By Dr. Gyan Pathak July 19 became a historical date for banking sector in India in 1969 when Congress led by PM Indira Gandhi nationalized the private banks in the country. Fifty three years later, on July 19, 2022, the Congress had to oppose PM Modi led BJP government who is hell bent on privatising […]
The post Privatising Nationalised Banks To Spell Disaster In Indian Economy first appeared on IPA Newspack.
By K R Sudhaman Prime Minister Narendra Modi said recently that India is the fastest growing economy at the moment. Statistics wise it may be true as other countries are doing badly. But the question to be asked is India’s growth story a myth or reality? On the face of it Indian economy may look […]
The post Sri Lanka’s Economic Collapse Has Big Lessons For Indian Policy Makers first appeared on IPA Newspack.
Shiv Sena MP Sanjay Raut has been summoned for questioning tomorrow by the Enforcement Directorate in connection with a money laundering probe. He was questioned last on July 1 for about 10 hours in a case about an alleged scam in the redevelopment of a housing complex named Patra Chawl. In April, the Enforcement Directorate […]
The post Shiv Sena’s Sanjay Raut summoned by Enforcement first appeared on IPA Newspack.
Global Claims Review 2022: Allianz Global Corporate & Specialty analyzed more than 530,000 insurance claims from 2017 to 2021 with a value of €88.7bn (US$90.4bn). Claims severity has increased while inflation will further challenge costs. Updating valuations of assets is key for companies and insurers. Contingent business interruption claims reach a new level driven by broken supply chains. Cyber claims remain elevated. Ukraine war: claims activity manageable […]
SINGAPORE – News Direct – 19 July 2022 – Fellaz, a multi-chain Web3 entertainment ecosystem, announces the upcoming launch of their social media platform for artists and their fanbases. Through months of preparation, the Fellaz team has onboarded notable entertainers and pop stars from Korea, Japan, Southeast Asia, and the rest of the world. In preparation for their launch, the Fellaz team held an exclusive opening event, […]
By Nantoo Banerjee The best way to stabilise the Indian Rupee is to contain inflation and imports. Simply put: the inflation rate should be below four percent and the country’s massive annual trade deficits need to be reduced to zero. The country should totally focus on making goods in India to reduce avoidable imports and […]
The post Internationalising Rupee Is Unlikely To Stabilise The Currency first appeared on IPA Newspack.
As the world’s growth engine, Asia Pacific’s technology-focused start-ups are leveraging innovations and new sector verticals to blaze a digital trail forward SINGAPORE – Media OutReach – 18 July 2022 – KPMG and HSBC have released the Emerging Giants in Asia Pacific report, which examines new economy businesses across the region with strong potential to impact the global business landscape over the next decade. Over 6,472 technology-focused […]
ZUG, SWITZERLAND – Newsaktuell – 14 July 2022 – It is the most expensive cube ever made, funded by the booming cryptocurrency Castello Coin. For now, the world-famous Castello CUBE will no longer be open to the public – to protect it from damage and theft. The Castello CUBE attracted worldwide attention when the golden cube by artist Niclas Castello was shown first in New York’s Central […]
By Arun Srivastava For rightist Conservative Party, choosing a visionary and able administrator as the prime minister in place of Boris Johnson has indeed become a major combative task. This was for the first time that party was deprived of a talented leader. After coming to power three years ago, Boris decapitated his party of […]
The post Economic Crisis Is The Main Focus As Tories Choose Britain’s Next Prime Minister first appeared on IPA Newspack.
HONG KONG SAR – Media OutReach – 15 July 2022 – A team of four Form 3 students from HKSYCIA Wong Tai Shan Memorial College was crowned champion at this year’s “Social Innovation • Community 4.0” Competition. Their winning solution “Sunshine to Elderly”, is a socially inclusive sustainable gardening system on school campus. It aims to tackle the mental health issues of elderly citizens living in Sham […]
Washington, DC – News Direct – 15 July 2022 – Treliant, an essential, global consulting partner to the financial industry, has named international bank executive, Frank Morisano to the newly formed position of Senior Managing Director, Credit Solutions. This position was created to address significant increases in demand and to bring additional executive focus to Treliant’s credit solutions group, which delivers practitioner-based credit offerings to financial industry […]
Whatever your politics, a country’s taxation is an emotive subject that is debated ad nauseam in both government buildings and in public bars and clubs around the globe. Many companies operate under a predominantly bi-partisan system, which conveniently places each side either on the side of the (right leaning) low taxation system, or to the more left leaning high taxation system. Unfortunately, this black and white, all […]
By Krishna Jha India’s unemployment rate has risen to 7.80 percent in June. Haryana and Rajasthan are at the top. The other worrisome data point about the rate of unemployment, seen in June, 2022,was a fall of 2.5 million jobs among salaried employees. Unemployment has risen mainly in the agrarian sector, according to data released […]
The post Unemployment And Hunger Haunt The Indian Masses Under Modi Regime first appeared on IPA Newspack.
JAKARTA, INDONESIA – Media OutReach – 14 July 2022 – As a Google Cloud partner, iZeno has designed and implemented a tailored technology solution that integrates seamlessly with Bank BRI’s existing systems. Bank Rakyat Indonesia (Bank BRI) is the oldest and one of the largest banks in the country. It is also Indonesia’s biggest microlender to micro, small and medium enterprises (MSMEs). By moving into digital banking, […]
Matein Khalid My strategy recommendation to my friends was to short Brent crude at or above $120 for the $65 target I got from the world’s pre-eminent oil economist/OPEC watcher Ed Morse. The short Brent idea has been a money gusher now that Brent has plunged 7% in today’s session to 99 as I write. The fall in oil prices was inevitable. King Dollar is at 20 […]
By K Raveendran The rupee hitting new lows has become a monotonous regularity. The currency has fallen in the relentless climb by dollar, subjugated any resistance offered by other currencies, including the euro, which has fallen to its 20-year low, fast approaching the highly embarrassing parity in the wake of a crippling energy crisis brought […]
The post Rupee Slide Far From Over, More Ground Left To Cover first appeared on IPA Newspack.
Terraoil Publishes English Version of Update Letter to Shareholders STEINHAUSEN, SWITZERLAND – EQS Newswire – 13 July 2022 – Terraoil Swiss AG, an energy company with a strong focus on the Mediterranean is pleased to announce that, together with the invitation for the extraordinary Shareholders’ Meeting that was mailed to all registered shareholders, the Company also provided an update letter to the shareholders. An English version of […]
By Mohan V Katarki An unprecedented political crisis has arisen in Sri Lanka, leading to the breakdown of constitutional governance. Unorganised angry protesters, who are deeply affected by economic meltdown, have forced two Prime Ministers Mahinda Rajapaksa and his successor Ranil Wickremesinghe to resign, and have driven out the executive President Gotabaya Rajapaksa to high […]
The post Breakdown Of Constitutional Governance In Sri Lanka – What Is The Way Ahead? first appeared on IPA Newspack.
HONG KONG SAR – Media OutReach – 12 July 2022 – Hang Seng Bank offers diversified commercial banking service solutions to meet the needs of Small and Medium Enterprises (SMEs) at different stages in Hong Kong. The global business environment changes rapidly under fluctuating pandemic situation and Hang Seng has been optimising digital business banking services to allow enterprises to maintain efficiency in a competitive market, while […]
By Nantoo Banerjee The European Commission’s decision just ahead of last month’s G7 Leaders’ Summit in Germany to mobilise Euro 300 billion (US$340 billion) by 2027 to invest in public and private infrastructure around the world is most welcome though it came several years after a similar initiative by China. With US President Joe Biden […]
The post China’s Nine-Year Old BRI Finally Finds A Challenger first appeared on IPA Newspack.
By Arun Srivastava Number of the claimants for the office of the prime minister in Britain is quite alarming. Every fourth law maker of UK is striving to grab the post. If the present trend is any indication, it can safely be said that Conservative leadership election is quite open with candidates from almost every […]
The post Boris Johnson Is Determined To Prevent Rishi Sunak From Occupying His Place first appeared on IPA Newspack.
