IPA Staff
16644 stories by IPA Staff
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...
Government May Soften LTCG Tax Blow On Real Estate
NEW DELHI: The government may address the concerns over the Budget proposal to revise the taxation of long-term capital gains (LTCG) from real estate transactions, by offering a few reliefs. According to sources familiar with the deliberations in this regard, it make the new LTCG regime effective from April...
RBI Likely To Maintain Status Quo, Unlikely To Cut Rates Before September
MUMBAI: The Reserve Bank of India (RBI) is expected to maintain rhe benchmark repo rate unchanged at 6.5% during its upcoming meeting from August 6 to 8. The decision is anticipated to align with the recent trend of holding rates steady while awaiting more macroeconomic data before considering any...
Unemployment Rate Fell 1.3 Percentage Points In July Amid Uptick In Hiring
NEW DELHI: India’s unemployment rate (UR) dropped by 1.3 percentage points in July from an eight-month high of over nine per cent in the previous month. The UR fell to 7.9 per cent in July from 9.2 per cent in June, according to the Consumer Pyramids Household Survey. The...
After Record Profits, State-Owned Fuel Retailers See Profit Slump In Q1
NEW DELHI: After reporting record profits, state-owned fuel retailers Indian Oil Corporation (IOC), BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell and they booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates. IOC, the nation’s...
Spending On Outbound Tourism To Rise 11% Annually To Reach $55 Billion In 2034: Report
NEW DELHI: Spending on outbound tourism is expected to grow from USD 18.82 billion in 2024 to USD 55.39 billion in 2034, a report said. The ‘Navigating Horizons’ report jointly prepared by Nangia NXT and Ficci said packaged tours still dominate the outbound market in India, with a share...
FPIs Invest Rs 32,365 Crore In Equities In July On Continued Policy Reforms
NEW DELHI: Foreign investors infused Rs 32,365 crore into Indian equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2),...
Global Capability Centre Industry To Become Catalyst For Creating Jobs: Report
MUMBAI: With India emerging as the hub of Global Capability Centres, a report on Saturday revealed that 78 per cent professionals expect the GCC sector to become a catalyst for creating jobs, particularly benefiting temporary workforce in the country. A majority of 78 per cent foresee GCCs as catalysts...
Sensex, Nifty Crash In-Line With Selling Pressure In Global Markets On US Growth Fears
MUMBAI: Equity market benchmark indices Sensex and Nifty tumbled in early trade on Monday in-line with extremely weak trends in global markets amid fears of a slowdown in the US economy and foreign fund outflows. The 30-share BSE Sensex tanked 2,401.49 points to 78,580.46 in early trade. The NSE...
Living Life In A Limbo In Jammu & Kashmir After The Abrogation Of Article 370
By Sushil Kutty Five years of no Article 370 is still not palatable for millions of Kashmiris. Even something as primeval as stone-pelting is sorely missed and the fact that violence has ebbed in the Valley to a point where India’s vaunted armed forces have to go to Jammu,...
Indian Economy Can Only Move To The Next Level Through Use Of Efficient Capital And Technology
By Anjan Roy “Middle income trap” is not an uncommon phenomenon in development experience of nations and countries. While some countries make a promising start, they tend to stagnate after a certain point. They fail to graduate from moderately devoid countries to developed countries with high per capita income....
Factional Infighting Hits Bjp Units In Most Of The States After Lok Sabha Polls
By Arun Srivastava It is ironic that BJP which ten years back claimed itself as the party with a difference having high level of discipline is facing indiscipline and factional infighting in most of the states after the 2024 Lok Sabha elections. . Since the formation of the present...
Disbursal Of High Reserve Bank Of India Profits To Centre Is Improper
By Romar Correa The record disbursal of Reserve Bank of India (RBI) profits to the government of India in May 2024 has been in the news. The magnitude of the disbursal caught everyone by surprise. There is a fair bit of confusion as well since many in the mainstream...
Wayanad Devastation Manifests The Wages Of An Unforgivable Political Sin
By K Raveendran The Union government’s decision to issue a fresh draft notification for nearly 56,825 sq km of the Western Ghats as an Eco-Sensitive Area (ESA) in the wake of the catastrophic landslides that ravaged Wayanad, flattening entire swathes of settlements, markets, and public spaces can only be...
