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NEW DELHI: Finance minister Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations. In her inaugural speech at the Kautilya Economic Conclave 2023 in the […]

The post Looking To Cut Debt Burden: FM first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das said interest rates will stay high, without offering any indication of when softening could start. Monetary policy must remain “actively disinflationary” to ensure the decline in retail inflation in recent months continues smoothly, Das said. “Interest rates will remain high. How long they will remain […]

The post Interest Rates Will Stay High For Now: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and another senior person at a state-owned oil […]

The post India Pushes Back Against Russia’s Demands To Pay For Oil Imports In Yuan first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran With signs of a wider conflict in the Middle East becoming stronger by the day, oil market analysts are keeping their fingers crossed over how the evolving scenario is going to shape the future of oil as well as the global economy. As Israel pushes ahead with its Gaza action, bombing more […]

The post Threat Of A Wider Conflict Keeps Oil Market Analysts In A Discomforting Guessing Game first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nilanjan Banik Joseph Campbell, author of “The Hero with a Thousand Faces” and scholar on comparative religions, once recounted a Japanese story. A samurai hunted down his master’s killer and was about to decapitate him when the assassin spat in the samurai’s face. The enraged samurai immediately returned his sword to the sheath and […]

The post Hamas-Israel War, If Not Contained, Has Potential To Damage Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak The decision of increasing minimum wages of unskilled, semi-skilled, and skilled workers in the National Capital Territory of Delhi followed by strong criticism by Workers Unions have brought the issue of unprecedented suffering of unorganized workers again in focus. Aam Aadmi Party (AAP) led Delhi government has decided to increase the […]

The post Unorganised Workers In Need Of Urgent Protection first appeared on Latest India news, analysis and reports on IPA Newspack.

Last weekend, more than 20,000 Mumbai residents gathered at the Sardar Vallabhbhai Patel stadium over three days to attend an event, which was so popular that the police had to erect barricades to prevent more fans from getting in. This wasn’t a concert featuring Bollywood stars or a stand-up gig. Instead, it was a first […]

The post Online Gaming Companies, Brands Target Offline Streaming In India first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI’s) ‘State of the Economy’ report has flagged the US dollar’s continued strengthening as a global risk. This will further tighten financial conditions, according to the report, despite India adding more to its foreign exchange (forex) reserves than any other major country holding forex reserves. “Even as energy importers […]

The post Strengthening US Dollar Is A Global Risk: RBI Paper first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATACHENNAIMUMBAI: “Lady candidates need not apply.” So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard […]

The post Number Of Women In Blue-Collar Jobs Increasing Across Manufacturing Sector first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government on Thursday sought to allay the concerns over the decision to put imports of certain computer hardware in restricted category, with mandatory licensing, by coming up with a liberal authorisation process. In what would provide relief to the importers, which include the likes of Apple, Dell, HP and Samsung, the new […]

The post No Caps Or Country-Specific Curbs Under New Laptop Import Policy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India, on Thursday, launched a new online system of authorisation for import of laptops, tablets, and personal computers, aiming to monitor shipments of such hardware without hurting supply. The restriction-free system comes two months after the announcement of a licensing regime for these products. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi […]

The post Centre Clicks Enter For Online Nod To IT Hardware Imports first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra For Bihar chief minister Nitish Kumar and RJD Chief Lalu Prasad Yadav, the prime supporters of the caste survey in the state, the result has been a strengthening of the ruling Mahagathbandhan’s social support base among Other Backward Classes (OBCs), Economically Backward Classes (EBCs) and Dalits, fulfilling a significant promise to […]

The post Post Caste Census, JD(U)-RJD Further Consolidate Support Base first appeared on Latest India news, analysis and reports on IPA Newspack.

The Congress on Thursday slammed YouTube India for adding a warning tagline to a video of Rahul Gandhi and Priyanka Gandhi Vadra’s speeches in Telangana, alleging that the social media platform is playing into the hands of the ruling dispensation. The criticism came after YouTube India put a “viewer discretion” caution on the video on […]

The post Cong slams ‘suicide topics’ tag for Rahul, Priyanka video first appeared on Latest India news, analysis and reports on IPA Newspack.

The share of Russian oil in India’s overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow’s position as the top supplier as refiners curbed purchase from the Middle East, industry data showed. India, the world’s third largest oil importer and consumer, has emerged as the top buyer of the […]

The post Russia Makes Up 40% Of Indian Oil Imports, Dents OPEC’s Share first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Deloitte India on Wednesday said it expects GDP growth in the current fiscal to be in the range of 6.5-6.8 per cent primarily due to upcoming festive spending as well as higher government expenditure before the national elections mid-next year. In its India economic outlook report, released earlier this month, Deloitte said India […]

The post GDP To Grow At 6.5-6.8% In FY24; Festive, Govt Spends Key Drivers: Deloitte first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and the United Kingdom (UK) are unlikely to ink the much-anticipated trade deal by the end of October as differences are yet to be ironed out, it is learnt. A top official aware of the development told Business Standard Wednesday late evening that although negotiations are on in full swing, a timeline […]

The post India, UK Free Trade Deal Unlikely To Finalise By Month End first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and China are projected to jointly contribute about half of the world’s growth in both 2023 and 2024, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook (Asia and Pacific) report. India’s economy is projected to grow at 6.3% in FY24 and FY25 – the fastest among the major […]

The post India-China To Contribute Half Of World’s Growth In 2023, 2024: IMF first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty The Israel-Hamas war is nearly two weeks old. The highlight was a rocket striking a hospital parking lot which killed 500. The tally was later corrected to 471. US President Joe Biden said he was happy that the “other team” was to blame and not Israel as alleged by Hamas and Iran. […]

The post USA And The Other Western Nations Are Not Bothered About Cessation Of War first appeared on Latest India news, analysis and reports on IPA Newspack.

Slamming Sharad Pawar for supporting Palestine in conflict with Israel, Assam Chief Minister Himanta Biswa Sarma on Wednesday said he thinks the Nationalist Congress Party (NCP) chief will send his daughter and Lok Sabha MP Supriya Sule to Gaza to fight for Palestine-based terror group Hamas. Asked about Pawar’s reported criticism of the government for […]

The post BJP taunts Sharad Pawar over support to Hamas first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU/CHENNAI (Reuters) – Nestle India (NEST.NS) on Thursday reported quarterly earnings above estimates on higher demand for its chocolates and Maggi instant noodles and also said its board approved a stock split. Profit increased to 9.08 billion rupees ($109.06 million) for the third quarter ended Sept. 30 from 6.61 billion rupees a year earlier, the […]

The post Nestle’s India Business Beats View On Price Hikes, Strong Domestic Demand first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Extreme poverty in India declined by 38 million in 2021 to 167.49 million after a surge in the two preceding years, but remained above the 2018 level, the latest World Bank data shows. While for most countries poverty rose in 2020, when the Covid-19 pandemic hit the global economy, the data shows poverty […]

The post Poverty In India Eased In 2021, But Was Above 2018 Level: World Bank Data first appeared on Latest India news, analysis and reports on IPA Newspack.

The government may ask laptop, server and other IT hardware importers to provide an international certification attesting that their product is from a trusted source before allowing a licence-free import of it, people in the know of the matter told ET. This certification, one of the people said, could be from an international organisation. This […]

The post IT Hardware Importers May Require Global Certification first appeared on Latest India news, analysis and reports on IPA Newspack.