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NEW DELHI: India has settled international trade worth over $2.5 billion in rupee after the Reserve Bank of India (RBI) facilitated this in July last year, according to a senior official. Much of the trade settlement in rupee has been with Russia, Sri Lanka and three-four other countries, he said. Though this shows a pick-up […]

The post Rupee Trade Worth $2.5-Billion Since July 2022 RBI Move first appeared on Latest India news, analysis and reports on IPA Newspack.

By James M Dorsey Israel will likely win the Gaza war on the battlefield. Even so, it has already been defeated in the court of public opinion. It no longer really matters who attacked Gaza’s Al Ahli Arab Hospital in which hundreds of innocent civilians were killed or the Greek Orthodox Saint Porphyrius Church in […]

The post Israel May Win Gaza War, But It Has Already Lost The Battle For Public Opinion first appeared on Latest India news, analysis and reports on IPA Newspack.

By C.J. Atkins WASHINGTON—Playing the part of classic Cold Warrior in his Thursday night Oval Office speech, President Joe Biden made a sales pitch for a permanent war economy, using democracy as a prop to convince the American people that he needed $105 billion to spend on weapons for Israel, Ukraine, and—unmentioned in his remarks—Taiwan. […]

The post Biden’s Israel-Ukraine Money Appeal Envisions War-Based Economy 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.

NEW DELHI: The Chinese yuan has surpassed the euro to become the world’s second-most used currency in SWIFT trade settlements, according to data from the international SWIFT system. This marks a significant milestone in China’s efforts to internationalise its currency. As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% […]

The post Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT 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.

By Arun Srivastava Rightist forces do not empathise with the human and humanity. Humanitarian emotions and sensibilities have been unknown commodities for them. Hitler crushed the humanity and the worst victims of his tyrannies were the Jew. It is ironical that now the same Jews are perpetrating the worst kind of torture on the Muslims […]

The post For His Electoral Gains, Biden Is Pushing US Towards A Global War first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nitya Chakraborty The Hamas-Israeli war entered its 12th day on Wednesday with the clashes between two sides intensifying leading to all the possibility of being turned into a dreadful regional war. So far more than three thousand Palestinians have been killed, including about five hundred who were killed when a hospital was bombed in […]

The post Next Forty Eight Hours Are Crucial For Hamas-Israeli War first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee It may be a bit early to predict economic consequences of the ongoing Hamas-Israel armed conflict on the world economy, but India is bound to be impacted if the war continues for long and oil prices keep soaring through the coming winter months. The war is now running through the second week. […]

The post Hamas-Israel Armed Conflict Brings Fresh Risks To World Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

By M A Hossain On October 7, 2023, Israel suffered its most devastating attack in decades, orchestrated by the Iran-backed Palestinian militant organization, Hamas. Notably, Hamas’s startling well-planned land-sea-air surprise assault from Gaza on Southern Israeli communities claimed the lives of hundreds and took approximately 150 persons hostage, both military and civilian personnel. Israel’s most […]

The post An Attack On Israel Was Inevitable From Iran’s Perspective first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The Israel-Palestine conflict has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. In view of the missile attacks and the incursion of opposing militias, the security of transporting goods through the port of Haifa has become uncertain. The […]

The post Israel-Palestine Conflict Sends Ripples Through Shipping And Maritime Industry first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Curiously, the Hamas attack and the Israeli reprisal coincide with the 5oth anniversary of the first oil crisis, which plunged the world into an oil shock of unprecedented proportions, causing energy prices to skyrocket and leading to fuel shortages, particularly in the United States. And by all indications, the results of the […]

The post Hamas-Israeli Conflict Coincides With 50th Anniversary Of 1973 Oil Shock first appeared on Latest India news, analysis and reports on IPA Newspack.