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By Anjan Roy So much for the much vaunted solidarity in the free world. The liberal and democratic nations of western Europe and America had vowed they were all standing firmly behind the besieged Ukraine to defend the free world against alleged Russian autocracy. The wide-ranging sanctions against Russia are starting to bite the western […]

The post French President Macron’s Visit To China Divides Western Nations On Ukraine Issue first appeared on IPA Newspack.

By Anjan Roy The world has suddenly been pushed into a deeper crisis by a sudden decision of Saudi Arabia to cut oil production. Following the Saudi decision, the OPEC-plus members have also announced commensurate reduction in their oil production. Russia, Kuwait, UAE, Iraq, Algeria and Oman have also declared production cuts. The cuts will […]

The post Oil Producers Send The Global Economy In A Tizzy With Sudden Production Cut first appeared on IPA Newspack.

By Sushil Kutty Former United States President Donald Trump was to travel to New York from Florida following his indictment and the “charges in a sealed cover”. More than three years ago, Prime Minister Narendra Modi had famously said ‘Abki Baar Trump Sarkar’ which fell through notoriously and resulted in what is the infamous ‘January […]

The post Trump Has That Uncanny Power To Turn A Crisis Into A Big Opportunity first appeared on IPA Newspack.

By K Raveendran With the US Federal Reserve set to continue raising interest rates to combat record inflation rates, the highest in 40 years, there are calls that the Reserve Bank of India deviate from its traditional policy of mirroring the US interest rate hikes. The RBI has effected six consecutive rate hikes despite an […]

The post It May Be Time For RBI To Decouple From Policies Set By U.S. Federal Reserve first appeared on IPA Newspack.

By K R Sudhaman Global debt and recession are two major challenges afflicting many parts of the World, particularly the global south. India, which heads G 20 this year, has a great responsibility to work with member countries to find a solution to these problems. In this connection, India’s G20 Sherpa Amitabh Kant is right […]

The post Global South Is Looking To India To Find Ways To Deal With Debt Crisis first appeared on IPA Newspack.

By Dr. Soma Marla Recent collapse of Silicon Valley Bank (SVB) has further led to the fall of Signature bank, Credit Suisse and now a major European German Credit Douche bank. This banking crisis has resulted from US Treasury’s recent interest rate hike. Cracks are appearing in US banking system amidst fears of a possible […]

The post Latest Collapse Of US And European Banks Is A Part Of Continuing Crisis Of Capitalism first appeared on IPA Newspack.

By K Raveendran It is increasingly becoming clear that the crisis in global banking has not played out even a small part. While the immediate fallouts leading to bankruptcies and similar consequences appear to have been contained somewhat, fears are lingering. The prospects of a recession in the global economy stand more pronounced than before. […]

The post Global Banking Crisis To Further Hit India’s Problematic Tech Job Situation first appeared on IPA Newspack.

By Dr. Gyan Pathak From April 1, 2023, the existential crisis for poor patients is further going to worsen on account of 12.12 per cent rise in prices of essential drugs, which was also increase by 10.76 per cent from April 1, 2022. The price difference in 12 months has thus turned to be 24.18 […]

The post Hike In Prices Of Essential Drugs From April 1 Is A Big Blow To Poor Patients first appeared on IPA Newspack.

By Dr. Gyan Pathak The contemporary Indian narrative of the times of Prime Minister Narendra Modi is full of confusing signals for the common men. On the one hand PM Narendra Modi and his government in all their appearance has been trying to be truthful, doing justice, and virtuous, while on the other the opposition […]

The post A Contemporary Indian Narrative Of The Times Of Narendra Modi first appeared on IPA Newspack.

By Dr. Nilanjan Banik And the story goes on like this. There is this bank named Silicon Valley Bank (SVB) that lent money to the tech industries, and the start-ups primarily in the tech domain. During 10th March 2023, the news broke that this bank collapsed and did not have enough funds to pay back […]

The post What Exactly Went Wrong Leading To Collapse Of Silicon Valley Bank? first appeared on IPA Newspack.

By Anjan Roy Now that the Federal Reserve, European Central Bank and Bank of England have all raised their policy interest rates to fight inflation, there might be further flutters in the financial sector and several other banks might be nervous about the future. However, the central bankers have flatly stated that their primary responsibility […]

The post Indian Economy Is Still In A Position To Insulate Itself From Global Turmoil first appeared on IPA Newspack.

By Nitya Chakraborty The petition moved jointly by 14 leading opposition parties to the Supreme Court seeking its intervention in the ‘misuse’ of central investigation agencies by the Narendra Modi government against the leaders of the non-BJP parties, has big political significance in the present phase of political turmoil in the country. The immediate provocation […]

The post Opposition Petition To Supreme Court Forms The Core Of Political Campaigning Against BJP first appeared on IPA Newspack.

By Dr. Gyan Pathak Kisan Mahapanchayat, the Grand Assembly of the Farmers held on March 20 in Delhi, has signalled a bigger farmers’ movement on the cards. It was held after about four months of their beginning the second leg of farmers’ movement on November 26, 2022, when farmers marched to submit memorandums to governors […]

The post Kisan Mahapanchayat Signals Bigger Farmers Movement first appeared on IPA Newspack.

By K Raveendran Gold is within striking distance of $2,000 per ounce in the international market and seems set to revisit its historical high, which was $2067 in August 2020.  The latest price is around $1962 and is showing no signs of any immediate correction. In India, the precious metal has already touched a lifetime […]

The post Gold Near $2,000 And Fast Approaching Its Life-Time High Amid US, Swiss Banking Crisis first appeared on IPA Newspack.

By James M Dorsey Chinese mediation between Saudi Arabia and Iran potentially signals paradigm shifts in Middle Eastern diplomacy and alliances. The mediation suggests a more productive approach than that of the United States by seeking to manage rather than resolve conflicts based on principles enunciated by China in 2021. The successful mediation between the […]

The post Saudi, Iran Détente Sparks Potential Paradigm Shifts In Middle East Politics first appeared on IPA Newspack.

By Dr. Gyan Pathak Key workers are essential for societies to function, but India has been repeatedly pointed out by international reports as a county that does not care for its key workers as in the case of ASHAs, or even does not recognize as the key workers as in the case of waste pickers, […]

The post Plight Of India’s ASHA Workers Portrayed In ILO’s WESO 2023 first appeared on IPA Newspack.

By Arun Kumar India’s per capita income, representing the average income of an Indian citizen, has risen from INR 79,000 in 2013–14 to INR 1,71,000 in 2022–23 — an increase of 116 percent. Therefore, some claim that incomes have more than doubled in India since the present ruling dispensation took office. The catch is that: […]

The post Indian Economy Is Showing Rising National Income With Decline In Social Welfare Of People first appeared on IPA Newspack.

By Arun Srivastava Narendra Modi, known for his histrionics, trying to equal the record of Jawaharlal Nehru, by becoming the prime minister for the three successive terms, simply by reactivating the dormant Sangh sympathisers and modules to ensure his victory During his never die campaign in Karnataka, during the last two months, Modi visited the […]

The post Battle For Karnataka: BJP’s Struggle For Survival Amid Infighting first appeared on IPA Newspack.

By K Raveendran A question to ChatGPT whether a Silicon Valley Bank-type bank failure could happen in India produced a very reassuring answer. While noting that any bank, including SVB type bank, can fail due to various reasons such as mismanagement, fraud, economic turmoil, etc, ChatGPT believes the Reserve Bank of India (RBI) will ensure […]

The post ChatGPT Response To U.S. Bank Failures Discounts Impact On Indian Banks first appeared on IPA Newspack.

By Dr. Gyan Pathak The National Capital Territory of Delhi is in the first leg of a colossal water crisis, almost a month earlier than the time it had hit last year, thanks to the unprecedented rise in temperatures in the country in February that broke all records kept since 1901. Water supply has been […]

The post National Capital Heading Towards A Severe Water Crisis first appeared on IPA Newspack.

By Anjan Roy A prominent private bank in the United States — the country’s sixteenth largest— has failed and this can have significant impact on the Indian technology industry. Silicon Valley Bank —better known by its acronym SVB— has gone into liquidation. This was one of the 20 largest banks in the USA and its […]

The post Silicon Valley Bank Collapse Sends Chills Down Indian Tech Sector first appeared on IPA Newspack.