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NEW DELHI: Lenders have asked the government for access to income tax returns through National Securities Depository (NSDL) to help validate declarations made during loan applications, people familiar with the development told ET. Banks speak of multiple instances when applicants have declared inflated or fake income details with forged documents. That has led to fraud, […]

The post Banks Seek ITR Access Via NSDL To Vet Borrower Info first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty Mohammad All Jinnah got his wish and Pakistan was created at the expense of India, which lost territory. Jinnah won Pakistan on the back of the two-nation theory. But the trifurcation of India did not put an end to the two-nations within India. The point is, India remains two nations even 76 […]

The post Yogi Govt’s Ban On Halal Certification Is Aimed At Attracting Hindu Votes first appeared on Latest India news, analysis and reports on IPA Newspack.

Nine months ago, a warm handshake in the old Parliament building made heads turn. A bearded Rahul Gandhi smilingly asked CPIM General Secretary Sitaram Yechury, “How are you, sir?” The CPIM boss gently patted his hand to counter the question, “How are you, boss?” The two shook hands that day like many teenagers do to […]

The post I.N.D.I.A dreams seem crushed in Rajasthan over seat sharing first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Net contribution of India’s foreign trade to its Gross Domestic Product (GDP) may have been positive in July-September FY24 quarter, despite merchandise exports shrinking in the period on a year on year basis, economists said. While in Q4F23 net exports helped boost the GDP, it dragged it down in the first quarter of […]

The post Net Exports Likely A Growth Push In Q2 Despite Drop In Goods Shipments first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: The net leasing of Grade-A commercial office space in India will stagnate this financial year at 32-34 million square feet, with global uncertainties brewing caution among key tenant categories, according to the latest Crisil Ratings report. Major seven cities in India – Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) […]

The post Demand For Workspaces Eases On Global Downturn; Shift To Office Holds Hope first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) may undertake a comprehensive review of its framework for penalties, according to a top regulatory source. These may include raising the penal amount; the feasibility of linking it to the size of regulated entities (REs), especially for systemically important entities, and repeat offences; and clawback of the payouts […]

The post Penal Amount Hike On The Cards As RBI Likely To Revamp Framework first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak During the election campaigns in November, anyone who can hear heard about “Modi Guarantee” even from the very mouth of PM Narendra Modi about making India a developed country by 2047. It was repeatedly claimed how India is developing fast under PM Modi, and become fifth richest country in the world. […]

The post The Curious Case Of Fake News About India Becoming Fourth Largest Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee It was very thoughtful on the part of the national government to provide free food grains to over 80 crore people under the poor and low income group in the country during the Covid pandemic season leading to long lockdown periods in 2020-21. The facility was extended twice, the last being on […]

The post Free Food Grains To The Poor Are Unlikely To Win Elections first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Kumar Shrivastav In Bangladesh, where national elections are scheduled for January 7, political issues are taking a backseat, and the scarcity and high prices of essential food items such as potatoes, onions, eggs, edible oil, and sugar are taking centre stage. In an emergency meeting held at the Bangladesh Prime Minister’s Office (PMO) […]

The post Food Scarcity Adds To The Woes Of Awami League Govt As The Country Goes For Elections first appeared on Latest India news, analysis and reports on IPA Newspack.

The Jannayak Janta Party is confident of putting on a good performance in the assembly elections in Rajasthan, where the Haryana-based outfit is contesting from 20 seats in its first foray outside its home base. Ajay Singh Chautala, who heads the regional outfit, was a two-time legislator from Rajasthan during his time in the Indian […]

The post Haryana party hopes to become key player in Rajasthan first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) move on Thursday to increase risk weight on banks and non-banking finance companies’ (NBFCs) unsecured personal loan and credit card portfolio would likely hit the capital adequacy ratio (CRAR) of NBFCs more against that of banks, experts say. According to a report by Jefferies, country’s largest NBFC Bajaj […]

The post NBFCs To Face More Heat Than Banks first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to […]

The post India Seeks To Restart Stalled Adani Coal Imports Probe first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s e-commerce ecosystem is about to explode in the near future as exports may touch $200 billion during the next six-seven years from the current $1.2 billion, said Santosh Kumar Sarangi, director general (DG), Directorate General of Foreign Trade (DGFT) at an event on Friday. Addressing the ‘E-commerce Exports’ conference, organised by the […]

The post Indian E-Commerce Exports Should Touch $200 Billion In Next 6-7 Years: DGFT first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Confidentiality versus anonymity is a central issue in the consideration of the petitions against the electoral bond scheme as it exists today and may well have a bearing on the verdict by the five-member constitution bench under Chief Justice D Y Chandrachud, which has reserved the judgement. The petitioners, who include the […]

The post Electoral Bond Verdict May Ultimately Hinge On Confidentiality Versus Anonymity Debate first appeared on Latest India news, analysis and reports on IPA Newspack.

Shiromani Akali Dal (SAD) president Sukhbir Singh Badal sent a legal notice to Punjab Chief Minister Bhagwant Mann on Friday, asking him to tender an unconditional apology within five days for levelling “malicious” allegations against the Badal family during a debate at the Punjab Agricultural University (PAU) in Ludhiana. According to the notice, Badal will […]

The post Badal notice to CM Mann for ‘malicious’ allegations first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: After cautioning banks and non-banking financial companies (NBFCs) on surging unsecured loans like personal loans and those on the credit card, the Reserve Bank of India (RBI) on Thursday increased the risk weighting for such loans from 100 per cent to 125 per cent. The risk weighting for bank loans to higher-rated NBFCs too […]

The post RBI Tightens Norms, Raises Risk Weights For Personal Loans And Credit Cards first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s economic growth prospects remain robust over the medium term, with its gross domestic product (GDP) expected to grow between 6 per cent and 7.1 percent annually in 2023-24 (FY24) through 2025-26, S&P Global said in its latest report on Thursday. “Economic growth momentum to continue. India’s economic growth prospects should remain strong […]

The post India’s GDP To Grow 6-7.1% During 2024-2026, Growth Prospects Strong: S&P first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Retail inflation has moderated due to monetary policy action and supply side interventions but the Indian economy is still ‘not out of the woods yet and have miles to go’, said the Reserve Bank of India’s (RBI) monthly bulletin on Thursday. “We are not out of the woods yet and have miles to go, […]

The post Indian Economy Still Not Out Of Woods, Says RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The sharp fall being recorded in core inflation, as per the Consumer Price Index, is largely a result of a decline in the inflation rate of services components, which were earlier at high levels, data analysed by FE showed. In October, core inflation was at a 43-month low of 4.2%. As for the […]

The post Normalisation Of Demand For Services Behind Falling “Core” Inflation first appeared on Latest India news, analysis and reports on IPA Newspack.