IPA Staff
16581 stories by IPA Staff
Service Sector Growth Softens To Five Months Low: PMI
NEW DELHI: India’s service sector growth eased to a five-month low in May amid fierce competition, price pressures and a severe heatwave, even as new orders from international markets expanded at the steepest pace in a decade, according to a monthly survey released on Wednesday. The seasonally adjusted HSBC...
Centre Proposes New Excise Law, Ease Of Doing Business In Focus
NEW DELHI: The Central Board of Indirect Taxes & Customs has invited suggestions on the draft ‘Central Excise Bill, 2024’, which aims to enact a comprehensive modern central excise law with an emphasis on promoting ease of doing business and repealing old and redundant provisions. The main aim of...
Passing Major Reforms May Prove Difficult For Next Govt: Rating Agencies
NEW DELHI: Passing major and contentious reforms like land and labour could prove more difficult for the next Bharatiya Janata Party (BJP)-led coalition government, rating agencies, such as Fitch and Moody’s, said on Wednesday. They, however, said broad policy continuity may persist. Jeremy Zook, director and primary sovereign analyst...
Government Re-Initiates Process To Find New Chairman Of Indian Oil Corporation
NEW DELHI: The government has invited applications for the new chairman of Indian Oil Corporation (IOC), ending the uncertainty over continuance of incumbent Shrikant Madhav Vaidya. In an advertisement posted on its website, the Ministry of Petroleum and Natural Gas sought applications from engineers, chartered accountants and cost accountants...
Real Estate Looks For Continuation Of Structural Reforms, Policy Support From New Govt
NEW DELHI: As the 2024 Lok Sabha election results are now out and there is a high probability of the BJP-led coalition government coming back to power again, all sectors and industries — including real estate — have set their sights on the continuation of structural reforms. Industry experts...
Government Looking To Develop More Airstrips, Calibrate Airport Regulations
NEW DELHI: The civil aviation ministry is looking at developing more airstrips as well as calibrating regulations for major and small airports to boost air connectivity, a senior official said on Wednesday. India is one of the fastest growing civil aviation markets in the world, with domestic air traffic...
SEBI Makes Process Of Securities Payout Directly To Client Account Mandatory
NEW DELHI: To enhance operational efficiency and reduce the risk to clients’ securities, markets regulator Sebi on Wednesday decided to make the process of direct payout of such securities to the client’s account mandatory. This will become effective from October 14, the Securities and Exchange Board of India (Sebi)...
RBI Rate-Setting Panel Starts Deliberations On Monetary Policy, Decision On Friday
MUMBAI: The rate-setting panel of RBI on Wednesday started its three-day deliberations to decide the next monetary policy amid expectations of continuation of the current interest rate. Reserve Bank Governor Shaktikanta Das will announce the decisions taken by the Monetary Policy Committee (MPC) on Friday. Experts are of the...
Novelis Postpones US IPO Due To Market Conditions
NEW DELHI: Hindalco Industries on Wednesday announced that its US arm Novelis Inc has postponed its initial public offering (IPO) due to market conditions. Novelis will continue to evaluate the timing of the offering in the future, Hindalco said in a filing to BSE. Few days back, Novelis Inc...
Suraksha Group Takes Control Of Bankrupt Jaypee Infratech
NEW DELHI: In a big relief to over 20,000 homebuyers, Suraksha Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse Rs 125 crore equity fund to start construction of stalled housing projects across Delhi-NCR. The takeover follows insolvency...
In 2024 Lok Sabha Polls, Left Win In Bihar And Rajasthan Is Significant
By Nitya Chakraborty The 2024 Lok Sabha elections have brought some cheers to the Left block comprising CPI, CPI(M) and the CPI(ML)-L as after a long gap, three members have been elected from the Hindi heartland states- two from Bihar belonging to the CPI(ML)-L and one from Rajasthan belonging...
A Bitter Success And A Sweetened Miss: Beautiful Verdict Of The 2024 Elections
By K Raveendran A success that tasted bitter and a loss that couldn’t be sweeter. This is the beautiful verdict that the people of India have handed to the parties in the 2024 elections. A big salute to the wisdom and maturity of the Indian electorate. They have once...
Congress On The Right Track, But Needs Organisational Finetuning
By Dr. Gyan Pathak Indian National Congress (INC) has finally come on the right track, as the Lok Sabha Election 2024 results show. The party that had touched its nadir in 2014 by winning only 44 seats, was somehow able to push up its tally by only 8 seats...
2024 Verdict Against Modi-Shah’s Politics Of Crony-Capitalist Hindutva
By Arun Srivastava Ayodhya, symbol of RSS’s Hindutva renaissance, did not respond to the call of the so-called Hindu Hridaya Samrat, Narendra Modi, and instead voted for 79-year-old veteran Dalit leader, belonging to Pasi caste, Awadesh Prasad. In a single stroke, the voters of Ayodhya shattered two myths: Modi’s...
Like A Falling Star, Naveen Patnaik Fell Off The Political Grid
By Sushil Kutty Only a sentimental romantic will think of Odisha Chief Minister Naveen Patnaik at this hour, the BJD Chief’s worst days in life. Naveen Patnaik is history and will be forgotten. The Bharatiya Janata Party, with Prime Minister Narendra Modi leading from the front, put a halt...
Big Organisational Mess Led To Congress Disaster In Madhya Pradesh
By L S Herdenia BHOPAL: Totally weak leadership, lack of organisational skill and wavering stand of Kamal Nath, and decision to sponsor Digvijay Singh as a candidate resulted in total rout of the Congress in all 29 Lok Sabha Constituencies in Madhya Pradesh. The Central leadership’s decision to make...
2024 Polls Outcome May Lead To Dilution Of Modi’s Authoritarianism
By Girish Linganna The perception of superiority surrounding Narendra Modi has unexpectedly collapsed. The election outcomes on Tuesday were disheartening for Modi, who has often referred to himself as “Sent with a purpose” and set an ambitious slogan of ‘Abki baar, 400 paar’ (This time, above 400). However, this...
Kerala Verdict: Task Cut Out For Secular Parties
By P. Sreekumaran THIRUVANANTHAPURAM: There is no denying it. The Lok Sabha election results from Kerala have disappointed the Left Democratic Front (LDF), which was hoping to make gains this time around. We shall learn appropriate lessons from the setback and initiate corrective steps. That is the reaction –...
