IPA Staff

 

11522 stories by IPA Staff

Safety Concerns Ground Mirage Fleet, French Team Helping Probe

After two successive crashes that have been pinned down to engine failure, the Indian Air Force (IAF) has grounded its fleet of Mirage 2000 fighters even as a French technical team has arrived to help probe the accidents. The front line fleet of 49 fighters, some of which are...

Mar 17 · >

Pharma Sector Says No Life In Budget

As usual, the pharmaceutical industry has termed the Union Budget a total disappointment. Though the FM has given a big bonanza to the pharma sector through extension of the 200 per cent weighted deduction for research & development (R&D) expenditure, raise in service tax to 12 per cent from...

Mar 17 · >

Sell-Off Target Feasible, Say Players

After falling short of the disinvestment mop-up targets this financial year as well as in the previous one, the government aims to mobilise 25 per cent less through selling stakes in state-owned companies in the next financial year. “The government will raise about Rs 14,000 crore from disinvestment in...

Mar 17 · >

Greener Pasture For Private Funds In Agriculture

If Pranab Mukherjee’s earlier Budget focused on addressing the supply-side constraints in pulses, oilseeds and fodder, this year’s Budget was skewed towards solving some of the persistent bottlenecks in the agriculture sector — such as irrigation, seed development and poor post-harvest facilities — by roping in the support of...

Mar 17 · >

FM Revives Hopes Of Aviation And Power Sector, Disappoints Oil Companies

The budget has fuelled hopes of a grand revival of the power sector, accelerated road projects, propped up wobbly airlines and given tax breaks to large projects, cheering power and road firms but oil firms seeking market prices for diesel and equipment makers aspiring for tariff protection were disappointed....

Mar 17 · >

FII Investment In Bonds To Help Markets

The budget presents a realistic assessment of the current political and economic situation. Targeting fiscal deficit at 5.1% and 4.5% of GDP for the next two years, along with subsidy at 2% of GDP, are reassuring for optimists. Sceptics would, of course, like to see execution through steps like...

Mar 17 · >

Allies will be consulted on ‘tough’ decisions: Manmohan

New Delhi: Against the backdrop of stiff opposition by UPA constituent Trinamool Congress to FDI in retail and rail fare hike, Prime Minister Manmohan Singh on Friday said the government will consult allies and take them on board whenever “tough” decisions are taken. In his reaction to the General Budget...

Mar 16 · >

SC sets up special bench to deal with 2G cases

New Delhi: A special two-judge bench was on Friday constituted by Chief Justice S.H. Kapadia for hearing all cases arising out of 2G spectrum allocation scam. In view of a large number of petitions and applications being filed in the apex court by the Centre, telecom companies and others after...

Mar 16 · >

Budget Makes Equity Market Attractive

By Anjan Roy NEW DELHI: Pranab Mukherjee’s budget has sought to deepen and widen the reach of the financial sector by bringing about several changes for participation in markets. The equity market has been made more attractive to the retail small investor by giving 50% income tax deduction to...

Mar 16 · >

Sensex dips 210 points on higher tax proposals

In highly volatile movements, the BSE benchmark Sensex on Friday plunged nearly 210 points as the government’s budgetary proposals to raise taxes dampened the market sentiment, even as global stock markets were firm. Sensex saw the day’s high of 17,871 but fell as Finance Minister Pranab Mukherjee unveiled the...

Mar 16 · >
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