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Short Eats: May 25

May 25 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies. Banana Fiber a New Textile Commodity Weavers near Chennai have developed a new product made from Banana fiber, in association with the National Research Centre for Banana. The new textile is said to be suitable […]

Test Drive a Tata Nano Free Online

Apr. 20 – Tata Motors, the manufacturers of the worlds cheapest car the Nano, has teamed up with the Indian online gaming portal Zapak to provide a free online game in which a user can customize their virtual Nano, then drive it around Bombay amidst the city’s hustle and bustle. The tiny vehicle, which costs […]

Indian LLP Status for Accountancy Practices Being Implemented

Commentary: Chris Devonshire-Ellis Apr. 14 – The ability for Indian chartered accountants, cost accountants and company secretarial practices to obtain limited liability partnership status will take some time, even though the government has initiated the process. Despite the government approval, the three regulators concerned, the Chartered Accountants of India (ICAI), the Institute of Cost and […]

Government Offers 70 Oil and Gas Exploration Blocks

Apr. 10 – In order to attract increased revenues into long term investments and reduce the burden of importing 75 percent of its annual crude oil requirements, the Indian government is stepping up oil and gas exploration to boost production.

India Among the Top 5 Developing Nations in Industrial Production

Apr. 8 – India’s annual growth rate of manufacturing value added (MVA) has risen from to 12.3 percent during 2005-2007 up from a MVA of 6.9 percent registered during 2000-2005 according to the International Yearbook of Industrial Statistics 2009 released by the United Nations Industrial Development Organization (UNIDO). The share of MVA’s in India’s GDP has risen from 13.8 percent in 2001 to 14.8 percent in 2006.

India’s Legal System in Need of Overhaul

Feb. 13 – Even as the Indian economy races ahead to become bigger and stronger, the country’s legal system lags behind. According to the Chief Justice of India, A.P. Shah, it would take the Delhi High Court 466 years just to clear its backlog of criminal cases.

In a report released by the judiciary, the lax legal system is a result of three major factors – the low number of sitting judges per population, India’s high rate of corruption and the tedious process of registering a court case.

The associated press reported that although the Delhi High Court resolves cases at an average speed of four minutes and 55 seconds, it still has innumerable cases pending including 600+ cases that are more than 20 years old. The United Nations Development Program estimates that some 20 million legal cases are pending in India. As a result, its not uncommon to hear stories of court cases lasting longer than the average human lifespan.

India’s Commercial Capital Mumbai Attacked By Terrorists

For the most recent updates visit 2point6billion.com.

Nov. 27 – Terrorist’s attacked 10 prime landmarks in Mumbai at 10 pm local time last night killing at least 100 people and wounding over 900 others. Prominent amongst those shot down are chief of the anti-terror squad Hemant Karkare, Mumbai’s additional commissioner of police (east) Ashok Kamte and encounter specialist Vijay Salaskar.

A group called the Deccan Mujahideen, have claimed responsibility for the attack, however it is yet to be ascertained to which terrorist outfit they belong. Reports state that the terrorists are targeting foreigners in the city. Besides attacking prominent tourist hot spots such as the Taj Mahal Hotel, Oberoi Towers and Leopolds café in South Mumbai the terrorists reportedly asked guests in these hotels for British and American passport holders. Adding to the panic, hospitals including Cama hospital and Bombay Hospital as well as Mumbai’s largest railway station, the CST station and the Municipal Corporation headquarters have also been attacked.

India Sources Bidders for Worlds largest Telecom Tender

Sept. 11 – India is the world's second-largest mobile market, with nearly 300 million wireless users in July and more than 8 million users signing up each month. So when the country's largest public sector telecom company plans to expand, 25 million lines each in north, west and south of the country, and 18 million lines in the east,it causes a great stir amongst the world's telecom company's. The state owned telecom service provider said bidders can win a maximum of 46.5 million lines, half of the tender.

Reuters reported that Telecoms equipment makers Ericsson and Nokia Siemens Networks are competing with four other firms in a tender potentially worth US$9 billion to provide wireless infrastructure to India's Bharat Sanchar Nigam Ltd (BSNL). Bidders in the tender for a total of 93 million GSM lines, the world's largest such order, also include China based Huawei Technologies and Alcatel-Lucent networks.