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NEW DELHI: The government’s dividend collection from non-financial central public sector enterprises (CPSEs) and other investments in this financial year could amount to about ₹55,000 crore, more than a quarter higher than the budgetary target of ₹43,000 crore, said a senior official. However, the Centre could reduce its combined disinvestment and dividend (from non-financial CPSEs) […]

The post Centre May Rake In Rs 55,000 Crore In Dividends From Key CPSEs first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Borrowing by banks climbed last year, on average by as much as two-thirds in aggregate, as the central bank’s liquidity mop-up to tame consumer prices coincided with higher demand for credit and trailing deposit growth. HDFC Bank’s mid-July merger with mortgage-lending pioneer HDFC also caused borrowings to swell for mainstream lenders under the central […]

The post Bank Borrowings Increase By 67 Per Cent In 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

By James M Dorsey History repeats itself. Palestinian airplane hijackings and attacks on Israeli civilians in Israel as well as on Israeli and Jewish targets abroad pockmarked the 1970s and 1980s. The violence put the Palestinian issue on the world agenda. The violence erupted, and at times, was driven by fierce debate among Palestinian guerilla […]

The post History Repeats Itself With The Killing Of Senior Hamas Official Saleh Al-Arouri first appeared on Latest India news, analysis and reports on IPA Newspack.

Fresh on the heels of a controversy triggered by Karnataka MLC BK Hariprasad’s Godhra comment, the Congress seems to have invited a new one involving Karnataka chief minister Siddaramaiah’s son Yathindra Siddaramaiah. The former MLA equated India’s becoming a “Hindu Rashtra” to being like Afghanistan and Pakistan. Yathindra courted controversy by saying if India becomes […]

The post ‘Hindu Rashtra’ will make India like Afghan: Sidda’s son first appeared on Latest India news, analysis and reports on IPA Newspack.

Shiv Sena (UBT) chief Uddhav Thackeray, who has so far not received an invitation for the Ayodhya Ram temple consecration ceremony on January 22, today said he and his party leaders will visit Kalaram temple in Nashik that day and perform a ‘maha aarti’ on the Godavari river bank. Talking to reporters here after paying […]

The post With no Ram Mandir invite yet, Uddhav to visit Nashik temple first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India has tightened rules for the issuance of short term Commercial Papers (CPs) and Non-Convertible Debentures (NCDs), with an initial maturity of up to one year. The new norms, which come into effect from April 1, involve six key changes. The tenor of such short term CPs cannot be less […]

The post RBI Tightens Norms For Short Term Commercial Papers first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Friday, following gains in IT, tech and capital goods shares amid fresh foreign capital inflows. After slipping briefly during the late afternoon trade, the 30-share BSE Sensex made a quick recovery and jumped 178.58 points or 0.25 per cent to […]

The post Markets Extend Gains On Foreign Fund Inflows first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s economy is likely to grow a better-than-expected 7.3% in FY24, faster than all major global economies, powered by a double-digit rise in investments, led by government spending, official data released on Friday showed. The first advance estimate of gross domestic product (GDP) is higher than the Reserve Bank of India’s 7% forecast […]

The post Economy Stays On Fast Track, Likely To Grow At 7.3 Per Cent In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Strong demand from both international and domestic markets spurred services sector activity to a three-month high in December, according to a private survey released Friday. The HSBC India Services Purchasing Managers’ Index ended 2023 at 59, higher than the previous month’s reading of 56.9, as per the survey conducted by S&P Global. PMI […]

The post Services Activity Accelerates To Three-Month High In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The United Nations World Economic Situation and Prospects Report 2024 on Friday revised India’s gross domestic product (GDP) growth estimate for the 2024 calendar year to 6.2 per cent, compared to 6.7 per cent earlier. The report stated: “Economic growth in India is projected to remain strong at 6.2 per cent in 2024, […]

The post UN Report Revises India’s GDP Projection Downward To 6.2 Per Cent For 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Expectations are muted over big big-ticket announcements or high-budget schemes being announced in the interim Budget on February 1, but the run-up to the Parliament elections could still feature some such. FE has reviewed the schemes and government programmes rolled out in FY24 budget, and found that while these did not entail huge […]

The post Schemes Unveiled In Budget FY24 Make Headway first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is likely to project higher economic growth estimates of around 7% for the 2023/24 fiscal year ending in March, compared with earlier government forecasts when the National Statistical Office releases its first advance GDP estimates on Friday. An increased estimate of annual gross domestic product is widely expected after the Reserve Bank […]

The post India Expected To Report Higher GDP Growth Estimates For 2023-24 first appeared on Latest India news, analysis and reports on IPA Newspack.

Economic growth is set to be a driving force in the Asia-Pacific (APAC) region in 2024, particularly in emerging markets (EMs), providing a favourable backdrop for various sectors, reported Fitch Ratings. According to Fitch Ratings, while strong real GDP expansion is anticipated in India, Indonesia, the Philippines, and Vietnam, challenges from slower Chinese growth, subdued […]

The post Economic Growth Set To Drive Asia-Pacific Region In 2024; Challenges From Slower Chinese Growth, Global Demand: Fitch first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra Since Chief Minister Nitish Kumar took over the reins of the party, the Mahagathbandhan alliance partners are wondering whether the decision was deliberately engineered to create a conducive atmosphere for Kumar to switch over, once again to the NDA, or put pressure on the INDIA bloc, or just to hog the […]

The post Nitish Driving INDIA Bloc Decisions, To Hit The Road For 2024 Campaign first appeared on Latest India news, analysis and reports on IPA Newspack.

Nationalist Congress Party (NCP) founder Sharad Pawar on Thursday accused the Bharatiya Janata Party (BJP) of using a five-point agenda to promote “Hindutva fascism” in the country and said the political situation is not good for the saffron outfit ahead of the Lok Sabha polls. Addressing party workers in the temple town of Shirdi in […]

The post BJP promoting ‘Hindutva Fascism’, alleges Pawar first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre may aim for a modest disinvestment target of around Rs 30,000 crore in 2024-25, 40% lower than the target of Rs 51,000 crore for the current financial year, which is set to be missed by 60%, official sources said. This would represent a progressive lowering of the ambition on this front […]

The post Disinvestment Target For FY25 May Be Set At Rs 30,000-Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In line with the global funding winter, deal-making involving domestic firms hit a three-year low after falling 51 per cent to $83.8 billion in 2023, saved by the mega-merger of HDFC twins — the biggest deal in India Inc’s history till date, according to an industry report. Excluding the $60.4-billion HDFC Bank-HDFC merger, year-on-year […]

The post M&A Activities Plunge 51% To $83 Billion In 2023 Amid Funding Winter: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: Early business data from lenders, published ahead of the month-long earnings season starting next week, showed that Indian companies are on track to report yet another quarter of robust performance amid buoyant consumer demand, although rising cost of funds might crimp profitability for financiers as the pace of deposit mobilization trails credit growth. Non-banking […]

The post Credit Growth Signals Robust Q3 For India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

By Prabhat Patnaik Argentina’s new president Javier Milei proposes to use US dollars as the currency of his country, while abolishing its central bank altogether. What is involved in this proposal is not just maintaining a fixed exchange rate between the dollar and the domestic currency, but an abolition of the domestic currency altogether. The […]

The post Dollarisation Programme Of Argentina Will Impose Additional Burden On Its Workers first appeared on Latest India news, analysis and reports on IPA Newspack.

US bankruptcy filings surged by 18 per cent in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level seen before the outbreak of Covid-19. Total bankruptcy filings — encompassing commercial and personal insolvencies […]

The post US Bankruptcies Surge 18%, More In Store: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak BJP has just coined this attractive slogan to its gullible constituency – Teesri Baar Modi Sarkar, ab ki baar 400 paar. Some national and international political analysts are declaring “almost an inevitability” of PM Narendra Modi’s win for the third time, supporting the first part of the slogan, while PM Modi’s […]

The post BJP’s Crossing 400 Seats Slogan Is A Hype, Far Away From Ground Reality first appeared on Latest India news, analysis and reports on IPA Newspack.