IPA Special

Oil prices can increase further, says Mark Mobius

SINGAPORE: Franklin Templeton funds that focus on developing economies are heavily invested in energy stocks as the firm believes oil prices have room to increase further, the head of its emerging markets group Mark Mobius said on Tuesday. “If you look at inflation and the oil price over the...

Mar 20 · >

India is committed to realise the India-Africa bilateral target of $90bn by 2015: CII

India is firmly committed to realise the new bilateral trade target of $90 billion by year 2015. The concessional duty tariff extended by the Indian government to the least developed countries in Africa is expected to step up African exports to India. Stating this in his address at the...

Mar 20 · >

RBI: Easing growth may help contain inflation

NEW DELHI | (Reuters) – Slowing growth and a fall in commodity prices may help rein in inflation, a deputy governor of the Reserve Bank of India said on Tuesday, fueling expectations of a rate cut in the central bank’s April monetary policy review. Bond yields and swap rates...

Mar 20 · >

India's infant mortality rate worse than neighbours, says government

NEW DELHI: India’s infant mortality rate of 47 per thousand live births is worse than its neighbouring countries like Nepal, Sri Lanka and Bangladesh, Health and Family Welfare Minister Ghulam Nabi Azad said. “In India, the infant mortality rate (IMR) is 47 per thousand live births which translates into...

Mar 20 · >

Government eyes Rs 1,500 crore revenue from Phase III FM radio license auction

NEW DELHI: The government today said it expects to garner Rs 1,500 crore in revenue from the auction of FM Radio Phase III license, for providing services in 227 cities, in addition to 86 cities covered currently. “Total revenue expectation from three phases of (Phase III) FM radio auction...

Mar 20 · >

BJP slams Govt for claiming BPL number has fallen

The BJP today hit out at the government and the Planning Commission for its claim that the number of people living below the poverty line has fallen, alleging that the Manmohan Singh regime has lowered the daily income level and appears to be setting a “starvation line”. Deputy Leader...

Mar 20 · >

Govt survives Rajya Sabha test with the help of TMC

After winning votes in the Lok Sabha on its proposed National Counter Terrorism Centre (NCTC), yesterday, the government survived the Rajya Sabha test too today, defeating BJP and Left amendment motions on the issue. Both the Samajwadi Party and the BSP voted with the government. The SP had supported...

Mar 20 · >

Congress Learning No Lessons From UP Debacle

By Amulya Ganguli If the Congress leadership is serious about learning lessons from the recent electoral setbacks, as both Sonia and Rahul Gandhi have said, there will be no better place to start than in paying heed to Salman Rushdie’s strictures against the party’s futile policy of minority appeasement....

Mar 20 · >

Mukul Roy sworn in as Railways Minister

New Delhi: Trinamool Congress leader Mukul Roy is the new Railways Minister. He was sworn in at the Rashtrapati Bhawan on Tuesday morning; he replaces party colleague Dinesh Trivedi who resigned on Sunday. It was mission accomplished for Trinamool Congress chief Mamata Banerjee. Mukul Roy, who was the Minister...

Mar 20 · >

India Inc Feels Tremors Of Finance Minister's Tax Proposals

MUMBAI: The unbridled freedom and powers given to tax authorities in this year’s Budget could spark a furious face-off in the coming months between companies determined to protect their profits in a slowing economy and an equally resolute tax department eager to wrest every last bit of revenue, experts...

Mar 20 · >