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First Half

NEW DELHI: India’s economy is likely to grow a better-than-expected 7.3% in FY24, faster than all major global economies, powered by a double-digit rise in investments, led by government spending, official data released on Friday showed. The first advance estimate of gross domestic product (GDP) is higher than the Reserve Bank of India’s 7% forecast […]

The post Economy Stays On Fast Track, Likely To Grow At 7.3 Per Cent In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Strong demand from both international and domestic markets spurred services sector activity to a three-month high in December, according to a private survey released Friday. The HSBC India Services Purchasing Managers’ Index ended 2023 at 59, higher than the previous month’s reading of 56.9, as per the survey conducted by S&P Global. PMI […]

The post Services Activity Accelerates To Three-Month High In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Cooperation Minister Amit Shah on Thursday inaugurated a tur dal procurement portal through which farmers can register and sell their produce to NAFED and NCCF at a minimum support price or market price. A similar facility will be launched in future for urad and masoor farmers as well as maize farmers, he said. […]

The post Amit Shah Launches Tur Dal Procurement Portal; Sets 2027 As Target To Become Self Reliant In Pulses first appeared on Latest India news, analysis and reports on IPA Newspack.

Getting into poll mode, the Congress on Thursday initiated discussions on the party’s strategy, manifesto and seat-sharing for the Lok Sabha elections while also finalising the route map for the Bharat Jodo Nyay Yatra, a hybrid version of the earlier foot march. As the top leadership of the party got into a huddle at the […]

The post Cong meet discusses poll strategy, manifesto, seat sharing first appeared on Latest India news, analysis and reports on IPA Newspack.

US bankruptcy filings surged by 18 per cent in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level seen before the outbreak of Covid-19. Total bankruptcy filings — encompassing commercial and personal insolvencies […]

The post US Bankruptcies Surge 18%, More In Store: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty Delhi Chief Minister Arvind Kejriwal’s “imminent arrest” has been on the cards for two-three days and the AAP convener has been milking every drop of sympathy from talk of his imminent “arrest”. That said, while half of Delhi is convinced Kejriwal is corrupt to the core, the other half is still making […]

The post Delhi Chief Minister’s Arrest By Friday By ED Is A Distinct Possibility Now first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s manufacturing activity declined to its lowest level in 18 months in December, pulled down by weaker increase in factory orders and output, according to a private survey released Wednesday. The HSBC India purchasing managers’ index of manufacturing eased further to 54.9 in December compared with 56 in the previous month. However, the […]

The post Factory Activity Hits 18-Month Low In December On Weaker Order Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: With buoyant revenues likely ensuring that the 5.9% fiscal deficit target is met in the current financial year, the Centre may target to bring it t down to 5.2% in FY25, while sticking with the medium-term glide path for 4.5% deficit by FY26. However, this would entail compression of the revenue deficit, more […]

The post Interim Budget To Stick With Glide Path, FY25 Fiscal Deficit Target Likely At 5.2 Percent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In the free-trade negotiations that India is involved in, it may end up giving up more than what it can gain, trade policy think tank said on Tuesday citing a recent study. Even in labour-intensive sectors where New Delhi is seeking parity with competitors from the developing world, it may face disappointments, the […]

The post India To Continue Giving More Under FTAs Than It Musters: Study first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The audit and non-services offered by the Big Four network and other firms to their clients are under the lens of the National Financial Reporting Authority (NFRA), the regulator for listed and large unlisted companies in the country. The issue has been flagged in several of the inspection reports that have been released […]

The post Services Of Audit Companies Under Lens Of NFRA first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In order to give a push to the economy, the government has relaxed norms governing public expenditure exceeding Rs 500 crore during the fourth quarter (January-March) of the current financial year. Instructions to this effect were issued by the finance ministry through an office memorandum last week. The relaxation, according to a memorandum, […]

The post Govt Relaxes Norms Governing Public Expenditure Exceeding Rs 500 Crore For Q4 first appeared on Latest India news, analysis and reports on IPA Newspack.

Coal India Ltd (CIL) has lined up massive plans to ramp up its mining capacity, while also roping in the private players in a big way as mine development operators (MDOs). The state-run miner, which reported elevated capex consistently over the last several years, will keep the pace in the coming years as well, with […]

The post Coal Production Target For FY25 Is Set At 850 MT: CIL CMD first appeared on Latest India news, analysis and reports on IPA Newspack.

Disbursements by power-focused infrastructure companies are expected to surpass Rs 2.9 trillion in 2023-24 (April-March), aided by substantial capital expenditure in the power sector and improving balance sheets, CareEdge Ratings said in a report. Disbursements were at Rs 2 trillion in 2022-23. This growth in disbursements is likely to enable such infrastructure finance companies to […]

The post Power Finance Firms’ Disbursements To Top Rs 2.9 Trillion In FY24: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The country’s power consumption dipped 2.3 per cent to 119.07 Billion Units (BU) in December, marking its first monthly decline in eight months due to lower demand for heating equipment, especially in the north, on account of mild winter, according to government data. Earlier in April 2023, power consumption had dipped nearly 1.5 […]

The post Power Consumption Dips Marginally By 2.3% To 119.07 Billion Units In December: Govt first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty Watch out. Will Maharashtra Lok Sabha elections throw up surprises? The state dangles like a ripe fruit for the taking. Everybody is just waiting. The alliances, they seem they’re many. What happened to the Maha Vikas Aghadi, and did the BJP and the Shinde Shiv Sena combine have a name before Ajit […]

The post INDIA Bloc Has Lot Of Issues To Sort Out For Arriving At An Agreement In Maharashtra first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nitya Chakraborty The year 2023 has ended with two big wars and a few local conflicts including one in Myanmar bordering India. While the world was looking for the end of war in Ukraine during 2023, a new war with much severe death toll began in Gaza strip of Palestine in October 2023 giving […]

The post Global Politics May Witness Further Shift To Right And Authoritarianism In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

Targeting the Congress, BJP president J P Nadda on Sunday said those who spared no effort in doing injustice to society are now thinking about holding a ‘nyay yatra’. Addressing a public gathering here, Nadda also hit out at the opposition INDIA bloc, saying it is bent on dragging the country down while Prime Minister […]

The post Nadda ridicules Cong’s ‘Nyay Yatra’ first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Number of Bank frauds in 2022-23 in India reached 13,576 as against just 4306 in 2013-14, and has even broken the record of the last year in only first six months of the current financial year 2023-24 when the fraud cases have already risen to 14,483. Obviously, UPA government was no […]

The post Bank Frauds In Modi Regime Continues At Record High first appeared on Latest India news, analysis and reports on IPA Newspack.

By Harihar Swarup The INDIA alliance meeting in Delhi is broadly an effort at political resuscitation. For three months, the opposition formation had virtually suspended such strategic level dialogue, as the Congress prioritised the assembly elections. Talk of crucial loss of momentum. INDIA’s leading partner Congress stands devastated after losing in three states to the […]

The post BJP Has Narrative Advantage Against Combined Opposition first appeared on Latest India news, analysis and reports on IPA Newspack.

Union Minister Smriti Irani Friday alleged that former Congress chief Rahul Gandhi ignored the development of Amethi, a constituency he represented in the Lok Sabha for 15 years, but built a guest house for himself. During an interaction with people in Munshiganj here, the villagers drew her attention to the drainage. Irani, a Lok Sabha […]

The post Irani accuses Rahul of neglecting Amethi first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The finance ministry on Friday exuded confidence that the economy will “comfortably achieve” a growth rate upwards of 6.5% in FY24, as it expected the robust economic activity being witnessed in the third quarter of FY24 to continue through the March quarter as well. In an economic review for the first half of […]

The post Finance Ministry Confident Of 6.5 Per Cent Plus Growth In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed. India’s core sector output growth hit a six-month low of 7.8% in November, easing from 12% in the previous month, […]

The post Core Sector Growth Eases To Six-Month Low Of 7.8 Per Cent In November first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sarah Thanawala The heat of the flames of violence that flared up in Manipur in May this year quickly reached the Supreme Court of India. It all started on March 27, when the Manipur High Court directed the state government to consider the inclusion of the Meitei community in the list of Scheduled Tribes. […]

The post Manipur Burned, Govt Failed, Supreme Court Tried first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: To achieve self-sufficiency in production of coal and reduce the dependence on imports, the coal ministry has drawn up a strategic plan to slash imports of the fuel from over 20% now to 11% by the end of FY26, coal secretary Amrit Lal Meena told FE. The plan will entail a big boost […]

The post Government Charts Out Plan To Slash Coal Imports first appeared on Latest India news, analysis and reports on IPA Newspack.