11642 stories by IPA Staff
RBI Tells Exporters To Sell Dollars To Give Rupee A Leg Up
MUMBAI: The Reserve Bank of India ordered exporters to convert half of their foreign exchange earnings kept in bank accounts into Indian rupee to prop up the worst-performing BRICS currency, a day after it closed at a record low, prompting fears of a further slide. But the relief lasted...
Cabinet Defers Decision On Insurance Bill Changes
MUMBAI | NEW DELHI: The union cabinet on Thursday deferred a decision on modifications to the insurance amendment bill as did not see great hurry in moving changes to the law if it could not increase the foreign direct investment in the sector to 49% from 26%. The cabinet...
Soaring Drug Prices, Rising Medical Costs
By Nantoo Banerjee Blame it to the policy paralysis or policy death in New Delhi’s corridors of power, the drug and healthcare industry is having a field day in India raising prices, costs of hospitalization and clinical tests and doctor’s fees at will. The Insurance Regulatory and Development Authority’s...
Akhilesh To Set Up Commission
From Pradeep Kapoor LUCKNOW: Stage is set for Akhilesh Yadav government to set up high level commission to look into various cases of corruption to the tune of several thousands of crores of rupees during Mayawati regime. It would be worth mentioning here that Chief Minister Akhilesh Yadav has...
Kolkata Gets A Big Focus In U.S. Programme
From Ashis Biswas KOLKATA: As far as the US and Western democracies are concerned, fresh winds of change are blowing over West Bengal and Bangladesh, which together form a strategically important segment of South Asia. The election victory of the nationalist Awami league over the fundamentalist BNP was a...
India – A Natural Leader In The Indian Ocean
India has positioned itself as a natural leader of the Indian Ocean region due to it’s strategic location and operational capability. The Indian Navy was asked to be prepared to meet any eventualities in view of the complex emerging security matrix in the region. India has a very strategic...
Navy Permitted To Decommission, Destroy Damaged Warship
The Bombay High Court Tuesday permitted the Indian Navy to decommission and destroy a frigate which had partially sunk after a collision with a foreign ship almost one-and-a-half years ago, an official said. Justice Roshan Dalvi granted the clearance in response to an application filed by the Indian Navy...
HPCL May Sign Crude Import Pact With Azerbaijan Firm
HYDERABAD: The HPCL board will consider signing crude import agreement with the State Oil Company of Azerbaijan Republic (SOCAR), a top official has said. The Azerbaijani company has come forward to supply crude and the proposal will be taken up with the HPCL Board, said K Murali, Director Refineries,...
Bharti may buy 26% in Qualcomm venture, get a leg-up in BWA space
NEW DELHI: US telecom giant Qualcomm Inc will rope in an operator as partner, who would initially pick up the 26 per cent stake held by Tulip Telecom and GTL Group in its India broadband wireless access (BWA) venture. The two hold 13 per cent each in the venture. Talks...
Panel Moots SEBI-RBI Mechanism To Track Foreign Fund Flows
NEW DELHI: The parliamentary standing committee on finance has proposed a Securities and Exchange Board ofIndia(Sebi) and Reserve Bank of India (RBI) co-ordination mechanism to monitor foreign investments in the stock market. In its report on the Prevention of Money Laundering (Amendment) Bill, 2011, tabled in Parliament today, the...
