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NEW DELHI: The revamped solar rooftop scheme announced by Prime Minister Narendra Modi which also found a mention in Finance Minister Nirmala Sitharaman’s Interim Budget speech will be implemented by the public sector utilities (PSUs) of the power ministry across all states, Union Power Minister R K Singh said here on Friday. Calling it the […]

The post Power PSUs To Implement Pm Suryodaya Yojana: Power Minister R K Singh first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government has extended the customs duty exemption given to vessels engaged in laying submarine cables to September 30, giving relief to the telecom sector. The exemption was coming to an end on March 31. Industry body Cellular Operators Association of India (COAI) has lauded the move as telecom companies depend heavily on […]

The post Govt Extends Customs Duty Exemption To This Key Telecom Sector Segment first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: Several industry captains on Thursday lauded the interim budget, stating that it will support the country’s economic growth and enhance investors’ sentiments. ITC Ltd Chairman and MD Sanjiv Puri said the budget demonstrates India’s confidence as an economy of substance and immense promises. “The budget builds on the extraordinary vision of the prime minister […]

The post Interim Budget To Support Growth, Enhance Sentiment: Industry Captains first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The interim Budget 2024 has not made mention of any measure or recommendation to address the very serious bottleneck that has been gripping India’s maritime trade for weeks now—the Red Sea crisis! This crisis is also known as the United States-Iran proxy war that began on October 19, 2023, when the Houthis […]

The post 2024-25 Budget Is Silent On India’s Maritime Preparedness To Deal With Red Sea Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: When Union Finance Minister Nirmala Sitharaman rose to present the Interim Budget on Thursday, it was an open question as to whether it would focus on consolidating the gains made in recent years on fiscal consolidation, or move towards full-throated populism in anticipation of general elections in the next few months. The answer […]

The post FM Sitharaman’s Interim Budget Is High On Confidence, Not On Populism first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Finance Minister Nirmala Sitharaman set a target for raising Rs 50,000 crore through divestment receipts and monetisation of public assets in the financial year 2024-25. However, the government, for the first time, did not reveal the specific target for divestment for the next fiscal year. The receipts from asset monetisation, along with proceeds […]

The post Interim Budget: Disinvestment, Monetisation Target Set At Rs 50,000 Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

With an ambitious goal of becoming a $5-trillion economy, India is at the crossroads of massive transformation. The Government of India’s visionary Viksit Bharat@2047 initiative augers well for the nation that could not be more ready to become a developed powerhouse by the centenary of India’s independence. The Interim Budget 2024 is aligned with the […]

The post Interim Budget: Focus On Infrastructure Growth Sets Stage For Viksit Bharat first appeared on Latest India news, analysis and reports on IPA Newspack.

Industry leaders and leading tax consultants have expressed surprise over non-extension of the sunset date of the concessional tax rate of 15% on new manufacturing units beyond March 31, 2024 in the interim Budget, as this may discourage fresh private investments, say experts. “Considering the continuing need to incentivise manufacturing in India and the support […]

The post Non-Extension Of 15 Per Cent Tax For New Manufacturing Units May Discourage Fresh Investments first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Ahead of the Interim Budget for FY25, the fiscal deficit touched 55 per cent (Rs 9.8 trillion) of the full-year target for the April-December period of FY24, data by the Controller General of Accounts (CGA) on Wednesday showed. The fiscal deficit was marginally lower at Rs 9.9 trillion, recorded during the corresponding period […]

The post At Rs 9.82 Trillion, April-December Fiscal Deficit 55% Of Govt’s Annual Target first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy The interim budget presented on February 1 is a hopeful document, pinning its faith on the continued buoyancy of the Indian economy. At the outset, the finance minister, Nirmala Sitharaman, should be complimented for presenting the shortest and a crisp budget speech, instead of a meandering one of at least one and […]

The post Sitharaman’s Interim Budget 2024-25 Is Focused And Future-Centric first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Finance Nirmala Sitharaman’s interim budget speech sounded like a well-crafted compendium of compliments to Prime Minister Narendra Modi. It was as though she was singing her swan song, and an ode to the greatness of her mentor, rather than on what the government planned to do in the days ahead. It also […]

The post Nirmala Sitharaman’s ‘Swan Song’ Budget Speech Is Virtually An Ode To Modi first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) on Wednesday barred Paytm Payments Bank from accepting fresh deposits and carrying out transactions from February 29 this year, citing “persistent non-compliance” and “material supervisory concerns”. In March 2022, the regulator barred Paytm Payments Bank from taking in new customers. The company, with One97 Communications as its parent, […]

The post RBI Bars Paytm Payments Bank From Carrying Out Transactions Starting February 29 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s core sector grew at its slowest pace in 14-months in December at 3.8% from 7.9% in the previous month due to base normalisation and slowing activity in crude oil production and electricity generation, official data released Wednesday showed. The eight core industries that account for 40% of the index of industrial production […]

The post At 3.8%, Core Sector Growth Hit 14-Month Low In December first appeared on Latest India news, analysis and reports on IPA Newspack.

By K R Sudhaman The interim budget 2024-25 presented ahead of the General elections in April-May is slightly different from previous interim budgets in the sense it made no major tax announcements keeping in line with the convention. What is significant is that the budget speech was short, less than an hour, and that it […]

The post Pre-Election Interim Budget 2024-25 Smacks Of Confidence Of Modi Govt first appeared on Latest India news, analysis and reports on IPA Newspack.

Dubai-based real estate giant, Taraf, has recently revealed its newest residential undertaking in the thriving community of Jumeirah Village Circle (JVC). The unveiling marks the company’s strategic expansion in one of Dubai’s rapidly growing residential sectors.

The newly launched project is poised to offer a diverse range of residential options, catering to the varying needs of potential homeowners and investors. Taraf’s commitment to quality and innovation is expected to be reflected in the architectural design and amenities provided within the development.

JVC, known for its family-friendly environment and convenient location, has become a sought-after destination for both residents and property investors in Dubai. Taraf’s decision to introduce a new residential project in this community aligns with the city’s continuous urban development efforts.

While specific details about the project remain limited, industry insiders anticipate that Taraf’s venture will contribute significantly to the evolving real estate landscape of JVC. The development is expected to feature modern amenities, green spaces, and innovative design elements that enhance the overall living experience.

This move comes as Dubai’s real estate market continues to show signs of recovery and growth after a period of adjustments. Taraf’s decision to launch a new residential project underscores the confidence in the market’s resilience and the potential for long-term investment opportunities.

The real estate company is known for its successful track record in delivering quality projects, and this latest venture is anticipated to uphold the same standard. With the announcement generating buzz in the local real estate scene, potential buyers and investors are keenly awaiting further details on the project’s specifics.

As Dubai remains a hub for international business and a melting pot of diverse cultures, the demand for premium residential spaces continues to rise. Taraf’s strategic move to introduce a new project in JVC positions the company to meet the growing demand and capitalize on the evolving preferences of the city’s residents.

While the real estate market in Dubai experiences fluctuations, Taraf’s decision to invest in a new residential project reflects a calculated approach to meet the evolving demands of the dynamic city. As the project unfolds, it is expected to contribute to the overall growth and development of Jumeirah Village Circle, solidifying Taraf’s presence as a key player in Dubai’s real estate sector.

NEW DELHI: The Indian government will spend a record ₹11.11 trillion ($133.87 billion) on infrastructure creation in 2024/25, to ensure the Asian nation remains one of the world’s fastest growing major economies. The allocation for capital expenditure for the financial year starting April 1 is 11.1 per cent higher than the capex for the current […]

The post Government Raises 2024-25 Capex Spend To Record ₹11.11 Trillion first appeared on Latest India news, analysis and reports on IPA Newspack.

The 2024 rendition of the Internet 2.0 Conference has successfully concluded, leaving in its wake a trail of transformative discussions that promise to reshape the technological landscape. Attended by key figures from the tech industry, the summit unfolded with an array of insightful presentations and debates, setting the stage for a new era of digital innovation.

Distinguished speakers at the conference delved into a spectrum of topics ranging from the future of artificial intelligence to the evolving dynamics of cybersecurity. One of the focal points of the event was the exploration of cutting-edge technologies poised to redefine the internet as we know it.

The conference kicked off with an address by renowned tech entrepreneur, Dr. Alicia Rodriguez, who underscored the importance of collaborative efforts in steering the course of digital evolution. Dr. Rodriguez emphasized the need for a unified approach among industry leaders, policymakers, and innovators to address the challenges and opportunities presented by the rapidly changing technological landscape.

A notable highlight of the event was the panel discussion featuring cybersecurity experts, Dr. Jonathan Kim and Dr. Mei Ling Chen. Both experts shared insights into the escalating cyber threats facing the digital realm and proposed strategies for fortifying the online infrastructure. The discourse resonated with the audience, highlighting the imperative for collective action to bolster cybersecurity measures.

In another riveting session, pioneers in artificial intelligence, Dr. Elena Martinez and Dr. Raj Patel, engaged in a thought-provoking dialogue on the ethical implications of AI advancements. They deliberated on the responsibility of tech leaders in ensuring the ethical development and deployment of artificial intelligence, addressing concerns related to bias, privacy, and accountability.

The conference also served as a platform for emerging startups to showcase groundbreaking innovations. Startups such as Quantum Innovations and Code Nexus presented their revolutionary projects, drawing attention from venture capitalists and industry leaders alike.

As the curtains fell on the Internet 2.0 Conference’s 2024 edition, the tech community is left contemplating the profound impact of the discussions that unfolded. The insights shared and connections forged during this gathering are anticipated to catalyze a new wave of technological advancements, setting the stage for the continued evolution of the internet and its pervasive influence on society.

Awst, the prominent business entity, is set to expand its reach across the bustling city of Sharjah, according to an announcement by Noura Ali Al Shamsi.

The strategic move comes as part of Awst’s ongoing efforts to broaden its footprint in key economic hubs. Noura Ali Al Shamsi, a key figure in the organization, revealed the expansion plans in a recent statement, highlighting the significance of Sharjah in their growth strategy.

The decision aligns with the company’s commitment to enhancing its services and establishing a more robust presence in the region. Sharjah, known for its economic vibrancy, has become a focal point for businesses seeking strategic expansion opportunities.

Awst aims to leverage Sharjah’s dynamic business environment, tapping into the city’s potential for fostering growth and innovation. The expansion is expected to bring about a range of benefits for the company, including increased market share and a more extensive customer base.

Noura Ali Al Shamsi emphasized that the move reflects Awst’s confidence in the economic landscape of Sharjah. The decision is backed by thorough market research and analysis, ensuring that the expansion aligns with the city’s current and future economic trends.

The company’s commitment to excellence and customer satisfaction remains unwavering, with the expansion aimed at providing enhanced accessibility to Awst’s products and services for the residents and businesses of Sharjah.

Industry experts view this expansion as a strategic and well-timed move by Awst, positioning the company for sustained growth in a competitive market. The announcement has already generated interest among investors and stakeholders, with many expressing optimism about the positive impact on Awst’s overall performance.

As Awst increases its presence in Sharjah, the company is set to contribute to the city’s economic landscape and job market. The expansion is expected to create employment opportunities and stimulate economic activity, further solidifying Awst’s position as a key player in the business sector.

The news of Awst’s expansion in Sharjah comes at a time when businesses are strategically positioning themselves to capitalize on emerging opportunities. Noura Ali Al Shamsi’s announcement underscores the company’s forward-looking approach and determination to thrive in a dynamic business environment.

As Awst embarks on this strategic expansion journey, all eyes are on the unfolding developments in Sharjah, with stakeholders eagerly anticipating the positive impact this move will have on the company’s growth trajectory and the broader economic landscape of the city.

NEW DELHI: State-owned Bharat Petroleum Corp Ltd has set it capital expenditure target for 2024-25 at Rs 15,000 crore, the company said on Tuesday. Further, it also aims to expand its market networks with new pipelines underway. “Augmenting strong marketing networks, we have approved two pipeline projects from Mumbai refineries,” the company said on an […]

The post BPCL Sets FY25 Capex Target At Rs 15,000 Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

CHENNAI: After India created history through Chandrayaan-3’s soft landing on the moon last year, the booming private sector space industry in the country is pinning hopes on this year’s interim Budget. The sector is upbeat that the Centre will open up foreign direct investment (FDI), introduce a production-linked incentive (PLI) scheme and give goods and […]

The post Private Sector Space Players Seek Govt Relief On FDI And GST Exemption first appeared on Latest India news, analysis and reports on IPA Newspack.