11844 stories by IPA Staff
Will replace Trivedi if needed: PM
Prime Minister Manmohan Singh Thursday said the government will consider replacing Railway Minister Dinesh Trivedi if the situation demands. “Well, if anything like this develops, we will consider it,” Manmohan Singh told reporters in parliament when asked whether he would consider replacing Trivedi following demands by Trinamool Congress leader...
Trivedi has not resigned: Pranab
Railway Minister Dinesh Trivedi has not resigned, Finance Minister Pranab Mukherjee told the Lok Sabha today. He, however, said that Prime Minister Manmohan Singh has received a communication from Trinamool Congress chairperson Mamata Banerjee which was under “active consideration”. “As and when a decision will be taken, the House...
Sensex falls, snapping winning streak on RBI
Mumbai (Reuters) – The BSE Sensex fell for the first time in five sessions on Thursday as sectors sensitive to interest rates such as banks and real estate firms dropped after the RBI kept its policy unchanged and voiced a more hawkish stance than investors had expected. The main...
Shahid Kapoor is dating Nargis Fakhri!
Just last month, Shahid Kapoor celebrated his birthday in great style over a four-day weekend at Goa’s sun-kissed Morjim beach. What’s more, while most of his guests flew down for the big party much later, he left earlier, accompanied by a certain Nargis Fakhri. Ever since, there has been...
India 4th largest economy but has low per capita income
NEW DELHI: India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed today. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its...
Will Congress' relationship status with Mamata change?
New Delhi: Exhausted by Mamata Banerjee’s diktats that have blocked economic reform, the Congress is deciding whether to reboot the ruling UPA coalition that it leads. Ms Banerjee, unpredictable and temperamental at the best of times, has 19 Lok Sabha MPs. The Congress is increasingly confident that if she...
Akhilesh defends decision to induct Raja Bhaiyya in cabinet
New Delhi: New UP chief minister Akhilesh Yadav, who has been feted for trying to keep away people with dubious antecedents from the Samajwadi Party as he fought a winning battle for UP, will find himself having to repeatedly explain the induction of Independent MLA from Kunda, Raghuraj Pratap...
Crisis over Dinesh Trivedi looms over tomorrow's Union Budget
New Delhi: Railway Minister Dinesh Trivedi looked set to quit on Thursday after a storm broke out over his move to raise passenger fares, underscoring the government’s inability to take unpopular policy steps amid growing speculation the ruling coalition could break up. Breaking with years of populist policies, Mr...
Statement on Economic Survey 2011-12 by Chandrajit Banerjee, Director General, CII
CII notes that the Economic Survey projects recovery in GDP growth in the next two fiscals to 7.6% and 8.6% respectively. CII’s concerns on high interest rates, falling investment and high fiscal deficit having impact on industrial growth has been rightly highlighted by the Economic Survey. Concerted actions on...
RBI Keeps Key Rates On Hold In Its Budget-Eve Review – Inflation Risks; To Shape Timing And Size Of Rate Cuts
As widely expected, the Reserve Bank of India has refrained from immediate action on lowering of key lending rates till there are signs of further easing of inflation. Its mid-quarter review on the eve of Budget has kept repo and other policy rates unchanged while it has recently effected...
Economic Survey, Credit Policy Call On Pranab To Deliver Tough Budget
Finance minister Pranab Mukherjee has got enough indicators to deliver a ‘tough’ budget. The economic survey tabled in the Parliament today and the Reserve Bank ofIndiacredit policy announced earlier cry out for a fiscal consolidation. A tough budget means raising tax revenue and cutting on government expenditure. A slow...
New Third Front May Be A Non-Starter
By Kalyani Shankar The idea of an alternate Front often surfaces just before or after the polls. The fact that such a front consisting of left and some regional parties ruled the country more than once gives the hope for the Third Front strategists who are waiting for another...
Political Delicacies: Congress Open To Left Backing Again
by Nora Chopra The Congress will be open to taking support from the left both in getting its MP elected to Rajya Sabha fromWest Bengalas well as in the election of the President if Mamata does not collaborate. West Bengal Assembly can elect five Rajya Sabha MPs out of...
Travelex, PE Giants Race For Thomas Cook India
NEW DELHI: Thomas Cook had received at least eight proposals from potential buyers, the travel company said on Wednesday, as it closed bids for the sale of its Indiabusiness. Several private equity and global investment firms, including Kohlberg Kravis Roberts (KKR), Carlyle Group, Everstone Capital, T A Associates, and...
Want Money? Shun Non-Core Activities, Says FinMin To Banks
MUMBAI: Banks receiving capital support from the government will have to think twice before putting money in non-core businesses. This is a condition that has been laid down by the finance ministry which, however, has not spelt out the activities that can be described as non-core. This was indicated...
Coal India May Divert Coal Under E-Auction To Power Firms
NEW DELHI: To meet fuel supply commitments to the power sector, the government today said CIL might divert a portion of the coal meant for e-auction to power plants. “… Coal India Ltd (CIL) may reduce coal meant for e- auction from 10 to 7 per cent of its...
China, India 2030 Coal Imports May Hit 1.4 Billion Tonnes
NEW DELHI: China’s thermal coal imports could soar to one billion tonnes in 2030 from just 175 million in 2011 , while India’s imports will be at least 400 million tonnes in that same year, five times last year’s levels, research consultants Wood Mackenzie said. Imports will rise as...
Coal Minister To Issue Show Cause Notices To 58 Block Allocatees
NEW DELHI: The government today said it has decided to issue show-cause notices for deallocation to allocatees of 58 coal blocks for sitting idle on captive mines. The decision was taken by a review panel headed by Coal Additional Secretary Zohra Chatterji. “The committee has given its recommendations and...
