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By D Raja On February 18, 1958, T T Krishnamachari (TTK), the then finance minister of the Union government, resigned from his cabinet position. What led to his resignation was the LIC-Mundhra Scam, in which the newly formed Life Insurance Corporation of India invested Rs 1.26 crores in the firms controlled by Haridas Mundhra, a […]

The post Time To Recall T T Krishnamachari’s Resignation In 1958 Over Mundhra Scam first appeared on IPA Newspack.

By Nantoo Banerjee With government banks and financial institutions involved in massive funding in the lately stock-crashed Adani group enterprises, legislators from India’s main opposition parties are understandably concerned. Last week, even the Supreme court sought to know from the government and market regulator the steps needed to improve the regulatory and statutory mechanisms to […]

The post Debt-Heavy Adani Group May Take Time To Overcome That Sinking Feeling first appeared on IPA Newspack.

By Arun Kumar Shrivastav Indian tourism market is slowly but surely taking the centre stage. With Ganga Vilas, India is setting the stage for high-budget tourism products. That could bring a paradigm shift in the way the Indian tourism market is looked at. A four-day meeting of the G20 Tourism Working Group was held from […]

The post Indian Market Has Been Drawing Big Attention Of Global Tourism Industry first appeared on IPA Newspack.

By Sushil Kutty Is Adani-Modi and the so-called Hindenburg revelations that brought the alleged murky ties between a prime minister and a stinking rich moneybag an issue in the Tripura assembly elections, the first of nine state assembly elections scheduled for 2023? The answer is, there is so far nothing to indicate ‘yes’ or ‘no’. […]

The post Opposition Parties Have To Force The Prime Minister To Agree To JPC Into Adani Affairs first appeared on IPA Newspack.

By Arun Srivastava While the 140 crores Indians, even those spread across the world, were impatiently awaiting a resilient rebuttal from their prime minister Narendra Modi to the allegations levelled by the Congress leader Rahul Gandhi against him of patronising and promoting corporate giant Gautam Adani, who allegedly indulged  in financial irregularities and fraud, Modi, […]

The post Narendra Modi Beats His Own Drum In Lok Sabha Speech Without Touching Adani first appeared on IPA Newspack.

By Krishna Jha Prime Minister Narendra Modi has blocked the demand raised by the Opposition in the Parliament for an enquiry to be monitored by the Supreme Court or to set up Joint Parliamentary Committee to investigate the Adani group’s manipulations of the stock market and fraud and into the allegations levelled against the industrialist […]

The post Prime Minister’s Refusal To Probe The Fraud In Adani Group Smacks Of An Unholy Alliance first appeared on IPA Newspack.

By Arun Srivastava It is for the first time in the history of the RSS, the proponent of politics and philosophy of Hindutva, that it has come out in the favour of a capitalist. The reason is simple: to protect the interest of its political front, the BJP, and its public face, Narendra Modi. The […]

The post India’s Crony Capitalism Thriving With Tacit Support Of State Power first appeared on IPA Newspack.

GV Sanjay Reddy, Vice Chairman of the conglomerate GVK, has strongly denied Congress MP Rahul Gandhi’s comments that the Modi government arm-twisted GVK and “hijacked” Mumbai airport from the conglomerate and handed it to the Adani group. “There was absolutely no pressure from the Adani group or anyone else to sell Mumbai airport,” Reddy told […]

The post GVK group denies Adani arm-twisted it for Mumbai airport first appeared on IPA Newspack.

By P. Sudhir A small US investor firm has challenged the Indian behemoth, the Adani group, and shaken it to its foundations.  The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshalling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies […]

The post Investigation Into The Entire Business Activities Of Adani Group Is Imperative first appeared on IPA Newspack.

A day after Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24, opposition leaders continued thier attack against the government over several aspects of the budget. Chhatisgarh Chief Minister Bhupesh Baghel raised questions over the ‘shocking’ budget allocation to the Indian Railways. Baghel flagged off his concerns and questioned why the railways was being mordernised […]

The post CM Baghel questions ‘shocking’ budget share for railways first appeared on IPA Newspack.

By Nantoo Banerjee The massive boost in infrastructure spending proposed in the 2023-24 budget is expected to be the biggest growth driver of the county’s economy with several sectors such as steel, coal, power, engineering, automobile and banking are expected to do well. The infrastructure spending along with the focus on tourism, urban development covering […]

The post 2023-24 Budget Provides Big Boost For Industry, Tourism first appeared on IPA Newspack.

By Sushil Kutty What does the 2023-24 budget mean for the BJP in fighting the coming polls, including the nine in 2023, and the one in 2024? A simple question, with a simple answer: Budget 2023-24 has been drafted as a saviour! The BJP wants to win as many of the nine assembly elections as […]

The post Last Full Budget Before 2024 Polls Has Potential To Help BJP In Its Campaign first appeared on IPA Newspack.

By K Raveendran Increased tax collections in view of a post-Covid pickup in the economy, easing of commodity prices as part of a global trend and lower subsidies on account of a reduction in food and fertilizer subsidy, apart from the withdrawal of Covid-related reliefs have given finance minister Nirmala Sitharaman a lot of elbow […]

The post Relatively Favourable Conditions Help Finance Minister Go For A Capex Boost first appeared on IPA Newspack.

By Arun Srivastava In one stroke the empire of the world’s third richest till the other day, Gautam Adani, which he had built on the edifice of dishonesty and crony capital has been crashed. The assault has come from the US-based Hindenburg Research which charged the Adanis of being “engaged in a brazen stock manipulation […]

The post Hindenburg Exposure Underlines Patronage Of Ruling Govt To Adani Group Companies first appeared on IPA Newspack.

  Heavy snowfall in Kashmir’s Srinagar might dampen the celebratory spirit of the closing ceremony of Congress’s pan-India foot march ‘Bharat Jodo Yatra’, scheduled for today. Congress is organising a mega rally at Sher-I-Kashmir Cricket Stadium to mark the end of 135-day long Kanyakumari to Kashmir yatra. Besides the entire Congress leadership, over a dozen […]

The post Heavy snowfall may disrupt grand finale of Rahul’s Yatra first appeared on IPA Newspack.

By Dr. Gyan Pathak India is now the most populated country in the world with a very high rate of urbanization that is expected to reach 41 per cent by 2030 according to the latest estimate of the World Bank in 2022. In 2021, the urbanization rate was 35 per cent as against 26 per […]

The post Lessons For High-Speed Rail Development In India Amidst Defects first appeared on IPA Newspack.

By Nantoo Banerjee The best thing the Narendra Modi government’s last full budget before the next Lok Sabha election can do is to focus primarily on job creation and provide attractive incentives to large industrial investments to help push quality employment. The government has done reasonably well in the infrastructure investment sector, despite various constraints […]

The post Union Budget 2023-24 Should Focus On Jobs first appeared on IPA Newspack.