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By Dr. Soma Marla Recent collapse of Silicon Valley Bank (SVB) has further led to the fall of Signature bank, Credit Suisse and now a major European German Credit Douche bank. This banking crisis has resulted from US Treasury’s recent interest rate hike. Cracks are appearing in US banking system amidst fears of a possible […]

The post Latest Collapse Of US And European Banks Is A Part Of Continuing Crisis Of Capitalism first appeared on IPA Newspack.

By K Raveendran It is increasingly becoming clear that the crisis in global banking has not played out even a small part. While the immediate fallouts leading to bankruptcies and similar consequences appear to have been contained somewhat, fears are lingering. The prospects of a recession in the global economy stand more pronounced than before. […]

The post Global Banking Crisis To Further Hit India’s Problematic Tech Job Situation first appeared on IPA Newspack.

By Dr. Gyan Pathak From April 1, 2023, the existential crisis for poor patients is further going to worsen on account of 12.12 per cent rise in prices of essential drugs, which was also increase by 10.76 per cent from April 1, 2022. The price difference in 12 months has thus turned to be 24.18 […]

The post Hike In Prices Of Essential Drugs From April 1 Is A Big Blow To Poor Patients first appeared on IPA Newspack.

By Dr. Gyan Pathak The contemporary Indian narrative of the times of Prime Minister Narendra Modi is full of confusing signals for the common men. On the one hand PM Narendra Modi and his government in all their appearance has been trying to be truthful, doing justice, and virtuous, while on the other the opposition […]

The post A Contemporary Indian Narrative Of The Times Of Narendra Modi first appeared on IPA Newspack.

By Sushil Kutty Things are moving fast in Karnataka where assembly elections will be held in April-May, a matter of a few weeks. In the latest, after the BJP announced the scrapping of the 4 percent quota for the Muslim minority, the Congress vowed to restore it if it is returned to power. The Bommai […]

The post Assembly Poll Campaign Picks Up In Karnataka As BJP And Congress Are In Battle-Mode first appeared on IPA Newspack.

By Nantoo Banerjee The punishment meted out to Congress leader Rahul Gandhi by the Surat court in a 2019 criminal defamation case filed against him by a BJP MLA over his “why all thieves have Modi surname” remarks may have been considered by many as disproportionate to his sin of verbally abusing the prime minister […]

The post Punishment To Rahul Gandhi May Have Been Disproportionate To His Offence first appeared on IPA Newspack.

By Dr. Nilanjan Banik And the story goes on like this. There is this bank named Silicon Valley Bank (SVB) that lent money to the tech industries, and the start-ups primarily in the tech domain. During 10th March 2023, the news broke that this bank collapsed and did not have enough funds to pay back […]

The post What Exactly Went Wrong Leading To Collapse Of Silicon Valley Bank? first appeared on IPA Newspack.

By Anjan Roy Now that the Federal Reserve, European Central Bank and Bank of England have all raised their policy interest rates to fight inflation, there might be further flutters in the financial sector and several other banks might be nervous about the future. However, the central bankers have flatly stated that their primary responsibility […]

The post Indian Economy Is Still In A Position To Insulate Itself From Global Turmoil first appeared on IPA Newspack.

By James M Dorsey A push by Arab allies of the United States to bring Syria in from the cold highlights the limits of a Chinese-mediated rapprochement between the Middle East’s archrivals, Saudi Arabia and Iran. The effort spearheaded by the United Arab Emirates, and supported by Saudi Arabia, Egypt, and Jordan, demonstrates that the […]

The post Arab Plan For Syria Puts Europe And America In A Bind first appeared on IPA Newspack.

By Krishna Jha India has entered one of its darkest phases of deprivation when the annual income of the poorest 20 percent has fallen by 53 percent and still continues to fall from the level of 2015-16. Since last three decades, economy was evolving at the rate of seven percent a year and was going […]

The post Annual Income Of Poorest 20 Per Cent Of India Continuing With Its Decline first appeared on IPA Newspack.

By Dr. Gyan Pathak Rising new COVID-19 cases again chiefly due to a new variant XBB.1.16 have put India on alert. The seriousness of the threat has been noted even at the Prime Minister level who chaired a review meeting on March 23, the day on which a single-day rise of 1300 new cases were […]

The post Rising New Covid Cases Again Puts India On High Alert first appeared on IPA Newspack.

By Tirthankar Mitra Confusion is setting in among a section of Trinamool Congress activists at the double face of the leadership towards scam tainted leaders even as party supremo Mamata Banerjee have asked them not to despair. They should walk along puffing up their chests, she further advised. The barrage of criticism can be sourced […]

The post Mamata’s Selective Action Against Scam Accused Confuses TMC Activists first appeared on IPA Newspack.

By Sushil Kutty What is happening in Telangana? After Chief Minister K Chandrashekar Rao’s daughter K Kavitha declined to entertain the Enforcement Directorate’s invitation to drop by for another round of questioning in the Delhi Excise Policy case, there’s not much been heard of, and from the Bharat Rashtra Samithi. The Congress has hijacked the […]

The post Telangana Will See Fierce Battle Between BRS And BJP In Assembly Polls first appeared on IPA Newspack.

By Arun Kumar India’s per capita income, representing the average income of an Indian citizen, has risen from INR 79,000 in 2013–14 to INR 1,71,000 in 2022–23 — an increase of 116 percent. Therefore, some claim that incomes have more than doubled in India since the present ruling dispensation took office. The catch is that: […]

The post Indian Economy Is Showing Rising National Income With Decline In Social Welfare Of People first appeared on IPA Newspack.

By Prakash Karat Heralding a new offensive against the opposition by the Modi government, there has been a spate of activities by the central agencies – particularly, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED). In the past two weeks, the CBI summoned for questioning Manish Sisodia, deputy chief minister of Delhi, […]

The post Central Agencies Have Been Reduced To Modi’s Anti-Opposition Weapons first appeared on IPA Newspack.

“. The Chief Minister of Maharashtra Eknath Shinde, Deputy Chief Minister Devendra Fadnavis are likely to meet the agitating farmers at 3pm today. The massive march is likely to continue towards Mumbai till the two meet the kisans. On Wednesday, there was a round of talks between the agitating Kisans and two minister, which according […]

The post Mega Kisan march nears Mumbai, meeting with CM today first appeared on IPA Newspack.

By Anjan Roy One swallow does not make a summer, the old proverb goes. But even a single swallow can give some hopes for a return to better times. A softer trend in the wholesale prices, as revealed in the latest figures, had ignited demands for a softer stance in monetary policy of the Reserve […]

The post Blunt Tool Of Interest Rate Hikes: Case For A Relook first appeared on IPA Newspack.

By Anjan Roy A prominent private bank in the United States — the country’s sixteenth largest— has failed and this can have significant impact on the Indian technology industry. Silicon Valley Bank —better known by its acronym SVB— has gone into liquidation. This was one of the 20 largest banks in the USA and its […]

The post Silicon Valley Bank Collapse Sends Chills Down Indian Tech Sector first appeared on IPA Newspack.

By Sushil Kutty So, Prime Minister Narendra Modi is ‘ek akela sab par bhari’! Does that make him ‘God’? The Creator’? Perhaps, the ‘One’ who makes the Sun rise? The Congress says any such thoughts in the Prime Minister’s head should be squelched, cleansed right away, because Modi is behind the “dead democracy” in India! […]

The post Criticizing Union Government In Foreign Soil Won’t Really Hurt Modi first appeared on IPA Newspack.

The U.S. dollar fell sharply on Monday as authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank, with investors hoping the Federal Reserve will take a less aggressive monetary path. The U.S. government announced several measures early on Monday Asian hours, and said all SVB customers will have access […]

The post Dollar sinks as US intervenes on SVB collapse first appeared on IPA Newspack.