MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]
The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.
Next Level Phishing Attacks Difficult to Distinguish Hackers Exploit AI for Crimes Could Become a New Normal HONG KONG SAR – Media OutReach Newswire – 1 February 2024 – The Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) held a briefing today, and summarised the information security situation in Hong Kong in 2023 as well as released a security outlook for 2024. Emerging technologies, such as […]
HONG KONG SAR – Media OutReach Newswire – 1 February 2024 – DFI Retail Group (“DFI”) is pleased to announce that Wellcome Supermarket (“Wellcome”), a part of its retail portfolio, has acquired a European-made 24-ton electric truck, with plans to add a second one to its fleet in Hong Kong later this year. This strategic move makes Wellcome the first retail company in Hong Kong to adopt […]
By Dr. Gyan Pathak Reduction in the total allocations for Union Ministry of Labour and Employment and also workers’ social security in the Interim Union Budget 2024-25 has revealed PM Narendra Modi government’s anti-labour stance, an allegation that has been labelled by the joint platform of Central Trade Unions (CTUs) since the passage of four […]
The post Interim Union Budget 2024-25 Reveals Modi Governments Anti-Labour Stance first appeared on Latest India news, analysis and reports on IPA Newspack.
Maintaining that the INDIA alliance is for the 2024 Lok Sabha elections and not for assembly polls in any state, the Congress on Friday asserted that the opposition bloc of 27 parties exists and will fight together. Bihar Chief Minister Nitish Kumar-headed JD(U) recently joined the BJP-led NDA leaving the opposition bloc, making it a […]
The post INDIA alliance only for Lok Sabha, not state polls: Cong 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.
MUMBAI: The current account savings account (CASA) deposit ratio of private sector banks declined more than that of public sector banks (PSBs) in the past year due to a stronger demand for credit and an increased preference for term deposits. According to data from CareEdge Ratings, the share of CASA deposits to total deposits of […]
The post Private Sector Banks’ CASA Deposits Ratio See Sharper Drop Than PSBs 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.
Curtains are finally down in Ranchi after a long push-and-pull between Hemant Soren, who resigned as Jharkhand Chief Minister shortly before his arrest on Wednesday, and the Enforcement Directorate in connection with the land scam case. Soren was arrested after a seven-hour-long interrogation and high drama over nominating his successor. Following a family feud, opposition […]
The post Soren 3rd CM to be arrested in Jharkhand’s 23-year statehood first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: Proactive inflation management has helped keep the country’s inflation within the manageable range, Finance Minister Nirmala Sitharaman said while presenting the interim Budget on Thursday. She also said that the inflation has moderated. The Reserve Bank of India has been mandated by the government to ensure retail inflation remains at 4 per cent […]
The post Proactive Inflation Management Helps Keep Inflation Within Manageable Level, Says FM Nirmala Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.
Several leaders from the opposition attended the all-party meeting called by the government ahead of the budget session of Parliament on Tuesday. Sources said the government explained to the opposition leaders that this was a small session and the focus would be on the Presidential address as well as the presentation of the union budget. […]
The post Opposition decries ‘overreach’ by central agencies first appeared on Latest India news, analysis and reports on IPA Newspack.
By Dr. Gyan Pathak There has been suspicion of rigging elections by BJP government led by PM Narendra Modi, which just gained credence the way mayoral election in the Union Territory of Chandigarh was finally conducted and result declared on January 30. Votes polled for INDIA bloc’s candidates were invalidated and BJP’s candidate declared winner. […]
The post Suspicion Of Rigging Elections By BJP Gains Credence first appeared on Latest India news, analysis and reports on IPA Newspack.
By Sushil Kutty Take the police away for 15 minutes and… Similarly, take the CBI, ED and the Income Tax Department out of the Centre’s equation and people will see through the hollowness of the Modi regime’s allegations of corruption against INDI-Alliance leaders in no time at all. It is long alleged that the Modi-led […]
The post Central Agencies’ Intensified Raids On Opposition Leaders Give Ominous Signal first appeared on Latest India news, analysis and reports on IPA Newspack.
BTC halving will occur when the number of blocks reaches 840,000 in April 2024. Then, the reward per block will decrease from 6.25 to 3.125 BTC. Usually, the bitcoin price rises for about six months before halving and is rather stable during the event. The primary growth occurs in the year following the halving. If Bitcoin mirrors its performance from the previous two periods, its price could […]
MUMBAI: Banks are unlikely to get any respite from declining current account-savings account (CASA) ratio in the first half of the current calendar year. Bankers do not expect any improvement in CASA ratio in near term as high interest rates on fixed deposits will keep attracting funds from current and savings accounts. “The gap between […]
The post Banks’ CASA Ratio To Remain Stressed first appeared on Latest India news, analysis and reports on IPA Newspack.
The U.S. Securities and Exchange Commission’s (SEC) approval of the launch of 11 bitcoin exchange-traded funds (BTC ETFs) surged in bitcoin trading volumes. On the first day of the launch of trading in spot bitcoin ETF units, about 700,000 transactions were made, and the trading volume reached $4.33 billion. Half of this volume, or $2.1 billion, came from Grayscale’s bitcoin ETF, and another $1 billion came from […]
The crude oil market share of the Organization of Petroleum Exporting Countries (OPEC) has been declining since the cartel came out with its Declaration of Cooperation (DoC). The share is under increasing threat from non-OPEC+ countries, analysts say. According to research agency BMI, a unit of Fitch Solutions, propping up Brent through DoC has come […]
The post OPEC Losing Crude Oil Market Share As It Cuts Output To Lift Prices first appeared on Latest India news, analysis and reports on IPA Newspack.
By Prabhat Patnaik The unemployment situation is worse today than it has ever been in post-independence India. There are two distinct elements that have contributed to this situation. One is the fact that the output recovery from the fall caused by the pandemic-linked lockdown has not been accompanied by a comparable employment recovery. In fact, […]
The post Introduction Of Universal Employment Guarantee Scheme Is Need Of The Hour first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. Standalone net profit of Rs 8,063.39 crore in October-December 2023-24 […]
The post Indian Oil Corporation Q3 Net Profit Soars To Rs 8,063 Crore, On Road To Best-Ever Annual Earning first appeared on Latest India news, analysis and reports on IPA Newspack.
By Dr. Gyan Pathak Trinamool Congress leader Mamata Banerjee’s outbursts against the Congress as ‘discourteous’ and her declaration that her party would go solo in the forthcoming Lok Sabha Election 2024 is being blown out of proportion, to emphasize that INDIA bloc is entirely in disarray, and it would help PM Narendra Modi and his […]
The post Congress-TMC Seat Sharing Differences Can Still Be Sorted Out Before Polls first appeared on Latest India news, analysis and reports on IPA Newspack.
By Krishna Jha “The people of India, having solemnly resolved to constitute India into a sovereign Democratic republic and to secure to all its citizens Justice, social, economic and political, Liberty of thought, expression, belief, faith and worship, Equality of status and opportunity, and to Promote among them all, Fraternity assuring the this twenty sixth […]
The post On Republic Day This Year, The Task Is To Protect The Values Of Constitution first appeared on Latest India news, analysis and reports on IPA Newspack.
By Arun Srivastava The richest, most crony capitalism-friendly prime minister of India Narendra Modi bestowing Bharat Ratna, although officially being awarded by the President, Draupadi Murmu, on the deprived socialist leader Karpoori Thakur has given rise to boisterous political chattering in Bihar. However, it has also put the political moves of Chief Minister Nitish Kumar […]
The post With Bharat Ratna To Karpoori Thakur, Modi Eyes Nitish’s Vote Base first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: The share of direct taxes in gross domestic product (GDP) rose to a 15-year high of 6.11 per cent during 2022-23 (FY23), but their buoyancy fell to 1.18 from 2.52 in the previous year, according to official data released on Tuesday. This means that while the tax-to-GDP ratio registered a record high during […]
The post Tax-GDP Ratio Rises To 15-Year High Of 6.11% During FY23, Shows Data first appeared on Latest India news, analysis and reports on IPA Newspack.
