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NEW DELHI: Finance ministry on Monday said the Indian economy has remained resilient amid global headwinds on the back of robust domestic demand, an investment-led strategy due to a transformed climate and high level of public spending, macro-economic stability, apart from a spate of reforms initiated by government over the last 10 years. A review […]

The post Government, RBI Measures Have Kept Inflation In 2-6% Range: Finance Minister first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Indian economy is likely to achieve a growth rate of 7% in fiscal year 2025 after growing at or above 7% in 2023-24, driven by resilient domestic demand despite risks and uncertainties in the global economic landscape, according to a review of the economy unveiled on Monday. It also said India can […]

The post India Can Aspire To Be $7 Trillion Economy By 2030: Review first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Drawing from a viral meme, Kumar Mangalam Birla, chairman of the Aditya Birla Group, on Monday said the Indian economy’s vibrant energy is ‘looking like a wow’. A deeply impactful pulse of confidence in the nation is palpable, the billionaire said in his new year message, adding that the meme captures the “unparalleled nature” […]

The post Indian Economy Is ‘Looking Like A Wow’: K M Birla first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s natural gas demand is expected to rise by 6 per cent in 2024 with a rise in consumption in fertiliser units, power generation and industrial sectors, according to the International Energy Agency (IEA). Following the 7 per cent year-on-year decline observed in 2022, India’s primary gas supply rose by 5 per cent […]

The post India Gas Demand To Rise 6 Per Cent In 2024: IEA first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The deterioration in recent weeks of the security situation in the Red Sea, where Yemen-based Houthi militia in support of Palestine have disrupted global trade by launching drone and missile attacks on vessels, is posing a geopolitical risk to LNG prices. It has now been more two months since the first attack […]

The post Deterioration In Red Sea Situation Threatens LNG Trade Flows, Drags Prices Down first appeared on Latest India news, analysis and reports on IPA Newspack.

The crude oil market share of the Organization of Petroleum Exporting Countries (OPEC) has been declining since the cartel  came out with its Declaration of Cooperation (DoC). The share is under increasing threat from non-OPEC+ countries, analysts say. According to research agency BMI, a unit of Fitch Solutions, propping up Brent through DoC has come […]

The post OPEC Losing Crude Oil Market Share As It Cuts Output To Lift Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

By Annie Domini The much-awaited order from the International Court of Justice (ICJ) at The Hague in the case of genocide by the State of Israel against the Palestinian people in the Gaza Strip, brought before the world court by the Republic of South Africa, came out on 26 January 2024 and it’s crystal clear: […]

The post World Court Tells Israel To Stop Its Genocide Of Palestinians first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Oil regulator PNGRB has launched a two-month long nationwide drive to increase adoption of piped natural gas as a cooking fuel in household kitchens in an attempt to cut dependence on imported fossil-fuels. “The Petroleum and Natural Gas Regulatory Board (PNGRB) along with city gas distribution entities will run a campaign from January […]

The post Oil Regulator Launches Drive To Increase Piped Gas Adoption first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and the UK will likely sign an agreement in early February to spurt flow of London-based patient capital funds the burgeoning infrastructure sector of the world’s fifth largest economy. India is aiming for $5-10 billion inflows in the initial phase to establish a proof of concept in project financing for investors to […]

The post India Looks To Tap London Funds For Infrastructure Investment first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government has halved the amount of equity infusion in state-owned fuel retailers to Rs 15,000 crore for supporting their investments in energy transition projects, the finance ministry has said. Finance Minister Nirmala Sitharaman had on February 1 last year while presenting the annual Budget for 2023-24 fiscal (April 2023 to March 2024) […]

The post Govt Halves Budget Support To Oil Firms, Defers Filling Strategic Reserves first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre on Wednesday announced re-bidding for the 10 Gigawatt hour (Gwh) tranche of the total 20 GWh capacity under the production-linked incentive (PLI) scheme for the advanced chemistry cell (ACC) battery storage. A budgetary outlay of Rs 3,620 crore has been earmarked as the incentive against setting up this battery manufacturing capacity […]

The post Centre Begins Re-Auction For 10 GWh Tranche Of Acc Battery PLI Scheme first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava With Indian policing system getting excruciatingly communalised under the command of home minister Amit Shah, the Assam police chief G.P. Singh lodging an FIR against Rahul Gandhi and at least six other senior Congress leaders leading the Bharat Jodo Nyay Yatra, has certainly neither been shocking nor disappointing. Singh followed the saffron […]

The post Regional Satraps Impairing Electoral Prospects Of INDIA Bloc first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack, with the benchmark Sensex falling almost 1,053.10 points. Equity benchmark index Sensex tumbled 1,053 points to close below the 71,000 level on Tuesday, dragged down by index heavyweights HDFC Bank, Reliance Industries and SBI amid mixed […]

The post Investors Wealth Erodes By Rs 8.50 Lakh Crore As Markets Tumble first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) will set up a new unit to house its gas business and clean energy projects such as green hydrogen, as it looks to fast-track foray into new areas. In a stock exchange filing, the firm said it last month received approval of the Ministry of Petroleum […]

The post ONGC Gets Nod For Green Energy, Gas Unit first appeared on Latest India news, analysis and reports on IPA Newspack.

A day after Prime Minister Narendra Modi presided over the ‘pran prathista’ of Ram Lalla at the new Ram temple in Ayodhya, senior Congress leader Veerappa Moily on Tuesday stoked a controversy by saying he had doubts whether PM Modi actually fasted for 11 days before the ceremony. “If he hasn’t, then the entire Sanctum […]

The post Moily creates storm over Modi’s ritualistic fasting first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Domestic coal-based power generation increased 7.14 per cent to 872 billion units (BU) in the April-December period of the current fiscal. The rise in domestic coal-based electricity generation reflects an ample supply of coal to meet the growing energy demand in the country, the coal ministry said in a statement. Domestic coal-based power […]

The post Domestic Coal Based Power Generation Rises 7 Per Cent In April-December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Power consumption in the country witnessed an on-year rise of nearly 8 per cent to 1,221.15 billion units (BU) during the April-December period of this fiscal, indicating a surge in economic activities. Power consumption in the country stood at 1,132.11 BU in April-December 2022-23. Industry experts said that around eight per cent growth […]

The post India’s Power Consumption Grows 8 Per Cent To 1,221 Billion Units In April-December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Only zero emission cars can contribute towards a reduction in air pollution, cutting burgeoning fuel imports and attaining net zero targets, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. Amid demands from a certain section of the industry to cut taxes levied on hybrid cars, Chandra said that such vehicles do […]

The post Only Zero Emission Cars Can Help Tackle Air Pollution, Reduce Oil Imports: Tata Motors first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd will commission a new energy giga complex in Gujarat in the second half of 2024, the company said in an earnings statement and investor call. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex comprises five giga factories for photovoltaic […]

The post Reliance To Commission New Energy Giga Complex This Year first appeared on Latest India news, analysis and reports on IPA Newspack.