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NEW DELHI: India’s trade deficit in December narrowed to a three-month low of $19.8 billion amid an import slowdown due to falling commodity prices. Merchandise exports during the month grew 0.97 per cent over a year earlier to $38.45 billion, contrary to the trend of a slowdown so far this financial year, showed data released […]

The post Trade Deficit Falls To Three-Month Low Of $19.8 Billion In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The negotiations on India-Oman free trade agreement that were racing towards concussion may drag a bit longer as Indian petrochemical producers have opposed any deep duty cuts on polypropylene and polyethylene that might be offered in the pact. Both polypropylene and polyethylene, key raw materials for plastics, currently attract import tax (basic customs […]

The post Petrochemical Industry Opposes Oman FTA, Deal May Be Delayed first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Supreme Court on Wednesday refused to order inquiries into Adani Group by a special investigation team (SIT) or the Central Bureau of Investigation (CBI) — a major relief to the business house — over US short-seller Hindenburg Research’s allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange […]

The post Supreme Court Backs SEBI Inquiry Into Adani, Rejects Any Other 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.

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 K Raveendran The imposition of extra tariff on Chinese gold jewellery exports by the United States has helped the Indian jewellery export trade to dislodge the United Arab Emirates as the country’s leading export market. The tariff on Chinese jewellery has made Indian exporters more competitive on the one hand, while the Comprehensive Economic […]

The post Tariff On Chinese Gold Jewellery Helps U.S. Replace UAE as India’s leading export market first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The 28th Conference of the Parties of the United Nations (UN) Framework Convention on Climate Change (COP28), hosted by oil exporter United Arab Emirates (UAE), adopted the idea of “transitioning away from fossil fuel” in the final decision text, marking the first instance of such a decision in the three decades of COP’s […]

The post COP28 Nations Agree To ‘Transition Away’ From Fossil Fuels first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy It was a contradiction in terms. One of the largest producers of fossil fuels, UAE, was hosting the UN talks on limiting use of such fuels to cut down CO2 emissions and thereby help keep earth’s temperature rise within the stipulated 1.5 degrees above pre-industrial levels.   At the end of the […]

The post COP28’s Agreed Document Is A Bundle Of Contradictions On Major Issues first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is no surprise that COP28 Dubai has proceeded the way it has. As member countries grappled with how to formalise and approach towards the most sensitive issue of fossil fuels, the climate summit had to be extended to try and work out a consensus. According to latest reports emerging the vibrant […]

The post COP28 May Have Avoided A Showdown, But Conflict Points Remain Largely Unresolved first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak COP28 draft negotiation text released on reduction of fossil fuel has generated great criticism and fury, since it stops short of phasing out fossil fuels, and therefore no agreement was reached within the deadline. Negotiators are now awaiting new text, talks continue beyond the deadline, but there is no sign that […]

The post COP28 Draft Negotiation Text Frustrates Hope Of Phasing Out Of Fossil Fuel first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government has banned exports of onion till March next year with a view to increase domestic availability and to keep prices in check. “Export policy of onions… Is amended from free to prohibited till March 31, 2024,” the Directorate General of Foreign Trade (DGFT) said in a notification. Local vendors in the […]

The post India Bans Onion Exports Till March Next Year first appeared on Latest India news, analysis and reports on IPA Newspack.

Trinamool MP Mahua Moitra has been expelled from the Parliament after Ethics Panel’s recommendation over cash-for-query row. Opposition INDIA bloc leaders questioned the Lok Sabha Ethics Panel recommendation for expelling Trinamool Congress MP Mahua Moitra, and accused the BJP-led government of doing “vendetta politics”. The report was tabled in the Lok Sabha today amid an uproar […]

The post Mahua expelled from parliament in cash-for-query case first appeared on Latest India news, analysis and reports on IPA Newspack.

Exxon Mobil Corp. and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations. The deal is controversial given none of the companies are agreeing to reduce oil and gas production. But they […]

The post COP28 Climate Summit 2023: Exxon, Aramco Lead Emissions Cut Pledge first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak UN Climate Change Conference – United Arab Emirates (November 30 – December 12, 2023), popularly known as COP28, has begun with first major milestone on the day-one, by delivering a historic agreement that made the Fund operational, which was agreed upon during COP27 last year. The agreement was reached by parties […]

The post COP28 Has Begun With First Major Milestone Generating Great Hope first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Oil markets are eagerly awaiting the outcome at the forthcoming OPEC+ meeting this week, after internal troubles forced a postponement of the meeting originally scheduled for November 26. The meeting assumes great significance both for producing as well as importing countries, especially amidst assessments that a new agreement to cut production is […]

The post All Eyes On OPEC Meeting As Cartel Struggles To Continue Voluntary Supply Cuts first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Exports of engineering products from India witnessed growth from countries such as the US, Saudi Arabia, and the United Arab Emirates (UAE) during October but contracted from several nations in the European Union (EU), China, and Southeast Asia, according to government data. After a slump during the first half of this year, India’s […]

The post India’s Engineering Exports Surge In US, Saudi Arabia, And UAE In October first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Foreign direct equity investments into India fell by 24 per cent to $20.5 billion during the first six months of the financial year 2023-24 in comparison to a year earlier, according to data released by the industry department on Tuesday. While the government did not officially cite any reason for a sustained contraction […]

The post FDI Equity Inflows Contracted 24% In First Half Of FY24, Shows Data first appeared on Latest India news, analysis and reports on IPA Newspack.