IPA Staff
16593 stories by IPA Staff
As Many As 17 Firms Under IT Hardware PLI To Start Production This Year, Says IT Secretary
FARIDABAD: Majority of personal computer and server makers selected under the IT hardware production-linked incentive scheme are expected to start production this year, a senior government official said on Friday. “… About 17 out of 27 PLI companies will start production this year. Around 6-7 of them started production...
ITA Seeks Financial Help From Centre To Support Struggling Darjeeling Tea Industry
KOLKATA: The Indian Tea Association (ITA) on Friday reiterated its plea for financial assistance from the Centre to support the struggling Darjeeling tea industry. According to the ITA, the situation in Darjeeling is critical due to decreasing yields and plummeting prices. Without a financial relief package, the survival of...
India Forex Reserves Jump By USD 3.66 Billion To USD 641.59 Billion
MUMBAI: After three consecutive weeks of drop, India’s forex reserves increased by USD 3.668 billion to USD 641.59 billion for the week ended May 3, the RBI said on Friday. The overall kitty dropped USD 2.412 billion to USD 637.922 billion for the previous week ended April 26. For...
Gold, Silver Prices Rebound On Bullish Global Trend, Strong Domestic Demand
NEW DELHI: Gold and silver prices rebounded sharply on Friday after falling for two straight sessions, with the yellow metal jumping Rs 950 to cross the Rs 73,000-mark in the national capital amid a bullish global trend and strong domestic demand on the Akshaya Tritiya festival. According to HDFC...
Rupee Settles 1 Paisa Lower At 83.49 Against US Dollar
MUMBAI: The rupee stayed range-bound and settled 1 paisa lower at 83.49 (provisional) against the US dollar on Friday, as the support from positive domestic equities was negated by elevated crude oil prices. Forex traders said significant foreign fund outflows dented investors’ sentiments. At the interbank foreign exchange market,...
President Biden Facing His Biggest Diplomatic Challenge In Dealing With Gaza War
By Girish Linganna The US President, Joe Biden, is facing political challenges as he attempts to navigate the demands of both the Israel lobby and its critics. This has led to perceptions of his weakness and ineffectiveness. With the election just six months away, Biden is struggling with a...
Is It A Third Narendra Modi Term Or Pak Atom Bomb That Has Got Aiyar In A Twist?
By Sushil Kutty It is a Mani Shankar Aiyar habit to startle. The ‘Congress veteran’ is an amalgam of both politician and diplomat. And “respecting Pakistan” is an Aiyar trait. Now, Aiyar’s “respect for Pakistan” is tinged with known fear. Aiyar says “Respect Pakistan or they’ll drop atom bomb”....
The Battle Of Stars Is In Full Swing In The Industrial Belt Of Bengal
By Tirthankar Mitra Veterans of Trinamool Congress and BJP have locked horns in Burdwan-Durgapur-Asansol industrial belt of Bengal once the most go to place for a job seeking engineer or a manual labourer. A low voter turnout is not unlikely in these constituencies on May 13 -in the fourth...
There Is No Version Of Liberalism That Can Take Economies Out Of Present Stagnation
By Prabhat Patnaik Each strand of political praxis is informed by a political philosophy which analyses the world around us, especially, in modern times, its economic characteristics. On the basis of this analysis, the particular political philosophy sets out the objectives which have to be struggled for, and the...
Is Sharad Pawar Mulling Coming Back To The Congress?
By Rahil Nora Chopra Sharad Pawar’s remark that many regional parties may move closer to Congress post the elections has led to speculations of a possible merger of NCP(SP) with the Congress. However, the statement of Pawar assumes significance in the wake of BJP targeting the regional parties through...
BJP Has Done Well In The North Eastern States Where Polling Is Over
By Ashis Biswas KOLKATA: General satisfaction prevails among ruling Bharatiya Janata Party (BJP) circles that the Lok Sabha 2024 elections ended peacefully in the eight Northeastern states, but for a few minor incidents reported in Manipur. In three phases, altogether 25 seats were contested. Relief was more palpable, according...
DoT Set To Seek Clarity, Security Clearance From NSCS On Satcom
NEW DELHI: The Department of Telecommunications (DoT) is likely to approach National Security Council Secretariat (NSCS) to seek approval and clarity on satellite communications, particularly on data transfer and usage, as well as equipment and components used in satellite gateways based in India, said officials privy to the details....
FY24 Fiscal Deficit To Be Slightly Below Revised Estimate
NEW DELHI: The Centre’s finances were also helped by higher tax and non-tax receipts like dividends than factored in the RE, the official added. The Centre’s fiscal deficit for 2023-24 may be slightly lower than the revised estimate (RE) of Rs 17.3 trillion or 5.84% of GDP, aided by...
Household Savings Decline Due To Rising Home, Auto, Personal Loans
NEW DELHI: Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of interest towards housing and vehicle loans have continued to rise, but the trend could reverse in 2024-25 on account of the impact of RBI’s curbs on...
NHAI To Offer 12 Bundles Via Toll Operate Transfer This Year
NEW DELHI: The National Highways Authority of India (NHAI) has decided to double down on monetisation of highways through the Toll Operate Transfer (ToT) model. It will offer as many as a dozen bundles of stretches that can be bid for by private companies in the current year. This...
India’s Retail Sector Set To Cross $2 Trillion By 2030, Says Report
BENGALURU: India’s retail market is poised to surpass $2.2 trillion by 2030, with approximately 90 per cent of sales expected to occur offline, according to the report Decoding Omnichannel: Strategies for D2C Brands by Accel, Fireside Ventures, and Redseer Strategy Consultants. The report also finds that a substantial portion...
India’s Exports Rise In 115 Nations Out Of 238 Destinations In 2023-24: Data
NEW DELHI: India’s exports have increased to as many as 115 countries out of the total 238 destinations during 2023-24 despite the global economic uncertainties, according to commerce ministry’s data. These 115 export destinations, which account for 46.5 per cent of India’s export basket, include the US, UAE, Netherland,...
Fitch Affirms Ratings Of Axis Bank, ICICI Bank On Supporting Operating Environment
NEW DELHI: Fitch Ratings on Thursday affirmed the ratings of Axis Bank and ICICI Bank with a stable outlook citing supportive operating environment and large domestic franchise. Fitch Ratings has affirmed India-based Axis Bank and ICICI Bank’s Long-Term Issuer Default Rating (IDR) at ‘BB+’, the global agency said in...
