By Dr K R Shyam Sundar The Economic Survey (ES) 2022-23 prepared the ground for the focus points in the Union Budget 2023-24 presented on February 1… Labour law reforms were implemented. It is not a question of the Union Government’s failure. It is the duty of the Union Government to pass laws and frame […]
The post 2023-24 Budget Keeps Key Issues Of Indian Workers Unaddressed first appeared on IPA Newspack.
The Reserve Bank of India today said the country’s banking system remains resilient and stable, amid concerns about the exposure of lenders to Adani group companies. “Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. Banks are also in compliance with the Large Exposure Framework guidelines issued by the […]
The post RBI says banking sector stable amid Adani stocks rout first appeared on IPA Newspack.
By Prabhat Patnaik The most outstanding feature of the Indian economy today is the sluggish increase in real consumption expenditure. Between 2019-20 and 2022-23 for instance the per capita real consumption expenditure has grown by less than 5 per cent which is less than the rate of growth of the gross domestic product. Even the […]
The post Modi 2’s Last Full Budget Ignores Indian Economy’s Basic Problem first appeared on IPA Newspack.
By Dr. Gyan Pathak Union Budget 2023-24 is deceptive. The very presumptions of revenue and growth are overestimated, promises made are too high to be realized, allocations made are inequitable for different sectors as well as social groups, and the higher allocations made for certain sectors are being energetically overplayed. If the Indian Economy is […]
The post Deceptions In Plenty In The Union Budget 2023-24 first appeared on IPA Newspack.
By Saifur Rahman The International Monetary Fund (IMF) this week approved a 42-month credit line of US$4.7 billion including US$3.3 billion under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as US$1.4 billion under the newly created Resilience and Sustainability Facility (RSF). This approval enables the immediate disbursement of US$476 million. Bangladesh is the first Asian country to access the RSF. “The 42-month […]
By P. Sudhir A small US investor firm has challenged the Indian behemoth, the Adani group, and shaken it to its foundations. The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshalling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies […]
The post Investigation Into The Entire Business Activities Of Adani Group Is Imperative first appeared on IPA Newspack.
Congress leader Rahul Gandhi on Wednesday slammed the Modi government, claiming that its ‘mitr kaal’ budget has no vision to create jobs as well as no plan to tackle inflation, and proves that the Centre has no roadmap to build India’s future. Gandhi’s reaction came after the presentation of the Union budget for 2023-24 by […]
The post Rahul calls Budget 2023 ‘Mitr Kaal’, no roadmap to future first appeared on IPA Newspack.
Adani Enterprises Ltd has called off its Rs 20,000-crore share sale, saying it would not be “morally correct” in the current market condition. Adani Enterprises chief Gautam Adani has said although the FPO closed successfully yesterday, “the market has been unprecedented (today), and our stock price has fluctuated over the course of the day”. “Given […]
The post Adani ditches share issue on ‘moral’ grounds first appeared on IPA Newspack.
The Revolutionary 456 Learning Experience Alters Skills Learning & Development in 3 Stages SEAC, Southeast Asia’s SMART Learning leader (meeting modern learning needs) has integrated content, technology, design, and learning experience expertise to reimagine learning for today’s learners using their patented 456 methodologies. Both individuals’ and economies’ futures require more people of all ages and walks of life to have access to upskilling opportunities to create life-changing […]
SINGAPORE – Media OutReach – 2 February 2023 – Harnessing the scale of two million listings listed in the electronics category every quarter, leading multi-category platform for secondhand in Greater Southeast Asia Carousell Group has doubled down on driving electronics recommerce across the region since acquiring control of Laku6, the leading AI-first end-to-end electronics recommerce platform in Indonesia. The Group has integrated the Laku6 team’s expertise and […]
ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announces a major milestone in securing $30 million in debt financing. The $30 million financing round was comprised of $20 million from Lendable, the global provider of debt to fintech companies in emerging markets, marking their first investment in South Asia. DHAKA, BANGLADESH – Media OutReach – 2 February 2023 – ShopUp, the largest full-stack B2B commerce platform […]
By Nantoo Banerjee The massive boost in infrastructure spending proposed in the 2023-24 budget is expected to be the biggest growth driver of the county’s economy with several sectors such as steel, coal, power, engineering, automobile and banking are expected to do well. The infrastructure spending along with the focus on tourism, urban development covering […]
The post 2023-24 Budget Provides Big Boost For Industry, Tourism first appeared on IPA Newspack.
By K Raveendran Increased tax collections in view of a post-Covid pickup in the economy, easing of commodity prices as part of a global trend and lower subsidies on account of a reduction in food and fertilizer subsidy, apart from the withdrawal of Covid-related reliefs have given finance minister Nirmala Sitharaman a lot of elbow […]
The post Relatively Favourable Conditions Help Finance Minister Go For A Capex Boost first appeared on IPA Newspack.
The Union Budget is not people-friendly as it has been prepared keeping in mind the interests of a few businessmen, People’s Democratic Party (PDP) chief Mehbooba Mufti alleged on Wednesday. Talking to reporters here, the former Jammu and Kashmir chief minister said the budget presented by Union Finance Minister Nirmala Sitharaman is the same as […]
The post Budget not people-friendly, says Mehbooba Mufti first appeared on IPA Newspack.
Visakhapatnam, formerly known as Vizagapatam and now also known as Vizag, was on Tuesday announced as the new capital of Andhra Pradesh. Chief Minister YS Jagan Mohan Reddy said he also would be shifting his office to Visakhapatnam, a port city, in the months to come. Speaking at the preparatory meeting in Delhi for the […]
The post Visakhapatnam declared as new capital of Andhra Pradesh first appeared on IPA Newspack.
DUBAI: Middle East-based investors are highly attracted to the U.S. real estate market due to its stability, security, and growth. To meet this increased investor demand, Glenwood Equity has partnered with U.S.-based Patel Family Office to set up new bases of operation in Abu Dhabi, Riyadh, Sharjah, Kuwait, Bahrain, Istanbul, Jeddah, Oman, Qatar, and Doha. The local bases will liaise with the partnership’s Dubai hub to support high net worth private investors, wealth advisers, and strategic […]
By Dr. Gyan Pathak Economic Survey 2022-23 is clearly optimistic on Indian economy with downside risks not getting proper focus in the analysis of the policy makers. Though it has projected India’s GDP growth at 6-6.8 per cent for 2023-24, has also cautioned that even as India’s outlook remains bright, global economic prospects are weighed […]
The post Economic Survey 2022-23 Too Optimistic With Downside Risks In Economy first appeared on IPA Newspack.
Workato was recognized for its Customer Experience with 4.9/5 ratings in Gartner Peer Insights and Market Responsiveness delivering 450 releases in the past 12 months. SINGAPORE – Media OutReach – 31 January 2023 – Workato, the leading enterprise automation and integration platform, announced today that it has again been recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for Integration Platform as a Service. Workato has […]
MOSCOW, RUSSIA – Media OutReach – 31 January 2023 – More than 3 million tonnes of copper ore have already been mined from the western pit of the Udokan copper deposit, in Russia’s Trans-Baikal Region. The deposit is being developed as part of mining and capital works that began in mid-2020. The ore extracted at this stage will be used to run cold and hot tests of […]
By Annie Domini It was snowing hard in Srinagar, capital of Jammu and Kashmir, when the concluding ceremony of Bharat Jodo Yatra took place on the morning of30 January, 2023. Rahul Gandhi was finally donning a pheran, the traditional Kashmiri coat, as he delivered an emotionally rousing speech, delineating the aim and achievement of the […]
The post Rahul Gandhi’s Bharat Jodo Yatra Culminates In An Emotional Crescendo first appeared on IPA Newspack.
By Kalyani Shankar One of the important businesses in Parliament is the annual budget presentation. This year too, on February 1, Union Finance Minister Nirmala Sitharaman will present the 2023 budget. Why is a budget important? It gives a bird’s eye view of the government’s fiscal policy and how it will distribute resources. The 2023 […]
The post Narendra Modi Govt’s Last Full Budget On February 1 May Have Some Surprises first appeared on IPA Newspack.
By Arun Srivastava In one stroke the empire of the world’s third richest till the other day, Gautam Adani, which he had built on the edifice of dishonesty and crony capital has been crashed. The assault has come from the US-based Hindenburg Research which charged the Adanis of being “engaged in a brazen stock manipulation […]
The post Hindenburg Exposure Underlines Patronage Of Ruling Govt To Adani Group Companies first appeared on IPA Newspack.
Matein Khalid If banks were people, Standard Chartered Bank (SCB) would be a plain Jane spinster, always a bridesmaid but never a bride, jilted at the altar by her suitors and now at the nikah by First Abu Dhabi Bank. I had a near heart attack when I saw the shares rise 20% in London as the grapevine said a major Abu Dhabi bank was going to bid for […]
