IPA Staff
13339 stories by IPA Staff
Economists See Onion Driving Inflation Near 6 Per Cent
NEW DELHI: Rising onion prices are unlikely to have a significant impact on inflation in October but may lead to inflation rising to near 6% levels in coming months, said economists. Onion prices rose nearly 75% in the first week of November compared with the previous month. “Alongside a...
Alternative Investment Funds Seek Clarity From SEBI On New Valuation Norms To Address Gaps
MUMBAI: Alternative Investment Funds (AIFs) are awaiting clarity from the markets regulator, the Securities and Exchange Board of India (Sebi), on the valuation mandate to address gaps in audit timelines, operational challenges, and issues in benchmarking. Last week, Indian Private Equity and Venture Capital Association (IVCA) — the industry...
New Investment Demand Likely To Taper In Second Half Of FY24: ICRA
NEW DELHI: New investment demand in the second half of this fiscal year is likely to be tempered amid increased geopolitical tensions in the Middle East, and a potential slowdown in the momentum of government capital expenditure (capex) and project execution prior to the general elections, said credit rating...
CPSE Dividends To Centre To Exceed Budget Estimate By Rs 20,000-Crore In FY24
NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) will likely exceed the budget estimate (BE) of Rs 43,000 crore for 2023-24 by close to Rs 20,000 crore, bridging partly the likely shortfall in disinvestment receipts. So far in the current financial year, around Rs...
HPCL Lays Out Rs 75,000-Crore Capex Plan For Five Years
NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd (HPCL) plans to spend Rs 75,000 crore in expansion and diversification in the next five years with an annual expenditure of around Rs 14,000-15,000 crore, the company said on Tuesday. “Around 25-30% of the capex will be for the renewable or gas-based...
CEA Advocates For EVs As Energy Storage In National Grid Support
NEW DELHI: The Central Electricity Authority (CEA) has outlined a strategy to boost the use of electric vehicles (EVs) in energy grid support, which could significantly enhance the sustainability of the country’s power system. Smart charging and vehicle-to-grid (V2G) services are crucial to manage the large-scale integration of renewable...
National Coal Index Climbs For First Time Since April Amid Global Price Shifts
NEW DELHI: The National Coal Index (NCI) has registered an increase of 3.83 points to 143.91 for the month of September 2023, the coal ministry said in a statement on Tuesday. This marks the first rise in the index since April 2023, with a notable influence from the short-term...
India Should Explore Trade Barriers As Safeguards Against Rising Steel Imports: Dilip Oommen, AMNS India, CEO
NEW DELHI: India should start putting trade barriers as a safeguard against rising steel imports, Dilip Oommen, CEO, ArcelorMittal Nippon Steel India, and President of the Indian Steel Association, said on Tuesday. According to Oommen, India happens to be in the “spotlight” as far as “economy and steel consumption”...
Govt Looking Into Dumping Issue Of Certain Steel Products: Steel Secretary
The government is looking into issues surrounding dumping of certain categories of steel products into the Indian market, Steel Secretary Nagendra Nath Sinha said on Tuesday. The statement comes amid the industry raising concerns over the rise in steel imports. In October India remained the net importer of steel....
American Presidential Election In November 2024 Promises To Be A Tumultuous One
By Kalyani Shankar A hypothetical President Joe Biden versus his predecessor, Donald Trump, contest in the 2024 U.S. presidential race is too close to call. Elections will be held on November 5, 2024, just a year away. News agency Reuters says this election promises to be like no other...
Delhi Chief Minister Arvind Kejriwal Is Reconciled To His Term In Tihar Jail
By Sushil Kutty Aam Aadmi Party convener Arvind Kejriwal is bound for prison. The Delhi Chief Minister is reconciled to his fate. The enforcement directorate will question him, arrest him and put him behind bars, period. There are no two ways about it. Kejriwal has convinced himself and he...
Bigger Challenges Lying Ahead For Congress In Rajasthan
By Dr. Gyan Pathak Contestants arrayed in the electoral battlefield of Rajasthan is almost clear. The Congress and the BJP are engaged in a bitter, closer, no holds barred contest than expected earlier. Hitherto sidelined BJP leader and former CM Vasundhara Raje has come back to the centrestage, while...
Egoistic Akhilesh Yadav Is Emboldening Anti-Secular Organisations
By Arun Srivastava The problem with Samajwadi Party chief Akhilesh Yadav has been his own overblown ego. He treats himself as the most astute politician possessing the highest order of intellect and wisdom. He also nurtures the feeling that no other politician could read his mind and make out...
Trinamool Congress Leadership Preparing For Lok Sabha Polls With Confidence
By Tirthankar Mitra Feeling the heat from a slew of corruption charges and more than 10 of its leaders behind the bars, a brainstorming session is on within the Trinamool Congress to reboot it’s election game plan for next year’s Lok Sabha polls. The strategy will be two pronged...
Narayana Murthy’s 70 Hour A Week Working Hour Proposal Is A Health Hazard
By Dr Arun Mitra The Chairman of Infosys Shri N R Narayana Murthy seems to have forgotten the popular poem that was taught to us during school days ‘The Cry of the Children’, by Elizabeth Barrett Browning, dedicated to the condition of children in England who were made to...
Call For Immediate Ceasefire Gets Positive Response In US Democratic Party
By John Bachtell NEW YORK: Calls for an immediate ceasefire are accelerating worldwide as the horrific death toll among Palestinians rises and the humanitarian catastrophe in Gaza deteriorates by the minute. The extreme-right Israeli government is ignoring those pleas as it continues its ground assault and aerial bombardment of...
India Looks To Fast-Track Tesla Approvals By January 2024
NEW DELHI: India is pulling out all the stops to get Elon Musk’s Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister’s Office Monday held a meeting with top officials to take stock of the next phase of...
MCA Calls For Regular General Meetings Of Companies
NEW DELHI: Amid a record incorporation of companies, the ministry of corporate affairs (MCA) has called for regular general meetings, stating that they offer shareholders a platform to question the management’s decisions and the shareholders’ participation minimises corporate frauds and financial risks. In an internal communication, the ministry said:...
