It is rough being an employee of Torrent Power Ltd in the Indian city of Agra. Furious residents regularly take staff of the power distributor hostage or beat them up, stone-throwing mobs besiege the firm’s high-walled compound, and one official recently had to be hospitalized after he was hit on the head with a brick.

On some days there are more than 10 protests staged around the city against Torrent, which won the franchise to supply power to Agra in 2009. When it took over, rampant theft and a failure by authorities to crack down on defaulters meant that 70 percent of electricity consumed in the city was not paid for.

Oct 7, 2012

Punchups, kidnappings mar India’s efforts to privatise power

NEW DELHI, Oct 8 (Reuters) – It is rough being an employee
of Torrent Power Ltd in the Indian city of Agra.
Furious residents regularly take staff of the power distributor
hostage or beat them up, stone-throwing mobs besiege the firm’s
high-walled compound, and one official recently had to be
hospitalised after he was hit on the head with a brick.

On some days there are more than 10 protests staged around
the city against Torrent, which won the franchise to supply
power to Agra in 2009. When it took over, rampant theft and a
failure by authorities to crack down on defaulters meant that
70 percent of electricity consumed in the city was not paid for.

Jul 20, 2012

Indian scientists try to crack monsoon source code

NEW DELHI/BHUBANESHWAR (Reuters) – Scientists aided by supercomputers are trying to unravel one of Mother Nature’s biggest mysteries — the vagaries of the summer monsoon rains that bring life, and sometimes death, to India every year.

In a first-of-its-kind project, Indian scientists aim to build computer models that would allow them to make a quantum leap in predicting the erratic movements of the monsoon.

Jun 28, 2012

Govt posts guidelines on controversial GAAR taxes

NEW DELHI (Reuters) – India published draft guidelines on Thursday to implement rules that target tax evasion but have provoked an outcry among foreign investors at a time when the country needs capital inflows.

The general anti-avoidance rules (GAAR), introduced in the budget in March this year, target companies and investors routing investments through tax havens.