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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: The United Nations World Economic Situation and Prospects Report 2024 on Friday revised India’s gross domestic product (GDP) growth estimate for the 2024 calendar year to 6.2 per cent, compared to 6.7 per cent earlier. The report stated: “Economic growth in India is projected to remain strong at 6.2 per cent in 2024, […]

The post UN Report Revises India’s GDP Projection Downward To 6.2 Per Cent For 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: NHPC has inked an initial pact to invest Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur in Gujarat. Taking a step towards clean and green energy, NHPC signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation (GPCL) for investment in Kuppa Pumped Hydro Storage Project (750 […]

The post NHPC Pledges To Invest Rs 4,000 Crore In 750 MW Kuppa Hydro Storage Project first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Union government’s total expenditure on explicit subsidies – food, fertiliser and LPG – is likely to drop 28% to Rs 3.98 trillion in the current fiscal year, from Rs 5.49 trillion in FY23. This is due to the softening of global prices of soil nutrients and the termination of the extra grains […]

The post Explicit Budget Subsidies To Drop 28% To Rs 4 Trillion In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Krishna Jha Forensic investigations by Amnesty International’s Security Lab have come out with surprising revelations about continued and increasing use of Pegasus, a type of highly invasive spyware, developed by Israeli surveillance firm NSO Group. It has come amid an unprecedented crackdown by the Indian authorities on freedom of peaceful expression and assembly, which […]

The post Pegasus Spyware Is Again Being Used Against Indian Civil Rights Activists 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: The Supreme Court on Wednesday refused to order inquiries into Adani Group by a special investigation team (SIT) or the Central Bureau of Investigation (CBI) — a major relief to the business house — over US short-seller Hindenburg Research’s allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange […]

The post Supreme Court Backs SEBI Inquiry Into Adani, Rejects Any Other 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: The economic growth in Asia Pacific will remain strong in 2024 and GDP is expected to grow by about 5 per cent in India and a host of emerging market countries, Fitch Ratings said on Wednesday. In its report titled ‘APAC Cross-Sector Outlook 2024′, Fitch said the outlooks for the banking sectors in […]

The post Growth In Asia Pacific Emerging Markets To Remain Strong In 2024: Fitch first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s merchandise exports this financial year will touch last year’s levels despite shipments contracting 6.5% year-on-year in the first eight months and slowdown in global trade, Commerce and Industry Minister Piyush Goyal said Wednesday. “Globally growth has been negative, international trade is in the negative territory, estimates are that this year international trade […]

The post Goods Exports To Touch Last Year’s Level In FY24 Despite Global Slowdown: Goyal first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The airports at Hyderabad and Bengaluru have been ranked second and third among the top ten global airports in terms of operational performance and punctuality, according to a report released on Tuesday. In the 2023 On-Time Performance (OTP) Review prepared by aviation analytics firm Cirium, there are a total of three Indian airports […]

The post Hyderabad, Bengaluru Among Global Airports With Highest On Time Performance: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s Mines Ministry has upped the ante as it eyes securing supplies for critical minerals specially lithium and cobalt, among others. Beyond getting into global alliances and participating across select projects; discussions are currently underway with Lat-Am nations, like Argentina, Chile and Bolivia (also called global Lithium Triangle), and Australia for acquisition of […]

The post India Plans More Auctions To Boost Access To Critical Minerals In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Ministries of mines, steel and the department for promotion of industry and internal trade (DPIIT) will set up an internal mechanism to monitor the export of steel and aluminium products at concessional duties to the US, an official said. Indian exports of these products were earlier attracting additional duties in the US, as […]

The post Mechanism To Monitor Steel, Aluminium Products Export At Concessional Rates To US In The Making first appeared on Latest India news, analysis and reports on IPA Newspack.

Describing secularism as a foundational pillar of India’s democracy, Congress leader Sonia Gandhi said the word secular is being used as a “pejorative” by those now in power, resulting in increased polarisation in the society. “They say they are committed to ’democracy’, but at the same time, they weaken the safeguards meant to ensure its […]

The post Secularism has become pejorative for BJP, says Sonia Gandhi 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: India’s top oil and gas producer ONGC is seeking global technology partners to cut gas flaring and achieve zero methane emission by 2030 as part of its ambitious decarbonisation plan, its chairman Arun Kumar Singh said on Monday. Oil and Natural Gas Corporation (ONGC) has substantially cut gas flaring — burning of methane […]

The post ONGC Seeks Partners To Cut Gas Flaring, Zero Methane Emission By 2030 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products. The production of mobile phones, the poster boy of the country’s electronics manufacturing, is […]

The post Electronics Manufacturing Sector To Be Worth $115 Billion In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The world is finally recognizing India’s economic strength and its fast-growing market size. Going by the overall development trend, the economy is capable of growing close to 10 percent annually over the next several years. In 2023-24, the economy may reach a growth rate of seven percent. Both domestic and foreign investors […]

The post Surging Demand, Rising Investment Put India’s Economy On Top Gear 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 Girish Linganna The Indian defence manufacturing sector has advanced significantly, largely due to the government’s ‘Make in India’ policy and emphasis on self-sufficiency. But difficulties that can hinder development in 2024 need to be addressed. So like all significant nations, India has an Army, Navy and Air Force and these wings need among other […]

The post Growth Challenges For India’s Defence Manufacturing Sector 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.

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.