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Old November 26th, 2018, 05:50 PM   #201
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Nov 20, 2018
Exclusive: India to probe alleged antitrust behavior by Maersk, DP World at Mumbai port - sources
Excerpt

NEW DELHI (Reuters) - India’s antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark’s A.P. Moller-Maersk (MAERSKb.CO) and Dubai’s DP World at the terminals they operate at the country’s largest container port in Mumbai, five sources familiar with the matter told Reuters.

The decision by the Competition Commission of India (CCI) to investigate follows a complaint by Singapore’s PSA International Pte Ltd, which alleged that Maersk and DP World created entry barriers to hinder the growth of PSA’s terminal by colluding on certain charges they levy at the state-owned Jawaharlal Nehru Port Trust (JNPT).

Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India’s international trade. The port handles more than half of India’s traffic of shipping containers each year.

Units of Maersk, DP World and PSA operate four of the port’s five terminals, with the fifth owned by the government. The PSA terminal, inaugurated by Prime Minister Narendra Modi in February, is planned to be the largest, expected to nearly double JNPT’s capacity and help fulfill the government’s vision of boosting India’s economic growth by modernizing its ports.

The dispute centers around so-called inter-terminal transfers.

Under the system, which aims to make the most efficient use of common infrastructure, freight trains arriving at JNPT typically carry containers destined for several terminals, but stop at just one that handles all the cargo on a given day. Other operators then collect their containers by truck for loading at their own terminals. A similar procedure is followed, in reverse, when imported containers are unloaded.

More : https://www.reuters.com/article/us-i...-idUSKCN1NP1RY
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Old February 2nd, 2019, 04:06 AM   #202
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India ramps up spending on coal exploration as it slashes funds for mine safety
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NEW DELHI, Feb 1 (Reuters) - The Indian government will increase spending on exploration of coal and lignite by 20 percent in the coming financial year but will slash funding for coal mine safety and conservation, according to the federal budget document released on Friday.

India is one of the world’s largest consumers of coal and rising imports of the fuel are adding to a burgeoning trade deficit, prompting the government to invest in developing more domestic resources.

In the 2019/20 financial year that begins in April, the government aims to spend 6 billion rupees ($84 million) on exploration of coal and lignite, the document for the 2019/20 budget showed.

At the same time, it will cut spending on conservation, safety and related infrastructure development by about a third from last year to 1.35 billion rupees, according to the document.

India is one of the most dangerous countries in the world to be a coal miner, with one miner dying every six days on average in 2017, according to government data, but this will be the second straight year that the government has cut spending on safety.

The coal ministry said that coal companies had their own safety budgets.

State-run Coal India Ltd has a near monopoly, producing over four-fifths of the country’s coal output. It allocated 8.6 billion rupees for safety-related expenditure for the year ending March 2019, up from 8 billion rupees a year earlier, the ministry said in an emailed statement to Reuters.
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Old March 15th, 2019, 07:10 PM   #203
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Mar 15, 2019
India LNG demand journey to be shaky, slow due to infrastructure limits
Excerpt

SINGAPORE/NEW DELHI (Reuters) - India’s demand for liquefied natural gas (LNG) is set to rise by about 10 percent this year even as the country adds import capacity at a faster clip, because infrastructure constraints keep gas from getting to consumers and hinder growth rates.

New Delhi made a commitment in the Paris Agreement of 2015 to reduce the carbon emissions intensity of India’s economy by one-third, and aims to more than double the share gas has in its energy mix to 15 percent by 2030, from 6.2 percent now.

India had four terminals receiving LNG last year, taking in 21 million to 23 million tonnes of the super-chilled fuel, up nearly 10 to 13 percent from 2017, according to data from the Petroleum Planning and Analysis Cell and shipping data.

Over the next seven years the government plans to build another 11 terminals. One of those was commissioned this month, and two more are expected to start up later this year.

“The strongest growth rate is expected in city gas demand, primarily due to an increase in consumption by commercial users on the back of growth in city-gas infrastructure,” said Poorna Rajendran, senior analyst for consultancy FGE.

But with existing terminal capacity now at 35 million tonnes a year, and additions and expansions expected to bring that to 41.5 million tonnes by end-2019, India’s LNG import terminals are likely to remain underutilized for years to come.
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Old March 28th, 2019, 05:05 PM   #204
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Mar 26, 2019
India seeks bids for $5 billion in transmission lines to fuel renewables growth
Excerpt

NEW DELHI (Reuters) - India will launch $5 billion of transmission-line tenders in phases, beginning in June, to route a targeted 175 gigawatts (GW) of power from renewable sources into the country’s grid by 2022, the secretary at the ministry of renewable energy said.

India, the world’s third-largest emitter of greenhouse gases, has pledged to cut emissions and have clean energy account for at least 40 percent of its installed capacity by 2030, up from 21.4 percent now, while looking to manage its energy appetite as its population becomes more prosperous.

The renewable energy targets would require investment in feeder lines and infrastructure upgrades.

India has awarded tenders for 12 GW of transmission lines since December, while bids for a further 16 GW will be launched by the end of June. Another 38 GW will be bid out before March 2020, he said.

Building transmission lines for 66 GW worth projects would need an estimated investment of 430 billion rupees, the secretary for renewables, Anand Kumar, said.

More : https://www.reuters.com/article/us-i...-idUSKCN1R71H7
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Old April 8th, 2019, 02:09 PM   #205
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Modi Pledges $1.44 Trillion on Infrastructure in Re-Election Bid
Bloomberg Excerpt
April 8, 2019

Prime Minister Narendra Modi’s ruling Bharatiya Janata Party pledged spend $1.44 trillion on infrastructure to boost the economy and raise living standards, in a bid to match its main rival’s populist promises.

The BJP, which is seeking to retain power in elections starting April 11, released its manifesto in New Delhi on Monday, reiterating its pledge to double farmers’ income by 2022, improve GDP share from manufacturing and double exports. It will also scrap Article 370 of the Indian Constitution which grants special concessions to the disputed state of Kashmir.

India’s 263 million farmers are a key voting bloc in the world’s largest democracy. The main opposition Congress Party has promised to write off farm loans throughout the country. To match it, BJP said it would invest 25 trillion rupees ($359 billion) in rural development and offer farmers 6,000 rupees per year in income support.

The infrastructure promise ties in with estimates reflected in the 2017-18 Economic Survey document by former adviser and economist Arvind Subramanian, who pegged the needed investments at $4.5 trillion till 2040. BJP’s figure is roughly one fourth of this requirement. In comparison, the government has set aside $57 billion for spending on roads, railways and airports in the year ending March 2020.

The manifesto lists banking reforms and lower inflation as achievements that can help raise funds for building infrastructure, but gives no details of how the party will ensure funds will be raised.

More : https://www.bloomberg.com/news/artic...o-retain-power
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Old April 22nd, 2019, 07:20 AM   #206
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Swachh Bharat Mission - Household Toilet Coverage across India



Swachh Bharat Mission Index

Swachh Bharat Mission Dashboard

_____________________________________________________________

96% usage of toilets under Swachh Bharat, shows survey by an independent verification agency

The survey also covered schools, anganwadis and public or community toilets in these villages.

By Aman Sharma ET Bureau | Mar 05, 2019, 10.58 AM IST

NEW DELHI: An independent verification of the Swachh Bharat (Grameen) programme has confirmed 96% usage of toilets in the country, ET has learnt.

The National Annual Rural Sanitation Survey (NARSS) 2018-19, conducted by an Independent Verification Agency under the World Bank support project to the Swachh Bharat Mission Grameen (SBM-G), has found that 96.5% of the households in rural India who have access to a toilet use it, government sources told ET. The survey has also re-confirmed the Open Defecation Free (ODF) status of 90.7% of villages which were previously declared and verified as ODF by various districts and states. The survey was conducted between November 2018 and February 2019, covering 92040 households in 6136 villages across the country.

Other key findings of the survey, ET has learnt, were that nearly 93% households were found to have access to toilets during the survey period while 96.5% of the people who had access to toilets used them. While 90.7% of villages which were previously declared and verified as ODF were confirmed to be ODF, the remaining villages also had sanitation coverage of about 93%, the survey shows. Further, 95.4% of the villages surveyed found to have minimal litter and minimal stagnant water, the survey has highlighted, ET has learnt.

The Independent Verification Agency has presented their findings to the Expert Working Group (EWG) constituted for oversight of the survey, comprising representatives from organizations including the World Bank, UNICEF, Water Aid, Bill & Melinda Gates Foundation, India Sanitation Coalition, NITI Aayog, and Ministry of Statistics and Program Implementation. The survey used the PPS (Probability Proportion to Size) sampling methodology, which yields results within a confidence interval of 95%. Data was collected using the Computer Assisted Personal Interviewing platform. The survey also covered schools, anganwadis and public or community toilets in these villages.

The government claims that since its Swachh Bharat Mission programme started in October 2014, 500 million people have stopped defecating in the open, down from 550 million at the beginning of the programme to less than 50 million today. Over 9 crore toilets have been built across rural India under the Mission. Over 5.5 lakh villages and 615 districts have been declared ODF, along with 30 ODF States and Union Territories, as per the government.
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Old April 22nd, 2019, 07:44 AM   #207
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Access to electricity (% of population)

India__79.17__2014

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Old April 22nd, 2019, 07:58 AM   #208
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India ranked 58th most competitive economy in WEF index, jumps 5 places from 2017

Press Trust of India | New Delhi
Last Updated at October 17, 2018 03:35 IST

India has been ranked as the 58th most competitive economy on the World Economic Forum's global competitiveness index for 2018, which was topped by the US.

India's rank rose by five places from 2017, the largest gain among G20 economies, the WEF said.


On the list of 140 economies, the US is followed by Singapore and Germany at the second and the third positions respectively.

India was ranked 58th with a score of 62.0 in the latest Global Competitiveness Report. "This is the largest gain among all G20 economies," WEF said.

Meanwhile, neighbouring China was ranked at the 28th position in the overall list.

According to the report, the top performers in the "upper and lower middle-income brackets", such as China and India, are catching up with or even outperforming the average among high-income economies.

"China, is already more advanced when it comes to investing in research and development sub-pillar than the average high-income economy, while India is not far behind and let down only by its less-efficient bureaucracy for business creation and insolvency," the report said.

Among the BRICS economies, China topped the list at 28th place with a score of 72.6, ahead of the Russian Federation (65.6, 43rd), India (62.0, 58th), South Africa (60.8, 67th), and Brazil (59.5, 72nd).

India, however, remained the "South Asia's main driving force".

As per the report, India leads the region in all other areas of competitiveness except for health, education and skills, where Sri Lanka boasts the highest healthy life expectancy (67.8 years) and the workforce with the highest amount of schooling (9.8 years).

"These two countries (India and Sri Lanka) are also the ones that can rely on the most efficient infrastructure system. India has invested more heavily on transport infrastructure and services, while Sri Lanka has the most modern utility infrastructure," it added.

As per the report, India's greatest competitive advantages include its market size, innovation (in particular the quality of its research establishments and business dynamism (including the number of disruptive businesses).

While the areas that the country needs to improve include, labour market (in particular workers rights), product market (in particular trade tariffs) and skills (in particular pupil-teacher ratio).

Other countries in the top 10 include, Switzerland (4th), Japan (5th), Netherlands (6th), Hong Kong (7th), United Kingdom (8th), Sweden (9th) and Denmark (10th).

The World Economic Forum's Global Competitiveness Index 4.0 is a composite indicator that assesses the set of factors that determine an economy's level of productivity - widely considered as the most important determinant of long-term growth.

The GCI 4.0 framework is built around 12 main drivers of productivity -- Institutions, Infrastructure; Technological readiness; Macroeconomic context; Health; Education and skills; Product market; Labour market; Financial system; Market size; Business dynamism; and Innovation.

https://www.business-standard.com/ar...1700097_1.html



http://reports.weforum.org/global-co...s/#economy=IND
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Old April 30th, 2019, 02:23 PM   #209
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April 30, 2019
Reuters Excerpt
KKR, GIC betting on India's power sector with $400 million investment: sources

Global investment firm KKR & Co Inc is leading a deal to acquire a controlling stake in India Grid Trust (IndiGrid), in a bet on the country’s rapidly growing power sector, people familiar with the transaction told Reuters.

KKR, together with Singaporean sovereign wealth fund GIC, will acquire up to 57 percent of IndiGrid for about $400 million, the people said. IndiGrid’s current market value is about $332 million.

The deal would mark KKR’s first infrastructure investment in Asia since it set up a team late last year that focuses on the sector in the region.

The pair will invest 20.64 billion rupees ($295 million) for a 42 percent stake in the trust via a preference equity issuance, the people said.

KKR, having applied to become sponsor of IndiGrid, will then acquire a 15 percent stake from its current sponsor, Sterlite Power Grid Ventures Ltd, pending regulatory approval.
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Old May 6th, 2019, 03:00 PM   #210
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India's Modi flies over cyclone-ravaged east, promises millions to rebuild
Excerpt

BHUBANESWAR, India, May 6 (Reuters) - Indian Prime Minister Narendra Modi saw for himself the damage wreaked by a powerful cyclone on Monday, pledging an extra 10 billion rupees ($144.19 million) to the hardest-hit state of Odisha where hundreds of thousands returned home from shelters.

Cyclone Fani killed at least 34 people in India, destroying houses, ripping off roofs and knocking down electricity poles.

Early warnings from meteorologists helped authorities evacuate more than a million people from low-lying towns, minimising the death toll from the strongest storm in 43 years to pummel India's east coast.

Modi flew by helicopter over battered towns and villages where thousands of rescue workers and volunteers were sifting through the debris.

"Before the cyclone, we had released 381 crore (3.81 billion rupees) to Odisha and we will now give an additional 1,000 crore (10 billion rupees) for relief and rebuilding efforts of the state," Modi said.

He also announced financial compensation for victims.

Modi said his officials would work closely with the state government to rebuild infrastructure.

Modi, who is busy campaigning in India's 39-day staggered general election, last week chaired meetings in New Delhi to oversee efforts to deal with the storm. India's seven-phase election began on April and voters in Odisha have already cast their ballots.

Tens of thousands of people remained without electricity in the state capital Bhubaneswar and the Hindu temple town of Puri after the storm made landfall on Friday.

Power has been restored to airports and hospitals. Bhubaneswar airport had resumed flights, state government officials said.

More : https://www.reuters.com/article/us-i...idUSKCN1SC0Q1?
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Old May 18th, 2019, 06:50 AM   #211
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India awaits more infrastructure in the next election : https://www.nytimes.com/2019/05/16/b...n-economy.html
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Old May 19th, 2019, 12:46 PM   #212
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May 16, 2019
Excerpt
Mass texting and 50,000 volunteers: how India moved a million people to safety

NEW DELHI (Thomson Reuters Foundation) - From mass texting to mobilizing 50,000 volunteers, the Indian official who masterminded the evacuation of more than a million people revealed on Thursday how they were moved from the path of a deadly cyclone.

The state of Odisha on India’s east coast has won global praise for the speed and scale of its response to Cyclone Fani, which struck on May 3 packing winds of about 200 km (124 miles) an hour.

It was the strongest summer cyclone to hit the state in 43 years, but the death toll was limited to 64 because authorities managed to evacuate vast numbers of people from its path.

Two decades ago, 10,000 people were killed when a super-cyclone battered the coast of Odisha.

“We believe that every life is precious, so we maximized our efforts to ensure minimum destruction and no human casualties,” Odisha’s Special Relief Commissioner Bishnupada Sethi told the Thomson Reuters Foundation by phone.

“And these are the unique things we did that really helped in a big way.”

Sethi’s team started making an action plan a week in advance to spare one of India’s poorest states, which is home to 46 million people and highly exposed to cyclones in the Bay of Bengal.

His team mobilized 50,000 volunteers, emergency workers, police officers, boats, buses and trains to evacuate more than a million people living in low-lying areas to shelters.

More : https://www.reuters.com/article/us-i...-idUSKCN1SM1UN
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Old May 29th, 2019, 01:30 PM   #213
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INSIGHT-India's jobs deficit: Project in Gujarat struggling to create employment
Excerpt

GANDHINAGAR, India, May 24 (Reuters) - When he was chief minister of the Indian state of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the style of Singapore or Dubai.

The developers were tasked with transforming an expanse larger than New York’s Central Park into a city with more than 100 skyscrapers supporting more than 1 million jobs - all within a decade.

Nearly eight years later, Gujarat International Finance Tec-City, or GIFT City, supports only 9,000 jobs and only about 3 million of its 62 million square feet of planned development have been built, according to documents from the company’s current presentations to investors reviewed by Reuters, and interviews with GIFT officials. Three million square feet are under construction.

Despite efforts by the Modi government over the past five years to offer tax and regulatory concessions, and a big push to get banks and brokerages into GIFT, the project remains far short of expectations. GIFT’s future is uncertain, with its main partner in financial trouble over soured bets in other projects.

The lack of development and job creation at GIFT, critics say, reflects one of Modi’s challenges as a whole as he begins a second term in office.

More : https://www.reuters.com/article/indi...-idUSL4N2300KE
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Old June 8th, 2019, 06:20 PM   #214
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June 5, 2019
More work, less water: India's booming 'Silicon Valley' faces dry times
Excerpt

BANGALORE, India (Thomson Reuters Foundation) - Waiting under the scorching sun for a tanker truck to deliver water to his home, Chandra Shekhar reminisced about how his southern Indian city once brimmed with pristine lakes and lush gardens.

“They are all gone now. They have been consumed by buildings and more buildings,” said the 59-year-old retired engineer, who has seen the IT hub of Bangalore - often dubbed India’s Silicon Valley - transform since he was a boy.

“Bangalore has gone from being the city of lakes to the city of concrete. Because of this, all the water has disappeared.”

Years of rapid urbanization, a swelling population and poor water management have led to drying taps, falling groundwater levels and filth-frothed lakes that can burst into flames.

Bangalore is paying a heavy price for its success since marketing itself as a tech hub in the late 1990s and attracting top firms including Microsoft, IBM, Dell and Google.

While job opportunities have soared in the sprawling city, millions have no piped water and instead rely on an army of privately-run tankers that suck water from wells inside and outside the city and deliver it to homes.

Other families dig unauthorized private wells in search of water for drinking, bathing, laundry and other daily needs.

Even those living in long-established neighborhoods with piped water often find water trickling, rather than gushing, from the tap.

More : https://www.reuters.com/article/us-w...-idUSKCN1T60U3
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