IPA Staff
16614 stories by IPA Staff
Supreme Court Has Opened A Pandora’s Box Through Its Ayodhya Verdict
By Rashika Bodh On November 25, 2024, the Supreme Court of India upheld the inclusion of the words ‘socialist’ and ‘secular’ in the Preamble of the Constitution. The court, while dismissing a batch of petitions in its seven-page Order, observed, “In 1949, the term ‘secular’ was considered imprecise, as...
Exposure Of Bolsonaro’s Plot To Kill President Lula Shows The Fascist Nature Of Far Right
By Olavo Passos de Souza NEW YORK: Last week, two major events dominated Brazilian public discourse: the G20 summit, and the exposure of an assassination plot that targeted the country’s president, LuizInácio Lula da Silva. Taking place from November 18 to 19 in Rio de Janeiro, the latest summit...
Inflation Keeps RBI Rate Cuts On Hold Until February 2025, Shows Poll
BENGALURU: The Reserve Bank of India (RBI) is likely to hold steady on interest rates during its December 6 meeting. Rising consumer inflation has prompted many economists to push their predictions for the next rate cut back to February, according to a recent Reuters poll. Annual retail inflation in...
Corporates Increase Hedging As Shield Against Rate Volatility
MUMBAI: A host of companies are aggressively hedging in the interest rate derivatives market to help shield themselves against volatility in interest rates. The companies, which are locking in current rates in the overnight indexed swap (OIS) market, include Reliance Industries, Adani Enterprises, National Bank for Financing Infrastructure and...
India’s Gig Economy May Add 90 Million Jobs, Contribute 1.25% To GDP
BENGALURU: The gig economy market is expected to grow at a compounded annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by 2024, according to a white paper by the Forum for Progressive Gig Workers. Its contribution to India’s gross domestic product...
Deposit Growth Slightly Outpaces Credit Growth At 11.21%: RBI Data
MUMBAI: Credit growth in the fortnight ending November 15 slowed to 11.15 per cent year-on-year (Y-o-Y), while deposit growth slightly outpaced credit growth, reaching 11.21 per cent Y-o-Y, according to the latest data from the Reserve Bank of India (RBI). Data shows that outstanding deposits in the fortnight ending...
December GST Meet To Consider Inclusion Of Natural Gas
NEW DELHI: The Union finance ministry has received a proposal from the petroleum ministry for inclusion of natural gas under the ambit of the Goods and Services Tax (GST), and will likely take it to the GST Council as it meets in Rajasthan’s Jaisalmer on December 21. The GST...
India Actively Engaged With 30 Nations For Mutual Recognition Agreements: CBIC Chairman
NEW DELHI: Central Board of Indirect Taxes and Customs chairman Sanjay Kumar Agarwal on Thursday said India is actively pursuing negotiation for signing of mutual recognition agreements (MRAs) with customs authorities of about 30 countries. Mutual recognition agreements help ease overseas trade by avoiding dual certifications. It thus reduces...
Generative AI Will Enhance Effectiveness Of Tax Functions: Report
NEW DELHI: Most of the CFOs as well as finance and tax leaders in India believe generative AI (GenAI) will significantly enhance the effectiveness of their tax functions, said a study on Thursday. Globally, 87 per cent of leaders echo this sentiment, underscoring GenAI’s potential to revolutionize tax functions...
Government Collects Rs 1.44 Lakh Crore In Toll Tax Since 2000
NEW DELHI: The government has collected Rs 1.44 lakh crore as toll tax at fee plazas presently operational under Public Private Partnerships (PPP) model on National Highways since December 2000, Parliament was informed on Thursday. In a written reply to a question in the Lok Sabha, road transport and...
IT Hiring Expected To Grow By 10-12 Per Cent In Next Six Months: Report
MUMBAI: IT services hiring is expected to grow 10-12 per cent in the next six months following rapid evolution of technology which is reshaping industries and economies worldwide, a report said on Wednesday. Emerging technologies such as Generative AI, Deep Tech, and Quantum Computing emerge are set to create...
The Rise And Rise Of Another Dynast Priyanka Gandhi Vadra In Indian Politics
By Sushil Kutty Another Nehru-Gandhi made her presence felt in the Lower House of the Indian Parliament on November 28. — Priyanka Gandhi Vadra, with her mother Sonia Gandhi and her brother Rahul Gandhi, also Members of Parliament, she makes up the Gandhi trio, a rare constellation, except that...
Sambhal Events Underline That Supreme Court Must Uphold Sanctity Of Places Of Worship Act
By P Sudhir The recent events in Sambhal and the deaths of five young Muslim men underline the importance of the Places of Worship (Special Provisions) Act, l991 enacted by Parliament in that year. This legislation prohibits “conversion of any place of worship” (Section 3) and provides for “the...
COP29 Agreement Has Left Many Gaps In The Final Agreement Needing To Be Tackled
By Dr. Gyan Pathak The UN Climate Conference (COP29), world’s largest climate conference that brought together nearly 200 countries in Baku, Azerbaijan, wrapped up with a hard-fought agreement on climate finance but uncertainties over the climate crisis mitigation still looms large. Tripling finance to developing countries from $100 billion...
Mamata Overrules Abhishek Plan On TMC Revamping Through ‘New Wave’
By Tirthankar Mitra KOLKATA: Buoyed by a clean sweep in the November 13 by-elections to six assembly constituencies, Trinamool Congress supremo Mamata Banerjee has reposed faith on veteran leaders. It puts on ice for the time being, the party’s unofficial number two, chief minister Banerjee’s nephew, Abhishek Banerjee’s rejig...
Increasing Share Of Unpaid Workers Among Labour Force Is Ominous
By Krishna Jha Indian economy, which is passing through one of its worst phases in history, seems set to get another major hit in the coming days. The rating agency Crisil has said the GDP growth is likely to fall to 6.8 per cent in FY25 from 8.2 per...
Lessons Of Bhopal Gas Tragedy Should Have Been A Part Of Our Constitutional Ethos
By Navsharan Singh On this Constitution Day November 26 how do we reflect on the world’s worst industrial disaster in Union Carbide, Bhopal as we approach the 40th anniversary of this carnage on December 2 and 3? It is a tragedy every Indian is familiar with, but over the...
How Socialist Senator Bernie Sanders Proved Right On His Pre-Poll Views?
By David Moscrop NEW YORK: As the United States — and the world — prepares for another Trump administration, revisiting the question of whether Bernie Sanders could have defeated him in 2016 may seem unproductive. Eight years ago feels like ancient history. Yet reframing the question “Would Sanders have...
