IPA Staff
16614 stories by IPA Staff
RBI’s Directors Cut: NBFCs Told To Oust PE, VC Observers
MUMBAI: Private equity and venture capital funds can no longer enjoy ‘power without responsibility’ in non-banking finance companies (NBFCs) where they own equity stakes. These institutional investors often place ‘observers’ in NBFCs where they acquire stakes instead of nominating ‘directors’ on the boards of the investee companies. This is...
Govt Likely To Offer 35% Subsidy For Goods Transport On Inland Waterways
NEW DELHI: In an effort to boost transportation of goods by rivers, which accounts for only 2 per cent of India’s total freight movement, the government is likely to offer subsidies to cargo owners for goods transportation via inland waterways for three years. The proposed move, where there will...
Why Prime Minister Narendra Modi Is Having Comfort Level With His Diplomacy Now?
By Nitya Chakraborty As the year 2024 is ending and India is on the threshold of beginning a New Year 2025, Prime Minister Narendra Modi and his senior officials in both PMO and the external affairs ministry are relaxed and looking for positive developments in the coming year for...
CJI Recusal Amounts To Running Away From Crucial Judicial Leadership Role
By K Raveendran Impartiality in decision-making is regarded as the cornerstone of a fair and just legal system. Judges are expected to set aside personal beliefs, biases, and prejudices in order to apply the law objectively, ensuring that their decisions are based solely on the facts presented before them....
Macron Pulls A Diplomatic Coup By Inviting President Elect Donald Trump To Paris
By Anjan Roy It was symbolic of France. Victor Hugo’s story of Hunchback of Notre Dame, in which the hunchback swings on the great bells of the eponymous cathedral to send its sounds through the City of Lights, Paris. Now, five years after it was mostly destroyed by a...
New Wave Of Farmers’ Protests To Have Grave Implications
By Dr. Gyan Pathak The new wave of farmers’ protests in India have now prompted the Vice-President of India Jagdeep Dhankhar to rebuke the Centre led by PM Narendra Modi cautioning him against taking it lightly, saying that a nation that tested the patience of farmers paid a heavy...
RSS Chief Mohan Bhagwat’s Call For More Hindu Children Lacks Clarity
By Arun Srivastava RSS chief Mohan Bhagwat’s call for begetting more child has abominably exposed his lack of moral conviction and monotheist demeanour. Any narrative ought to have a strong and tenable logical base. Else, it would be treated not more than a trash. Like all his previous sermons,...
Devendra Fadnavis Is Once More The Maharashtra Chief Minister
By Sushil Kutty The turnstiles opened for Devendra Fadnavis this time and Eknath Shinde couldn’t get through to the top post. The BJP’s central observers placed their faith in Prime Minister Narendra Modi’s “param mitra Devendra”, who will be a third-time Chief Minister of Maharashtra and Union Finance Minister...
Bank Credit Growth Slows To 11% From Over 20% In Last Year
MUMBAI: Bank credit growth has slowed to 11.1% as of Nov 15, 2024 compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% versus 16.2% in 2023. There has also been a slowdown in deposit growth, albeit to a lesser extent....
Rajya Sabha Passes Bill To Boost Investment In Oil And Gas Exploration
NEW DELHI: The Rajya Sabha on Tuesday passed a bill that aims to delink petroleum operations from mining, clarify the grant and extension of petroleum leases and create a new dispute resolution mechanism for the exploration and production sector. Passed by a voice vote in the upper House, the...
Bill To Push Banking Reforms, Strengthen Governance Gets Lok Sabha Nod
NEW DELHI: The Lok Sabha approved the Banking Laws (Amendment) Bill, 2024, on Tuesday. It was tabled in the House by Union Finance Minister Nirmala Sitharaman. The Bill proposes 19 amendments to banking laws, including the Reserve Bank of India Act, Banking Regulation (BR) Act, and Banking Companies (Acquisition...
Higher GST On Sin Goods To Offset Losses From Insurance
NEW DELHI: An increase in goods and services tax (GST) on several items and a special levy of 35% on “sin goods” like cigarettes, as proposed by a group of ministers (GoM) formed by the GST Council, are expected to help partially offset revenue shortfalls due to abolition of...
Reality Check For Capital Expenditure Target
NEW DELHI: The Centre is unlikely to go for a big increase in its capital expenditure target for the next fiscal year. “It will certainly not be lower than the current year’s Rs 11.11 lakh crore, but how much increase is a debatable point,” an official said, adding that...
Petroleum Product Exports Slip 12 Per Cent In November
NEW DELHI: India’s exports of petroleum products in November declined by 12% year-on-year to 1.29 million barrels per day, driven by a significant fall in the supply to Europe, according to data provided by energy cargo tracking firm Vortexa. The decline was 3% compared to the previous month. India...
Iron Ore Likely To Be Under Pressure On Weak Chinese Property Sector
CHENNAI: Iron ore prices will likely be under continued downward pressure that could extend to 2026 due to weak demand stemming from a subdued outlook for China amid its sluggish property sector, analysts have said. This is despite iron ore prices rising to over $105 a tonne currently on...
Indian Steel Mills Feel Crunch From Cheap Chinese Imports
India’s construction boom with its gleaming highrises and multilane highways was supposed to drive up domestic steel sales, but Jogindra Group’s mills in northern Punjab state are filled with unsold inventory. A flood of cheap Chinese steel has pushed India’s smaller mills to scale down operations and consider job...
SU-30 Upgrade To Naval Crafts: DAC Clears Rs 21,772 Crore Defence Proposals
Five capital acquisition proposals amounting to over Rs 21,772 crore were accorded Acceptance of Necessity (AoN) by the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Tuesday, the Ministry of Defence (MoD) said in an official release. Approvals include ships for the Indian Navy, helicopters for...
Japanese Firms Keen To Set Up Semiconductor Units In India: Deloitte
NEW DELHI: Japanese firms are keen to set up semiconductor units in India and they have all the expertise and specialisation to partner with domestic firms, Deloitte has said. It also said that skilled workforce, funds and continuation of support measures are key to push growth of the semiconductor...
