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The net Foreign Direct Investment (FDI) in India, declined sharply in April-August 2023 to $2.99 billion from $18.03 billion in April-August 2022 due to moderation in global investment activity and a rise in repatriation. Reserve Bank of India’s data (October 2023 bulletin) said FDI in India was $7.28 billion and FDI by India, that is, […]

The post Net FDI Into India Declines To $2.99 Billion In April-August first appeared on Latest India news, analysis and reports on IPA Newspack.

By James M Dorsey Israel will likely win the Gaza war on the battlefield. Even so, it has already been defeated in the court of public opinion. It no longer really matters who attacked Gaza’s Al Ahli Arab Hospital in which hundreds of innocent civilians were killed or the Greek Orthodox Saint Porphyrius Church in […]

The post Israel May Win Gaza War, But It Has Already Lost The Battle For Public Opinion first appeared on Latest India news, analysis and reports on IPA Newspack.

By C.J. Atkins WASHINGTON—Playing the part of classic Cold Warrior in his Thursday night Oval Office speech, President Joe Biden made a sales pitch for a permanent war economy, using democracy as a prop to convince the American people that he needed $105 billion to spend on weapons for Israel, Ukraine, and—unmentioned in his remarks—Taiwan. […]

The post Biden’s Israel-Ukraine Money Appeal Envisions War-Based Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Finance minister Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations. In her inaugural speech at the Kautilya Economic Conclave 2023 in the […]

The post Looking To Cut Debt Burden: FM first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das said interest rates will stay high, without offering any indication of when softening could start. Monetary policy must remain “actively disinflationary” to ensure the decline in retail inflation in recent months continues smoothly, Das said. “Interest rates will remain high. How long they will remain […]

The post Interest Rates Will Stay High For Now: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: The Reserve Bank of India (RBI) is likely to hold repo rates steady for a long period as easing of core inflation and high real interest rates provide comfort, but frequent volatility in food prices – albeit transient – requires monetary policy makers to be vigilant, according to the minutes of the monetary policy […]

The post RBI Cautious On Future Price Shocks, May Hold Repo Steady first appeared on Latest India news, analysis and reports on IPA Newspack.

India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and another senior person at a state-owned oil […]

The post India Pushes Back Against Russia’s Demands To Pay For Oil Imports In Yuan first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nilanjan Banik Joseph Campbell, author of “The Hero with a Thousand Faces” and scholar on comparative religions, once recounted a Japanese story. A samurai hunted down his master’s killer and was about to decapitate him when the assassin spat in the samurai’s face. The enraged samurai immediately returned his sword to the sheath and […]

The post Hamas-Israel War, If Not Contained, Has Potential To Damage Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Chinese yuan has surpassed the euro to become the world’s second-most used currency in SWIFT trade settlements, according to data from the international SWIFT system. This marks a significant milestone in China’s efforts to internationalise its currency. As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% […]

The post Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI’s) ‘State of the Economy’ report has flagged the US dollar’s continued strengthening as a global risk. This will further tighten financial conditions, according to the report, despite India adding more to its foreign exchange (forex) reserves than any other major country holding forex reserves. “Even as energy importers […]

The post Strengthening US Dollar Is A Global Risk: RBI Paper first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The stock market faced a daunting challenge as it opened in the red on Friday, failing to sustain the initial optimism and slipping into negative territory. The benchmark Sensex was down by 182.36 points, opening at 65,446.88, while the Nifty dropped 59.60 points, initiating the day at 19,566.80. At the time of market opening, […]

The post Red Opening Marks A Challenging Start For Indian Stock Market Amidst Global Headwinds first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government will take a calibrated approach on cryptocurrency and is not going to rush ahead despite the recommendations of a synthesis paper prepared by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) having been accepted by G20 finance ministers and central bank governors in Marrakech last week. While the […]

The post Government Set To Adopt Calibrated Crypto Approach, Won’t Rush first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and China are projected to jointly contribute about half of the world’s growth in both 2023 and 2024, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook (Asia and Pacific) report. India’s economy is projected to grow at 6.3% in FY24 and FY25 – the fastest among the major […]

The post India-China To Contribute Half Of World’s Growth In 2023, 2024: IMF first appeared on Latest India news, analysis and reports on IPA Newspack.

By P Sudhir If President Biden’s visit to Tel Aviv for a day demonstrated anything, it is the unremitting and blind support for the Israeli settler-colonial State.  The visit underlined what has been the unchanging reality since 1948 – the United States has nurtured and cultivated Israel as its outpost in West Asia.  The United […]

The post United States Is In Full Complicity With Israel In Its War Crimes Against Palestinians first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Rightist forces do not empathise with the human and humanity. Humanitarian emotions and sensibilities have been unknown commodities for them. Hitler crushed the humanity and the worst victims of his tyrannies were the Jew. It is ironical that now the same Jews are perpetrating the worst kind of torture on the Muslims […]

The post For His Electoral Gains, Biden Is Pushing US Towards A Global War first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Extreme poverty in India declined by 38 million in 2021 to 167.49 million after a surge in the two preceding years, but remained above the 2018 level, the latest World Bank data shows. While for most countries poverty rose in 2020, when the Covid-19 pandemic hit the global economy, the data shows poverty […]

The post Poverty In India Eased In 2021, But Was Above 2018 Level: World Bank Data first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) could consider rolling over a $5-billion foreign exchange swap set to mature next week as the central bank, which has repeatedly flagged inflationary risks stemming from excess funds with banks, prioritises liquidity management over bolstering forex reserves. Some investors believe that a current deficit in headline liquidity prints […]

The post RBI May Opt To Roll Over $5-Billion Forex Swap first appeared on Latest India news, analysis and reports on IPA Newspack.