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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.

MUMBAI: Forex reserves declined sharply by USD 5.89 billion to USD 617.3 billion for the week ending January 5 after rising for four consecutive weeks, according to the weekly Reserve Bank data released on Friday. So far this fiscal, the reserves have increased USD 55.72 billion, according to the Reserve Bank of India (RBI). In […]

The post Forex Reserves Fall Sharply By $5.89 Billion To $617.3 Billion: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s retail inflation rose to 5.69 per cent in December 2023 up from 5.55 per cent in November last tear with higher food prices stretching household budgets, according to official figures released on Friday. Retail inflation inched up marginally in December, while industrial production in November plunged to an eight-month low of 2.4%, […]

The post Consumer Inflation Tad Up, Factory Output Slips first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government is expected to announce its commitment to reforms in the financial sector in the upcoming interim budget, laying the roadmap for big bang announcements in 2024-25, including the privatisation of a state-run bank and a general insurance firm, said people with knowledge of the matter. Finance minister Nirmala Sitharaman is also […]

The post Plans Afoot To Privatise A PSB & A General Insurer first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is expected to clock a GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), […]

The post India Likely To Register 6.9-7.2% GDP Growth In FY24, Says Deloitte first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s industries are counting on the government to target larger capex outlay of atleast ₹12-lakh crore in the upcoming interim Budget (2024-25) to support higher GDP growth in a year when global economic slowdown in expected to be pronounced. This comes even as the private sector’s side of investment push has not been exuberant in […]

The post Private Sector Urges Massive Capex Booster Dose In Interim Budget As Well first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Economics and culture could be mixed but certainly not the politics. It could be either centrist, liberal or rightist, but definitely not mixed. Ever since its birth in 1885, Congress has been a congregation of all shades of people, from rightists, centrists to leftists, but it steadfastly pursued the secular tenets. Nevertheless, […]

The post Who Are BJP And RSS To Ask The Congress For Loyalty Test On Hindutva? first appeared on Latest India news, analysis and reports on IPA Newspack.

US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. The Securities and Exchange Commission, whose three-part mandate includes investor protection, authorized funds from […]

The post US SEC Authorises Direct Bitcoin-Spot ETFs, Revolutionising Crypto Investments first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy After fiddling with the Indian economy for years, Raghuram Rajan, former governor of Reserve Bank of India, finds himself in a kind of Hamlet moment. Rajan had observed that India would be lucky to reach a 5% growth rate during the current fiscal year. He was heaped with criticism for his pessimism […]

The post Indian Economy Has Shown Its Own Strengths Through High Growth In 2023-24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Indian economy will likely pick up pace in FY25 and FY26, growing 6.4% and 6.5%, respectively, on the back of a strong investment and services push, retaining the fastest-growing major economy tag, the World Bank said Tuesday. The multilateral institution has forecast global growth to slump further to 2.4% in 2024 from 2.6% […]

The post World Bank Pegs India’s FY25 Growth At 6.4 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Even though India’s overall unemployment rate has declined in 2023 as compared to 2022, the joblessness within youth has started to rise again, according to data released by the Centre for Monitoring Indian Economy (CMIE) for October-December quarter. For those in the age group between 20 to 34 years, the unemployment rate across […]

The post CMIE Data Points To Rising Unemployment Among The Youth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The February 1 interim budget is likely to present a status report on the National Pension System (NPS), said people aware of the matter. The group headed by finance secretary TV Somanathan that’s reviewing the scheme is likely to submit its report by the end of this month, they said. The panel has […]

The post Interim Budget Likely To Present A Status Report On National Pension System first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Geopolitics and guidance from the US Federal Reserve may not be the only factors that determine the performance of gold in the New Year. The Indian and other elections slated for the year may also be determinants. India is the second largest gold consumer in the world and the rate at which […]

The post Implications Of National Elections For Gold Demand In India And World Markets first appeared on Latest India news, analysis and reports on IPA Newspack.

COLOMBO: Six months after it was announced by the prime ministers of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation’s debt restructuring process. In July 2023, Prime Minister Narendra Modi and Sri Lanka President Ranil Wickremesinghe signed an […]

The post India, Sri Lanka Discuss Early Launch Of UPI Payment System first appeared on Latest India news, analysis and reports on IPA Newspack.

Karnataka Chief Minister Siddaramaiah on Tuesday hit out at the Centre for denying the state an opportunity to take part in the tableau presentation during the Republic Day parade. The Chief Minister said the Centre denied Karnataka a tableau because there is a Congress government in the state. According to him, the proposals for tableaux […]

The post Siddaramaiah hits out against rejection of R-Day tableau first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: German luxury carmaker Mercedes-Benz will invest Rs 200 crore in India this year on new products, manufacturing operations and digitisation, to strengthen its position after posting record sales of 17,408 units in 2023, a top company official said on Monday. Mercedes-Benz India will have more than 12 launches in 2024, including three electric […]

The post Mercedes Benz Lines Up Rs 200 Crore Investment, To Launch Over 12 Products In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.