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☆ India's October iron ore exports 'nearly zero' - mining body official
▼ + stars: | 2022-11-03 | by ( Neha Arora | ) www.reuters.com time to read: +2 min

He said Beijing's strict COVID-19 curbs would also impact India's iron ore shipments. China's steel production could fall in winter, dampening the demand for iron ore, Sharma said. Low-grade ores comprised 92% of India's total iron ore exports. India's iron ore exports during the first five months of the current fiscal year that began in April totalled 6.97 million tonnes, a three-year low, data compiled by FIMI showed. Local iron ore prices in India have dropped, partly due to lower demand, said a spokesperson for state-run miner NMDC Ltd.

☆ Farm fires big culprit as Delhi air quality worsens
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Nov 1 (Reuters) - The share of farm fires affecting Delhi's pollution has surged to more than 20% since the weekend, higher than the levels a year ago, government data showed on Tuesday as the Indian capital's air quality turned "severe" at many places. Delhi on Sunday suspended most construction and demolition activities, predicting a worsening of its air quality from Tuesday because of calmer winds and other meteorological conditions. Smoke from farm fires contributed to up to 26% of the tiny PM 2.5 lung-damaging pollutants in the city's air - the highest in the past two years during the period of mid-October to early November, according to data from the Ministry of Earth Science. Delhi's air quality index crossed the "severe" level of 400 at most of its monitoring stations on Tuesday as visibility dropped. "You don't need to add any filter on Instagram for Delhi sky photos.

☆ Britain prioritising India trade deal but can't give timeline, minister says
▼ + stars: | 2022-10-29 | by ( Krishna N. Das | ) www.reuters.com time to read: +2 min

[1/3] British Foreign Secretary James Cleverly speaks during an interview with Reuters at the residence of British High Commissioner in New Delhi, India, October 29, 2022. And it's incredibly important that we remember that an extensive free trade agreement like the one we're negotiating, it's never going to be simple, but it's an incredibly important vehicle to build on our already strong relationship and to make it really future-focused." Previous sticking points included a steep import duty on British whiskey for sale in India. India and Russia have close defence ties and India has become a big buyer of Russian oil since the Ukraine war started. "I don't think it would be right for me as a British politician to dictate policy to another country," he said.

☆ Delhi residents defy Diwali firecracker ban, pollution spikes
▼ + stars: | 2022-10-24 | by ( Krishna N. Das | ) www.reuters.com time to read: +2 min

NEW DELHI, Oct 24 (Reuters) - Many residents of New Delhi defied a firecracker ban on Diwali on Monday as political parties traded blame on who was responsible for the Indian capital's foul air. Delhi Chief Minister Arvind Kejriwal's government said last week that people who let off firecrackers during Diwali would face up to six months in jail, under a broader ban introduced to help combat extreme winter pollution. "Kejriwal's minister had threatened to put those burning firecrackers in jail," said Amit Malviya, who runs the BJP's national information and technology department, posting a video of firecrackers lighting up the Delhi night sky. Earlier in the day, Kejriwal posted two graphics on Twitter showing that Delhi's air quality had improved in the last three years. Register now for FREE unlimited access to Reuters.com RegisterEditing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Last month, the Food and Agriculture Organization's global rice price index rose 2.2% to hit an 18-month high. "The international market has gone up and it will go up further," said Nitin Gupta, vice president for Olam India's rice business. Reuters GraphicsVietnam's unmilled rice output is forecast to hold flat to last year's 43 million tonnes, according to government data. Neighbouring Thailand is aiming to export 7.5 million tonnes this year, up about 7% from its previous target of 7 million tonnes, said Anucha Burapachaisri, a government spokesman. Meanwhile, Pakistan cannot capitalise on India's export curbs after severe flooding ravaged its crop.

☆ 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.

The Group of Seven richest economies (G7) has been trying to enforce a price-capping mechanism on Russian oil exports by Dec. 5, when European Union sanctions banning seaborne imports of Russian crude come into force. Moscow has said it would not supply oil to any country that agrees to the price cap. The price cap plan calls for G7 countries to deny insurance, finance, brokering, navigation and other services to oil cargoes priced above a yet-to-be-determined price cap on crude and oil products. "We get Russian oil on a delivered basis, let the contours of the price cap mechanism be finalised. Another source said a halt of Russian oil purchases by India will create a 'huge energy imbalance', which will not be affordable to some economies.

☆ India festival spending booms despite inflation worries, global slowdown
▼ + stars: | 2022-10-14 | by ( Manoj Kumar | ) www.reuters.com time to read: +7 min

The sales would include nearly $15.2 billion offline sales, compared to about $8.5 billion in 2019, according to the Confederation of All India Traders (CAIT). read moreBut economists said the sense in India was that inflation has peaked while economic activity was picking up. The bump in consumer demand is expected to support economic growth of around 6.5% in the fiscal year ending March 2023, the highest among the world's major economies. Credit demand increases Credit demand increasesThe retail boom is also a boon for the government - goods and services tax collections, a barometer of consumer demand, rose 26% year-on-year in September, data showed. "After two consecutive downbeat festive seasons, consumer sentiment and spending appear to have rebounded this year... which may boost economic growth in the current quarter, but may not sustain thereafter."

☆ India's military relationship with Russia isn't going away — it'll 'endure for decades,' analyst says
▼ + stars: | 2022-09-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Russian President Vladimir Putin with Indian Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organization leaders' summit in Samarkand on Sept. 16, 2022. Alexandr Demyanchuk | Afp | Getty ImagesIndian Prime Minister Narendra Modi may have publicly rebuked Russian President Vladimir Putin over the war in Ukraine, but the longstanding friendship between the two countries isn't going away, analysts said. Russian Foreign Minister Sergey Lavrov, for his part, claimed that Russia and India were "friends," a month after Ukraine was invaded. But despite India's apparent change in stance over the war, India still needs Russia, analysts told CNBC. "Russia remains India's most important [military] partner," he added.

India's foreign minister followed up last week at the U.N. Security Council, describing the trajectory of the Ukraine war as "very concerning" and the risk of a nuclear escalation as of "particular anxiety". Moreover, India is worried the war is pushing Russia closer to China, which has fraught relations with New Delhi, the analysts said. "This is countering a narrative that India and China are both doing the same thing – that China is supporting Russia and India, by sitting on the fence, is also supporting Russia," Raghavan told Reuters. India and Russia have had deep relations for decades: Russia accounted for $5.51 billion of the $12.4 billion that India spent between 2018 and 2021 on arms imports. "As the Ukraine conflict continues to rage, we are often asked whose side are we on," he said, again without mentioning Russia.

☆ 'India has a big role to play': New Delhi is trying to turn the country into a chip powerhouse
▼ + stars: | 2022-09-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Foundries are facilities that manufacture chips that other companies design. So there aren't many giant Indian chip firms and certainly no leading-edge manufacturing companies. "I have no doubt that India has a big role to play," Kotasthane said. Semiconductor design requires large numbers of skilled engineers and this is where India's strength lies," he added. So now, the next step is the effort to build an ecosystem where there is some Indian IP (intellectual property) by Indian companies," Kotasthane said.

NavIC (Navigation with Indian Constellation) and GPS (Global Positioning System) logos are seen in this illustration taken, September 25, 2022. In line with Prime Minister Narendra Modi's drive for self-reliance, India has over the years expanded the use of its regional navigation satellite system called NavIC (Navigation with Indian Constellation). Global Positioning System (GPS), and says NavIC provides more accurate domestic navigation and that its use would benefit the economy. India's IT ministry and the space agency ISRO that are both involved in the project also did not respond. India would not be the first country to push smartphone makers to add support for a native navigation system.

☆ U.S. welcomes Modi telling Putin now is 'not an era of war'
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

U.S. President Joe Biden and India's Prime Minister Narendra Modi hold a bilateral meeting alongside the Quad Summit at Kantei Palace in Tokyo, Japan, May 24, 2022. REUTERS/Jonathan Ernst/File PhotoNEW DELHI, Sept 21 (Reuters) - The United States has welcomed Indian Prime Minister Narendra Modi's comment to Russian President Vladimir Putin that now was not the time for war, New Delhi's sharpest public response to Russia's invasion of Ukraine. Modi had spoken regularly to Putin since the war began in February, seeking dialogue and peace talks, but without publicly condemning the war. On the sidelines of a conference in Uzbekistan on Friday, Modi had told Putin, "Today's era is not an era of war, and I have spoken to you on the phone about this," and added that democracy, diplomacy and dialogue kept the world together. Register now for FREE unlimited access to Reuters.com RegisterReporting by Krishna N. Das; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

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