IPA Staff
16654 stories by IPA Staff
Govt Reviewing Outcome Of 15% Tax For New Units, May Reintroduce It In FY26 Budget
NEW DELHI: The government is analysing the results of the 15% concessional corporate tax rate scheme–which ended on March 31–availed by new manufacturing units, to take a fresh call on its re-introduction, official sources told FE. The internal-review is being carried out, as the Centre’s prime focus is on...
Govt To Tighten FDI Norms For Tobacco Further
NEW DELHI: The government is considering tightening the foreign direct investment (FDI) conditions for the tobacco sector to cut down on any room available for promotional activities and curb smuggling, a senior official said. The current policy explicitly prohibits FDI in manufacturing of cigars, cheroots, cigarillos and cigarettes, of...
Bill For NFIR At Advanced Stage, Likely To Be Introduced In Next Session: DEA
NEW DELHI: The Bill for setting up a National Financial Information Registry (NFIR) is in the advanced stage of preparation, and it may be introduced in the next session of Parliament, Economic Affairs Secretary Ajay Seth has said. “It is at an advanced stage. It is in the closing...
WTO Accepts India, Taipei’s Request On ICT Import Duty Dispute Ruling
NEW DELHI: The WTO’s dispute settlement body has accepted a request from India and Chinese Taipei not to adopt the ruling against New Delhi’s import duties on certain information and technology products till October-end, as both sides are engaged in resolving the matter mutually, an official said. The issue...
Removal Of Angel Tax For Startups To Help Attract Investors: Goyal
MUMBAI: Commerce and Industry Minister Piyush Goyal on Sunday said that removal of angel tax, which was introduced in 2012 by the UPA government, for all classes of investors will help startups attract investments. He also said that the customs duty reduction for gold and silver from 15 per...
UltraTech To Acquire Additional 32.72% Stake In India Cements
NEW DELHI: Leading cement manufacturer UltraTech will acquire an additional 32.72 per cent stake in India Cements Ltd from the promoters of the South-based company for Rs 3,954 crore. The board of the Aditya Birla firm on Sunday approved the proposal to acquire the promoters’ 32.72 per cent stake...
FPIs Invest Rs 33,600 Crore In Equities In July Amid Continued Policy Reforms, Good Earnings Season
NEW DELHI: Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season. However, they pulled out over Rs 7,200 crore from equities in the last three trading sessions (July 24-26)...
Nirmala Sitharaman Gives Congress Its Best Campaign Point For Assembly Elections
By K Raveendran Rahul Gandhi and a host of Congress leaders have criticised Nirmala Sitharaman and the Modi government for copy-pasting from the Congress manifesto while formulating the new budget. Looking at the issue from another perspective, they must be happy that the finance minister has given Congress their...
Chief Minister Yogi Adityanath May Be The Sacrificial Goat To Protect Narendra Modi
By Sushil Kutty Who benefits from blaming Chief Minister Yogi Adityanath for the BJP’s poor Lok Sabha polls performance in Uttar Pradesh? As things have moved, Deputy Chief Minister Keshav Prasad Maurya is the dark horse though Union Home Minister Amit Shah is also talked about as somebody who...
Centre’s Withdrawal Of Ban On Govt Employees To Join RSS Has Ominous Consequences
By Arun Srivastava Prime Minister Narendra Modi lifting the 44-year-old ban on government employees from joining RSS and allowing them to actively participate in its programmes, might be construed as a tactical move to buy peace with RSS chief Mohan Bhagwat, but more than that, it is a move...
India’s Employment Generation To Remain Much Below The Required Number
By Dr. Gyan Pathak “Indian economy needs to generate average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce,” said the Economic Survey 2023-24 tabled in the Parliament of India on July 22. Next day on July 23, the Union...
Cracks Appear In South African Coalition Govt As Partner DA Takes ANC To Court
By Satyaki Chakraborty The new coalition government of South Africa formed last month after the national elections on May 29 is facing a major crisis as the leading party African National Congress (ANC) has been taken to court by its partner Democratic Alliance (DA) on the issue of a...
Puducherry’s Coalition Govt Facing Rebellion From Disgruntled BJP MLAs
By Harihar Swarup Puducherry is said to be the BJP’s plan B to get a foothold in the Dravida land. But it took a serious hit in the Lok Sabha elections when its candidate in the lone constituency in the union territory, home minister A. Namassivayam, suffered a humiliating...
India’s Fiscal Credibility Improved In Recent Years: Fitch Ratings
NEW DELHI: Fitch Ratings believes the Indian government “should be able to achieve” its goal of reducing the deficit below 4.5% of GDP in FY26, as the Centre has improved its fiscal credibility in recent years. “The government’s record in recent years of achieving or outperforming on its budget...
India Is Doing A Factory Reset On The Jobs Scene
MUMBAI: Manufacturing is seeing a turnaround in India and the government’s budget boost for factory jobs might just be the catalyst to turn a swell into a wave. The pace of job growth in manufacturing has overtaken that of the services sector, the biggest employer for several decades since...
Govt Planning To Double NCLT Strength To Fast-Track Insolvency Resolution
NEW DELHI: The government is planning to “double the strength” of National Company Law Tribunal (NCLT) with addition of more benches and members, as it aims to cut down the time the corporate insolvency resolution process (CIRP) takes to complete at present, official sources privy to the matter told...
FIIs Cash Out From Equities Post Budget 2024 On Capital Gains Tax Tweaks
NEW DELHI/MUMBAI: The Budget 2024 has thrown a spanner in the works as far as foreign flows into the Indian equities are concerned. Foreign institutional investors (FIIs) who had turned aggressive buyers for the first time in calendar year 2024 (CY24) on a monthly basis, resorted to offloading positions...
Petroleum Regulator Revises Tariff Policy For Petro Pipelines
NEW DELHI: The Petroleum and Natural Gas Regulatory Board (PNGRB) on Friday announced an independent criteria for determining tariffs for the petroleum product pipeline owners in the country, replacing the current method based on railway freight. The move is intended to encourage investments in infrastructure, according to the Board....
