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NEW DELHI: The plans to increase buoyancy in tax collections, widening the tax base and increasing the compliance by taxpayers seem to have been aided by the new income tax (IT) regime in the current financial year. However, experts feel a few more tweaks in the tax rates in the forthcoming interim Budget could make […]

The post More Than 60 Per Cent Of Taxpayers Adopt New I-T Regime first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The share of the private sector in new investment projects rose amid a slowing pace of government investments in the December quarter. But the value of new investment projects declined sharply by 78% on year to Rupees 2.1 trillion. The Centre front-loaded its budget capex in the early part of the current financial […]

The post New Capex Announcements Plunge 77 Per Cent To Rupees 1.9 Trillion In December Quarter first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) stood at Rs 43,843 crore as of January 1, crossing the 2023-24 budget estimate (BE) of Rs 43,000 crore, giving further comfort on the fiscal front. The dividend receipts of Rs 39,086 crore so far in FY24 were 26% higher than the […]

The post Centre’s Dividends From CPSEs Exceed FY24 Budget Target first appeared on Latest India news, analysis and reports on IPA Newspack.

Coal India Ltd (CIL) has lined up massive plans to ramp up its mining capacity, while also roping in the private players in a big way as mine development operators (MDOs). The state-run miner, which reported elevated capex consistently over the last several years, will keep the pace in the coming years as well, with […]

The post Coal Production Target For FY25 Is Set At 850 MT: CIL CMD first appeared on Latest India news, analysis and reports on IPA Newspack.

With the Central Bureau of Investigation serving notice to Kerala-based Jaihind Communications Pvt Ltd channel headed by him, Karnataka Deputy Chief Minister D K Shivakumar on Monday alleged that a big conspiracy is going on to finish him politically. The central agency issued a notice to the firm on Sunday seeking details of the investments […]

The post DK alleges conspiracy to finish him politically 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.

The CBI has issued a notice to Kerala-based Jaihind channel seeking details of the investments made in the channel by Karnataka Deputy Chief Minister DK Shivakumar in connection with a disproportionate assets case against the Congress leader, officials said Sunday. The Bengaluru unit of the agency, which is probing the case against Shivakumar, had asked […]

The post CBI notice to pro-Cong channel over DK Shivakumar investments 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 P. Sreekumaran THIRUVANANTHAPURAM: The central investigating agency, the enforcement Directorate (ED), which is on a rampage against the Pinarayi Vijayan-led Left Democratic Front (LDF) Government in Kerala, suffered a highly embarrassing double defeat in the Kerala High Court. In the latest rebuff to the ED, the Kerala High Court stayed the fresh summons issued […]

The post Enforcement Directorate Suffers Twin Setbacks In Kerala 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.

By Anjan Roy Economic forecasting is always hazardous. It is more so in the current scenario. There are always any number of uncertainties about the future. But currently these are multifarious. No one really knows, including the dramatis personae, what will happen in the next week, let alone in course of the coming year. Take […]

The post New Year 2024 May Witness Far More Turmoil In Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Despite heavy odds and global crises, India showed remarkable resilience to keep inflation under control, Prime Minister Narendra Modi has said, exuding confidence that the BJP was a “natural choice” for the people and will form a majority government for a third time in a row in 2024. In an interview with newsmagazine […]

The post India On Road To Becoming Developed Country By 2047, Says PM Modi first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is election year for the Indian economy and the footnote to the robust economic performance would pinpoint the risks of freebies and subsidy politics impacting growth. The pressures are expected to pinch hard from mid-year onwards as the drivers of growth would shift gears down by at least a couple of […]

The post India Set To Clock Highest Growth Rate In 2024 Among Major Economies first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Biotechnology company Indian Immunologicals (IIL), under the National Dairy Development Board (NDDB), on Thursday announced the start of the construction of its new vaccine manufacturing plant at Genome Valley, Hyderabad. The company is investing around Rs 700 crore in this facility. Equipped with a BSL3 (biosafety level) facility for drug substance production and a […]

The post IIL Invests Rs 700 Crore In New Vaccine Plant To Combat Livestock Disease first appeared on Latest India news, analysis and reports on IPA Newspack.

Investments for insurance companies are highly regulated and life insurers should be allowed more investment classes to enhance their liquidity, Life Insurance Corporation (LIC) of India Chairman Siddhartha Mohanty said. “For insurance companies, so far as investment is concerned, it is highly regulated. So, new asset classes should also be allowed, like sovereign gold bonds, […]

The post Insurance Investments Highly Regulated, Need To Allow More Asset Classes: LIC Chairman first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Capital markets regulator Sebi on Thursday tweaked the regulatory framework for Online Bond Platform Providers (OBPPs) to enhance the ease of doing business. This came after Sebi received representations from stock exchanges and market participants, including online bond platforms. “The proposed modifications shall aid in ease of doing business for OBPPs,” the Securities […]

The post SEBI Tweaks Framework For Online Bond Platform Providers first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The global oil and gas industry is bracing for a year of significant changes in 2024, marked by a complex mix of supply concerns and economic pressures. In the past year, Brent crude, the international benchmark, experienced a notable decline from its summer highs. This trend was largely driven by an increase in […]

The post 2024 Forecasts A Tumultuous Journey For Global Oil And Gas first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna India and the UAE recently completed their first transaction in rupees for crude oil from the Emirates. A major shift in how global trade is conducted, typically done in dollars, this step is a significant boost to the growing trade between India and the UAE, which is likely to surpass the $100 […]

The post India-UAE Embrace The Rupee In Oil Transactions first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Kumar Shrivastav MicroStrategy’s unwavering commitment to Bitcoin, evident in its recent $615 million purchase and overall holdings of $5.9 billion, has ignited a fiery debate. While supporters applaud CEO Michael Saylor’s visionary leadership, critics like Peter Schiff paint a picture of reckless obsession. MicroStrategy’s Bitcoin obsession is a complex phenomenon driven by a […]

The post Bitcoin Obsession: Conviction Or Recklessness? first appeared on Latest India news, analysis and reports on IPA Newspack.