India’s Coal Industry Moves Towards Privatization Amidst Trade Union Protests
In an effort to improve the rate of coal production, the Indian government on Monday approved a decree that will denationalize its coal mining industry and open it up to privatization, but the country’s trade unions have promised to strongly oppose the move.
Modi to Meet Zuckerberg to Boost Indian Internet Connectivity
Facebook founder and CEO Mark Zuckerberg will today wind up his two day visit to India with a meeting with Narendra Modi. Mr Zuckerberg is in New Delhi to address the first two-day long summit on “internet.org”, his ambitious project to bring connectivity to the world’s billions who live without.
The Indian Super League: Destined for Economic Success, or Doomed to Fail?
Next weekend, India will launch the inaugural season of its Indian Super League (ISL). Having attracted a number of high-profile foreign players, there is a great deal of optimism surrounding the competition and its ability to attract investment, but its viability as a business model is by no means assured.
Electronics Industry Set for Investment as Part of “Make in India” Campaign
India’s Communications and Information Technology Minister recently addressed German electronics companies to advance Narendra Modi’s “Make in India” policy. Domestic use of energy and electronic products has dramatically increased, and developing India’s electronic industry has been identified as a key goal for continued growth.
Coal India’s Breakup: Modi’s Trump Card?
According to government sources, Narendra Modi’s administration is currently on track to sell a 10 percent stake of Coal India Ltd. (CIL) in a landmark public offering later this year.
India Becomes Second Largest Textile Exporter
Overtaking Germany and Italy last year, India has emerged as the world’s second largest textile exporter behind China.
Indian Banking Sector to Release New Guidelines on Banking Licenses
RBI will soon introduce a new set of guidelines for differentiated banks and invite applications for banking licences.
Reforming India’s Troubled Banking Sector
In a speech last week, Raghuram Rajan, Governor of the Reserve Bank of India, identified and discussed various structural problems that exist under the status quo, and described the Indian banking sector as on “the cusp of revolutionary change.”