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By Nantoo Banerjee The new year’s best news for India, is that the Saudi Arabia-led Organisation of Petroleum Exporting Countries (OPEC) is fast losing its grip on the market with a number of countries willing to offer prices even lower than those fixed for Russian crude. Saudi Arabia itself has cut down crude oil prices […]

The post Lower Global Oil Demand And Price Will Benefit India In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Uncertainty in Global labour market is likely to continue while unemployment is set to rise in 2024. Growing inequality and stagnant productivity will also be cause of concern on the economic front, especially at a time when the global economy is on track for the slowest half-decade of growth in 30 […]

The post Uncertainty In Labour Market To Continue, Unemployment To Rise In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

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 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.

Congress president Mallikarjun Kharge on Friday said anyone having faith in Lord Ram can visit the Ayodhya temple any day and added the BJP was attacking his party over the decision to decline the invite to the January 22 consecration ceremony as part of “a conspiracy”. The Congress has never hurt any religion or guru, […]

The post Kharge says faithful can visit Ayodhya any day first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Forex reserves declined sharply by USD 5.89 billion to USD 617.3 billion for the week ending January 5 after rising for four consecutive weeks, according to the weekly Reserve Bank data released on Friday. So far this fiscal, the reserves have increased USD 55.72 billion, according to the Reserve Bank of India (RBI). In […]

The post Forex Reserves Fall Sharply By $5.89 Billion To $617.3 Billion: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s retail inflation rose to 5.69 per cent in December 2023 up from 5.55 per cent in November last tear with higher food prices stretching household budgets, according to official figures released on Friday. Retail inflation inched up marginally in December, while industrial production in November plunged to an eight-month low of 2.4%, […]

The post Consumer Inflation Tad Up, Factory Output Slips first appeared on Latest India news, analysis and reports on IPA Newspack.

Microsoft overtook Apple as the world’s most valuable company on Thursday after the iPhone maker’s shares made a weak start to 2024 due to growing concerns over demand. Shares of Redmond, Washington-based Microsoft were last up 1.6%, giving it a market valuation of $2.875 trillion as its early lead in the race to make money […]

The post Microsoft Overtakes Apple As World’s Most Valuable Company first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In a measure that could bring relief to promoters of startups, the Securities and Exchange Board of India (Sebi) is in favour of relaxing the rules on the minimum promoters’ contribution at the time of an initial public offering (IPO). As startup founders typically dilute their stakes in the course of fundraises, they are […]

The post SEBI Proposes Easier Rules For Startup Listings first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava So far the RSS and BJP have been working on their plan to rupture the social relation between Hindus and Muslims, but now in the wake of the consecration of Ram Mandir in Ayodhya on January 22 differences have cropped up among the Hindus between those believing Sanatan ideology and the devotees […]

The post RSS’s Ram Mandir Inauguration Is Politically Motivated, Say Four Top Hindu Heads 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.

MUMBAI: Gaining from high credit off-take and lower credit costs, banks are likely to post 16.7 per cent year-on-year (Y-o-Y) growth in net profit during the third quarter of the financial year ended December 2023 (Q3 FY24). However, sequentially, net profit may shrink by 2.4 per cent over the second quarter ended September 2023 (Q2), […]

The post Banks’ Net Profit Likely To Grow By 16.7% In Q3 Due To High Credit Offtake first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak As India heads towards General Election 2024, sharp rise in urban unemployment in December 2023 exposes again the falsehood of government’s narrative and propaganda regarding employment generation under the leadership of PM Narendra Modi. Though under the new narrative on the employment front on the eve of Lok Sabha Election 2024, […]

The post Urban Unemployment Rises Sharply In December 2023 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 James M Dorsey History repeats itself. Palestinian airplane hijackings and attacks on Israeli civilians in Israel as well as on Israeli and Jewish targets abroad pockmarked the 1970s and 1980s. The violence put the Palestinian issue on the world agenda. The violence erupted, and at times, was driven by fierce debate among Palestinian guerilla […]

The post History Repeats Itself With The Killing Of Senior Hamas Official Saleh Al-Arouri first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The United Nations World Economic Situation and Prospects Report 2024 on Friday revised India’s gross domestic product (GDP) growth estimate for the 2024 calendar year to 6.2 per cent, compared to 6.7 per cent earlier. The report stated: “Economic growth in India is projected to remain strong at 6.2 per cent in 2024, […]

The post UN Report Revises India’s GDP Projection Downward To 6.2 Per Cent For 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.