Clara Mary lights an oil lamp in her one-room shack, revealing a 14-inch color television sitting on a blue plastic chair that she hasn’t been able to turn on since the Tamil Nadu government gave it to her three years ago.
India’s Finance Minister Palaniappan Chidambaram won’t seek re-election to the lower house of parliament in elections starting next month as his son will contest for the first time in his constituency.
Eleven Indian regional political parties that formed an alliance nine days ago to contest elections next month showed signs of falling apart, boosting stocks on speculation the main opposition party will benefit.
Indian cuts in its renewable energy ministry’s budget by more than two-thirds risk hindering efforts to shield against blackouts by expanding rooftop solar projects, according to consultant Bridge to India Energy Pvt.
Electricity demand from investors such as Ford Motor Co., Hyundai Motor Co. and Nokia OYJ may boost coal demand in India as Tamil Nadu, the biggest wind power generator in the country, adds new coal-fired units.