IPA Staff
16614 stories by IPA Staff
ONGC Likely To List Green Arm In FY26
NEW DELHI: State-run ONGC is likely to come out with an initial public offering (IPO) for its green energy subsidiary ONGC Green Ltd in the next financial year 2025-26, according to the company’s Director (Exploration), Sushma Rawat. “That (IPO for ONGC Green) will not take too long but I...
Oil Ministry Backs Allocating OID Cess For ONGC, OIL To Boost Exploration Efforts
NEW DELHI: The Ministry of Petroleum & Natural Gas (MoPNG) is in favour of allocating a portion of the Oil Industries Development Cess (OID cess) to ONGC and Oil India (OIL), which will help in providing more capital to these companies to enhance exploration & production (E&P) activities. The...
Domestic Steel Industry Faces Market Threats: ICRA Predicts Below 80% Capacity Utilisation In FY2025
Following the post-Covid metals rally, the domestic steel industry was able to achieve the impossible trinity of maintaining above 80% capacity utilisation rates, a strong investment pipeline, and comfortable leverage levels for three years back-to-back between FY2022 and FY2024. However, according to ICRA’s latest note on the steel sector,...
Ministry Of Steel Leads The Way With India’s First Green Steel Framework
NEW DELHI: In a landmark move, India has taken a decisive step towards decarbonising its steel sector with the release of the Green Steel Taxonomy, unveiled by Union Minister of Steel and Heavy Industries, Shri H.D. Kumaraswamy, at Vigyan Bhavan. This initiative aligns with the nation’s commitment to achieving...
India’s $6 Billion Submarine Building Plan Stalls After Sea Tests
India’s $6 billion plan to build submarines has stalled because of contractor complaints over whether proper procedures were followed during tests at sea, delaying the navy’s efforts to bolster its capabilities as China expands its presence in the Indian Ocean. The bid to build six conventional diesel-electric subs is...
Halt Order On Places Of Worship Act Kindles Hope For Survival Of Secularism
By Dr. Gyan Pathak Halt all fresh suits, proceedings, and orders in relation to the Places of Worship (Special Provisions) Act 1991, ordered a three-judge bench of the Supreme Court of India on December 12, implications of which will be far reaching since it would transcend beyond the legal...
JD(U) Demands Bharat Ratna For Nitish Kumar, BJP Sees Opportunity
By Rahil Nora Chopra With the Bihar Assembly elections scheduled to be held next year in the month of October-November, JD(U) has reiterated its demand for awarding Bharat Ratna to Bihar Chief Minister Nitish Kumar saying he deserves the highest honour. Earlier in October 2024, the party had put...
Alternative Global Currency Replacing U.S. Dollar Is Still Far Away
By Prabhat Patnaik Liberal opinion holds that the international monetary and financial system is a device for promoting the interests of all participating countries by providing a convenient payments arrangement within which trade can be carried on. The reality however is altogether different: the international system is founded upon...
Unredeeming Tale Of Political Bias Against Kerala
By P. Sreekumaran THIRUVANANTHAPURAM: There is absolutely no let-up in the Union Government’s attempts to deny funds Kerala is entitled to despite judicial raps. The latest instance relates to the Centre’ denial of funds meant for the education of differently abled. It is yet to release two instalments amounting...
Rival Romanian Parties Form Coalition Government To Shut Out The Far Right
By Satyaki Chakraborty The East European nation Romania is in a big political turmoil following the postponement of the final round of the Presidential elections and also the holding of the national elections n December 1. Rival political parties in Romania agreed on December 12 to form a majority...
China’s Deployment Of Security Forces In Myanmar Poses A Challenge To India Also
By Arun Kumar Shrivastav The recent news of China deploying private security companies to protect its infrastructure and other projects in Myanmar is alarming. Myanmar has been embroiled in a civil war since the 2021 coup, creating a politically volatile environment. The entry of Chinese nationals as security guards...
Kwame Nkrumah’s Ideological Successors Win Ghana’s National Polls
By Dennis Laumann NEW YORK: Voters in the West African nation of Ghana repudiated the right-wing government of President Nana Akufo-Addo with a historic, massive win for the opposition National Democratic Congress (NDC) in elections on December 7 . The NDC’s candidate, former President John Mahama, resolutely defeated Mahamudu...
November Retail Inflation Eases To 5.48%; Industrial Output Grows 3.5% In October
NEW DELHI: With the slowdown in food prices and a high base, which is favourable, India’s retail inflation rate, based on the consumer price index (CPI), fell within the Reserve Bank of India’s (RBI’s) tolerance band at 5.48 per cent in November, from a 14-month high of 6.21 per...
Bleak Urban Demand To Weigh On FMCG In 2025
MUMBAI: The coming year is looking tough for India’s consumer goods companies. The urban middle class – key to driving sales volumes for mass brands – is not spending enough and rising commodity inflation means that firms may find it difficult to curb further price hikes, hurting consumption even...
Centre Seeks Parliament Nod For Net Extra Spend Of Rs 44,143-Crore
NEW DELHI: The Centre on Thursday sought Parliament approval for net additional expenditure of Rs 44,143 crore for the current fiscal, out of gross additional spending of Rs 87,763 crore in the first batch of supplementary demand for grants. The bulk of the additional spending is due to likely...
Investment Rate To Rise To Mid-30s In Five Years: CEA Anantha Nageswaran
NEW DELHI: Expressing optimism that private sector investment will continue to rise, chief economic adviser V Anantha Nageswaran on Thursday said the gross fixed capital formation (GFCF) rate may rise from 30.8% now to mid-30s, aiding India to grow at a sustainable rate when the world is going to...
Bank Deposits Went Up In Line With Credit Growth In Year To November
KOLKATA: Banks’ deposit mobilisation from the public increased 10.6% between November 2023 and November 2024, in tandem with credit growth, latest Reserve Bank of India (RBI) data showed. Term deposits and demand deposits also clocked double-digit growth in the same period. This is a result of banks’ relentless effort...
Israel Should Not Be Allowed To Use Syria As A Theatre For Its Power Game
By P. Sudhir The rapid advance of Hayat Tahrir al-Sham and other armed factions led to the fall of Bashar al- Assad’s government in Syria. With this, the US has succeeded in toppling the last of the secular regimes in West Asia. US military interventions resulted not only in...
