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DAVOS: The global leadership is convinced that Prime Minister Narendra Modi will return to office after this year’s elections and is looking for the continuity of policy and social sector reforms put in place by him, Union Minister Smriti Irani said on Wednesday. In an interview to PTI at the World Economic Forum Annual Meeting […]

The post Global Leadership Also Convinced Of PM Modi’s Return To Office: Smriti Irani first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark Sensex nosedived 1,628 points or 2.23 per cent on Wednesday, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares triggered by weak global trends. The 30-share BSE Sensex plunged 1,628.01 points or 2.23 per cent to settle at 71,500.76 with 24 of […]

The post Stock Markets In Free-Fall: Sensex Tanks 1,628 Points On Sharp Losses In Banking, Oil Shares first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty The Congress has appointed YS Sharmila, the party chief of Andhra Pradesh. But Sharmila, who is the politically estranged sister of Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, has a rather weak Andhra Pradesh unit of the Congress to fight her brother Jagan, who in turn is fighting anti-incumbency as well […]

The post Sharmila-Led Congress Throws A Big Challenge To Jagan Reddy first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Consumer price index-based inflation, the main yardstick for the Reserve Bank of India’s policy making, is likely to average 4.5 per cent in the next financial year and gross domestic product (GDP) growth is likely to stay above 7 per cent, Governor Shaktikanta Das said on Wednesday. “At this stage, our expectation is that […]

The post CPI Inflation To Average 4.5% In Fy25, Growth To Top 7%: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A precipitous decline in shares of HDFC Bank, the most heavyweight component of the Nifty and the Sensex, on Wednesday, triggered the worst day for the domestic markets in nearly a year and a half. The Sensex closed at 71,501, shedding 1,628 points or 2.2 per cent, marking the most significant decline since June […]

The post HDFC Bank Slide Triggers Worst Day For Market In Last 18 Months first appeared on Latest India news, analysis and reports on IPA Newspack.

DAVOS: Affirming that the fight against price rise is not yet over, IMF’s Gita Gopinath on Tuesday said interest rates are likely to stay higher than during the period immediately after the global financial crisis. There are expectations though that it will come down sometime this year, the International Monetary Fund’s First Deputy Managing Director […]

The post Interest Rates To Stay Higher, Battle Against Inflation Not Yet Over: Gita Gopinath first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) governor, Shaktikanta Das, said on Tuesday that retail inflation is slowly moderating and is steadily moving towards the target of 4 per cent. During a fireside chat at the World Economic Forum in Davos, Das stated that core inflation has started to move down, which gives confidence that […]

The post Inflation Moderating, Steadily Moving Towards 4% Target: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

Fitch has affirmed India’s sovereign rating at ‘BBB-’ with a stable outlook citing a robust medium-term growth outlook and sound external finances. The agency, however, flagged the country’s weak public finances as the “largest constraint” to the rating. The rating agency revised its growth projection for FY24 to 6.9% from the 6% forecast earlier. Fitch […]

The post Fitch Affirms India Rating At ‘BBB-’ With Stable Outlook first appeared on Latest India news, analysis and reports on IPA Newspack.

Public sector banks are rushing to issue bonds in the coming weeks, capitalising on lower government bond yields that have made borrowing cheaper while tight liquidity and robust credit growth are spurring lenders’ demand for funds to meet loan needs. State Bank of India is set to kick off domestic bond issuances for 2024 with […]

The post SBI, BoB Among PSBs Pushing Bond Issues first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava BSP chief Mayawati continues to be an enigma. Till Monday morning, she was sending out signal to the leaders of INDIA bloc, especially to SP chief Akhilesh Yadav, that she was ready to ride the bandwagon of INDIA. But by noon she made a volte-face and shocked the opposition leaders by saying […]

The post Mayawati’s Somersault Aims At Boosting Poll Prospects Of BJP first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak India is facing rising industrial concentration in just five hands, and is enriching billionaires, private equity funds, and crony capitalists driving unprecedented level of inequalities and poverty among people. Dalits are facing high and unaffordable out-of-pocket fees in the private healthcare sector, financial exclusion in the private healthcare sector, and overt […]

The post India Faces Rising Industrial Concentration In Just Five Hands: Oxfam first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI’s) draft norms for self regulatory organisations for the fintech sector (SRO-FT) have proposed that such entities should have a robust IT infrastructure and the ability to deploy technological solutions within a reasonable timeframe. The applicant for such an entity should have sufficient net worth and demonstrate the capability […]

The post RBI Releases Draft Norms For Fintech Self-Regulatory Organisations first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s wholesale price index (WPI)-based inflation rate rose to a nine-month high of 0.73 per cent in December, mainly due to an increase in prices of food articles, data released by the ministry of commerce and industry showed on Monday. This is the second consecutive month that the wholesale inflation rate had remained […]

The post Higher Food Prices Push WPI Inflation To 9-Month High In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s trade deficit in December narrowed to a three-month low of $19.8 billion amid an import slowdown due to falling commodity prices. Merchandise exports during the month grew 0.97 per cent over a year earlier to $38.45 billion, contrary to the trend of a slowdown so far this financial year, showed data released […]

The post Trade Deficit Falls To Three-Month Low Of $19.8 Billion In December first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Uncertainty in Global labour market is likely to continue while unemployment is set to rise in 2024. Growing inequality and stagnant productivity will also be cause of concern on the economic front, especially at a time when the global economy is on track for the slowest half-decade of growth in 30 […]

The post Uncertainty In Labour Market To Continue, Unemployment To Rise In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) monetary policy action may be credited for reducing core Consumer Price Index (CPI) inflation in the recent months, but a sub-4% core print also denotes weak demand conditions in the country at an aggregate level, say economists. Curiously, this is also a bit at odds with the RBI’s […]

The post Sub-4 Per Cent Core Inflation Betrays Weak Demand Conditions first appeared on Latest India news, analysis and reports on IPA Newspack.

By C.J. Atkins The strongest weapon the ruling class possesses is its control of the press—its domination of the sources through which people get their information. A hundred years ago, a group of radical workers and Marxist writers launched a publication in the United States of America they hoped would break the monopoly that bosses […]

The post US Communist Party Daily People’s World Has Completed 100 Years first appeared on Latest India news, analysis and reports on IPA Newspack.