11642 stories by IPA Staff
A Year Of Crisis Management For The Economy
By S. Sethuraman Heading into mid-year, we see more dark clouds on the horizon as against a slow but steady recovery for the global economy led principally by Asian majors like China and India, postulated at the start of 2012. Electoral politics has taken over much of economic space...
Sonia For Unity In Himachal Congress
By B.K. Chum in Chandigarh It is seldom that the two main national parties, one in power and the other out of power, are afflicted with similar inner-party problems and their top leaders suggest similar remedial measures. The parties under reference are Congress and BJP. Both are plagued with...
Talking About India’s Lowliest Toilers – Scavengers
By Narendra Sharma NEW DELHI: The scavengers or sanitary workers belong to the lowliest of the toilers among the country’s 450 million workforce. Their working and living conditions which are worse than any other segment of the working class, have remained unchanged over centuries. With stick-broom and a tinplate...
CAG Pulls Up The Laggards In CSR
By Surojit Mahalanobis NEW DELHI: If business ethics do not catch up with your conscience, then the CAG will. The Comptroller and Auditor General (CAG) has found the Central Public Sector Enterprises (CPSEs) a slow or no-starter in their corporate social responsibility. At a report of audit on 114...
Post-Bofors, Nod For Purchase Of First Artillery Guns
NEW DELHI: India has finally cast away the “ghost” of Bofors. It has okayed the first purchase of artillery guns for its Army in 27 years. The Ministry of Defence today cleared the purchase of 145 specialised 155 MM artillery guns, the first artillery gun purchase since the Bofors...
NTPC May Issue Domestic Bonds For Funding Expansion
NEW DELHI: Public sector power producer NTPC may raise Rs 25,000-30,000 crore via domestic bonds to fund its expansion projects. This was disclosed by the company’s Director (Finance), Mr A.K. Singhal, at an investors’ conference call on Friday, a day after its fourth quarter of 2011-12 numbers. The company...
Indian Oil, Bharat Petroleum And Hindustan Petroleum On Petrol Pump Expansion Spree
NEW DELHI: State-run oil marketing firms Indian Oil, Bharat Petroleum and Hindustan Petroleum are on an expansion spree-setting up 3,100 petrol pumps outlets in 2011-12-brushing aside financial concerns arising out of their combined revenue loss of Rs 15,000 crore in the first nine months of this fiscal. ‘State-run fuel...
Shapoorji Pallonji, New Vernon to sell stakes in 3 IT Parks for Rs 2000 crore
BANGALORE: Shapoorji Pallonji Real Estate and PE fund New Vernon are selling their investments in three Information Technology (IT) parks in Chennai, Pune and Gurgaon for a cumulative value of 1,500-2,000 crore, a person directly involved in the transaction told ET. “They have been in the market for some...
RBI may sell dollars directly to oil companies to check rupee volatility
NEW DELHI: The government and the central bank are pondering over a plan to move bulk dollar purchases by oil marketing companies out of a turbulent currency market to make the weakening rupee less volatile. With a weekly demand of $2-3 billion, roughly one out of every 10 dollars...
IL&FS, LIC To Float $2-Billion Infrastructure Debt Fund
MUMBAI: IL&FS Financial Services Ltd (IFIN) and Life Insurance Corporation (LIC) will set up an infrastructure debt fund with a targeted corpus of $2 billion. LIC will pick up 10 per cent stake in the asset management company floated by IL&FS, the infrastructure development and finance company headquartered here....
