IPA Staff
16626 stories by IPA Staff
Housing Finance Companies Propose Higher Guarantee Cover For Affordable Home Loans
MUMBAI: Housing finance companies (HFCs) have proposed to the government to revamp the Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) and increase guarantee cover for home loans up to ₹25 lakh from the current ₹5 lakh, two people aware of the development said. HFCs have sought...
RBI Draft Proposals On Aligning Businesses May Impact Private Banks
MUMBAI: The Reserve Bank of India’s (RBI’s) draft proposals to align businesses of banks and their non-bank subsidiaries is likely to have an impact on major private sector banks, including HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Federal Bank, according to Jeffries analysts. The RBI last week released...
India, Maldives Strengthen Ties; Inaugurate New Runway, RuPay Card
NEW DELHI: The inauguration of a new runaway in the Maldives built under an airport redevelopment project assisted by India and the official launch of the RuPay card in the island nation on Monday are aimed at boosting economic ties and tourism cooperation between the two countries. Prime Minister...
India To Establish 100 Food Testing Labs
NEW DELHI: Union Food Processing Minister Chirag Paswan on Monday said the government will build 100 food testing labs and 50 food irradiation centres as part of its efforts to boost processing levels and ensure quality. The minister asked the industry not to compromise on the quality of products...
India’s Domestic Air Passenger Traffic To Touch 300 Million By 2030: Naidu
NEW DELHI: India’s domestic air passenger traffic is projected to touch 300 million by 2030 and about USD 11 billion is being spent to develop airports, Civil Aviation Minister K Rammohan Naidu said on Monday. The minister also said India and France can work together to develop a robust...
Automobile Sales In India Drop 9 Per Cent Amid Sluggish Demand: FADA
NEW DELHI: Automobile retail sales in India declined 9 per cent year-on-year in September amid a massive buildup of passenger vehicle inventory due to sluggish demand, dealer’s body FADA said on Monday, urging original equipment manufacturers to take corrective steps. The overall registrations declined to 17,23,330 units last month...
Zhejiang International Trade Exhibition Kicks Off In Delhi
NEW DELHI: The 2024 Zhejiang International Trade (India) Exhibition commenced on October 5 at the Pragati Maidan Convention and Exhibition Center in New Delhi. Running until October 7, the event is headlined by the 39th MEDICALL exhibition, widely regarded as the premier medical trade show in India and South...
One Year After October 7, Israel Has Expanded Its Aggression To A Regional War
By Nitya Chakraborty Monday October 7 2024 marks the completion of one year of the Israel-Palestine war which started with the brutal attack on the citizens of Israel by the militant Palestine group Hamas and the more severe retaliation by the Israel Defence Forces (IDF) and the complete annexation...
India’s Rice Production This Year May Hit A New Record
By Nantoo Banerjee The government’s latest policy to allow the export of non-basmati white rice could not have come at a more appropriate time as farmers are getting ready to harvest the country’s most important autumn crop, rice. In the absence of proper storage facilities in the country, the...
Peaceful Polls In Jammu & Kashmir Is A Great Feat Of Indian Democracy
By Kalyani Shankar The Union Territory of Jammu & Kashmir conducted its first assembly elections in a decade. It showcased the peaceful embrace of democracy by its people last week after decades of militancy. These polls were held after the bifurcation of Jammu, Kashmir, and Ladakh on August 5,...
EAM S Jaishankar Is Going To Islamabad But Won’t Talk Bilateral Matters
By Sushil Kutty S Jaishankar’s tenure so far as External Affairs Minister reminds many of us of our fears and failure to do something with our lives. Imagine a Foreign Minister of India and he hasn’t done anything of import to solve the India-Pakistan jigsaw. Under Prime Minister Narendra...
Coming Months Will Be Politically Very Tough For Modi-Shad Duo
By Dr. Gyan Pathak Electoral battles in J&K and Haryana had been really tough for Prime Minister Narendra Modi and Union Minister of Home Amit Shah and the BJP, but the coming months will be politically even more challenging for them in another three sates – Maharashtra, Jharkhand and...
West Asia Is Witnessing A Human Tragedy Of Worst Order In 21st Century
By Asad Mirza The past one year has shown once again that the global community is least bothered by the human dimension, i.e. the loss of human lives of any military conflict. Further the greed to earn huge profits by arms industry is also overlooked, as it supports the...
Nominated MLAs In UT Is Nothing New, It Is Congress Legacy Dating Back To 1963
By Sant Kumar Sharma Senior Congress leader Ravinder Sharma, a lawyer by training, and a politician by choice, has strongly criticised the powers given to Lieutenant Governor Manoj Sinha to nominate five MLAs in Jammu & Kashmir. This will effectively raise the numbers in the legislature to 95 as...
Kerala CM Clips Wings Of Controversial ADGP Ajit Kumar
By P. Sreekumaran THIRUVANANTHAPURAM: Kerala Chief Minister Pinarayi Vijayan’s decision to remove the controversial Additional Director General of Police (ADGP), Law and Order, M. R. Ajit Kumar from the top law enforcement post has taken the wind out of the sails of both the Opposition and Nilambur MLA PV...
RBI May Hit Pause Button On Interest Rates Again
MUMBAI: The Reserve Bank of India (RBI) is seen keeping interest rates unchanged this week as the central bank’s Monetary Policy Committee (MPC) is likely to assess the durability of recent declines in inflation while keeping a wary eye on escalating tensions in West Asia, which pose risks to...
Private Sector Capex Likely To Improve Among Rising Biz Confidence: CII
NEW DELHI: Private capital expenditure by India Inc. is likely to increase amid improving domestic demand despite a weak external environment and rising shipping costs, a survey by Confederation of Indian Industry (CII) showed. The survey, conducted with over 200 firms of varying sizes, showed that CII’s Business Confidence...
India Must Liberalise FDI To Be A Developed Nation By 2047: ADB Chief Economist
NEW DELHI: India needs to further liberalise its foreign direct investment (FDI) policy, open up trade and not fear competition to be able to achieve its goal of becoming a developed nation by 2047, Albert Park, chief economist, Asian Development Bank, has said. “I think all the indications are...
