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MUMBAI: The Reserve Bank of India’s (RBI) monetary policy action may be credited for reducing core Consumer Price Index (CPI) inflation in the recent months, but a sub-4% core print also denotes weak demand conditions in the country at an aggregate level, say economists. Curiously, this is also a bit at odds with the RBI’s […]

The post Sub-4 Per Cent Core Inflation Betrays Weak Demand Conditions first appeared on Latest India news, analysis and reports on IPA Newspack.

By Devasis Chattopadhyay On 22 January 2024, India will change forever. It’s a misstep we may never recover from, a change triggered by a temple. In our country, regardless of religion, we consecrate shrines all the time. In a multi-faith and primarily agrarian society, home to 140 crore population, places of worship possess a wonderful […]

The post I Am Sad I Will Not Find My Childhood Ramchandra In The New Ayodhya Temple first appeared on Latest India news, analysis and reports on IPA Newspack.

By C.J. Atkins The strongest weapon the ruling class possesses is its control of the press—its domination of the sources through which people get their information. A hundred years ago, a group of radical workers and Marxist writers launched a publication in the United States of America they hoped would break the monopoly that bosses […]

The post US Communist Party Daily People’s World Has Completed 100 Years first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Shipping rates have already gone up by more than three times in a week after the January 9 attack by Houthis on the Red Sea. But supply chain professionals are warning that the rates are going to further shoot up in the coming weeks. This is bad news for India’s export-import trade, […]

The post No Relief For Export-Import Trade As Shipping Costs Expected To Further Shoot Up first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and the US are working on a collaboration mechanism to jointly develop technologies to process critical minerals. If the deal goes through, it will be in addition to the US-led Minerals Security Partnership (MSP), a grouping of 14 nations including the European Union. India and the US have held the first round […]

The post India, US Working On Tech To Process Critical Minerals first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is expected to clock a GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), […]

The post India Likely To Register 6.9-7.2% GDP Growth In FY24, Says Deloitte first appeared on Latest India news, analysis and reports on IPA Newspack.

Senior Congress leader Veerappa Moily was rather evasive when asked if he will attend the Ayodhya consecration event. Moily told News18 that there is no restriction imposed on him, and that the Congress high command has permitted those who want to attend the event on January 22. He said the consecration ceremony is being “politicised” under […]

The post Moily: No restriction on anyone to go to Ayodhya; Ram belongs to all first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The monetary policy committee (MPC) is expected to keep rates unchanged for the remainder of this fiscal amid weak agricultural output and tight global food supplies posing upside risks to inflation, and global market volatility, according to a Crisil Market Intelligence and Analytics report. A rate cut is expected only in the first quarter […]

The post Rate Cut Expected Only In First Quarter Of Next Fiscal: CRISIL first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy After fiddling with the Indian economy for years, Raghuram Rajan, former governor of Reserve Bank of India, finds himself in a kind of Hamlet moment. Rajan had observed that India would be lucky to reach a 5% growth rate during the current fiscal year. He was heaped with criticism for his pessimism […]

The post Indian Economy Has Shown Its Own Strengths Through High Growth In 2023-24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Several restrictions imposed on rice exports to improve domestic supplies have adversely impacted India’s farm exports in the first eight months of current fiscal. However, shipments of Basmati rice (18%), buffalo meat (13%) and fresh fruits and vegetables (20%) have grown significantly even amid the general slump in shipments. Exports of agricultural items […]

The post Many Bright Spots Amid Slowdown In Farm Exports first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: State-controlled Oil and Natural Gas Corporation (ONGC) has started oil production from its much-delayed flagship deep-sea project in Krishna Godavari basin in Bay of Bengal, helping reverse years of decline in output, the company said. ONGC has started producing from the Cluster-2 project in KG-DWN-98/2 block and will slowly ramp up output. Oil […]

The post ONGC Starts Oil Production From Delayed $5 Billion Deep-Water Project first appeared on Latest India news, analysis and reports on IPA Newspack.

By Stu Becker The World and Africa: An Inquiry into the Part Which Africa Has Played in World History by the legendary American communist historian W.E.B. DuBois argues that Africa’s great contributions to world civilization have been erased and ignored. DuBois argues that this is because of the transatlantic slave trade, which enslaved millions of […]

The post Legendary American Historian W.E.B. DuBoi’s Book ’The World And Africa’ Is Pathbreaking first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: As India and the four-member European Union Free Trade Association (EFTA) enter the final rounds of negotiations on a free trade agreement (FTA), the decision of Switzerland to bring down its import tariffs on industrial goods to zero has limited the gains that can be derived from the deal for New Delhi. Switzerland […]

The post Little Gains From FTA With EFTA After Swiss Move To Scrap Tariffs first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India Inc’s earnings for the December 2023 quarter are expected to show strong growth on the back of good numbers from auto manufacturers, banks, capital goods makers, cement producers and residential real estate developers. In aggregate, companies are likely to report a high single-digit increase in profits when seen year-on-year, though the rise […]

The post India Inc May Report Good Numbers In Q3 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government’s dividend collection from non-financial central public sector enterprises (CPSEs) and other investments in this financial year could amount to about ₹55,000 crore, more than a quarter higher than the budgetary target of ₹43,000 crore, said a senior official. However, the Centre could reduce its combined disinvestment and dividend (from non-financial CPSEs) […]

The post Centre May Rake In Rs 55,000 Crore In Dividends From Key CPSEs first appeared on Latest India news, analysis and reports on IPA Newspack.

By Zoya Teirstein A 16-month-old boy was playing in a splash pad at a country club in Little Rock, Arkansas, this summer when water containing a very rare and deadly brain-eating amoeba went up his nose. He died a few days later in the hospital. The toddler wasn’t the first person in the United States […]

The post Global Warming Linked To A Spate Of Rare Disease Outbreaks In 2023 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.

NEW DELHI: The Centre on Wednesday cancelled the disinvestment plans of the Salem Steel Plant, the stainless steel making unit of the Steel Authority of India Ltd (SAIL), citing lack of interest from bidders. According to a statement from the Ministry of Finance, multiple EoIs had been received and bidders were shortlisted. However, due to […]

The post Govt Scraps Privatisation Of SAIL’s Salem Steel Plant first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: From Hindustan Unilever to ICICI Bank, HDFC Bank and Eicher Motors, almost all the big names of India Inc and thousands, if not lakhs, of smaller GST taxpayers have received tax demand on the eve of new year as authorities sought to meet the five-year deadline to raise claims, literally burning the midnight […]

The post GST Department Goes On Tax Demand Overdrive first appeared on Latest India news, analysis and reports on IPA Newspack.