11642 stories by IPA Staff
Oil Mixed In Asian Trade
SINGAPORE: Oil prices were mixed in Asian trade today, as investors weighed concerns over a supply disruption in the West Asia and a surge in US crude stockpiles, analysts said. New York’s main contract, light sweet crude for delivery in April was up 25 cents to $105.68 while Brent...
Mid-Quarter Monetary Policy Review: March 2012
Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility...
Highlights Of Economic Survey 2012
Here are the highlights of the Economic Survey 2012 that will put forth the challenges that Pranab Mukherjee faces ahead of the Union Budget 2012, to be presented tomorrow. Highlights: * Growth estimated at 6.9% for the Current financial year * Growth estimated at 7.6% for FY’12 –’13 and...
Biz Jet Maker Gulfstream Upbeat On India
HYDERABAD: Aircraft maker Gulfstream Aerospace Corp has garnered a big chunk of business jets business in the Asia-Pacific region and sees India as the next big opportunity along with China. Taking part at the India Aviation Show 2012 being held at Hyderabad, top executives of Gulfstream stated that their...
IAF Initiates Process Of Inducting LCA
The Indian Air Force has initiated the process of inducting the Light Combat Aircraft (LCA) ‘Tejas’ and has placed an order for 40 aircraft with HAL. The Initial Operational Clearance-1 (IOC-1) for the aircraft was achieved in January, 2011. The advance version of the LCA, Tejas Mark-II aircraft is...
Statement on Mid Quarterly Review by Mr Chandrajit Banerjee, Director General, CII
With industrial (IIP) growth in the April – January 12 period at 4 percent, industry needs strong easing signals from the RBI in order to ensure that investments pick up. Capital creation in the economy has been growing at a negative pace and this does not bode well for...
EADS Arm Cassidian Gets India CEO
BANGALORE: Cassidian, the defence and security arm of European aerospace major EADS, has named the first chief executive for Indian operations. Dr Peter Gutsmiedl will be based in Bangalore, where Cassidian started an engineering centre a year ago. “Based in the heart of India’s aerospace and defence industry, he...
Leased Russian N-Submarine To Reach India By Month-End
NEW DELHI : A nuclear-powered submarine India has leased from Russia will reach Indian shores by this month-end, a defence ministry official said here Wednesday. “The submarine will be here in a fortnight,” the official said on condition of anonymity, on the sidelines of a defence investiture ceremony at...
Why Muslim Headcount In Indian Army Necessary?
The Indian army is expected to remain a truly secular institution, without any prejudice or bias towards any religion, caste or creed. The Chiefs of this national army have come from different religious backgrounds. But interestingly, none came from the Muslim community. The Sachar Committee which was formed...
Protest Lodged With Pak About Bunkers, Antony Tells RS
NEW DELHI: Defence Minister AK Antony today told Parliament that India has time and again lodged protest with Pakistan about construction of new bunkers and watch towers along its border region. “Protests have been lodged with the Pakistan Rangers and flag meetings of Field Commanders are held in all...
