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While BJP leaders called the Interim Budget 2024-25 “encouraging” and “empowering”, opposition leaders expressed disappointment calling it an “anti-people budget”. The key highlights of the Interim Budget 2024-25 include “no changes” to the taxation system — both direct and indirect — including import duties. FM Sitharaman said that the “target is to reduce the fiscal […]

The post Opposition calls Interim Budget 2024-25 as ‘anti-people’ first appeared on Latest India news, analysis and reports on IPA Newspack.

West Bengal Chief Minister Mamata Banerjee on Wednesday accused the Congress of teaming up with the CPI(M) to strengthen the BJP in the state in the upcoming Lok Sabha elections. Banerjee, who was speaking at a public distribution programme here, said the TMC decided to fight the upcoming polls alone in West Bengal after the […]

The post Mamata says not a single seat would be shared first appeared on Latest India news, analysis and reports on IPA Newspack.

The Congress on Wednesday hit back at Prime Minister Narendra Modi for accusing the opposition of causing disruptions in Parliament and said it is the BJP that indulged in “disrobing” of Parliament and posed a threat to democracy in the country. Congress president Mallikarjun Kharge said data from the past two decades show that most […]

The post Kharge says most parliament disruptions when BJP was in opposition 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: Finance Minister Nirmala Sitharaman on Thursday proposed tax benefits for start-ups and pension funds. The government has taken measures to promote start-ups in the country. As many as 1.17 lakh start-ups are recognised by the government so far. Under the Startup India Action Plan unveiled on January 16, 2016, the government provides tax […]

The post Budget 2024: Government Proposes Tax Benefits For Start-Ups, Pension Funds first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday said there are no changes in tax rates for direct and indirect taxes, including import duties. She also said the number of tax filers has swollen 2.4 times and the direct tax collection has trebled since 2014. The processing time of tax returns has been reduced from […]

The post No Changes In Tax Rates For Direct, Indirect Taxes: FM 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.

By Dr. Gyan Pathak Interim Union Budget 2024-25 for railways neither generated much hope for betterment of railways operations nor services to its commuters, though Union Finance Minister Nirmala Sitharaman has announced three major economic railway corridor programmes to be implemented, and 40,000 normal bogies to be converted to the Vande Bharat standard. The budget […]

The post Interim Budget 2024-25 Does Not Generate Much Hope For Railways first appeared on Latest India news, analysis and reports on IPA Newspack.

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.

NSE Nifty was up by 0.03 per cent or 5.95 points to 21,731.65 points, while the BSE Sensex was at 71,806.44 up by 0.04 per cent or six points. A total of 3,820 stocks were actively traded, 1,722 advanced, while 1,962 declined and 136 stocks remained unchanged where 397 stocks hit a 52 week high […]

The post Markets Show Resilience Post-Budget; Mixed Sectoral Performance 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.

NEW DELHI: The Indian economy has witnessed a profound positive transformation in the last 10 years, Finance Minister Nirmala Sitharaman said on Thursday. Sitharaman in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, said the people of India are looking ahead to the future with hope and […]

The post Indian Economy Witnessed Profound Positive Transformation In Last 10 Years: Finance Minister first appeared on Latest India news, analysis and reports on IPA Newspack.

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.

Steel makers expect continued focus on the infrastructure spending, push to domestic manufacturing, and measures to check rising imports in the upcoming interim Budget. In the 2023-24 Budget, Union Finance Minister Nirmala Sitharaman announced a capex of Rs 10 lakh crore for infrastructure development. “The government should continue the focus on increasing the spend on […]

The post Steel Makers Expect Continued Focus On Infra Spend, Import-Checking Measures first appeared on Latest India news, analysis and reports on IPA Newspack.

West Bengal Chief Minister Mamata Banerjee on Tuesday lambasted the BJP for raising the CAA issue ahead of the Lok Sabha polls, asserting that she will never allow its implementation in the state during her lifetime. Speaking at a public distribution programme at Raiganj in Uttar Dinajpur district, she alleged that the BJP “opportunistically raised” […]

The post Mamata vows not to allow CAA implementation in Bengal first appeared on Latest India news, analysis and reports on IPA Newspack.

Amid speculations that the Jharkhand Chief Minister fled to evade the Enforcement Directorate’s investigation into a money laundering case, the Bharatiya Janata Party (BJP) made a big claim about Delhi Chief Minister Arvind Kejriwal’s involvement in Soren’s escape. Senior BJP leader Nishikant Dubey on Wednesday alleged that the AAP supremo assisted in escorting Hemant Soren […]

The post BJP claims Kejriwal involved in Hemant Soren’s escape first appeared on Latest India news, analysis and reports on IPA Newspack.

Bengal Congress chief Adhir Ranjan Chowdhury on Wednesday said that he “just heard a noise” and saw window pane of Rahul Gandhi’s car falling off. “How do we know who has done it? Police will look into the matter,” he added. His statement came minutes after reports claimed that rear window pane of Gandhi’s vehicle […]

The post Stones thrown at Rahul Gandhi’s car in Malda 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.

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.