IPA Staff
16639 stories by IPA Staff
Peoples’ Uprising In Bangladesh Does Not Augur Well For India
By Arun Srivastava What has happened in Bangladesh was inevitable. It is extreme historical irony that Sheikh Hasina had to eventually flee Bangladesh, the country which was literally fathered by her father Sheikh Mujibur Rahman. Hasina, who once helped rescue Bangladesh from military rule and restore the democratic governance,...
Delhi LG Must Not Ignore Council Of Ministers Irrespective Of SC Verdict
By Dr. Gyan Pathak Even though Supreme Court of India has given its verdict that Lieutenant Governor (LG) of Delhi has power to nominate ‘aldermen’ to the Municipal Corporation of Delhi (MCD) under Delhi Municipal Corporation Act, 1957 without aid and advice of the Council of Ministers of Delhi,...
UAE And Thailand Move To Legalize Casino Business In Their Countries
By Arun Kumar Shrivastav The Thailand government is pressing ahead with its plans to legalize land-based casinos within large entertainment venues, a government spokesperson said last month. Prime Minister Srettha Thavisin has reportedly asked the country’s finance ministry to draft a comprehensive bill to provide the legal foundation for...
Venezuelan President Maduro Has To Earn The Trust Of His Latin American Allies
By Satyaki Chakraborty Nine days after the presidential elections in Venezuela held on July 28 in which the incumbent president Nicholas Maduro won defeating the candidate of the national opposition, the far right Edmundo Gonzalez, the political situation in the oil rich South American country is still in turmoil...
Remembering U.S. Dropping First Atom Bomb On Hiroshima On August 6, 1945
By Liz Payne LONDON: The nuclear atrocities committed on the Japanese cities of Hiroshima and Nagasaki on August 6 and 9 1945 took place not by accident but by intent, as the most reactionary forces in the world, led by the US, pursued their goals of domination of the...
Indian Economy Likely To Grow At 7-7.2% In FY25, Says Deloitte
NEW DELHI: India’s economy is expected to grow at 7-7.2 per cent in the current fiscal year driven by robust economic fundamentals and continuity in domestic policy reforms, Deloitte India said on Monday. The August update of Deloitte’s India Economic Outlook said several initiatives in the Union Budget 2024-25...
Services Activity Growth Slows, Yet Remained Solid In July: PMI Data
NEW DELHI: Growth in India’s services sector slowed down a bit in June but remained upbeat, amid new business gains, online offerings and investment in technology, a private business survey revealed. The headline Purchasing Managers’ Index (PMI) figure, released by HSBC and compiled by S&P global, fell marginally to...
Muted Treasury Gains For Banks In Q1 FY25 Due To New Investment Norms
MUMBAI: Banks reported muted treasury gains in the April-June period of FY25 (Q1 FY25) following the Reserve Bank of India’s (RBI) revised norms on investment portfolios effective from April 1, 2024, despite the softening of government bond yields. “Banks have reported muted treasury gains during Q1 FY25 despite the...
Data Centres Turn To Renewable Energy Sources As Power Demand Surges
MUMBAI: A ChatGPT query needs nearly 10 times as much electricity to process as a Google Search, a study by Goldman Sachs report claims. With Artificial Intelligence (AI) gaining momentum and as an increasing number of data centres focus on catering to the AI workloads, analysts expect the power...
SEBI Amends Mutual Fund Rules To Curb Front-Running, Insider Trading
NEW DELHI: Capital markets regulator Sebi has amended mutual fund norms requiring Asset Management Companies (AMCs) to put in place an institutional mechanism to identify and deter front-running and insider trading in securities. Additionally, the management of AMCs will be responsible for ensuring the effectiveness of the institutional mechanism....
IndiGo To Introduce Business Class Seats In Select Flights From Mid-November
NEW DELHI: IndiGo will introduce business class seats in select flights on 12 domestic routes starting from November 14 and will also launch a customer loyalty programme, as the 18-year-old airline embarks on ambitious business expansion plans. Making the announcement at an event to mark 18 years of flying,...
Public Sector Banks’ NPAs On Mudra Loans Fall To 3.4 Per Cent In 2023-24: Sitharaman
NEW DELHI: Public sector banks’ non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. This marks an improvement from 4.77 per cent in 2020-21, 4.89 per cent in 2019-20, and 3.76 per cent...
Over Rs 177 Crore Lost On Account Of ATM/Credit Card, Internet Banking Frauds
NEW DELHI: As much as Rs 177 crore was lost on account of credit, debit card and internet banking frauds in the 2023-24 fiscal, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the amount of loss...
Poor India’s Sudden Push For Gold Import Sans Logic
By Nantoo Banerjee The sudden and sharpest cut in the import duty on gold and gold doré seems to be quite confusing since even at a 15 percent import duty on gold India’s import of the yellow metal surged nearly 30 percent amounting US$45.54 billion in the last financial...
As Leader Of The Opposition In Lok Sabha, Rahul Gandhi Is Performing Well
By Kalyani Shankar It might be too soon to judge how well Rahul Gandhi is shaping up as the new Leader of the Opposition (LOP) in Lok Sabha. The current budget session ends in just a few days, so we’ll need more time to understand his leadership fully. But...
G20 Declaration On Labour Market Needs Decisive Actions Too
By Dr. Gyan Pathak G20 declaration on addressing global labour market challenges and promoting decent work fell short of the expectation, which perhaps prompted the Director General of the International Labour Organization (ILO) Gilbert F Houngbo to urge G20 Labour and Employment Ministers to take decisive actions to reduce...
New Job Schemes To Be Rolled Out By December: Labour Secretary
NEW DELHI: The three Employee-Linked Incentive (ELI) schemes, announced during the Budget for 2024-25, are going to aid job creation siginificantly, improve “employability” of job-seekers, and bring more people under the social-security net, labour secretary Sumita Dawra said. In an interview with FE, Dawra said that these schemes– a)...
India Seeks Duty Concession On Cars, Machinery In FTA With Sri Lanka
NEW DELHI: India is seeking customs duty concession on a number of goods including cars, commercial vehicles and machinery from Sri Lanka under a comprehensive free trade agreement (FTA), talks for which are underway, an official said. India has also sought easier visa norms to further facilitate entry of...
