Posts tagged ‘India’

09/02/2014

India may produce record 263.2 MT foodgrains this year: Pawar – The Hindu

Foodgrain production is likely to touch a record 263.2 million tonnes (mt) this year, beating the previous high of 259 mt achieved two years ago, Agriculture Minister Sharad Pawar said on Sunday.

Union Agriculture Minister Sharad Pawar. File photo

“The country is likely to achieve record 263.2 mt foodgrain production this year. This would be about 4 mt higher than the record of 259 million tonnes achieved two years ago,” Mr. Pawar said at an agricultural exposition here.

The foodgrain production fell marginally to 255.36 mt in the last crop year (July-June) due to drought in some parts of the country.

A good monsoon along with improved sowing of both kharif (summer) and rabi (winter) crops have improved prospects of a better foodgrain production this year.

India has now emerged as the world’s top rice exporter and second-top exporter of wheat and cotton. The country is also the top producer of milk and horticultural crops, Mr. Pawar said highlighting progress made in the farm sector.

via India may produce record 263.2 MT foodgrains this year: Pawar – The Hindu.

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08/02/2014

Maoists torch 10 vehicles of road construction company in Bihar – The Times of India

MUZAFFARPUR: Armed Maoists torched ten vehicles of a private road construction company at a village in Bihar’s Muzaffarpur district.

About 200 armed Maoists stormed the workshop of the JMB construction company at Misraulia village late Friday night and vandalized the camp before torching ten vehicles, Senior Superintendent of Police Saurabh Kumar said.

The attack took place as they did not fulfil their demand for levy, he said.

Kumar said a case has been registered against unidentified Maoists in this connection.

via Maoists torch 10 vehicles of road construction company in Bihar – The Times of India.

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08/02/2014

Hindustan Powerprojects to Build Three North India Solar Plants – Businessweek

Hindustan Powerprojects Pvt., formerly known as Moser Baer Projects Pvt., has signed power-sale contracts for three solar plants in northern India.

The company will build two photovoltaic projects of 15 megawatts each in Punjab state and a 20-megawatt plant in Uttar Pradesh, it said in an e-mailed statement today.

Hindustan Powerprojects didn’t provide details describing the terms under which it would sell the electricity to the local state governments.

via Hindustan Powerprojects to Build Three North India Solar Plants – Businessweek.

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08/02/2014

India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek

India forecast a faster acceleration in economic growth than analysts had estimated, a prediction facing risks from interest-rate increases to quell inflation and expenditure curbs by the government.

Gross domestic product will rise 4.9 percent in the 12 months through March 31, compared with the decade-low 4.5 percent in the previous fiscal year, the Statistics Ministry said in New Delhi yesterday. The median of 24 estimates in a Bloomberg News survey had been 4.7 percent. The projection may be revised upward later and the final growth rate is unlikely to be less than 5 percent, Finance Minister Palaniappan Chidambaram said in a statement e-mailed today.

India last month joined nations from Brazil to Turkey in raising interest rates, striving to stem the fastest inflation in Asia and shield the rupee from a reduction in U.S. monetary stimulus that’s hurt emerging-market assets. Opinion polls signaling that the general election due by May could lead to an unstable coalition government are adding to risks.

via India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek.

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08/02/2014

Trade groups seek more U.S. pressure on India over patent protection | Reuters

The U.S. Chamber of Commerce on Friday called on the government to ratchet up pressure on India over intellectual property rights, in a move that could help prevent Indian companies from producing cheap generic versions of medicines still under patent protection.

A patient holds free medicine in Chennai July 12, 2012. REUTERS/Babu

In a submission to the Office of U.S. Trade Representative (USTR), the Chamber of Commerce requested that India be classified as a Priority Foreign Country, a tag given to the worst offenders when it comes to protecting intellectual property and one that could trigger trade sanctions.

Other trade groups, including those representing the pharmaceutical and manufacturing industries, echoed the call for a tougher stance on India.

The recommendations, which were due by Friday, were for a document known as a Special 301 Report prepared annually by the Office of the United States Trade Representative.

India is on the U.S. government‘s Priority Watch List for countries whose practices on protecting intellectual property Washington believes should be monitored closely.

via Trade groups seek more U.S. pressure on India over patent protection | Reuters.

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07/02/2014

India’s Visa-On-Arrival: ‘A Game Changer’ – India Real Time – WSJ

Analysts on Friday hailed the Indian government’s decision to grant visas on arrival to travelers from 180 countries, a move they said would boost tourism, earnings from which could help deflate the country’s bloating fiscal deficit.

This is a “game changer for the Indian economy,” Rajiv Biswas, IHS Global’s chief economist for Asia, said in a statement.

“The new liberalized visa regime has the potential to make India one of the most favoured tourist destinations of the world,” Jyotsna Suri, the vice president of New Delhi-based Federation for Indian Chambers of Commerce and Industry, said in another statement.

On Wednesday, India announced it sought to extend its visa-on-arrival program to tourists from 180 countries, including the U.K., U.S. and China, in a bid to accelerate slow growth in tourism. Previously, only 11 countries — including Finland, Singapore and Japan — were covered under the scheme, which began in 2010. Those visas were valid for 30 days and cost $60.

The Tourism Ministry, in a note on its website, said it found that the scheme had encouraged more tourists to visit India. In 2013 for instance, more than 20,000 visas were issued on arrival, about five times more than in 2010.

Under the new program, the ministry said, travelers can register for an Indian visa online. The visas can then be collected on landing at one of the 26 international airports across the country. Rajeev Shukla, the country’s planning minister who made the announcement, said it could take about five to six months to get the expanded visa-on-arrival program off the ground. The first of these visas, he said, are likely to be issued in October.

via India’s Visa-On-Arrival: ‘A Game Changer’ – India Real Time – WSJ.

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06/02/2014

India investigates report of Huawei hacking state carrier network | Reuters

“An incident about the alleged hacking of Bharat Sanchar Nigam Ltd (BSNL) network by M/S Huawei … has come to notice,” Killi Kruparani, junior minister for communications and information technology, said in a written reply to a question from a member of parliament.

BSNL logo

BSNL logo (Photo credit: Wikipedia)

“The government has constituted an inter-ministerial committee to investigate the matter,” the minister said on Wednesday, without giving details.

A senior government official said the decision to investigate came after a media report said Huawei had hacked a BSNL mobile base station controller. The official declined to be identified due to the sensitivity of the issue.

BSNL declined to comment beyond the minister’s statement. A spokesman for the communications and information technology ministry said he did not have details of the allegation.

A spokesman for Huawei India denied any hacking.

via India investigates report of Huawei hacking state carrier network | Reuters.

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06/02/2014

Big Pharma pushes for U.S. action against India over patent worries | Reuters

An Indian government committee is reviewing patented drugs of foreign firms to see if so-called compulsory licenses, which in effect break exclusivity rights, can be issued for some of them to bring down costs, two senior government officials told Reuters.

A private security guard looks out from a window of the head office of Natco in the southern Indian city of Hyderabad March 13, 2012. REUTERS/Krishnendu Halder

The drugs that are part of the review process are used for treating cancer, diabetes, hepatitis and HIV, said the sources, declining to give details. No timeline has been given for completion of the review process.

Emerging markets, from South Africa to China and India, are battling to bring down healthcare costs and boost access to drugs to treat diseases such as cancer, HIV/AIDS and hepatitis.

Western drugmakers, including Pfizer Inc, Novartis AG, Roche Holding AG and Sanofi SA, covet a bigger share of the fast-growing drugs market in India.

But they have been frustrated by a series of decisions on patents and pricing, as part of New Delhi’s push to increase access to life-saving treatments where only 15 percent of 1.2 billion people are covered by health insurance.

via Big Pharma pushes for U.S. action against India over patent worries | Reuters.

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05/02/2014

Modi takes on Third Front parties – The Hindu

“Time has come to bid farewell to this idea of Third Front from Indian politics forever,” the BJP Prime Ministerial candidate told a party rally in Kolkata.

BJP Prime Ministerial candidate Narendra Modi addresses a party rally at Brigade Parade grounds in Kolkata on Wednesday. Photo: Sushanta Patronobish

Making his debut in West Bengal in the campaign for the 2014 Lok Sabha polls, Narendra Modi on Wednesday launched a blistering attack on the Left parties and the Third Front, saying they will make India a “third-rate” country.

Trying to strike a chord with the Bengalis, he accused the Congress of denying Pranab Mukherjee the Prime Minister’s chair in 2004 even though he “deserved” it.

Mr. Modi was severe in his criticism of the Left parties and their partners, saying they have destroyed the eastern region of the country by their rule while western India has shown progress because they had never ruled that region.

“These people (Left and its associates) who do politics in the name of secularism practice the politics of vote-bank by misleading Muslims. They destroyed the eastern region. You must banish them from the Indian politics forever,” he said in a speech interspersed with some sentences in Bengali.

via Modi takes on Third Front parties – The Hindu.

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05/02/2014

Britain says it had role in 1984 India temple raid – Businessweek

Britain has acknowledged advising the Indian government ahead of its 1984 raid on the Golden Temple in Amritsar, an admission that links the U.K. — India\’s former colonial master — with one of the bloodiest episodes in the subcontinent\’s recent history.

Hamandir Sahib or Darbar Sahib (also known as ...

Hamandir Sahib or Darbar Sahib (also known as the Golden Temple). The holiest shrine in Sikhism located in the city of Amritsar, India. (Photo credit: Wikipedia)

Foreign Secretary William Hague told Parliament on Tuesday that British military advice was \”purely advisory\” and had only a \”limited impact\” on the operation.

\”A single U.K. military officer provided some advice. But critically, this advice was not followed, and it was a one-off,\” Prime Minister David Cameron said in a video message to the Sikh community in Britain.

Still, the acknowledgement of any link to the deadly attack that killed hundreds if not thousands at Sikhs\’ holy temple will be disturbing to many.

The storming of the Golden Temple in Amritsar was one of the most contentious episodes in the Indian government\’s battle against Sikh separatists, whose violent campaign for an independent homeland in the Punjab region smoldered into the 1970s and 80s.

\”It is awkward,\” said Sumit Ganguly, an Indiana University professor and the co-author of a book on Amritsar. \”The evidence that the British government might have provided some assistance in terms of the planning of this event is once again going to stoke old memories, memories that had long been buried.\”

via Britain says it had role in 1984 India temple raid – Businessweek.

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