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NEW DELHI: The Indian economy has witnessed a profound positive transformation in the last 10 years, Finance Minister Nirmala Sitharaman said on Thursday. Sitharaman in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, said the people of India are looking ahead to the future with hope and […]

The post Indian Economy Witnessed Profound Positive Transformation In Last 10 Years: Finance Minister first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The International Monetary Fund (IMF) on Tuesday raised India’s growth forecast for FY25 to 6.5%, from 6.3% projected earlier, saying domestic demand resilience will help carry forward growth momentum, while lifting its global economic outlook as well. “Growth in India is projected to remain strong at 6.5% in 2024 and 2025, with an […]

The post IMF Sees Higher India Growth Of 6.5 Per Cent Next Fiscal first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Listed private sector banks reported a 23.8 per cent year-on-year (YoY) growth in net profit at Rs 43,543 crore in the third quarter of Financial Year 2023-24 (Q3 FY24) on, gaining from high credit offtake and fall in costs. Sequentially, however, profits sharply moderated with just 1.8 per cent growth compared to Q2 FY24 […]

The post Private Banks’ Profit Jumps 24% On High Offtake, Lower Credit Cost first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving about Rs 70,000 crore from the central bank and the financial institutions (FIs) in the next financial year. In the interim Budget to be unveiled in the Lok Sabha on February 1 […]

The post Government May Set Higher Dividend Target In Budget first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty South Carolina’s Republican voters have to decide between Nikki Haley and Donald Trump. But where Nikki is “liked”, Donald is “loved”. And therein lies the rub for Haley, for whom winning her home state is a matter of prestige. However, prestige stands no chance against prejudice. South Carolina’s conservatives, the majority of […]

The post For Nikki Haley, Her Maha Battle Will Be Fought Against Trump In Her Own State first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas In recent weeks, Nepal has taken several major steps to firm up its faltering economy during the difficult post Ukraine war period. In the process, two of its recent decisions in terms of their diplomatic impact, can be perceived as a reminder to giant neighbours India and China, that Kathmandu prefers to […]

The post Nepal Balancing Well Its Economic Relations Between China And India first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Finance ministry on Monday said the Indian economy has remained resilient amid global headwinds on the back of robust domestic demand, an investment-led strategy due to a transformed climate and high level of public spending, macro-economic stability, apart from a spate of reforms initiated by government over the last 10 years. A review […]

The post Government, RBI Measures Have Kept Inflation In 2-6% Range: Finance Minister first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Indian economy is likely to achieve a growth rate of 7% in fiscal year 2025 after growing at or above 7% in 2023-24, driven by resilient domestic demand despite risks and uncertainties in the global economic landscape, according to a review of the economy unveiled on Monday. It also said India can […]

The post India Can Aspire To Be $7 Trillion Economy By 2030: Review first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Banks are unlikely to get any respite from declining current account-savings account (CASA) ratio in the first half of the current calendar year. Bankers do not expect any improvement in CASA ratio in near term as high interest rates on fixed deposits will keep attracting funds from current and savings accounts. “The gap between […]

The post Banks’ CASA Ratio To Remain Stressed first appeared on Latest India news, analysis and reports on IPA Newspack.

Democratic Progressive Azad Party (DPAP) chairman Ghulam Nabi Azad on Monday criticized the Congress party’s decision to embark on the Bharat Jodo Nyay Yatra alone, accusing them of neglecting potential allies. Azad expressed his discontent and said that going solo won’t lead anywhere. “This (INDIA bloc) was the only alternative left for the Congress party […]

The post Azad says INDIA Block unity broken due to Nyay Yatra move first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: North Block is expected to lower its fiscal deficit target meaningfully in FY25, in line with the post-Covid consolidation roadmap, but the Centre’s gross debt sales will likely remain at this FY’s record levels despite New Delhi expectedly slowing the pace of investments in capital assets. A slower pace of capital expenditure – […]

The post Govt May Prune FY25 Fiscal Gap Target To 5.3-5.4% On Slower Capex first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The top-level structure of public sector insurance companies is set to undergo an overhaul with the selection process and interviews for filling up the nine posts of executive directors (EDs) in place of general managers and directors (GMDs) expected to be completed soon. The ED structure for PSU insurers, which will be introduced for […]

The post PSU Insurance Top Brass To Undergo An Overhaul, ED Posts To Replace GMDs first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: The Central investigation agency, Enforcement Directorate(ED), which has been accused of acting as a political tool in the hands of the Union Government, has been at the receiving end in Kerala besides Bengal. The ED suffered two setbacks in quick succession causing it accurate embarrassment. The first snub came when former […]

The post ED Suffers Yet Another Setback In Kerala first appeared on Latest India news, analysis and reports on IPA Newspack.

The crude oil market share of the Organization of Petroleum Exporting Countries (OPEC) has been declining since the cartel  came out with its Declaration of Cooperation (DoC). The share is under increasing threat from non-OPEC+ countries, analysts say. According to research agency BMI, a unit of Fitch Solutions, propping up Brent through DoC has come […]

The post OPEC Losing Crude Oil Market Share As It Cuts Output To Lift Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

By Annie Domini The much-awaited order from the International Court of Justice (ICJ) at The Hague in the case of genocide by the State of Israel against the Palestinian people in the Gaza Strip, brought before the world court by the Republic of South Africa, came out on 26 January 2024 and it’s crystal clear: […]

The post World Court Tells Israel To Stop Its Genocide Of Palestinians first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Walmart group firm Flipkart continues to dominate the e-commerce segment with 48 per cent market share while Softbank-backed Meesho has emerged as the fastest growing e-commerce platform in terms of user base in India, a latest report by AllianceBernstein said. According to the report, Flipkart’s user base grew 21 per cent year-on-year (YoY), […]

The post Flipkart Leads E-Comm Market With 48% Share, Meesho Fastest Growing Platform: Bernstein first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and the UK will likely sign an agreement in early February to spurt flow of London-based patient capital funds the burgeoning infrastructure sector of the world’s fifth largest economy. India is aiming for $5-10 billion inflows in the initial phase to establish a proof of concept in project financing for investors to […]

The post India Looks To Tap London Funds For Infrastructure Investment first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Private banks have continued to grow their personal loan books in the September-December quarter even after the Reserve Bank of India (RBI) raised risk weights for unsecured loans. According to the banks’ latest quarterly numbers, their personal loan books have risen between 10% and 86% year-on-year (yoy). Leading banks like ICICI Bank, Kotak Mahindra […]

The post Private Banks Grow Personal Loan Book Aggressively first appeared on Latest India news, analysis and reports on IPA Newspack.

By Devasis Chattopadhyay India celebrates her 75th Republic Day. Different states and Union Territories are marking this special day with celebrations. Like all previous Republic Days, on New Delhi’s Kartavya Path (erstwhile Rajpath), this year too, a group of finest horsemen attired in exquisite red coats, elegant golden sashes, and magnificent turbans would accompany our […]

The post President’s Body Guard, The Elite Horsemen Carry A 250 Year Old Legacy first appeared on Latest India news, analysis and reports on IPA Newspack.