IPA Staff
16654 stories by IPA Staff
FPI Inflows In Fully Accessible Route Bonds Cross $1-Billion Mark
MUMBAI: Investment by foreign portfolio investors (FPIs) in fully accessible route (FAR) bonds has crossed the $1-billion (Rs 8,740 crore) mark in just 19 days after government securities were included in the JPMorgan global bond index on June 28. Overseas investors have poured over $1.05 billion into index-eligible bonds...
Exposure To India’s Infrastructure Sector Helps LIC, SBI Outshine Peers
MUMBAI: Shares of state-owned behemoth Life Insurance Corporation (LIC) have outperformed rivals like HDFC Life and ICICI Prudential Life as it placed bets on India’s growth sectors, including infrastructure, while the private sector concentrated bet on tech, consumer and consumer-related BFSI companies. LIC’s stock has gained nearly 79 per...
Cabinet To Soon Decide On IPEF’s Clean, Fair Economy Agreements
NEW DELHI: The Union Cabinet will soon take a decision on the commerce ministry’s proposal to seek approval for signing of 14-member IPEF (Indo-Pacific Economic Framework for Prosperity) bloc’s agreements on clean and fair economy, an official said. Last month in Singapore, 13 IPEF bloc members signed these agreements,...
SEBI’s Proposal On New Asset Class For High Risk Takers Looks Promising: Experts
NEW DELHI: Capital markets regulator Sebi’s proposal for introducing a new asset class for high-risk profile investors can help them gain access to a newer set of strategies including long-short equity fund and inverse Exchange-traded Fund (ETF). The new asset class is aimed at bridging the gap between mutual...
Corporate Funding In Solar Sector Globally Dips: Mercom
NEW DELHI: Total corporate funding in the solar sector globally fell by 10 per cent to USD 16.6 billion in January-June 2024 due to uncertainties in major markets including the US, according to Mercom Capital. In the first half of 2023, the global solar energy sector attracted USD 18.5...
ADB Retains India’s Growth Forecast At 7% For FY’25
NEW DELHI: The Asian Development Bank (ADB) on Wednesday maintained India’s GDP growth forecast at 7 per cent for the current financial year, citing that a rebound in agriculture is expected given above-normal monsoon projections. The ADB forecast comes a day after the International Monetary Fund revised upward its...
PwC For Extension Of Beneficial Tax Regime For New Manufacturing Firms
NEW DELHI: Tax consultancy firm PWC has urged Finance Minister Nirmala Sitharman to extend the beneficial tax regime for new manufacturing companies and introduce a comprehensive tax amnesty scheme for cases related to Customs. Sitharaman is scheduled to present the Union Budget for 2024-25 on July 23. “I think...
Money Bill Challenge In Supreme Court Worsens Vulnerability Of Ruling Party
By K Raveendran If Aadhaar is a money matter, anything can be interpreted to mean anything else. This will be one of the key dilemmas that the seven-member constitutional bench will consider when it begins deliberations on the petitions against the use of money bill route by the Modi...
Meaning Of PM Narendra Modi’s Recomposing India’s Think Tank
By Dr. Gyan Pathak Approval by Prime Minister Narendra Modi for the revised composition of India’s official think tank, the National Institution for Transforming India (NITI) Aayog, on July 16, 2024, underscores beginning of a significant phase in the country’s future direction. It also underlines his political compulsions of...
Sathya Shankar Embodies A Person Of Vision And High Perseverance
By Harihar Swarup A seed of an idea is all you need for success. Sathya Shankar K. would know for there is a , tiny seed at the heart of his success story. His life got a kick-start in 1984. At only 18, Shankar had applied for an auto-rickshaw...
Terror Killings In Reasi, Kathua, Doda – What Is Home Minister Doing?
By Sushil Kutty The architect of the abrogation of Article 370 is MIA, say the detractors of Amit Shah, the No.2 in the Narendra Modi Cabinet. Four Indian Army soldiers were killed in a terror attack in Doda on July 16, including an officer, and the Modi-led NDA government...
Modi Government’s New Telecommunications Law Is Anti-People, Unconstitutional
By M.Y. Siddiqui The Telecommunications Act, 2023, enacted by the Parliament without public scrutiny, debates and discussions amidst suspension of about 150 Members of Parliament, is anti-people, undemocratic and unconstitutional. It assaults the Constitution in so many ways. It attacks fundamental rights of the people in terms of their...
Expansion Of War In Gaza And Ukraine Have Dangerous Humanitarian Consequences
By Dr Arun Mitra The missile attack on Okhmatdyt children’s hospital in central Kyiv, Ukraine on July 8 , 2024 by the Russian forces is very disturbing. Since the start of the conflict in Gaza 31 out of 36 hospitals have been damaged or destroyed and over 500 healthcare...
SEBI Proposes New Asset Class For Risk Takers
MUMBAI: The Securities and Exchange Board of India (Sebi) on Tuesday proposed a new asset class for investors with higher risk appetite and willing to put a higher amount – a move that is aimed at curtailing proliferation of unauthorised and unregistered products as well give another investment route...
IMF Raises India’s GDP Growth Forecast For FY25 To 7 Per Cent
NEW DELHI: The International Monetary Fund (IMF) Tuesday raised India’s FY25 growth projection to 7% from 6.8% forecast in April, retaining the country’s fastest-growing economy tag. The latest upgrade reflects carryover from upward revisions in 2023 and takes into account improved prospects for private consumption, particularly in rural areas....
Defence Ministry Notifies Fifth Indigenisation List Of 346 Items For DPSUs
NEW DELHI: With the aim of boosting Aatmanirbharta (self-reliance) in defence production and minimising imports by defence public sector undertakings (DPSUs), the Ministry of Defence (MoD) has notified a fifth positive indigenisation list (PIL) comprising 346 defence items. The MoD has ordered that “these items will only be procured...
Q2 Inflation Seen To Top RBI Forecast By Up To 50 Basis Points
NEW DELHI: Economists have raised their retail inflation forecasts for the July-September quarter of FY25 by 40-50 basis points (bps), as they expect prices of key food items, mainly vegetables, to stay elevated in the near-term, along with rising core inflationary pressures. An uptick to the Q2FY25 forecasts also...
UAE CEPA To Cause Revenue Loss, Bullion Market Disruption: Study
NEW DELHI: India is looking at the potential revenue losses of Rs 63,000 crore per annum as tariffs for imports of gold, silver, platinum and diamonds will become zero in coming years under the India-UAE comprehensive economic partnership agreement (CEPA) according to a study. Apart from revenue loss due...
