IPA Special

BRICS meet will address mistrust, says China

Top Chinese officials said on Tuesday that working with India under the BRICS (Brazil, Russia, India, China and South Africa) umbrella would help address long-persisting mistrust between the neighbours, adding that they expected specific bilateral outcomes from President Hu Jintao’s visit to New Delhi next week for the fourth...

Mar 21 · >

More Voting Rights To India, China: Christine Lagarde

NEW DELHI: The International Monetary Fund is keen to implement quota reforms that will give more voting rights to economic powers like India and China, managing director Christine Lagarde has said. “Change is in the air,” Lagarde said at an event organized by IMF and the Indian Council for...

Mar 21 · >

Irda to decide on letting LIC retain stake in banks

MUMBAI: The Insurance Regulatory and Development Authority (Irda) will soon decide on whether to allow Life Insurance Corporation of India (LIC) to retain its holding in public sector banks where it has breached the 10% limit. In the current quarter, LIC has invested over Rs 8,000 crore in state-run...

Mar 21 · >

Indian stocks edge higher; banks lead way

MUMBAI, March 20 (Reuters) – Indian shares posted their first winning session in four with lenders recovering as recent steep losses were overdone, but bigger gains were capped by auto stocks such as Tata Motors, which fell because of worries about lower sales. The National Stock Excahnge Bank index...

Mar 20 · >

Journalists' Wage Boards: Trinamool MPs to meet Manmohan

New Delhi: Strongly supporting media persons’ demand, Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee on Tuesday said her party MPs will soon meet Prime Minister Manmohan Singh to ensure that the demand for implementation of the wage boards is met. Addressing a large number of journalists...

Mar 20 · >

Kudankulam returns to full strength, first unit to be commissioned soon

Tirunelveli (Tamil Nadu): Amid tight security, Kudankulam Nuclear Power Plant returned to full strength on Tuesday after the Tamil Nadu government gave the go-ahead to the stalled Indo-Russian project with officials hoping the first unit would be commissioned “as soon as possible”. “We are happy that the government is...

Mar 20 · >

Rajya Sabha Victory A Good Omen For Reforms

By Nitya Chakraborty The reforms lobby in the UPA-2 Government was in an upbeat mood on Tuesday afternoon after the defeat of the opposition amendments in Rajya Sabha to the President’s address by a comfortable margin. Out of the total of 245 members in Rajya Sabha, the UPA-2 has...

Mar 20 · >

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 · >