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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.

By Anjan Roy Economic forecasting is always hazardous. It is more so in the current scenario. There are always any number of uncertainties about the future. But currently these are multifarious. No one really knows, including the dramatis personae, what will happen in the next week, let alone in course of the coming year. Take […]

The post New Year 2024 May Witness Far More Turmoil In Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Despite heavy odds and global crises, India showed remarkable resilience to keep inflation under control, Prime Minister Narendra Modi has said, exuding confidence that the BJP was a “natural choice” for the people and will form a majority government for a third time in a row in 2024. In an interview with newsmagazine […]

The post India On Road To Becoming Developed Country By 2047, Says PM Modi 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.

MUMBAI: The pace of growth of bank credit to the industrial sector slowed down to 6.1 per cent in November from 13.0 per cent in the year-ago month. However, the growth in credit to industry on a year-to-date basis in November in the current financial year (FY24) was slightly higher at 4.9 per cent against […]

The post Bank Credit To Industry Slows To 6.1 Per Cent, Services Sector Sees Growth: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is election year for the Indian economy and the footnote to the robust economic performance would pinpoint the risks of freebies and subsidy politics impacting growth. The pressures are expected to pinch hard from mid-year onwards as the drivers of growth would shift gears down by at least a couple of […]

The post India Set To Clock Highest Growth Rate In 2024 Among Major Economies first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava The catchline “Phir Aayega Modi” of the saffron ecosystem needs correction. It portrays him as a visionary who will return to usher India to a new and affluent ecosphere — purely as a device to strengthen the perception that Modi is the only saviour. Therefore, people must elect him. But scratch a […]

The post INDIA Bloc Must Protect Democracy With Bharat Nyay Yatra first appeared on Latest India news, analysis and reports on IPA Newspack.

Prime Minister Narendra Modi today flagged off two new Amrit Bharat trains and six new Vande Bharat trains from the redeveloped Ayodhya Dham Station. The new Amrit Bharat trains will run as Darbhanga-Ayodhya-Anand Vihar Terminal Amrit Bharat Express and Malda Town-Sir M Visvesvaraya Terminus (Bengaluru) Amrit Bharat Express. The Amrit Bharat trains, which are a […]

The post Modi flags off 2 Amrit Bharat, 6 Vande Bharat trains in Ayodhya first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Bank credit growth is expected to remain healthy at 12-13 per cent in the next fiscal, rating agency ICRA said while maintaining a positive outlook on the banking sector. In a statement, ICRA said the positive outlook on the banking sector is mainly driven by comfortable asset quality levels, with both corporate and […]

The post ICRA Sees Bank Credit Growth At 12-13 Per Cent In FY’25 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: As many as 12 companies raised Rs 8,931.69 crore through initial share sales this month, making it the best IPO month in two years. The previous best was December 2021, when 11 companies mopped up Rs 9,534 crore through Initial Public Offerings (IPOs). As per an analysis, 12 companies hit the market with their […]

The post Companies Raise Nearly Rs 9,000 Crore In December IPO Rush first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Biotechnology company Indian Immunologicals (IIL), under the National Dairy Development Board (NDDB), on Thursday announced the start of the construction of its new vaccine manufacturing plant at Genome Valley, Hyderabad. The company is investing around Rs 700 crore in this facility. Equipped with a BSL3 (biosafety level) facility for drug substance production and a […]

The post IIL Invests Rs 700 Crore In New Vaccine Plant To Combat Livestock Disease first appeared on Latest India news, analysis and reports on IPA Newspack.

Investments for insurance companies are highly regulated and life insurers should be allowed more investment classes to enhance their liquidity, Life Insurance Corporation (LIC) of India Chairman Siddhartha Mohanty said. “For insurance companies, so far as investment is concerned, it is highly regulated. So, new asset classes should also be allowed, like sovereign gold bonds, […]

The post Insurance Investments Highly Regulated, Need To Allow More Asset Classes: LIC Chairman first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Bangladesh wants India to remove the anti-dumping duties on certain jute product imports. India extended these duties for a five-year period in January this year but New Delhi is not keen to do so, sources have said.. The neighbouring country is also trying to stop India from attempting to impose countervailing or anti-subsidy […]

The post Bangladesh Wants India To Remove Anti-Dumping Duties On Jute Products first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Capital markets regulator Sebi on Thursday tweaked the regulatory framework for Online Bond Platform Providers (OBPPs) to enhance the ease of doing business. This came after Sebi received representations from stock exchanges and market participants, including online bond platforms. “The proposed modifications shall aid in ease of doing business for OBPPs,” the Securities […]

The post SEBI Tweaks Framework For Online Bond Platform Providers first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Congress leader Rahul Gandhi is embarking on his second walkathon, ‘Bharat Nyay Yatra’, from Manipur in the north-east to Mumbai in western India, covering 14 states and 85 districts, beginning January 14. Rahul is undertaking this gruelling mission just after a year of the culmination of his first spirited walk, the Bharat […]

The post INDIA Bloc Must Be In Step With Rahul Gandhi’s ‘Nyay Yatra’ first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Priyanka Gandhi, a severe critic of Prime Minister Narendra Modi, is the latest political personality to be brought under the yoke of the Enforcement Directorate (ED) in a case of, what else, money laundering under the Prevention of Money Laundering Act (PMLA). It is for the judiciary to decide the legitimacy […]

The post Even Priyanka Gandhi Is Not Spared By Modi’s ED-Driven Witch-Hunt 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.

By Andrew Stoughton Javier Milei became Argentina’s president this month promising “shock therapy” to curb inflation and resolve the country’s foreign debt and currency reserve woes. Last Wednesday, the Argentine public got its first taste of what that therapy will look like. Declaring a state of economic emergency, the Milei administration issued a Decree of […]

The post Javier Milei A Disaster For Working Class Argentinians first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The global oil and gas industry is bracing for a year of significant changes in 2024, marked by a complex mix of supply concerns and economic pressures. In the past year, Brent crude, the international benchmark, experienced a notable decline from its summer highs. This trend was largely driven by an increase in […]

The post 2024 Forecasts A Tumultuous Journey For Global Oil And Gas 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.

NEW DELHI: India’s Mines Ministry has proposed a new set of rules for the auction of offshore mineral blocks. It is also in the process of identifying such mineral blocks, including those in exclusive economic zones beyond territorial waters. The draft rules, put up for public comments recently, has proposed that composite licences and production […]

The post Mines Ministry Unveils Draft Rules For Offshore Minerals Auction first appeared on Latest India news, analysis and reports on IPA Newspack.

Backed by government spending on infrastructure, building, and construction, domestic steel demand is expected to remain strong in 2024. Realisations in the domestic market are expected to remain strong, even though imports could remain elevated. Eports will remain stretched across key markets, beyond Europe, in view of the global slowdown in demand. Market sources peg […]

The post Strong Domestic Steel Demand Expected In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.