Posts tagged ‘India’

07/09/2012

* India parliament ends in deadlock

BBC News: “The latest session of India’s parliament has ended without resolving deadlock which paralysed it for days.

The Gevra coal mine in the central Indian state of Chhattisgarh

The impasse was caused by an uproar over alleged corruption in the allocation of coalfield concessions.

The opposition BJP wants the government to cancel the awards and hold an independent probe.

Earlier this week, police raided companies which allegedly misrepresented facts prior to being awarded coalfield concessions.

State auditors say India lost $33bn (£20bn) awarding coalfields at below market rates in the years up to 2009.

The auditors’ report does not mention Prime Minister Manmohan Singh, but BJP leaders say he must step down because he had direct responsibility for the coal ministry when most of the awards were made.

Mr Singh denies any wrongdoing and has refused to resign.

Parliament was deadlocked for 13 of the 20 days of the monsoon session which concluded on Friday without much business being done.

Some 30 bills were due to be considered and passed during the session, but very little legislative work was done.

“This session is likely to be remembered for the work that was not done,” the chairman of the upper house, Hamid Ansari, said.”

via BBC News – India parliament ends in deadlock.

03/09/2012

* India’s top court allows some iron ore mining to resume

BBC News: “India’s Supreme Court has partially lifted its 16-month-old ban on iron ore mining, allowing some mines to resume work in southern Karnataka state.

Iron ore mining in Goa

Companies which had “not violated their lease conditions” could resume mining, the court ruled on Monday.

The ban was imposed last year in Bellary, Chitradurga and Tumkur districts over environmental concerns.

The order will open up about 5 million tonnes a year of production again, reports say.

India is the third largest producer of iron ore in the world and Karnataka, which produces about 45 million tonnes of iron ore per year, is India’s second largest supplier.

But mining in the state has been under the spotlight for some time with reports of illegal mining and has become a hot political issue.

The Supreme Court order follows recommendations of the court-appointed Central Empowered Committee (CEC).

In a report in February, the CEC recommended that licences of as many as 49 iron ore miners in Karnataka should be cancelled.

It said 72 other miners should be fined for operating mining pits and burden dumps outside sanctioned areas.

“The extent and level of unauthorised, unregulated, environmentally unsustainable and illegal mining in its various facets has no other parallel in the country,” the CEC said it is report.

Last year, BS Yeddyurappa, the then chief minister of Karnataka, resigned after an anti-corruption panel indicted him in a mining scandal. Mr Yeddyurappa denies the allegation.”

via BBC News – India’s top court allows some iron ore mining to resume.

02/09/2012

* Asian giants seek better ties; China defence minister in India

The Times of India: “A rare visit to India by China’s defence minister should help avoid flare-ups along the border between the nuclear-armed Asian giants at a time when Beijing is grappling with a change of leadership and friction in the South China Sea.

Chinese Minister of National Defense General Liang Guanglie stands on a balcony overlooking the campus of the U.S. Military Academy in West Point, New York, May 10, 2012. REUTERS/Mike Segar

But General Liang Guanglie‘s trip — the first by a Chinese defence minister in eight years — also highlights growing competition between the two emerging powers as they jostle for influence and resources across Asia.

Liang is due to arrive in Mumbai on Sunday afternoon after stopping in Sri Lanka, the island nation off the south coast of India that sits on vital ocean trade routes.

There he sought to play down Indian fears that China is threading a “string of pearls” — or encircling it by financing infrastructure and military strength in neighbours stretching from Pakistan to the Maldives.

“China attaches great importance to its relations with the South Asian nations, and commits itself to forging harmonious co-existence and mutually beneficial and win-win cooperation with them,” he said in speech to Sri Lankan soldiers.

“The PLA’s (People’s Liberation Army) efforts in conducting friendly exchanges and cooperation with its counterparts in the South Asian nations are intended for maintaining regional security and stability and not targeted at any third party.”

As neighbours and emerging superpowers, India and China have a complex relationship. Trade has grown at a dizzying rate but Beijing is wary of India’s close ties to Washington and memories of a border war with China half a century ago are still fresh in New Delhi.

Despite 15 rounds of high level talks to resolve the dispute about where their Himalayan border lies, neither side is close to giving up any territory. Liang is not expected to broach the territorial issue on his trip.

Analysts say Liang’s India tour will demonstrate that Beijing is managing the often twitchy relations with its neighour just ahead of its once-in-a-decade leadership transition.”

via Asian giants seek better ties; China defence minister in India – The Times of India.

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31/08/2012

* India’s economic growth better than forecast

BBC News: “India’s economy grew faster than expected in the three months to the end of June, easing some fears about a sharp slowdown in Asia’s third-largest economy.

Growth was 5.5% in the April to June period from a year earlier. Most analysts had forecast a rate of 5.2%.

That compares with a 5.3% annual growth rate in the previous quarter.

However, there are concerns that a lack of reforms, slowing factory output and investment may hurt long-term growth.

“Whilst an upside surprise at 5.5%, the pace of growth is undeniably below potential and validates the need for the government to address sluggishness in investment and external sector activity,” said Radhika Rao an economist at Forecast Pte.”

via BBC News – India’s economic growth better than forecast.

29/08/2012

* India riots: Court convicts 32 over Gujarat killings

BBC News: “A court in India has convicted 32 people for involvement in the 2002 religious riots in Gujarat state.

Rioting in Gujarat in 2002

The court acquitted 29 others in the case known as the Naroda Patiya massacre.

Among those convicted were former minister Maya Kodnani and Babu Bajrangi, a former leader of the militant Hindu group Bajrang Dal.

A total of 95 people were killed in the rioting on 28 February in the Naroda Patiya area of Ahmedabad city.

Most of the convicted, including Ms Kodnani and Mr Bajrangi, were found guilty of murder and criminal conspiracy, reports said.

The trial began in August 2009 and charges were framed against 62 people. One of the accused died during the trial.

Ms Kodnani was the junior minister for women and child development in the Gujarat government when she was arrested in connection with the incident in 2009.

More than 1,000 people, mostly Muslims, were killed when riots erupted after 60 Hindu pilgrims died in a train fire in 2002.

It was one of India’s worst outbreaks of religious violence in recent years.”

via BBC News – India riots: Court convicts 32 over Gujarat killings.

See also: Indian ethnic – religious tensions

28/08/2012

* One killed in fresh Assam violence

BBC News: “One man has been killed and five others have been injured in fresh violence in India’s Assam state, police said.

An Indian riot refugee woman sleeps as her child reads a book at a relief camp during India’s ruling Congress party President Sonia Gandhi visit in Deborgaon in Kokrajhar, India, Monday, Aug. 13, 2012

In the first incident, a man was killed and four others were wounded, while the second incident left one man injured. Both clashes occurred in Kokrajhar.

At least 87 people have died in fighting between indigenous Bodo tribes and Muslim settlers in Assam since last month.

More than 300,000 people fled their homes after the fighting.

Most of them are still living in relief camps.

There has been tension between indigenous groups and Muslim Bengali migrants in Assam for many years.

Last week, police arrested a local politician, Pradeep Brahma, for his alleged involvement in the recent ethnic violence.

Kokrajhar, Dhubri and Chirang were some of the districts worst affected by the clashes.

An indefinite curfew has been enforced in Kokrajhar and the army has marched through the streets of some of the troubled neighbourhoods.”

via BBC News – India: One killed in fresh Assam violence.

27/08/2012

* Is a Youth Revolution Brewing in India?

NY Times: “Among the world’s major countries, India has the youngest population, and the oldest leaders. A startling four-decade gap between the median age of India’s people and that of its government officials most recently reared its head with a heavy-handed and widely-maligned crackdown on free speech on the Internet.

A protester jumped over a police barricade during a demonstration near the prime minister's residence, led by India Against Corruption member Arvind Kejriwal, in New Delhi, Aug. 26, 2012.

History shows us that generations with an exceptionally high youth ratio create political movements that shake up their systems and leave a profound impact on history. America’s baby boomers – the 79 million people born between 1946 and 1964 – led the charge in the civil rights movement and the sexual revolution.

In China, out of the stormy Cultural Revolution emerged the country’s current crop of leaders, who have taken it to remarkable heights of prosperity and power. More recently, in the Arab Spring there is evidence of a strong correlation between the ratio of the population under 25 and the urge to overthrow unresponsive governments.

Whether India will follow the same path may become apparent in the very near future.

There are some signs that the beginnings of India’s own youth revolt are stirring – the “India Against Corruption” protests, which swept Delhi on Sunday, involved a about a thousand protesters, mostly young men, who broke through barricades meant to protect their elder politicians’ homes and battled with the police.

The India Against Corruption political movement unleashes youth disenchantment against the establishment, using new means of communication like Twitter and Facebook as its fuel. Still, it is headed by an iconic 75-year-old Gandhian – call it shades of a youth movement, with the structure of a traditional Indian family.

India now has around 600 million people who are younger than 25, and nearly 70 percent of its 1.2 billion population is under 40. It is an unprecedented demographic condition in the history of modern India, and in absolute numbers it is unprecedented anywhere in the world. It also comes at a time when much of the developed world and China have aging populations.

The country’s median age of 25 is in sharp contrast to the average age of its cabinet ministers, 65, which is a far bigger gap than in any other country – Brazil and China are next with age gaps just under 30 years. In the United States the gap is 23 years, and in Germany it is less than 10.

Beyond the Internet crackdown, there are other disturbing signs that the age and thought gap between the majority of India’s citizens and their aging leaders is stifling India’s teeming youth.

We see this at play when the chairwoman of the National Commission for Women tells women to “be careful about how you dress,” after a young woman was sexually assaulted in public by a group of men in Guwahati.

We see it when a police officer wielding a hockey stick cracks down on Mumbai’s buzzing night life, and is defended by the state’s home minister. We see it in the inability to overhaul the country’s jaded bureaucracy that stifles fresh ideas.

Most tellingly, perhaps, we see it in the lack of political will to open up key sectors of the economy like retail to foreign competition, under the populist pretense of protecting existing jobs. This protectionism is far removed from the economic realities of the past two decades – India has been one of the clear winners of globalization. But as one writer put it, “The decision-makers in the Indian political class are still stuck in the mental framework of the 1970s, which is when they were blooded in politics.””

via Is a Youth Revolution Brewing in India? – NYTimes.com.

27/08/2012

* China keen to boost mutual investments with India

The Hindu: “Calls to reshape ‘increasingly unsustainable’ trade model amid growing imbalance

China has called for a move to boost mutual investments with India as a measure to strengthen trade ties and reshape what officials have acknowledged is an increasingly unbalanced and strained business relationship, as trade talks between both countries begin in New Delhi on Monday.

The Chinese Commerce Ministry told The Hindu in a written interview ahead of the visit of Commerce Minister Chen Deming, who will lead the Chinese delegation in Monday’s talks, that the relatively strong foreign exchange reserves of both countries and an increasing desire of businesses to go overseas should drive the future of trade ties.

“There is great space for China and India to cooperate in mutual investment,” the Commerce Ministry said.

Both countries will hold the ninth round of the Joint Economic Group (JEG) dialogue in New Delhi on Monday. India’s trade deficit and Chinese concerns about the investment environment in India, particularly in the power and telecom sectors, is expected to be at the focus of the talks.

In an apparent attempt to ease concerns about strains in the trade relationship, Chinese officials have suggested a new approach. Boosting mutual investments would be one way of shifting the relationship from the current model. Trade over the past decade, which has grown from a few billion dollars to US$ 74 billion last year when China became India’s biggest trade partner, has largely been driven by Chinese appetite for Indian ores and Indian need for Chinese machinery.”

via The Hindu : News / National : China keen to boost mutual investments with India.

26/08/2012

* India coal scandal: Hundreds protest against PM Singh

BBC News: “Police in the Indian capital Delhi have baton-charged hundreds of anti-corruption protesters angered by the government’s sale of coalfields without open bidding.

An auditors’ report last week said the mis-selling cost India $33bn (£20bn).

Police also used water cannon and tear gas to turn back protesters trying to reach the house of Indian Prime Minister Manmohan Singh

Opposition calls for Mr Singh to resign have deadlocked parliament.

In the report last week, government auditors said private companies had made “windfall gains” by the allocation of coal mining rights from 2005-9 in a process that “lacked transparency”. India is one of the largest producers of coal in the world.

The main opposition Bharatiya Janata Party (BJP) says Mr Singh should quit because he was head of the coal ministry at the time of the sales.

The call has left parliament deadlocked since Tuesday. The Congress-led government insists there was no wrongdoing.”

via BBC News – India coal scandal: Hundreds protest against PM Singh.

12/08/2012

* Cleaning up after Pranab Mukherjee leaves finance ministry

Reuters:”Pranab Mukherjee’s reign as Indian finance minister was stained by economic meddling and political favouritism. Now he is gone, and some of his excesses are being reversed. An enemy has been pardoned and a friend has not received a plum job. This could be the beginning of a better era.

Imagine if Tim Geithner had been accused of putting pressure on the securities regulator to protect some political friends. The U.S. Treasury Secretary would be in serious hot water. But when the former number two at the Securities and Exchange Board of India (SEBI) accused Mukherjee of something similar – putting pressure on the SEBI chairman to “manage” some high-profile corporate cases – there was little attention.

Rather, in a move that was all too typical of the Mukherjee regime, the finance ministry countered with allegations against the whistle-blower, K.M. Abraham. But the post-Mukherjee government is different. Prime Minister Manmohan Singh has cleared Abraham.

In another development, the board of UTI, Asia’s oldest asset management company, is set to appoint a new chief executive. The position has been vacant for the past year and a half as the finance minister put pressure on the company, 26 percent owned by U.S. fund manager T. Rowe Price, to appoint the brother of one of Mukherjee’s most powerful advisors. The former political favourite, Jitesh Khosla, hasn’t made the new shortlist.

India’s new finance minister, P. Chidambaram, is also shaking up his own team. On Sunday he announced that the top officials in the revenue and expenditure departments would swap jobs. That seems to be a signal of a shift in the tax department’s priorities. It might pave the way for a reversal of Mukherjee’s damaging retrospective tax grabs.”

via India Insight.

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