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By Sushil Kutty Three-terms in a row and knowing well that he faced the axe, Chief Minister Shivraj Singh Chouhan thought long and short and took the dive for Prime Minister Narendra Modi who dumped him to safeguard his own future. Modi fought on his own “name and face” to guarantee a third-time for himself […]

The post Will Depriving Shivraj Singh Chouhan Of Chief Ministership Help BJP In 2024 Polls? first appeared on Latest India news, analysis and reports on IPA Newspack.

By L S Herdenia BHOPAL: By naming Mohan Yadav as the Chief Minister of Madhya Pradesh, Prime Minister Narendra Modi sprang a second surprise in the context of Vidhan Sabha elections. The first surprise was when he asked three Union Ministers and four MPs to resign and contest Vidhan Sabha elections. The Union Ministers were […]

The post New Madhya Pradesh Chief Minister Mohan Yadav Will Bring Yadav Votes For BJP In Hindi Heartland first appeared on Latest India news, analysis and reports on IPA Newspack.

West Bengal Chief Minister Mamata Banerjee on Monday claimed that if the BJP wins next year’s Lok Sabha polls, it will forget its promise of extending free ration for five years. Accusing the Centre of taking all the money away in the name of GST and not giving the state’s share, she said if this […]

The post Mamata says BJP will forget free ration promise if re-elected first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said. “In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. Indian inflation […]

The post Market To Focus On Macro Data, Global Trends: Analysts first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The department of telecommunications (DoT) will soon come out with a set of reforms primarily aimed at simplifying the licensing process, rationalising penalties, and faster grant of spectrum for trial purposes. Sources said that DoT also plans to launch a framework for regulatory sandbox, which will provide a lab-kind platform for startups, telecom […]

The post DoT Signals New Telecom Sector Reforms first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Propelled by a surge in vegetable prices, India’s retail inflation, based on the Consumer Price Index (CPI), likely rose to a three-month high of 5.7% in November from 4.87% in October, according to a poll of 17 economists by FE. In November 2022, the retail inflation was at 5.88%. The estimates in the […]

The post November CPI Inflation Seen At 3-Month High Of 5.7 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: To deepen the bond market, Sebi is looking to introduce the concept of ‘fast track’ public issuance for debt securities and further reduce the face value of debt securities, including non-convertible debentures, issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present. If implemented, the move would also […]

The post SEBI Plans To Introduce Fast Track Concept first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: The left movement in the country in general and in Kerala in particular suffered a grievous loss in the passing away of Communist Party of India (CPI) state secretary Kanam Rajendran. Kanam had been admitted to hospital on October 25 with multiple ailments, including a wound on his leg. As the […]

The post Kanam: A Communist To The Core, A Pillar Of Left Unity In Kerala first appeared on Latest India news, analysis and reports on IPA Newspack.

By Tirthankar Mitra Trinamool Congress has found itself in a political whirlpool ever since the cash for teaching jobs case unfolded in West Bengal leading to several senior Trinamool Congress ministers and leaders marking time behind the bars and CBI and ED grilling some others. As the cup of woes of the ruling dispensation of […]

The post Old Versus Young Debate In Bengal Trinamool Congress On Lok Sabha Polls Eve first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: To curb retail food prices, the government has announced a host of measures including ban on export of onion till the end of current fiscal, duty-free import of yellow peas, additional limits on stocking of wheat and allocation of additional quantities of the grain under the open market sale to bulk buyers from […]

The post Government Pays Heed To RBI, Moves To Rein In Food Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) Friday held interest rates and its monetary policy stance for the fifth consecutive review meeting on moderating price pressures, but signaled that rates will remain elevated to ensure consumer inflation retreats toward the central bank’s legally mandated target. It also bumped up the economic growth forecast for FY24 […]

The post RBI Holds Rates Again, Bumps Up FY24 Growth Forecast To 7 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In a move to enhance security, integrity and privacy of financial sector data and bring transparency on fintechs in the country, the Reserve Bank of India (RBI) is set to establish a cloud facility and a repository for capturing information on fintech firms. The Indian Financial Technology and Allied Services (IFTAS), a wholly-owned subsidiary […]

The post RBI Plans Cloud For Financial Data, Repository For Fintech Information first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s economic growth can become faster if the much-awaited private capital formation kicks into higher gear, Chief Economic Advisor V Anantha Nageswaran said on Friday.Nageswaran said that post-COVID financial balance sheets of corporates have been positive.”For economic growth we need to have investment spending … India economic growth can become faster and accelerate if the […]

The post Private Investment Key To Sustaining High Economic Growth Rate: CEA Nageswaran first appeared on Latest India news, analysis and reports on IPA Newspack.

The central bank’s decision to keep the repo rate unchanged at its bi-monthly meeting on Friday may encourage potential buyers of homes, cars and durable products to take the sales plunge, executives at top companies said. “Today’s RBI monetary policy announcement is a good boost to industry confidence. The upward revision of GDP growth rate, […]

The post India Inc Says Rate Pause May Spur Demand first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Markets need to evolve more mechanisms to reward the States that are managing their fiscal responsibilities prudently, N K Singh, Chairman, 15th Finance Commission,  and President, Institute of Economic Growth, said. Today, the markets don’t really differentiate on the cost of borrowing between a profligate State and a prudent State. There is a […]

The post Markets Need To Find Mechanism To Reward Fiscally-Prudent States: NK Singh first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Private sector banks have increased their share in term deposits to 35 per cent in the second quarter (Q2) of 2023-24 (FY24), up from 32 per cent in the fourth quarter (Q4) of 2022-23 (FY23). In contrast, public sector banks (PSBs) lost 200 basis points (bps) of their share in fixed deposits (FDs), declining […]

The post Private Sector Banks Increase Fixed Deposit Market Share: RBI Data first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Amid lingering concerns that the much-delayed private capex cycle may not have taken root yet, Corporate India on Thursday said with capacity utilisation in many sectors being 75-80% if not higher, a strong momentum in private investments was firmly around the corner. Pointing out that fresh investments have already started in many sectors, […]

The post Domestic Factors Conducive For New Capex Cycle: India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022. […]

The post RBI Retains Repo Rate At 6.5 Per Cent For Fifth Time In A Row first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre on Wednesday sought approval of Parliament for gross additional spending of Rs 1.29 trillion including Rs 14,524 crore for Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and Rs 13,351 crore for fertiliser subsidy. “Approval of Parliament is sought to authorise gross additional expenditure of Rs 1,29,348.85 crore. Of this, the […]

The post Govt Seeks Nod For Rs 14,524-Crore Extra Spending On MGNREGS first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The RBI’s high-powered rate setting panel on Wednesday began its 3-day brainstorming on the next set of bi-monthly monetary policy amid expectation of continued pause on the short-term key lending rate as GDP growth is gaining momentum, and inflation manageable. RBI left the benchmark policy rate (repo) unchanged in its past four bi-monthly monetary […]

The post RBI MPC Meet Begins Amid Expectations Of Status Quo On Interest Rate first appeared on Latest India news, analysis and reports on IPA Newspack.