IPA Staff
13339 stories by IPA Staff
Fitch Upgrades India’s Medium-Term GDP Growth Projection To 6.2%
NEW DELHI: The Indian economy has the potential to clock 6.2 per cent annual average growth rate in the medium term during the 2019-27 period, credit rating agency Fitch ratings said in its latest Global Economic Outlook report on Monday. The agency raised the projection by 0.7 percentage points...
Q2 GDP Seen To Beat RBI Estimate, May Come In Close To 7%
NEW DELHI: India’s GDP growth in real terms in the second quarter of FY24 may have been significantly higher than 6.5% projected by the Reserve Bank of India (RBI), according to a few economists who FE spoke to, in this regard. While most have revised their estimates upwards, the...
Unique Customer ID For Mobile Phone Subscribers Soon
NEW DELHI: Mobile subscribers will soon be allotted a unique customer ID by the government, which will act as their one-stop identification point for everything related to their primary as well as add-on phone connections. The move, being finalised by the department of telecommunications is to protect users from...
HPCL Q2 Net At Rs 5,827 Crore On Strong Marketing Margins
State-owned Hindustan Petroleum Corporation Ltd reported a consolidated net profit of Rs 5,826.96 crore in the quarter ended September, against a loss of Rs 2,475.69 crore in the same quarter last financial year. Improved marketing margins on the back of discounted Russian Urals and inventory gains even as the...
12 GW Thermal Power By Next Year To Meet High Demand, Says R K Singh
NEW DELHI: Amid record high power demand this year, the Union power ministry has initiated discussions with state governments to augment their power generation capacities, both conventional and renewable energy. Union Minister for Power, New and Renewable Energy R K Singh said close to 12 gigawatt (Gw) of new...
SAIL Eyes $150-200 Million Investments To Ramp Up Capacities At Mozambique Mines
NEW DELHI: Steel Authority of India Ltd (SAIL) along with its other partners in International Coal Ventures Ltd (ICVL) is eyeing an investment of $150–200 million as a capacity ramp-up is planned across coal mines in Mozambique, Africa. The move is also aimed at de-risking coking coal supplies from...
India To Remain Export Market For Coking Coal; Rising Prices Remain A Concern: Industry Body ISA
According to steel industry body, ISA, India will continue to be the top export destination for coking coal in the foreseeable future. The local steel industry is being impacted by rising prices, and the Indian steel sector is looking for sustainable ways to use coking coal. India is the...
Navy’s Under-Construction Warship Surat’s Crest Unveiled
NEW DELHI: The crest of ‘Surat’, the under-construction guided missile destroyer of Navy named for the first time after a Gujarat city, showcases one of the first lighthouse built in 1836 at Hazira standing tall over a Asiatic lion standing near to a wavy sea, with insignias symbolising “the...
Anonymous Political Donations Are Harming India’s Democratic System
By Nantoo Banerjee Increasing secret business donations to political parties to help fight state and general elections threaten to harm India’s democratic system. The practice protects the anonymity of contributors. If France, one of the world’s most vibrant democracies, can ban political donations by business corporations, why do political...
Expanded NDA’s Lead In Maharashtra Panchayat Polls Is A Bad Signal For India
By Sushil Kutty Last heard, the NDA had taken a massive lead in the Maharashtra Gram Panchayat elections with the BJP, the NCP Ajit Pawar faction and the Shinde Shiv Sena going great guns while the Congress, Shiv Sena (UBT) and NCP Sharad Pawar were way behind, underlying the...
Mizoram And Chhattisgarh To Vote For Peace And Development
By Dr. Gyan Pathak Mizoram and Chhattisgarh may vote for peace and development. Elections to all the 40 Vidhan Sabha seats in Mizoram and 20 out of 90 in Chhattisgarh are scheduled to be held on November 7. During the entire election campaigns for this phase of election, violence...
Modi More A Threat To His Own Party, Less Prime Danger To Opposition
By Arun Srivastava It appears that Narendra Modi has lost his political sense and prudence; else how could he choose to launch a ruthless attack on the opposition, and even target a section of his own party, just while the Lok Sabha election was hovering on his head. This...
President Elect Muizzu Is Getting His New Government’s Priorities Wrong
By Arun Kumar Shrivastav Maldives incoming president Mohamed Muizzu has been giving sleepless nights to the Indian establishment by touching a raw nerve: the presence of Indian military personnel in the Indian Ocean archipelago nation. The 45-year old Muizzu has been the mayor of Male, the densely-populated capital city...
The Growing Pro-Palestine Protests Over Gaza War Are Becoming A Mass Movement
By Yaseen Al-Sheikh On October 20, thousands of protesters marched through the streets of New York City to call for an immediate cease-fire and an end to hostilities in Gaza. Jeremy Cohan, cochair of New York City Democratic Socialists of America (DSA) and a Jewish organizer, told reporters that...
Kunal Sen, Son Of Film Director Mrinal Sen Writes About His Bondhu
By Tirthankar Mitra A son writing on his father makes interesting reading. BONDHU, MY FATHER, MY FRIEND a book on Mrinal Sen penned by his son Kunal Sen does not disappoint. In a country where a famous sire is usually succeeded in his profession by his son/daughter, Kunal chose...
States Capex Up 50 Per Cent In H1 On Low Base
NEW DELHI: Capital expenditure by 18 state governments whose finances were reviewed surged by 56% on year in the first half of the current financial year compared with just a 2% rise in the year-ago period. This was supported by capex loans from the Centre. Excluding loans from the...
IT Firms Reducing Exposure To Asia-Pacific Region
BENGALURU: Facing margin headwinds, IT firms like Wipro, Tech Mahindra, and LTIMindtree, are reducing their exposure by giving up low-value clients in the Asia-Pacific region, which falls under the RoW (rest of the world) geographical segment for them. Instead these firms are concentrating on deals in the North America...
India Works On Free Trade Deal With Gulf Countries
NEW DELHI: After a delay of several months, India and the Gulf Co-operation Council (GCC) have begun discussing the contours of a free trade agreement, which may not include a bilateral investment treaty. Through the agreement, India will be eyeing a large and affluent market for its goods and...
