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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.

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.

NEW DELHI: Former Railway Board Chief Anil Kumar Lahoti has been appointed as the chairman of the Telecom Regulatory Authority of India (TRAI). The top position at TRAI fell vacant after the tenure of former chairman PD Vaghela ended about four months back. “The Appointments Committee of the Cabinet has approved the appointment of Anil […]

The post Former Railway Board Chief Anil Lahoti Appointed TRAI Chairman first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has sought investment commitments from Switzerland under the proposed free trade agreement with the four-nation EFTA bloc, a top government official said on Tuesday. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The official also said negotiations for the pact are at an advanced stage and both […]

The post India Seeks Investments From Switzerland first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The International Monetary Fund (IMF) on Tuesday raised India’s growth forecast for FY25 to 6.5%, from 6.3% projected earlier, saying domestic demand resilience will help carry forward growth momentum, while lifting its global economic outlook as well. “Growth in India is projected to remain strong at 6.5% in 2024 and 2025, with an […]

The post IMF Sees Higher India Growth Of 6.5 Per Cent Next Fiscal first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Listed private sector banks reported a 23.8 per cent year-on-year (YoY) growth in net profit at Rs 43,543 crore in the third quarter of Financial Year 2023-24 (Q3 FY24) on, gaining from high credit offtake and fall in costs. Sequentially, however, profits sharply moderated with just 1.8 per cent growth compared to Q2 FY24 […]

The post Private Banks’ Profit Jumps 24% On High Offtake, Lower Credit Cost first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s import of crude oil reached a multi-year high of 4.9 million barrels a day in January and increased 13% from December 2023, according to data from energy cargo tracker Vortexa. Indian refiners cumulatively had imported 4.3 million barrels a day in December. The country imported 1.20 million barrels a day of Russian […]

The post Iraq Oil Supplies To India Surge first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Adani Green Energy Ltd (AGEL) on Monday said it has completed the funding for redemption of its USD 750 million bonds, eight months ahead of their maturity. The Adani Group company had raised USD 750 million through the issuance of NCDs (non-convertible debentures) which will mature in September this year. On January 8, […]

The post Adani Green Energy Completes Funding For $750 Million Bonds Ahead Of Maturity first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Indian economy is likely to achieve a growth rate of 7% in fiscal year 2025 after growing at or above 7% in 2023-24, driven by resilient domestic demand despite risks and uncertainties in the global economic landscape, according to a review of the economy unveiled on Monday. It also said India can […]

The post India Can Aspire To Be $7 Trillion Economy By 2030: Review first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s natural gas demand is expected to rise by 6 per cent in 2024 with a rise in consumption in fertiliser units, power generation and industrial sectors, according to the International Energy Agency (IEA). Following the 7 per cent year-on-year decline observed in 2022, India’s primary gas supply rose by 5 per cent […]

The post India Gas Demand To Rise 6 Per Cent In 2024: IEA first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The growing Chinese People’s Liberation Army-Navy action agenda sending so-called research vessels to ports in Bangladesh, Myanmar, Sri Lanka, Pakistan and now the Maldives poses a major maritime threat to India and its littoral region. The PLA-Navy’s tie-ups with India’s neighbouring countries are all bilateral. The government of India may be upset […]

The post Indian Navy Needs Big Expansion To Face Off Chinese Maritime Hostility first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Inside Rajbhawan in Patna, the three storied building in Palladian form built by the New Zealand architect, has been witness to the crude form of intrigue during last four days. While Nitish Kumar was taking oath of chief minister for ninth time in succession, outside the palatial structure, just beneath the statute […]

The post After JD(U) Exit, INDIA Bloc Has To Adapt A Fresh Strategy To Take On BJP In Bihar first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and equipment under the New Holland brand, […]

The post CNH Plans To Invest Up To $50 Million In India first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space.  The Union government is all set to present the interim Budget on February 1. “We expect capex on […]

The post Auto Firms Seek Continued Push To Green Mobility, Infra Development first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has identified electronics, engineering goods, textiles, marine & agriculture, toys and pharmaceuticals as the six sectors that could help the country achieve almost 70% of its $1-trillion goods export target by FY30. As per a study by the commerce and industry ministry, these sectors could clock around $670 billion of exports by […]

The post Electronics, Engineering Goods Among Six Focus Sectors For $1 Trillion Exports Target first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The deterioration in recent weeks of the security situation in the Red Sea, where Yemen-based Houthi militia in support of Palestine have disrupted global trade by launching drone and missile attacks on vessels, is posing a geopolitical risk to LNG prices. It has now been more two months since the first attack […]

The post Deterioration In Red Sea Situation Threatens LNG Trade Flows, Drags Prices Down first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna As a fallout of French President Emmanuel Macron’s visit to India as the Chief Guest at the country’s 75th Republic Day celebrations on January 26 this year, India and France have agreed to bolster their collaboration in the defence and aerospace sectors, finalizing the Indo-French defence industrial roadmap and many other equally […]

The post Macron-Modi Talks Give A Big Boost To High Tech Collaboration In Defence, Space first appeared on Latest India news, analysis and reports on IPA Newspack.

By Annie Domini The much-awaited order from the International Court of Justice (ICJ) at The Hague in the case of genocide by the State of Israel against the Palestinian people in the Gaza Strip, brought before the world court by the Republic of South Africa, came out on 26 January 2024 and it’s crystal clear: […]

The post World Court Tells Israel To Stop Its Genocide Of Palestinians first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Oil regulator PNGRB has launched a two-month long nationwide drive to increase adoption of piped natural gas as a cooking fuel in household kitchens in an attempt to cut dependence on imported fossil-fuels. “The Petroleum and Natural Gas Regulatory Board (PNGRB) along with city gas distribution entities will run a campaign from January […]

The post Oil Regulator Launches Drive To Increase Piped Gas Adoption first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Tata group and European aerospace company Airbus have signed an agreement to manufacture H125 civilian helicopters together in India. This announcement came as India and France adopted a joint defence production road map and an agreement on defence space partnership, following talks between Prime Minister Narendra Modi and French President Emmanuel Macron. […]

The post India, France Adopt Joint Defence Production Road Map 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.

By Devasis Chattopadhyay India celebrates her 75th Republic Day. Different states and Union Territories are marking this special day with celebrations. Like all previous Republic Days, on New Delhi’s Kartavya Path (erstwhile Rajpath), this year too, a group of finest horsemen attired in exquisite red coats, elegant golden sashes, and magnificent turbans would accompany our […]

The post President’s Body Guard, The Elite Horsemen Carry A 250 Year Old Legacy first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas West Bengal chief minister and Trinamool Congress supremo Ms. Mamata Banerjee has just publicly rejected an alliance with the state Congress for the 2024 Lok Sabha polls, but in truth, the Trinamool Congress (TMC) had decided to shake up the still evolving opposition I.N.D.I.A anti-BJP coalition some days ago. There had been […]

The post Mamata’s Announcement Of TMC Going Solo In Bengal Can Be A Part Of Pressure Tactics first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre on Wednesday announced re-bidding for the 10 Gigawatt hour (Gwh) tranche of the total 20 GWh capacity under the production-linked incentive (PLI) scheme for the advanced chemistry cell (ACC) battery storage. A budgetary outlay of Rs 3,620 crore has been earmarked as the incentive against setting up this battery manufacturing capacity […]

The post Centre Begins Re-Auction For 10 GWh Tranche Of Acc Battery PLI Scheme first appeared on Latest India news, analysis and reports on IPA Newspack.