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NEW DELHI: The Centre is working to institutionalise global cultural initiatives and develop a modern system on the lines of similar events in Venice, London and Sao Paulo, Prime Minister Narendra Modi said on Friday while inaugurating the inaugural edition of the Indian Art, Architecture and Design Biennale from the ramparts of the iconic Red […]

The post Govt Working To Institutionalise Global Cultural Initiatives: PM Modi first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In a move to enhance security, integrity and privacy of financial sector data and bring transparency on fintechs in the country, the Reserve Bank of India (RBI) is set to establish a cloud facility and a repository for capturing information on fintech firms. The Indian Financial Technology and Allied Services (IFTAS), a wholly-owned subsidiary […]

The post RBI Plans Cloud For Financial Data, Repository For Fintech Information first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s economic growth can become faster if the much-awaited private capital formation kicks into higher gear, Chief Economic Advisor V Anantha Nageswaran said on Friday.Nageswaran said that post-COVID financial balance sheets of corporates have been positive.”For economic growth we need to have investment spending … India economic growth can become faster and accelerate if the […]

The post Private Investment Key To Sustaining High Economic Growth Rate: CEA Nageswaran first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Markets need to evolve more mechanisms to reward the States that are managing their fiscal responsibilities prudently, N K Singh, Chairman, 15th Finance Commission,  and President, Institute of Economic Growth, said. Today, the markets don’t really differentiate on the cost of borrowing between a profligate State and a prudent State. There is a […]

The post Markets Need To Find Mechanism To Reward Fiscally-Prudent States: NK Singh first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India continues to be the fastest-growing major economy, with all sectors contributing significantly, finance minister Nirmala Sitharaman said Thursday. She flagged India’s manufacturing growth, citing India’s mobile phone and passenger vehicle exports. “The second-quarter growth was very high — it is the highest in the world,” Sitharaman said, replying to a short-duration discussion […]

The post Economy Gaining From Manufacturing Boost: Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra The race has begun on who will be chosen as the I.N.D.I.A. bloc’s joint Prime Ministerial candidate. The JD(U) has repeated its demand to project Bihar Chief Minister Nitish Kumar as the PM face of the INDIA bloc against Prime Minister Narendra Modi in the 2024 Lok Sabha polls. Nitish has […]

The post Nitish, Mamata, Uddhav In Race For INDIA Bloc’s Pm Candidate Face first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has the potential to grow at 8 per cent as the country is labour-rich with enough institutional maturity of a functioning democracy, Niti Aayog vice chairman Suman Bery said on Thursday. Bery also cautioned that North India has not been doing well traditionally compared to South India, and this can create tensions […]

The post India A Labour Rich Country With Enough Institutional Maturity first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India is seen as a rising star among Asian peers, besides Indonesia and the Philippines, and is expected to be among the fastest growing economies in the region in 2024, Nomura said on Wednesday. India’s GDP, Numura believes, will expand at 5.7% in 2024. The projection reinforces the popular view of a pause in […]

The post India Will Be Among Fastest Growing Asian Economies In 2024: Nomura first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In a development that will deepen India’s local value addition in the mobile and electronics manufacturing chain, Apple has asked its suppliers to make batteries for its forthcoming iPhone 16 domestically. This is part of the company’s plans to shift its global supply chain out of China. According to a Financial Times report, […]

The post Apple Pushes For Indian Batteries; Move Part Of Shifting Out Of China first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELH: State-controlled Oil and Natural Gas Corporation (ONGC) plans to wheel green electricity to its installations in the Arabian Sea to replace natural gas it uses in operation of oil wells as part of its ambitious decarbonisation programme, its Chairman Arun Kumar Singh said. India’s top oil and gas producer has substantially cut gas […]

The post ONGC To Cut Gas Flaring, Use Green Power At Oil Wells: Chairman Arun Singh first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s renewable energy capacity addition is expected to grow by more than 33 per cent Y-o-Y to 20 gigawatts (GW) in FY24 ending March 2024, aided by a reduction in prices of solar photovoltaic (PV) cells and modules, in abeyance of the ALMM order, among other factors. Ratings agency ICRA expects India’s installed […]

The post Renewable Energy Capacity Expected To Grow 33 Per Cent To 20GW In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Hyperbole is one of the chief traits of Narendra Modi. For this reason his latest boast that BJP’s “hat-trick” of victories in Madhya Pradesh, Rajasthan, and Chhattisgarh “is a guarantee for a hat-trick in 2024” and that he would get a third consecutive term in power in next year’s Lok Sabha election, […]

The post RSS’s Tribal Connect Helped BJP Score Hat-Trick In 3 Heartland States first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy One of the most powerful global credit agencies, Moody’s, has downgraded China’s economic outlook to negative from stable. This has major implications for a country in the financial markets and as a reliable destination for global investors. Immediately, this change might not affect China’s investments or borrowings. But a downward revision of […]

The post Moody’s Downgrading China’s Economic Outlook Has Big Significance first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas In an ironic reversal of their assigned roles, regional Congress leaders are currently handling a scathing political attack on their party by the Bharatiya Janata Party (BJP) with greater confidence than their supposedly exalted High command Delhi-based leadership, post recent Assembly elections. Its recent drubbing in the five state Assembly elections, as […]

The post Regional Congress Leaders Defending The Poll Debacle In Their Own Ways first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: Fair Isaac, the US-based data and analytics company better known as FICO, on Tuesday launched its cloud-based platform in India. Indian banks like HDFC Bank, Axis Bank, and AU Small Finance Bank are among the early adopters set to elevate customer satisfaction and drive innovation in the banking sector. FICO Platform brings to market […]

The post US-Based Data Analytics Firm FICO Launches Its Cloud Platform In India first appeared on Latest India news, analysis and reports on IPA Newspack.

India and the UK have begun crunch-time talks to secure a landmark free-trade deal, as leaders on both sides seek to resolve outstanding issues before they face election battles next year. A UK team — including Amanda Brooks, director general for trade negotiations, and Douglas McNeill, chief economic adviser to the prime minister — is […]

The post India, UK Seek To Wrap Up Trade Negotiations Before Busy Election Year first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s service activity moderated to a one-year low in November, owing to a slowdown in new work orders and overall output, a private survey published Tuesday said. However, the print showed continued expansion in the broader economy that surprised on the upside in the second quarter. The seasonally adjusted S&P Global India Services […]

The post November Services Activity At 1-Year Low As New Orders & Output Shrink first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s overall unemployment rate in November fell to 9.16% from a 29-month high of 10.05% in October, on account of a decline in unemployment in rural areas amidst the rabi-sowing season, according to data from the Centre for Monitoring Indian Economy (CMIE). The rural unemployment rate eased to 9.05% in November from 10.82% […]

The post Unemployment Rate Falls In November As Farm Sector Boosts Rural Jobs first appeared on Latest India news, analysis and reports on IPA Newspack.

Renewable energy firm ReNew Energy Global Plc has inked an initial pact with the Asian Development Bank (ADB) for a funding of USD 5.3 billion.”The MoU was signed at COP28, Dubai by ReNew’s Founder, Chairman and CEO, Sumant Sinha and Suzanne Gaboury, Director General, Private Sector Operations Department, ADB,” a company statement said.According to the […]

The post ReNew Inks Initial Pact With Asian Development Bank For USD 5.3 Billion Funding first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s consumption of Liquefied Natural Gas (LNG) is expected to rise further in the coming months on the back of growing demand from the fertiliser and power industries, analysts say. Anticipated lower spot LNG prices will further add to this growth. “Our current forecast for December, January, and February averages at 76 MMcm/d, with an […]

The post LNG Consumption, Imports Seen Rising As Prices Ease first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dipankar Bhattacharya The outcome of the five Assembly elections held in November has proved almost all opinion polls and ground reports wrong. Even the few exit polls that predicted a thumping BJP victory in Madhya Pradesh gave the Congress a comfortable majority in neighbouring Chhattisgarh. The clean BJP sweep of Rajasthan, Madhya Pradesh and […]

The post Congress Has Performed Much Better In State Polls Compared To 2019 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty The first thing Prime Minister Narendra Modi did after cornering three states in the ‘Hindi heartland’ was to address Indian Navy personnel on Navy Day and proclaim that ranks in the Indian Navy will be renamed so that the ranks reflected Indian culture. The uniforms of sailors and officers of the Indian […]

The post Are The Uniforms Of Indian Navy Personnel Being Changed To Suit The BJP first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India’s corporate bond market is expected to more than double from Rs 43 trillion in Financial Year 2022-23 (FY23) to Rs 100-120 trillion by FY 2030, said a report by CRISIL Ratings on Monday. The market is expected to expand at a compound annual growth rate (CAGR) of 9 per cent over the years. […]

The post Corporate Bond Market Set To Double By FY2030 At Rs 100 Trillion: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

New Delhi: State-owned Coal India Limited (CIL) is set to boost its coal transportation network by completing several railway projects by 2025, aiming to increase its coal evacuation capacity in response to the country’s energy demand. Among the projects, the Tori-Shivpur New BG Double line, running 43.70 km, has been operational since December 2019 and […]

The post Coal India To Ramp Up Coal Transport Capacity With New Railway Lines By 2025 first appeared on Latest India news, analysis and reports on IPA Newspack.