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By Nitya Chakraborty On June 21, 1991, the 70-year-old Congress veteran P V Narasimha Rao took oath as the Prime Minister of a minority government amidst massive political uncertainty over its longevity. The Congress had got only 232 seats as against the usual majority of 272 in the Lok Sabha with the total strength of […]

The post Bharat Ratna, P V Narasimha Rao Carried Out A Surgical Operation On Indian Economy In 1991 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Reserve Bank Deputy Governor M Rajeshwar Rao on Friday said it is uncharacteristic of non-bank lenders to seek bank licences when they are already enjoying some regulatory advantages. Addressing a conference on non-bank finance companies (NBFCs) organized by CII, Rao also hit out at certain microlenders for “misusing” the liberty offered by the regulator […]

The post Uncharacteristic Of NBFCs To Seek Bank Licences: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Ahead of Indian sovereign debt’s inclusion in global bond indices, some banks have on behalf of their overseas clients requested the Reserve Bank of India to permit international electronic trading platforms to execute trades in domestic government securities in order to ease market access. “Following JP Morgan’s decision to include Indian bonds in their […]

The post Allow Foreign Electronic Trading Platforms To Execute Trades In G-Secs: Banks To RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India continues to be a preferred destination for foreign direct investment (FDI) despite soaring global interest rates, commerce and industry minister Piyush Goyal said Friday. The hardening of interest rates had led to capital flowing back to developed nations. “That was a period where one would have imagined a much deeper impact on […]

The post India Bright FDI Spot On Global Map Despite Rates Soaring Worldwide first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak ‘White Paper’ is a document containing information about pressing issues before the government explaining their plans before their introduction. It is therefore absurd and ridiculous for a government to issue a white paper, after a delay of 10 years while it slept, at a time when its term is set to […]

The post Modi Govt’s White Paper On UPA Regime Is Full Of Distortions And Cherry Picking Of Data first appeared on Latest India news, analysis and reports on IPA Newspack.

The Lok Sabha is holding a 12-hour discussion on the ‘White Paper’ presented by Finance Minister Nirmala Sitharaman today. The document highlighted the corruption, scams, economic mismanagement and poor policy planning in the United Progressive Alliance (UPA) government. Nirmala Sitharaman tabled the White Paper in the House in both Hindi and English languages. While it […]

The post Lok Sabha debates ‘White Paper’ exposing UPA failures first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In what could be seen as a policy shift, Prime Minister Narendra Modi on Wednesday said the central public sector undertakings (CPSEs) had gained in strength over the last decade, with “most of them giving record returns (dividends and rise in valuation)” to the stakeholders. Investors have reposed their faith in CPSEs, thanks […]

The post CPSEs Stronger, Giving Record Returns: PM first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The much-contested question whether a private investment cycle has commenced and becoming broad-based still has economists divided. The private sector is witnessing “record-profits” and so, should feel comfortable in making investments in the economy, Sanjeev Sanyal, member, Prime Minister’s Economic Advisory Council told FE, while adding that there is adequate evidence that corporate […]

The post Economists Divided On Revival Of Private Capex first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s central bank today left its inflation forecast for this fiscal year unchanged at 5.4%, despite food price rise concerns, uncertainty around crude costs even amidst a recent slump and chances of domestic growth momentum creating demand pressure on inflation. The Reserve Bank of India left the inflation aim unchanged at 5.4% and expects it […]

The post Reserve Bank Leaves Inflation Projection For FY24 Unchanged At 5.4% first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Advent International, the US private equity firm behind some of the biggest leveraged buyouts and conglomerate carve-outs, including the €17.2-billion acquisition of Thyssenkrupp’s elevator business in 2020 along with co-investors and the €1.8 billion joint takeover of Royal Bank of Scotland’s payments business, Worldpay, believes India is among the world’s most attractive markets where […]

The post Advent Looking To Deploy $5 To $10 Billion In India Over The Next Five Years first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Leading up to its next policy announcement, the Reserve Bank of India (RBI) has stepped up liquidity draining operations, signalling that while the central bank may tolerate overnight rates aligning with the repo rate after six months, it is not comfortable with financial conditions turning any easier than that. Over the past four days, […]

The post RBI Steps Up Auctions To Drain Liquidity first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: The market size of the Indian enterprise fintech sector is projected to reach $20 billion, according to a report by venture capital firm Chiratae Ventures and finance consultancy Digital Fifth. The market size of the enterprise fintech sector was reported to be at $2.7 billion in 2022. The BFSI industry is rapidly transforming, driven […]

The post Indian Enterprise Fintech Sector May Reach $20 Billion: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) has amended norms pertaining to insolvency resolution process for personal guarantors and voluntary liquidation process. Changes have been made to the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors regulations and Bankruptcy Process for Personal Guarantors to Corporate Debtors regulations. Restrictions have been removed […]

The post IBBI Amends Norms Related To Insolvency Resolution Process For Personal Guarantors first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Enforcement Directorate and the Financial Intelligence Unit have asked the RBI to share its report on the recent action taken to bar Paytm Payments Bank Ltd from accepting deposits or top-ups in customer accounts, official sources said on Tuesday. Federal agencies ED and FIU, tasked with checking violations under the Prevention of […]

The post FIU, ED Seek Report From RBI on Paytm first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI/NEW DELHI: Facing an uncertain future following severe restrictions imposed by RBI, Paytm brass has held talks with FM Nirmala Sitharaman and the regulator, in a bid to impress upon them to reverse the decision. While executives of the bank, including founder Vijay Shekhar Sharma, met RBI officials on Monday, they called on the FM […]

The post Paytm Top Brass Meets FM, RBI Officials Amid Stiff Curbs first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Banks have witnessed strong growth corporate loans in the third quarter, driven by demand from companies in the infrastructure and power sector. With economy expected to grow at a faster pace and the government’s focus on strengthening the infrastructure, lenders expect the corporate loan demand to remain firm in the coming quarters. “We have […]

The post Infrastructure Drives Banks’ Corporate Loan Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

By Tirthankar Mitra At a time when Trinamool Congress supremo, Mamata Banerjee is announcing her intent of going alone in the 2024 Lok Sabha elections, she seems to have overlooked that the company of Congress can help her regain some constituencies in north Bengal. The outfit she founded after breaking away from Congress way back […]

The post BJP May Substantially Gain In North Bengal If There Is No TMC-Congress Alliance first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Organization for Economic Co-operation and Development (OECD), in its latest interim economic outlook released on Monday, raised India’s growth outlook for 2024-25 (FY25) to 6.2 per cent from the 6.1 per cent estimated earlier in its November outlook. “The emerging-market (EM) economies have generally continued to grow at a solid pace, despite […]

The post OECD Marginally Raises India’s GDP Growth Forecast To 6.2% For FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.