IPA Special

Railway Budget 2012-13: A Modest Revision In Rail Fares, In Almost A Decade, To Reduce Working Losses

By S. Sethuraman The Railway Minister Mr Dinesh Trivedi, in his maiden budget for railways in 2012/13 presented to Lok Sabha on Wednesday, holds out plans of greater safety for passengers and modernization of the largest undertaking in the 12th plan period with a modest revision of fares for...

Mar 14 · >

Statement On Railway Budget By Chandrajit Banerjee, Director General, CII

CII appreciates the bold and pragmatic budget presented by the Hon’ble Railway Minister. The heightened focus on safety and modernisation is welcome and meets many CII pre budget recommendations. Increase in fares after several years will impart greater flexibility for future requirements. We also welcome the stress on public...

Mar 14 · >

Sirsa recorded 10% increase in the literacy rate

Chandigarh, March 14 – The Sirsa District in Haryana has recorded a ten percent increase in the literacy rate due to the effective implementation of various programmes under the Backward Area Grants Commission. In fact, a revolutionary increase of 11 percent has been witnessed in female literacy rate during...

Mar 14 · >

HAU V-C inaugurating a Kisan Mela in Hisar

Vice Chancellor of Haryana Agricultural University, Hisar, Dr K.S.Khokhar inaugurating a Kisan Mela in Hisar on March 14

Mar 14 · >

Rise In Food Inflation A Cause For Concern, CII

The inflation rate, which had shown moderation in the last two months, has once again shown signs of revival which is a cause for concern to industry which had hitherto been hopeful of declining trend to continue. If such a trend continues, then it is highly unlikely that the...

Mar 14 · >

New Uttar Pradesh Assembly Has Now More Women

By Rashmi Saksena The Uttar Pradesh Assembly poll results are supposed to bring cheer to women for one singular fact. The newly constituted 16th Assembly of UP has the highest number of women MLAs in the history of the state Legislature since Independence. Of the 403 seats, women have...

Mar 14 · >

Budget Needs Innovative Approach

By Anjan Roy  The index of industrial production (IIP), on March 12, can be viewed as a pointer to what the forthcoming budget should do. Even if the overall IIP has shown a jump in January, the disaggregated figures reveal the underlying shortcomings and failings. An analysis of the...

Mar 14 · >

Schroders Set To Acquire 30 Per Cent Stake In Axis AMC

SCHRODERS SET TO ACQUIRE 30% STAKE IN AXIS AMC   MUMBAI: Schroders, the UK-based asset management giant that manages close to $291 billion in assets, is set to acquire nearly 30 per cent stake in Axis Asset Management Company, sources familiar with the deal have told Business Standard. The...

Mar 14 · >

Despite CRR Cut, Banks Raise Short-Term Money At Higher Rat

MUMBAI: Banks are raising short term money at much higher price than what they paid prior to the CRR cut, a move that would impact their margins but is aimed at renewing deposits that are due to mature this year-end. In the last two days, banks have paid 11.35%...

Mar 14 · >

Defence Ministry Clears Promotions Of Senior Army Officers

After seeking a slew of clarifications over the past five months, the Ministry of Defence today cleared the much-awaited promotions of senior Army officers, albeit with a rider. Despite the clearance of the promotion list today, the Ministry will separately review the promotion policy which, at present, allows for...

Mar 14 · >