Other Briefings
Foreign Experts Brought in to Kick-Start Delhi Games Progress
By Chris Devonshire-Ellis MUMBAI, Oct. 14 – Following an inspection of the sites intended for the Delhi Commonwealth Games led by Commonwealth Games Federation (CGF) President Mike Fennell, the Delhi Games Organizing Committee (DGOC) has the ignominy of having an Independent Technical Committee, made up of foreign experts oversee all aspects of DGOC preparations. The […]
Audi Predicts India will be Fifth-Largest Market by 2015
Oct. 9 – German luxury car maker Audi’s Managing Director for India, Benoit Tiers, predicts that India will be the fifth-largest market by 2015 and that company sales will grow by 80 percent. In an interview with The Economic Times, Tiers downplayed his growth projections by saying the company wants to be profitable rather than […]
U.S.-India Treaty Expected to Bring in More FDI
Oct. 9 – More American investment is expected to pour in when the U.S.-India bilateral investment treaty is finalized and streamlines the foreign direct investment process in terms of project bidding and return on investments. “Once the treaty comes through, it will enable billions of dollars of foreign direct investment to come to India . […]
Air India Considers 15-Day Flight Suspension Due to Protests
Sept. 29 – State-owned Air India may consider suspending airline operations for 15 days after protests over pay issues reached a standstill. The Economic Times reported that about 40 Air India flights were canceled on Saturday when scores of executive pilots reported sick in protest of the airline’s decision to cut performance incentives by 50 […]
Fears Grow Over Preparations for Commonwealth Games
Sept. 22 – The Commonwealth Games Federation President Michael Fennell has been quoted in The Times of India as saying that he would seek Prime Minister Manmohan Singh’s intervention to try and save the Games from becoming a fiasco. Fennell sent a letter to the executive board of the organizing committee saying that the event […]
New Tariff Rules Announced for Renewable Energy Industry
Sept. 18 – India’s Central Electricity Regulatory Commission (CERC) has announced a new tariff regime aimed at encouraging more investment in the renewable energy sector. The new tariff regime will offer 19 percent pre-tax return on investment in new projects for the first 10 years and 23 percent in the subsequent period says The Economic […]
Investment in Steel Growing Due to Strong Local Demand
Sept. 14 – India’s domestic demand for steel is expected to grow despite the global economic crisis with top steel companies ArcelorMittal and Posco pushing through plans for expanding production facilities. Demand for steel is rapidly increasing as the country’s infrastructure plans for roads, bridges and buildings takes off and domestic demand for vehicles continues […]
India’s Central Bank to Continue Reforms
Sept. 12 – India’s Central Bank governor assured that the bank will continue to work on implementing financial sector reforms. “There is a concern in some quarters that the crisis may have dented our enthusiasm for financial sector reforms. I believe that concern is misplaced. We will not slow down on reforms, but will surely […]
