US Says Reforms Stalled, Growth Up
The US Ambassador to India David Mulford voiced concerns of the investment community that the coalition politics has caused a “a pause in the reform process” and warned of “serious economic costs to any loss of momentum on the reform front.”<More>

SAIL Top Dog in Steel
Well executed capacity expansion plans and good earnings growth has propelled public sector utility company Steel Authority of India Ltd (SAIL) to outpace its rivals including private players such as Tata Steel and Hindustan Zinc.<More>

Fastest Mobile Growth as Margins Drop
India raced past the capture the fastest growing mobile market in the world but operators say that the average revenue per user (ARPU) has steadily fallen correlating to steep declines in tariffs because of intense competition and cheaper short-message service.<More>

India Ups CFTC Contribution
Pledging support to “develop institutional capacity among the developing member countries” of the Commonwealth, India promised to increase its contribution to the Commonwealth Fund for Technical Cooperation by £50,000 to £850,000.<More>

Energy Usage Patterns and Social Progress
India estimates that it will consume 70% more energy by 2030 and although it seeks to generate energy through other sources such as nuclear, coal, and renewable sources, about 60% of this will be from oil and natural gas.<More>

Four Ships with Wheat in South
A Ministry of Food note said that four ships are offloading .155 million metric tons (mmt) of wheat at Chennai, Cochin, and Vizag ports out of which 78,380 mt has already been distributed. An additional 6 ships have arrived with .325 mmt of wheat and are being fumigated, quality checked, and berthed.<More>

Indo-US Trade Set to Exceed 2005 Level
Indo-US bilateral trade during January-May 2006 has grown substantially with 23.3% increase in imports and 19% increase in exports totaling USD 12 billion and set to pass last year’s level of USD 26.8 billion (previous year’s level was USD 21.6 billion).<More>

Govt Reduces SGRY Grain Allotment
The Ministry of Rural Development announced that it will allocate lesser amount of food grain for Sampoorna Grameen Rozgar Yojana (SGRY), a food-for-work program, to laborers from 5 kilograms to 3 kilograms because of “limited availability.”<More>

IBSA Trade Rises Dramatically
Calling the India-Brazil-South Africa (IBSA) grouping an “emerging trinity in the new geography of international trade,” United Nations Conference on Trade and Development (UNCTAD) values the intra and inter regional trade close to USD 10 billion for 2007.<More>

Increase in Import of “Sensitive” Items
Ministry of Commerce and Trade says that the total import of “sensitive” items during April-May 2006 has been Rs.2792 crores (USD 606 million) compared to Rs.2524 crore (USD 548 million) last year or an increase of 10.6%.<More>