IPA Staff
16654 stories by IPA Staff
Arcelormittal Decides Against Shutting Its South African Steel Plant
ArcelorMittal’s South African division has decided against shutting its steel plant in the KwaZulu-Natal province and is working on a plan to make it viable, it said on Tuesday, more than six months after announcing its closure. The company’s Johannesburg-listed shares fell 12.1% by 1004 GMT after a trading...
Tamil Nadu Inks MoU With Ministry Of Defence To Establish Defence Testing Centres
CHENNAI: Tamil Nadu has signed three Memorandum of Understanding (MoUs) with the Ministry of Defence (MoD) to establish the country’s first three Defence Testing Centres under the Defence Testing Infrastructure Scheme (DTIS) in the State. The fourth testing centre is also under the final stages of MoUs signing and...
Commerce Ministry Developing Platform For Registration, Resolution Of Non-Trade Barriers
NEW DELHI: The commerce ministry is developing a platform for registering non-tariff barriers (NTBs) faced by exporters and taking up with the concerned countries for their resolution, a senior official said. At present, there is an information gap on these barriers particularly for small items. “We are making a...
Sensex Hits Historic 80,000-Mark; Nifty Reaches Fresh Lifetime High In Early Trade
MUMBAI: Equity benchmark indices started the trade on an optimistic note on Wednesday, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends. The 30-share BSE Sensex jumped...
Modi’s Days Of Lording Over Parliament Like A Monarch Ends At Last
By Arun Srivastava For the first time in his ten-year rule, Prime Minister Narendra Modi, proclaimed to be the super-leader to shape the destiny of India, wore a pitiable, visibly shaken and dejected look sitting in the front row of the treasury benches in Lok Sabha, while Rahul Gandhi,...
India’s Super Rich Must Be Taxed Separately In 2024-25 Budget For Raising Resources
By Anjan Roy Taxation of the super-rich is becoming current coin in International deliberations on the global financial structure and funding of development. In a recent multi-nation deliberations organised by the Heinrich Boll Stiftung of Berlin, Indian participant Rakesh Mohan, former deputy governor of RBI, drew attention to the...
Rahul Gandhi Has Finally Emerged As The Fiery Leader Of Opposition
By Sushil Kutty Prime Minister Narendra Modi was slated to reply to the Motion of Thanks to the President’s address at 4 pm on Tuesday. PM Modi must have spent the previous hours prepping for the reply which came nearly 24 hours after Leader of Opposition Rahul Gandhi had...
Five Major Constraints Adversely Affecting Development Of Cities
By Dr. Gyan Pathak Indian cities are suffering from five-fold bottlenecks that prevent them realizing their full economic potential. Those are lack of common economic vision, challenges related to land supply, unintegrated urban planning and industrial infrastructure, inadequate institutional framework and capacity, and business-related policy and regulatory constraints. This...
After Dry Spell, Heavy Rains Bring Misery To Citizens Of Big Cities And Towns
By Arun Kumar Shrivastav The monsoon season has set in, bringing much relief from months’ scorching heat across the country. However, it has also brought about great trouble for big cities that see rainwater getting trapped and throwing normal life out of gear. Floods in some parts of the...
Trinamool Cadres Are Running Parallel Administration In Bengal Villages
By Tirthankar Mitra It is almost a month since June 4 when Trinamool Congress emerged victorious in 29 Lok Sabha seats in West Bengal out of the total of 42 trouncing the BJP which was reduced to 12 from the earlier 18. Since then, reports of clashes between TMC...
Donald Trump Is A Fascist – He Can’t Be Allowed To Occupy White House Again
By C.J. Atkins WASHINGTON: Two things are clearer than ever after the first presidential debate. First, Trump is a fascist and a liar who can’t be allowed near the White House ever again. Second, despite Biden’s faltering performance as messenger, the task ahead of the people’s and labour movements...
GST Collection At Rs 1.74 Trillion In June, But Growth Slows To 7.7%
NEW DELHI: The gross goods and services tax (GST) collection for June 2024 stood at Rs 1.74 trillion, marking 7.7 per cent year-on-year (Y-o-Y) growth, an official source disclosed to Business Standard. This Y-o-Y growth is notably less than the 12.4 per cent and 10 per cent increases recorded...
Higher Demand Pushes Hiring Up As Manufacturing PMI Touches 58.3 In June
NEW DELHI: Growth in the Indian manufacturing sector recovered some of the ground lost in May, as the headline Purchasing Managers Index (PMI) figure released by HSBC on Monday rose to 58.3 from 57.5 in May. The recovery in the sector was based on the back of buoyant demand...
New Base Years For National Accounts, Macro Indicators From January-February 2026
NEW DELHI: Updated new base years for national accounts and other macro-indicators are expected to come into effect from January-February 2026, coinciding with the first and second advance estimates of national income for FY26, senior official sources aware of the development told Business Standard. “The statistics ministry set up...
Oil Imports From Russia Touch 13-Month High
NEW DELHI: India’s crude oil imports from Russia zoomed to a 13-month high in June even as the discounts on Russian crude have narrowed, according to an analysis of data provided by intelligence firm Vortexa. The significant increase in Russia’s share in India’s oil imports can also be attributed...
Government Eases Rules For Global Sourcing Of Medical Gear
NEW DELHI: The government has allowed global tenders to be floated for procurement of 354 medical devices after the health ministry raised concerns over the lack of domestic options, a move that could ease access to state-of-the-art medical devices which are not available in the country, said people familiar...
Digi Yatra Policy Should Spell Out All Rules On Passenger Info Deletion, Suggests Study
NEW DELHI: The policy for Digi Yatra — a digital platform to verify air travellers using biometric data — needs to spell out all the rules related to deletion of passenger information from the database once the travel is complete, according to a study instituted by NITI Aayog. There...
GST Reduced Tax Rates On Household Goods, Brought Happiness, Relief To Every Home: FinMin
NEW DELHI: Goods and Services Tax (GST), which completed 7 years of implementation on Monday, has brought happiness and relief to every home through reduced taxes on household appliances and mobile phones, the finance ministry said on Monday. GST, which subsumed about 17 local tax and cesses, was rolled...
