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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 Dr. Gyan Pathak “The fundamentals of the Indian Economy are sound as it enters its Amrit Kaal, the 25-year journey towards its centenary as a modern, independent nation. Policies pursued carefully and consciously to ensure …” was of course noisy and highly opinionated statement of the Economic Survey 2022-23, but the Union Budget 2023-24, […]

The post Union Budget 2023-24 Is Not Fair To The Vulnerable Sections first appeared on IPA Newspack.

By Sushil Kutty What does the 2023-24 budget mean for the BJP in fighting the coming polls, including the nine in 2023, and the one in 2024? A simple question, with a simple answer: Budget 2023-24 has been drafted as a saviour! The BJP wants to win as many of the nine assembly elections as […]

The post Last Full Budget Before 2024 Polls Has Potential To Help BJP In Its Campaign first appeared on IPA Newspack.

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.

Former chief ministers of Jammu and Kashmir Mehbooba Mufti and Omar Abdullah said on Monday that they see a ray of hope in Congress leader Rahul Gandhi. As the two leaders invoked Mahatma Gandhi on his death anniversary while praising Rahul Gandhi for the Bharat Jodo Yatra, Abdullah also urged the former Congress president to […]

The post Mufti, Omar see ‘ray of hope’ in Rahul Gandhi as yatra ends first appeared on IPA Newspack.

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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 […]

By P. Sreekumaran THIRUVANANTHAPURAM: There is no mistaking it. Kerala has erased its image of being an investment-hostile State despite the campaign of misinformation being peddled day in and day out by the Opposition parties. Two recent developments have knocked the stuffing out of the argument of the Cassandras and doubting Thomases.  Firstly, Kerala’s Startup […]

The post Kerala Is Now Attracting Large Number Of Investors first appeared on IPA Newspack.

By Saifur Rahman  The total value of land and property sale and mortgage jumped 76.5 percent to US$143.86 billion (Dh528 billion) in 2022, from US$81.74 billion (Dh300 billion), in 2021, according to the Dubai Land Department, the emirate’s land and property registry. This is the first time the land and property transactions value crossed the Dh500 billion record and marks a new milestone in the history of […]

By Prakash Karat The union budget for 2023-24 is to be presented before parliament on February 1, 2023 at a time when both the Indian as well as world economies face a grim situation. Notwithstanding the tall claims of the Modi government, India’s economy is yet to recover from the crippling effects of the Covid […]

The post 2023-24 Budget Proposals Must Be Aimed To Tilt Distribution In Favour Of Masses first appeared on IPA Newspack.

MACAU and HONG KONG SAR – Media OutReach – 26 January 2023 – Prudential plc (Prudential) today announced it has received approval from the Macau Special Administrative Region to establish a branch of its Hong Kong business in Macau. With the addition of Macau, Prudential will have a presence in 24 markets across Asia and Africa. Prudential will initially offer life and health insurance solutions in Macau […]

By K Raveendran A new advance in AI technology, leading to the development of OpenAI-created ChatGPT, is threatening to become the nemesis of data entry jobs, entry-level copywriting, customer care and support centres, and even entry-level software developers. ChatGPT promises to be a great tool for marketeers as it can produce highly effective pitches on […]

The post New AI Technology Threatens Thousands Of More Entry-Level Jobs first appeared on IPA Newspack.

By Dr. Gyan Pathak Union Budget 2023-24 has fallen into the trap of lower growth prospect that has been estimated downwardly for the current fiscal 2022-23 ending on March 31, 2023, and also for the financial year 2023-24. Union Finance Ministry is under acute pressure of resource mobilization to fund social sector schemes that is […]

The post Union Budget 2023-24 Entrapped In Lower Growth Prospect first appeared on IPA Newspack.

TAIPEI, TAIWAN – Media OutReach – 19 January 2023 – Asian Consumer Electronics Online Exhibition (ACE 2023) is a virtual and physical integration targeting Asian suppliers, importers, and exporters. It will be exhibited from January 05 to March 31, 2023, and is expected to bring An excellent opportunity for exhibitors to expose their brands. This transnational trade event, jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com), will be […]

By Nantoo Banerjee The best thing the Narendra Modi government’s last full budget before the next Lok Sabha election can do is to focus primarily on job creation and provide attractive incentives to large industrial investments to help push quality employment. The government has done reasonably well in the infrastructure investment sector, despite various constraints […]

The post Union Budget 2023-24 Should Focus On Jobs first appeared on IPA Newspack.

By Dr. Gyan Pathak Union Budget 2023-24 needs to address the rising inequality in India that has acquired an alarming trend at a time when economic growth of the country is projected to decelerate during the next fiscal. The World Economic Forum in Davos 2023 (January 16-20) is in progress that has also brought the […]

The post Union Budget 2023-24 Must Address Rising Inequality In India first appeared on IPA Newspack.

Over 90% of educators acknowledged the importance of digital literacy for careers The Programme aims to empower underserved youth with free digital training HONG KONG SAR – Media OutReach – 17 January 2023 – Over 90% of educators acknowledged that digital literacy, especially in artificial intelligence (AI), is essential for students in preparing for their future careers, an online survey conducted by MakerBay Foundation reveals. Additionally, more […]

Technology partnership between audio specialist and British sports car manufacturer delivers premium audio quality to Plus Four and Plus Six HONG KONG SAR – Media OutReach – 18 January 2023 – British motor car manufacturer, Morgan Motor Company, has partnered with Sennheiser to develop a revolutionary audio system specially for its new Plus Four and Plus Six models. Whilst Morgan sports cars have featured audio systems in […]

HONG KONG SAR – Media OutReach – 17 January 2023 – The highly acclaimed 2022 Qianhai-Guangdong-Hong Kong- Macao-Taiwan Youth Innovation and Entrepreneurship Competition had come to a grand finale and announced its winners in both Tertiary Institutions and Secondary Schools Streams on December 29, 2022 in Hong Kong. With the competition running into its 7th year, organizers have received over 300 submissions covering 100 schools in Hong […]

By Matein Khalid King Dollar that saw a 20% rise in the world’s reserve currency (our currency, your problem) died in late September 2022 and the greenback is now 8% below its high on US dollar index (DXY). All G10 currencies have risen at least 7% against the USD. So its weakness is just not […]

The post Dethronement Of King Dollar Result Of A Sequence Of Events first appeared on IPA Newspack.

Two-year partnership helps provide 210,000 meals to people experiencing homelessness and empowers them to build their own social capital HONG KONG SAR – Media OutReach – 13 January 2023 – DBS Foundation, committed to championing social entrepreneurship and creating impact in the community, announced a two-year strategic partnership with ImpactHK to support The Kind Kitchen, a community kitchen to serve the underprivileged in need of food support. […]

By Prabhat Patnaik The IMF managing director Kristalina Georgieva has now openly admitted that the year 2023 will witness the slowing down of the world economy to a point where as much as one-third of it will see an actual contraction in gross domestic product. This is because all the three major economic powers in […]

The post Contraction Of GDP In One-Third Of Global Economy In 2023 Is Ominous first appeared on IPA Newspack.

By Dr. Gyan Pathak India would be going downhill for the next two years, if Global Economic Prospect just released by the World Bank is of any indication. GDPs for 2023and 2024 have been revised down to 6.6 per cent and 6.1 per cent respectively, which are below 0.5 and 0.4 per cent compared to […]

The post Economic Slowdown To Haunt India The Next Two Years first appeared on IPA Newspack.

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