IPA Staff
16639 stories by IPA Staff
Markets Rebound: Sensex Jumps 1,098 Points; Nifty Surges To 24,387-Level Amid Rally In Global Peers
MUMBAI: Equity benchmark indices Sensex and Nifty bounced back sharply in early trade on Friday tracking a significant rally in the US and Asian markets along with buying in blue-chips Tata Consultancy Services and Reliance Industries. Rebounding from Thursday’s decline, the 30-share BSE Sensex jumped 1,098.02 points to 79,984.24...
AI-Driven Changes In Workplace Must Respect Worker’s Rights
By Dr. Gyan Pathak The Artificial Intelligence revolution could further widen the gap between high and low-income countries, a new joint report from International Labour Organization (ILO) and the UN Office of the Secretary General’s Envoy on Technology has warned, unless cooperative international action is taken to address uneven...
Manish Sisodia’s Bail From Prison Is A Big Relief For Aam Aadmi Party In Delhi
By Sushil Kutty Manish Sisodia got bail and arrived at his residence on August 9. Sisodia was the Deputy Chief Minister of Delhi. Then, he drew up Delhi’s excise policy. He was arrested and jailed 17 months ago. In fact, people sort of forgot Manish Sisodia as the news...
Supreme Court Judgement On Caste Issue Is Good In Intent But Keeps Some Snags
By D Raja The recent judgement of the Supreme Court has once again re-opened the ever-elusive question of caste and what to do with it. For the most part caste and its affect has been deliberately confined to the social realm as a practice reminiscent of the ancient past...
PM’s Move To Send Waqf (Amendment) Bill To JPC Is A Big Victory For Opposition
By Arun Srivastava Lok Sabha referring the controversial he Waqf (Amendment) Bill, 2024, to a joint parliamentary committee (JPC) on August 8 is the first major defeat of Narendra Modi during his long ten year rule it also underlines that he cannot dictate the parliamentary proceedings suiting his whims...
Narendra Modi Govt Is Pursuing Jobless Growth Strategy Even In Its Third Term
Dr Yugal Rayalu Among many features that are decoded about the government of Prime Minister Narendra Modi, one of the prominent one is rising concern about joblessness. Whole nation is busy discussing the 2024-25 budget presented in the Parliament on July 23. The corporate sectors are fielding learned men...
Maha Assembly Polls: Shiv-Sena (UBT), NCP (SP), Congress To Share Seats
By Rahil Nora Chopra Seat-sharing talks have begun in right earnest with Shiv Sena-UBT chief Uddhav Thackeray conducting separate meetings with Congress president Mallikarjun Kharge and NCP-SP supremo Sharad Pawar. Congress leaders Rahul Gandhi and K C Venugopal were also present during Kharge’s meeting with Thackeray. The MVA alliance...
RBI Sticks To Game Plan, Keeps Rates, Stance Unchanged
MUMBAI: The Reserve Bank of India (RBI) Thursday expectedly kept interest rates and its monetary stance unchanged while making financial stability its evident policy priority, warning lenders about dumping loans on unsuspecting borrowers and thereby raising system-level vulnerability through questionable underwriting. However, India’s economic growth is resilient and the...
Alternative Investments Becoming More Attractive To Retail Customers: RBI
NEW DELHI: Alternative investment avenues are becoming more attractive to retail customers, the Reserve Bank of India (RBI) said while unveiling the monetary policy on Thursday, August 08. This was the 50th meeting of the Monetary Policy Committee (MPC) since its inception in September 2016. “It is observed that...
Economists Expect FY25 Growth To Be Lower Than 7%, On Slower Manufacturing
NEW DELHI: Even as the Reserve Bank of India (RBI) has stuck to its projection of GDP growth of 7.2% for FY25, most economists, who FE spoke to, feel the growth may be well below 7%, largely due to a milder momentum in manufacturing activity. “We maintain that growth...
Insolvency Regulator Issues New Guidelines For Creditor Panels
NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) has issued guidelines to be followed by the Committee of Creditors, which the aims to facilitate timely resolution and maximise the value of the corporate debtor’s assets. Experts say that the guidelines provide guidance to the CoC to prudently...
LIC Looks To Acquire Health Insurance Companies
MUMBAI: LIC plans to take the acquisition route to get into the health insurance business, said MD & CEO Siddhartha Mohanty. During the announcement of the company’s financial results for the first quarter, Mohanty said that the company is looking at an acquisition during the current financial year. “Rather...
GAIL and RRVUNL Partner To Optimise Gas-Based Power Plants, Eyeing 1,000 MW Solar Projects
NEW DELHI: In a significant development, state-run GAIL said on Thursday that it has signed a MoU with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to explore the possibility of transferring RRVUNL’s two gas-based power plants to a proposed joint venture company (JVC). The development assumes significance as gas-based power...
SAIL Q1 Net Plunges Over 60% As Steel Prices Melt On Import Pressure
NEW DELHI: Public sector undertaking Steel Authority of India Ltd (SAIL) reported an over 60% decline in consolidated net profit for the first quarter of financial year 2024-25 to ₹81.78 crore. A company statement attributed decline in profits to fall in domestic sale price of steel due to pressure...
India’s Path To Defence Manufacturing Hub Passes Through Ammunition Market
NEW DELHI: India’s stated aim of becoming a global powerhouse in defence manufacturing can begin with consolidating its position in the ammunition market, says AMMO India 2024, a collaborative report that FICCI and KPMG released on Thursday. The report underscores the opportunities that lie ahead for India’s ammunition industry,...
RBI Retains Growth And Inflation Projections For Current Fiscal At 7.2% And 4.5%
MUMBAI: Reserve Bank on Thursday retained the growth and inflation projection at 7.2 per cent and 4.5 per cent respectively for the current fiscal amid expectations of a normal monsoon. In its last bi-monthly monetary policy review in June, RBI had projected real GDP growth and retail inflation at...
Surge In Top-Up Housing Loans Not System-Wide Issue, Says RBI Governor
MUMBAI: Reserve Bank Governor Shaktikanta Das on Thursday said surge in top-up housing loans is not a system-wide issue but confined to few entities. Briefing media after the announcement of bi-monthly monetary policy review, Das said, “regulatory requirements in top-up housing loans are not being followed by certain entities...
US Role In Post-Hasina Bangladesh Must Be Monitored Closely By Secular Forces
By P. Sudhir The mass revolt against the authoritarian government of Sheikh Hasina Wazed has had a dramatic outcome with the fall of the government and Sheikh Hasina fleeing the country. On Monday (August 5), the `March to Dhaka’ called by the student protestors saw tens of thousands of...
