Archive for ‘India alert’

26/02/2015

To Combat Crowds, India’s McDonald’s Now Lets Diners Order at the Table – India Real Time – WSJ

Tired of having to elbow your way through pushy crowds to get your fast-food fix? McDonald’s MCD +3.87% in India has a solution for you: Skip the long lines and order a Maharaja Mac from your table.

The more than 350 McDonald’s outlets in India each get about 4,000 customers a day on average. That’s twice the number of customers that come to the average Mickey D branches in the rest of the world. As part of an experiment in crowd control, one franchisee has started allowing burger fans to order and pay through roaming cashiers who take orders and payments on Wi-Fi enabled tablets and credit-card machines.

The queue-quelling technology is already being tested at the McDonald’s at Mumbai’s Phoenix Mills mall. It will be rolled out in 200 more branches this year, said Amit Jatia, who runs most of the McDonald’s in India.

“India is changing,” he said. “You have to keep evolving with the changing needs of the consumer.”

Mr. Jatia’s Hardcastle Restaurants runs 202 McDonald’s outlets in western and southern India, while another group controls 166 restaurants in northern and eastern India.

via To Combat Crowds, India’s McDonald’s Now Lets Diners Order at the Table – India Real Time – WSJ.

25/02/2015

Delhi’s AAP Provides More Free Water and Power to the People – India Real Time – WSJ

Once again, Delhi’s Aam Aadmi Party, has opened up a big bag full of freebies.

Eleven days after being sworn into power again, Delhi’s new government has taken a big step forward in delivering on its promise to make power and water more affordable.

The beneficiaries of the electricity rate cut: households consuming less than 400 units of electricity. Starting next month, electricity tariffs will be cut in half for this section of consumers, Manish Sisodia, Delhi’s deputy chief minister, said Wednesday.

More than 90% of consumers in the capital- more than 3.5 million families- fall in this bracket, he said. The state government will set aside 700 million rupees, or about $113 million, to pay for the power handout.  For the full, new fiscal year starting in April, the Delhi government estimates the cost of the subsidy will be around $230 million.

In Delhi, one of the world’s biggest megacities, power generation and distribution lies in the hands of both the state government and private companies. It taps neighboring states for most of its power as it only produces about 20% of the electricity it consumes.

via Delhi’s AAP Provides More Free Water and Power to the People – India Real Time – WSJ.

25/02/2015

India to embark on rail investment splurge thanks to cheap oil | Reuters

India’s decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion, funded solely by falling fuel costs, according to officials familiar with a railway budget set to be unveiled on Thursday.

A worker cleans a railway track at a railway station in Kolkata October 2, 2014. REUTERS/Rupak De Chowdhuri/Files

The world’s fourth largest rail network could get even more if Prime Minister Narendra Modi makes it a priority, as China did during its rapid economic growth over the past two decades.

There are high hopes that his nine-month-old government will plough money into investment in infrastructure needed to haul the economy out of a rut when it presents its first annual federal budget on Saturday.

The separate rail budget – a relic of the country’s British colonial past – could show how far Modi’s India is prepared to drive investment in a vital transport sector.

“The fall in diesel prices and a pick-up in freight earnings have given us a golden chance to raise investments,” said one government official.

Falling oil prices have saved billions of dollars in subsidy spending across the economy, but Finance Minister Arun Jaitley is under pressure to prevent the fiscal deficit from busting a target of 3.6 percent of gross domestic product.

Railway Minister Suresh Prabhu, according to the officials, has factored in savings from

via India to embark on rail investment splurge thanks to cheap oil | Reuters.

24/02/2015

Modi’s bid to ease land for companies could impact reforms | Reuters

A bid by Prime Minister Narendra Modi to make it easier for businesses to buy farm land for infrastructure and industry has sparked a backlash that could stymie his efforts to get reforms through a parliament session that began on Monday.

Labourers work along the construction site of a road at Ghilot in Rajasthan, October 1, 2014.  REUTERS/Adnan Abidi/Files

While the change is aimed at unlocking hundreds of billions of dollars worth of projects, which have been stuck for want of land, opposition parties and rights activists say it discriminates against farmers.

“We will protest and fight the government on this issue inside and outside parliament,” Ghulam Nabi Azad, a senior leader of the opposition Congress party, told the Indian Express.

Modi issued an ordinance in December to exempt projects in defence, rural electrification, rural housing and industrial corridors from provisions of a law enacted by the previous Congress party government that mandated the consent of 80 percent of affected landowners for any deal.

He had also ended the need for companies to conduct a social impact study of such projects, which would involve public hearings and, industry executives fear, drag on for years.

The ordinance is a temporary order and needs the approval of both houses of parliament to come into force. It will lapse if parliament does not ratify it this session.

via Modi’s bid to ease land for companies could impact reforms | Reuters.

24/02/2015

Retail dilemma in India – nice malls are few and far between | Reuters

A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop (SHOP.NS).

A private security guard stands guard inside the premises of the MGF mall in New Delhi February 23, 2015.  REUTERS/Adnan Abidi

India’s searing heat, heavy traffic and cluttered pavements make malls the most popular option for urban middle class consumers looking for a day out. But many centres – despite having been built in the last decade – are struggling to draw shoppers or retailers because of poor design or because they are difficult to manage.

P.S. Puri, CEO of MGF Mall Management, which runs MGF Metropolitan, knows this all too well. Located in a posh district in the south of New Delhi, security guards and sales staff outnumbered shoppers last Tuesday evening in what was once a bustling mall.

It has restaurants but lacks popular attractions like a food court and a cinema. The sale of shop ownership piecemeal has made management difficult and now only one quarter of the space is occupied by fashion retailers – about the same amount that is vacant.

via Retail dilemma in India – nice malls are few and far between | Reuters.

22/02/2015

Modi bets on GM crops for second green revolution | Reuters

On a fenced plot not far from Prime Minister Narendra Modi‘s home, a field of mustard is in full yellow bloom, representing his government’s reversal of an effective ban on field trials of genetically modified (GM) food crops.

A scientist points to a patch of genetically modified (GM) rapeseed crop under trial in New Delhi February 13, 2015. REUTERS-Anindito Mukherjee

The GM mustard planted in the half-acre field in the grounds of the Indian Agricultural Research Institute in New Delhi is in the final stage of trials before the variety is allowed to be sold commercially, and that could come within two years, scientists associated with the project say.

India placed a moratorium on GM aubergine in 2010 fearing the effect on food safety and biodiversity. Field trials of other GM crops were not formally halted, but the regulatory system was brought to a deadlock.

But allowing GM crops is critical to Modi’s goal of boosting dismal farm productivity in India, where urbanisation is devouring arable land and population growth will mean there are 1.5 billion mouths to feed by 2030 – more even than China.

via Modi bets on GM crops for second green revolution | Reuters.

22/02/2015

China protests Modi’s visit to disputed border region | Reuters

China said on Friday it had lodged an official protest against Prime Minister Narendra Modi‘s visit to a border region claimed by both countries.

China disputes the entire territory of Arunachal Pradesh, calling it south Tibet. Its historic town Tawang, a key site for Tibetan Buddhism, was briefly occupied by Chinese forces during a 1962 war.

“The Chinese government has never recognized the so-called ‘Arunachal Pradesh’,” a statement on the Chinese Foreign Ministry‘s website said on Friday.

It said Modi’s visit was “not conducive to the overall development of bilateral relations”.

Modi visited Arunachal Pradesh on Friday to inaugurate the opening of a train line and power station. He did not mention China but pledged billions of dollars of investment to develop infrastructure in the region.

“I assure you that you will witness more development in the state in the next five years than it has seen in the last 28 years,” Modi said, addressing a huge crowd.

Faster transport links and exploitation of Arunachal Pradesh’s hydro-electric potential are the keys to fighting poverty and bringing about rapid development in the frontier state, he said.

In January, China objected to statements by Japan’s foreign ministry supporting India’s claim to the region.

A visit by U.S. President Barack Obama to India in January was widely seen as a sign Modi is moving closer to the United States, to offset rising Chinese influence in Asia and, in particular, intensifying activity by the Chinese navy in the Indian Ocean.

via China protests Modi’s visit to disputed border region | Reuters.

20/02/2015

Indian IT firms eye robotics, driverless cars for next round of growth | Reuters

After decades of low-margin work like server maintenance, India’s information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients’ needs.

Employees walk along a corridor in the Infosys campus in the southern Indian city of Bangalore September 23, 2014. REUTERS/Abhishek Chinnappa/Files

Companies from Tata Consultancy Services Ltd (TCS.NS) to Wipro Ltd (WIPR.NS) are all joining Infosys Ltd (INFY.NS) in investing in new, high-end technology, industry watchers say. Earlier this week Infosys bought U.S. automation specialist Panaya Inc for $200 million.

Triggering change is a wave of invention allowing machines to talk to each other online, dubbed ‘the Internet of things‘. Customers are ramping up: from about 5 percent now, strategy advisor Offshore Insights estimates automation and artificial intelligence work will grow to 25 to 30 percent of an IT outsourcing market seen by the national industry association as worth $300 billion by 2020.

“We’re in the midst of a new wave of software, and IT services companies really don’t have a choice,” said R. Ray Wang, principal analyst and founder of Silicon Valley-based Constellation Research.

via Indian IT firms eye robotics, driverless cars for next round of growth | Reuters.

20/02/2015

Subsidy cuts in budget may disappoint investors | Reuters

India may slash its food and fuel subsidy bill by about $8 billion in next week’s budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi‘s first full budget.

A view of the Indian parliament building is reflected on a car in New Delhi April 24, 2012. REUTERS/B Mathur/Files

Most of the 20 percent cut in the budget for subsidies results from lower global oil prices rather than structural changes, with the government’s appetite for reform tempered by a heavy local election defeat in New Delhi this month.

“The total subsidy bill could come down to around 2 trillion rupees ($32 billion),” a senior government official, who has direct knowledge of the matter, told Reuters. That calculation was echoed by another source privy to budget discussions.

via Exclusive – Subsidy cuts in budget may disappoint investors | Reuters.

20/02/2015

India’s ailing air force at risk in tough neighbourhood | Reuters

India’s air force risks a major capability gap opening up with China and Pakistan without new western warplanes or if local defence contractors can’t produce what the military needs in a timely manner.

Indian Air Force (IAF) fighter aircraft jets fly past during the Republic Day parade in New Delhi January 26, 2015. REUTERS/Adnan Abidi

A 2012 agreement to buy 126 Rafale fighters from France’s Dassault Aviation (AVMD.PA) has stalled due to a dispute over the assembly of the aircraft in India.

India’s first homegrown fighter, the Tejas light combat aircraft, will finally be delivered next month, 30 years after it was conceived. But senior air force officers privately said they were unimpressed, with one former officer, an ex-fighter pilot, saying the plane was “so late it is obsolete”.

While the navy is undergoing an accelerated modernisation drive, experts said India was vulnerable in the skies because of its reliance on a disparate fleet of ageing Russian-made MiG and French Mirage fighters, along with more modern Russian Sukhoi Su-30s. Half of India’s fighters are due to retire beginning this year until 2024.

“It could lead to humiliation at the hands of our neighbours,” AK Sachdev, a retired air force officer, wrote last year in the Indian Defence Review journal.

A coordinated attack by China an

via India’s ailing air force at risk in tough neighbourhood | Reuters.

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