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NEW DELHI: The economic growth in Asia Pacific will remain strong in 2024 and GDP is expected to grow by about 5 per cent in India and a host of emerging market countries, Fitch Ratings said on Wednesday. In its report titled ‘APAC Cross-Sector Outlook 2024′, Fitch said the outlooks for the banking sectors in […]

The post Growth In Asia Pacific Emerging Markets To Remain Strong In 2024: Fitch first appeared on Latest India news, analysis and reports on IPA Newspack.

ISLAMABAD: Cash-strapped Pakistan is expected to get USD 700 million as the next tranche of the bailout from the IMF as the Executive Board of the global lender meets on January 11, according to a media report on Tuesday. The board of the Washington-based International Monetary Fund is set to deliberate and potentially grant final […]

The post Pakistan Likely To Get $700 Million From IMF As Next Tranche Of Bailout This Month: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty It sounds odd calling Rahul Gandhi’s ‘Bharat Nyay Yatra’, “nationwide east-to-west yatra”. The yatra is east-to-west, but not nationwide. Cutting through 14 states and 85 districts is not the entirety of India. It is another matter if it has a nationwide impact. Also, the claim that the Congress “hopes” to win 150 […]

The post Congress’s Bharat Nyay Yatra Will Clash With 2024 Poll Preparations At Ground Level first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) on Tuesday proposed to tighten norms for dividend declaration by banks as it lowered the net non-performing asset (NPA) ratio for a lender to be eligible for paying dividends. In a draft circular released on Tuesday, the RBI said it would not entertain any ad hoc dispensation on […]

The post Reserve Bank Of India Seeks To Lower NNPA Of Banks For Paying Dividends first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: From Hindustan Unilever to ICICI Bank, HDFC Bank and Eicher Motors, almost all the big names of India Inc and thousands, if not lakhs, of smaller GST taxpayers have received tax demand on the eve of new year as authorities sought to meet the five-year deadline to raise claims, literally burning the midnight […]

The post GST Department Goes On Tax Demand Overdrive first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) stood at Rs 43,843 crore as of January 1, crossing the 2023-24 budget estimate (BE) of Rs 43,000 crore, giving further comfort on the fiscal front. The dividend receipts of Rs 39,086 crore so far in FY24 were 26% higher than the […]

The post Centre’s Dividends From CPSEs Exceed FY24 Budget Target first appeared on Latest India news, analysis and reports on IPA Newspack.

Disbursements by power-focused infrastructure companies are expected to surpass Rs 2.9 trillion in 2023-24 (April-March), aided by substantial capital expenditure in the power sector and improving balance sheets, CareEdge Ratings said in a report. Disbursements were at Rs 2 trillion in 2022-23. This growth in disbursements is likely to enable such infrastructure finance companies to […]

The post Power Finance Firms’ Disbursements To Top Rs 2.9 Trillion In FY24: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty Watch out. Will Maharashtra Lok Sabha elections throw up surprises? The state dangles like a ripe fruit for the taking. Everybody is just waiting. The alliances, they seem they’re many. What happened to the Maha Vikas Aghadi, and did the BJP and the Shinde Shiv Sena combine have a name before Ajit […]

The post INDIA Bloc Has Lot Of Issues To Sort Out For Arriving At An Agreement In Maharashtra first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The world is finally recognizing India’s economic strength and its fast-growing market size. Going by the overall development trend, the economy is capable of growing close to 10 percent annually over the next several years. In 2023-24, the economy may reach a growth rate of seven percent. Both domestic and foreign investors […]

The post Surging Demand, Rising Investment Put India’s Economy On Top Gear first appeared on Latest India news, analysis and reports on IPA Newspack.

The CBI has issued a notice to Kerala-based Jaihind channel seeking details of the investments made in the channel by Karnataka Deputy Chief Minister DK Shivakumar in connection with a disproportionate assets case against the Congress leader, officials said Sunday. The Bengaluru unit of the agency, which is probing the case against Shivakumar, had asked […]

The post CBI notice to pro-Cong channel over DK Shivakumar investments first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Number of Bank frauds in 2022-23 in India reached 13,576 as against just 4306 in 2013-14, and has even broken the record of the last year in only first six months of the current financial year 2023-24 when the fraud cases have already risen to 14,483. Obviously, UPA government was no […]

The post Bank Frauds In Modi Regime Continues At Record High first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: The central investigating agency, the enforcement Directorate (ED), which is on a rampage against the Pinarayi Vijayan-led Left Democratic Front (LDF) Government in Kerala, suffered a highly embarrassing double defeat in the Kerala High Court. In the latest rebuff to the ED, the Kerala High Court stayed the fresh summons issued […]

The post Enforcement Directorate Suffers Twin Setbacks In Kerala first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The finance ministry on Friday exuded confidence that the economy will “comfortably achieve” a growth rate upwards of 6.5% in FY24, as it expected the robust economic activity being witnessed in the third quarter of FY24 to continue through the March quarter as well. In an economic review for the first half of […]

The post Finance Ministry Confident Of 6.5 Per Cent Plus Growth In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy Economic forecasting is always hazardous. It is more so in the current scenario. There are always any number of uncertainties about the future. But currently these are multifarious. No one really knows, including the dramatis personae, what will happen in the next week, let alone in course of the coming year. Take […]

The post New Year 2024 May Witness Far More Turmoil In Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed. India’s core sector output growth hit a six-month low of 7.8% in November, easing from 12% in the previous month, […]

The post Core Sector Growth Eases To Six-Month Low Of 7.8 Per Cent In November first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The pace of growth of bank credit to the industrial sector slowed down to 6.1 per cent in November from 13.0 per cent in the year-ago month. However, the growth in credit to industry on a year-to-date basis in November in the current financial year (FY24) was slightly higher at 4.9 per cent against […]

The post Bank Credit To Industry Slows To 6.1 Per Cent, Services Sector Sees Growth: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is election year for the Indian economy and the footnote to the robust economic performance would pinpoint the risks of freebies and subsidy politics impacting growth. The pressures are expected to pinch hard from mid-year onwards as the drivers of growth would shift gears down by at least a couple of […]

The post India Set To Clock Highest Growth Rate In 2024 Among Major Economies first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Bank credit growth is expected to remain healthy at 12-13 per cent in the next fiscal, rating agency ICRA said while maintaining a positive outlook on the banking sector. In a statement, ICRA said the positive outlook on the banking sector is mainly driven by comfortable asset quality levels, with both corporate and […]

The post ICRA Sees Bank Credit Growth At 12-13 Per Cent In FY’25 first appeared on Latest India news, analysis and reports on IPA Newspack.

Investments for insurance companies are highly regulated and life insurers should be allowed more investment classes to enhance their liquidity, Life Insurance Corporation (LIC) of India Chairman Siddhartha Mohanty said. “For insurance companies, so far as investment is concerned, it is highly regulated. So, new asset classes should also be allowed, like sovereign gold bonds, […]

The post Insurance Investments Highly Regulated, Need To Allow More Asset Classes: LIC Chairman first appeared on Latest India news, analysis and reports on IPA Newspack.

By Andrew Stoughton Javier Milei became Argentina’s president this month promising “shock therapy” to curb inflation and resolve the country’s foreign debt and currency reserve woes. Last Wednesday, the Argentine public got its first taste of what that therapy will look like. Declaring a state of economic emergency, the Milei administration issued a Decree of […]

The post Javier Milei A Disaster For Working Class Argentinians first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna India and the UAE recently completed their first transaction in rupees for crude oil from the Emirates. A major shift in how global trade is conducted, typically done in dollars, this step is a significant boost to the growing trade between India and the UAE, which is likely to surpass the $100 […]

The post India-UAE Embrace The Rupee In Oil Transactions first appeared on Latest India news, analysis and reports on IPA Newspack.