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Adani, whose home state is Gujarat in western India, built his business empire from scratch after starting as a commodities trader. Adani's business empire grew rapidly and his wealth ballooned. In recent years, the $220 billion Adani Group empire has attracted foreign investment - France's TotalEnergies (TTEF.PA), for example, partnered with Adani last year to develop the world's biggest green hydrogen ecosystem. It is not known what was discussed and Adani Group did not respond to a request for comment on Friday. Adani Group's consolidated gross debt stands at $23.34 billion, Jefferies says.

☆ Six injured in Jammu blasts before India opposition leader Gandhi arrives
▼ + stars: | 2023-01-21 | by ( Fayaz Bukhari | ) www.reuters.com time to read: +2 min

Modi wants to take control of India's part of the Muslim-majority Himalayan region of Jammu and Kashmir, hotly contested by Muslim-majority Pakistan. Gandhi's march, which has been better received by the public than expected, is expected to culminate in Srinagar later this month. The first blast occurred around 0445 GMT, followed by another explosion, said another police official, who asked not be named because he is not authorised to speak to the media. Jaswinder Singh, who saw the first blast, said it occurred in a vehicle that was sent to a workshop for repairs. “There was a big bang and when I came out, I saw a blast had ripped apart a car.

☆ Despite India's economic growth, few jobs and meagre pay for urban youth
▼ + stars: | 2023-01-20 | by ( Manoj Kumar | ) www.reuters.com time to read: +7 min

He has since remained unemployed, unable to pay back a 100,000 rupee ($1,224) loan he took to buy a two-wheeler scooter. The rising unemployment in India belies other indicators suggesting the economy is undergoing a healthy rebound from the COVID-19 pandemic. Instead, the surge in people looking for work, many of them rural migrants, raises concerns about consumption and longer term growth prospects. The urban unemployment rate swelled to 10.1% in December, although the total number of jobs in India touched a pre-pandemic level of 410 million, data compiled by Mumbai-based think-tank Centre for Monitoring Indian Economy (CMIE) showed. Urban unemployment spiked during the pandemic years, largely because of lockdowns, but before that it hovered between 6%-7%, according to CMIE data.

☆ India's jobless rate rises to 16-month high of 8.30% in Dec - CMIE
▼ + stars: | 2023-01-01 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

NEW DELHI, Jan 1 (Reuters) - India's unemployment rate rose to 8.30% in December, the highest in 16 months, from 8.00% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed. "Most importantly, the employment rate has increased in December to 37.1%, which again is the highest since January 2022," he told Reuters. The unemployment rate had declined to 7.2% in the July-September quarter compared to 7.6% in the previous quarter, according to separate quarterly data compiled by state run National Statistical Office (NSO) and released in November. In December, the unemployment rate rose to 37.4% in the northern state of Haryana, followed by 28.5% in Rajasthan and 20.8% in Delhi, CMIE data showed.

The free food programme, however, cost the government around $47 billion, worsened the fiscal deficit and reduced wheat stocks in government warehouses to multi-year lows. The government expects to save nearly $20 billion a year by ending the COVID free food scheme. MODI TRUSTED BY VOTERSSome economists had wanted the food programme gone months ago as COVID curbs eased. Had the trust not been there, and for any other leader, it would have been difficult to end such a food programme ahead of elections." But senior BJP leader and former minister Ravi Shankar Prasad said that the decision to reduce food aid should not be linked to elections or politics.

☆ Rahul Gandhi's cross-India march reaches capital city Delhi
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Anushree FadnavisNEW DELHI, Dec 24 (Reuters) - A cross-country march led by Indian opposition leader Rahul Gandhi reached the capital New Delhi on Saturday, hoping to regain some of the popularity it lost to the ruling Hindu-nationalist party. Gandhi's mother, former Congress president Sonia Gandhi, party leader Priyanka Gandhi and her husband Robert Vadra joined Saturday's march. The Nehru-Gandhi dynasty has controlled the Congress party for decades but has also overseen its recent decline. Rahul Gandhi resigned as Congress president after the last election. The "Unite India Rally" march began in September in the coastal town of Kanyakumari on the southern tip of India.

☆ India's Congress elects first non-Gandhi chief in 24 years
▼ + stars: | 2022-10-19 | by ( Shivam Patel | ) www.reuters.com time to read: +2 min

NEW DELHI, Oct 19 (Reuters) - India's opposition Congress party on Wednesday declared veteran leader Mallikarjun Kharge its new chief, the first person from outside the influential Nehru-Gandhi family to hold the beleaguered party's presidency in 24 years. Kharge, an 80-year-old from the lowest rung of India's caste system, is seen as a Gandhi family loyalist. "This symbolic change of the president is a very powerful moment for the Congress," Sircar said. Rahul Gandhi, speaking shortly before the party election result was announced, told reporters the new leader would call the shots. "The Congress president is the supreme authority in the Congress party ... Every member reports to them."

☆ The Gandhis: from 'Kennedys of India' to the political wilderness
▼ + stars: | 2022-10-19 | by ( Rhea Mogul | ) edition.cnn.com time to read: +10 min

“The Gandhis today are completely dwarfed and overshadowed by Narendra Modi,” said New Delhi-based political commentator Arati R. Jerath. Bettmann Archive/Getty imagesShe was elected prime minister from 1966 to 1977, and again in 1980. But with the ascendance of a new wave of right-wing politics, their party now lurks in the political wilderness, analysts say. Prime Minister Narendra Modi gives a victory speech after winning India's general election, in New Delhi on May 23, 2019. But it seems unlikely he will ever become prime minister of the country, like his father, grandmother and great-grandfather before him.

BALLARI, India, Oct 17 (Reuters) - Members of India's opposition Congress party voted on Monday to elect its first head in nearly 25 years from outside the Nehru-Gandhi dynasty of leaders, with a veteran loyal to the family expected to win. "We are strongly supporting Kharge and expect he will get 80% to 90% of the votes of party delegates," Ajay Kumar Lallu, a Congress delegate from the most populous state of Uttar Pradesh, told Reuters. "Kharge represents the ideology of the party, has the support of the senior leadership, and is likely to work by taking along party workers," Lallu added. He was speaking as Congress's Bharat Jodo Yatra, or march to unite India, arrived in the district of Ballari in the southern state of Karnataka. Kharge has said he was seeking the "support of the delegates to strengthen Congress for a better India".

☆ India's main opposition stages rally to mark 1,000 km of its protest march
▼ + stars: | 2022-10-15 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

BALLARI,India, Oct 15 (Reuters) - India's main opposition Congress party held a huge public rally in the southern Indian state of Karnataka on Saturday, accusing the government of not doing enough to contain inflation and create promised jobs for young people. Tens of thousands of people came to the public meeting, organised to mark 1,000 km (620 miles) of the party's five-month-long protest march named Bharat Jodo Yatra or Unite India rally. Register now for FREE unlimited access to Reuters.com Register"The Prime Minister used to complain an LPG (cooking gas) cylinder cost 400 rupees. "I hope the Congress can still come back, at least in the state of Karnataka," he said, referring to elections next year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Manoj Kumar; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

☆ India’s Congress Party Ruled for Decades—Now It’s on Life Support
▼ + stars: | 2022-10-14 | by ( Rajesh Roy | Shan Li | ) www.wsj.com time to read: 1 min

GUWAHATI, India—One of the most powerful political figures in the northeastern state of Assam spent two decades rising through the ranks of the Indian National Congress. But now Himanta Biswa Sarma governs his home state as a member of the ruling Bharatiya Janata Party. Mr. Sarma says he left Congress after losing faith in the party’s direction under Rahul Gandhi , the scion of the country’s once powerful political dynasty. In the seven years since he left, Mr. Sarma has ascended to the state’s top job—the role of chief minister—and has helped the BJP gain control of the state.

☆ India's Congress party likely to get first non-Gandhi chief in 25 years
▼ + stars: | 2022-09-26 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

A supporter waves a flag of India's main opposition Congress party at a massive rally organised by the party against inflation, at Ramlila Ground, in New Delhi, India, September 4, 2022. REUTERS/Anushree FadnavisNEW DELHI, Sept 26 (Reuters) - India's main opposition Congress party is likely to elect a new party president from outside the Nehru-Gandhi dynasty for the first time in nearly 25 years, as it looks for a reset ahead of the next election to compete with Prime Minister Narendra Modi. Many senior Congress leaders have quit to form their own party or to join the BJP, blaming the weak Congress leadership of Rahul Gandhi, the son of ailing party president Sonia Gandhi, who took charge temporarily in 2019. Sonia Gandhi, the widow of former Prime Minister Rajiv Gandhi, led the party uninterrupted for nearly two decades until 2017. Rahul Gandhi, who took over from her but resigned in 2019 following the drubbing by Modi's party, has declined to stand in the party election.

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