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NEW DELHI: The Indian government will spend a record ₹11.11 trillion ($133.87 billion) on infrastructure creation in 2024/25, to ensure the Asian nation remains one of the world’s fastest growing major economies. The allocation for capital expenditure for the financial year starting April 1 is 11.1 per cent higher than the capex for the current […]

The post Government Raises 2024-25 Capex Spend To Record ₹11.11 Trillion first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has sought investment commitments from Switzerland under the proposed free trade agreement with the four-nation EFTA bloc, a top government official said on Tuesday. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The official also said negotiations for the pact are at an advanced stage and both […]

The post India Seeks Investments From Switzerland first appeared on Latest India news, analysis and reports on IPA Newspack.

The Enforcement Directorate (ED) seized the vehicle of Jharkhand Chief Minister Hemant Soren, who is “untraceable” allegedly due to the federal agency’s action in connection with a money laundering investigation in an alleged land fraud case. According to top sources in the ED, the car is an asset from the proceeds of crime. Soren uses […]

The post ED tightens screws on Soren, seizes his BMW first appeared on Latest India news, analysis and reports on IPA Newspack.

The Jharkhand unit of the BJP on Monday claimed that Chief Minister Hemant Soren has been absconding since the last 18 hours, fearing action of the Enforcement Directorate. Urging Governor CP Radhakrishnan to take cognisance of the matter, Marandi said the credibility and reputation of Jharkhand are at stake. According to media sources, late at […]

The post Soren absconding due to fear of ED, claims BJP first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra The politics of Bihar is taking a big twist at the moment, and it seems that CM Nitish Kumar has begun to script a new chapter in Bihar politics and he could dump INDIA alliance and rejoin the Bharatiya Janata Party-led National Democratic alliance. In this context, Bihar CM Nitish Kumar, […]

The post Chief Minister Nitish Kumar May Join BJP Led NDA Next Week Along With JD(U) first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Private banks have continued to grow their personal loan books in the September-December quarter even after the Reserve Bank of India (RBI) raised risk weights for unsecured loans. According to the banks’ latest quarterly numbers, their personal loan books have risen between 10% and 86% year-on-year (yoy). Leading banks like ICICI Bank, Kotak Mahindra […]

The post Private Banks Grow Personal Loan Book Aggressively first appeared on Latest India news, analysis and reports on IPA Newspack.

By Krishna Jha “The people of India, having solemnly resolved to constitute India into a sovereign Democratic republic and to secure to all its citizens Justice, social, economic and political, Liberty of thought, expression, belief, faith and worship, Equality of status and opportunity, and to Promote among them all, Fraternity assuring the this twenty sixth […]

The post On Republic Day This Year, The Task Is To Protect The Values Of Constitution first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The credit card segment has emerged as the fastest growing among all retail loans, which could be a cause of worry for the regulator as much of this unsecured credit is going into the below-prime category. In November, the outstanding credit card balance of banks rose 34% from a year earlier, even after the […]

The post Bulk Of Credit Card Loans Are Subprime first appeared on Latest India news, analysis and reports on IPA Newspack.

Calling the idea of holding simultaneous elections as ‘undemocratic’ and against the guarantees of federalism and the basic structure of the Constitution, Congress chief Mallikarjun Kharge demanded dissolution of the high-powered committee formed to study it. In a letter to the secretary of the committee on one nation, one election, he requested former president Ram […]

The post Idea of simultaneous polls undemocractic, says Kharge first appeared on Latest India news, analysis and reports on IPA Newspack.

The Enforcement Directorate has issued fresh summons to RJD chief Lalu Prasad and his son and Bihar Deputy Chief Minister Tejashwi Yadav to appear for questioning at its Patna office in connection with the alleged railways land-for-jobs money laundering case, official sources said on Friday. While Prasad has been asked to depose on January 29, […]

The post Fresh ED summons to Lalu Prasad, son in land scam first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Seat Sharing is the vital component of the electoral strategy, but for leaders of INDIA bloc of Jharkhand, using the forum for espousing the cause of the adivasis and poor and fight for their identity and welfare is the primary mission. Leaving aside one or two seats, the opposition leaders have succeeded […]

The post Jharkhand Under Hemant Is Ready To Take On The BJP Challenge In 2024 Polls first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A precipitous decline in shares of HDFC Bank, the most heavyweight component of the Nifty and the Sensex, on Wednesday, triggered the worst day for the domestic markets in nearly a year and a half. The Sensex closed at 71,501, shedding 1,628 points or 2.2 per cent, marking the most significant decline since June […]

The post HDFC Bank Slide Triggers Worst Day For Market In Last 18 Months 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.

West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee on Thursday said the ‘One Nation, One Election’ idea is not practically feasible going by India’s federal structure. Hours after sending a letter to Dr Niten Chandra, secretary of a high-level committee that has called for suggestions for implementation of the idea, Banerjee requested the […]

The post Mamata rejects ‘One Nation, One Election’ idea first appeared on Latest India news, analysis and reports on IPA Newspack.

US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. The Securities and Exchange Commission, whose three-part mandate includes investor protection, authorized funds from […]

The post US SEC Authorises Direct Bitcoin-Spot ETFs, Revolutionising Crypto Investments first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Geopolitics and guidance from the US Federal Reserve may not be the only factors that determine the performance of gold in the New Year. The Indian and other elections slated for the year may also be determinants. India is the second largest gold consumer in the world and the rate at which […]

The post Implications Of National Elections For Gold Demand In India And World Markets first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Air dashing of the Enforcement Director Rahul Navin just around midnight on the fourth day of the attack on the team of his sleuths investigating alleged ration distribution scam in West Bengal is not only meant to boost the morale of his men; instead it has got multiple dimensions. If he was […]

The post ED To Adopt More Vindictive Posture In TMC-Ruled West Bengal first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee There is nothing to panic immediately about India’s current general government debt, for which the International Monetary Fund has warned that it may exceed 100 percent of the country’s gross domestic product (GDP) in the medium term, or by 2028. In its annual ‘Article IV’ consultation report, IMF said that long-term risks […]

The post India’s General Government Debt Needs To Be Controlled first appeared on Latest India news, analysis and reports on IPA Newspack.

The assault on ED officers in West Bengal’s North 24 Parganas district on Friday sparked a political slugfest, with the BJP and Congress calling for the imposition of President’s rule, even as the ruling TMC accused the central agency sleuths of inciting locals. ED officers were assaulted and their vehicles damaged allegedly by supporters of […]

The post Cong, BJP seek President Rule in Bengal after ED assault first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: Early business data from lenders, published ahead of the month-long earnings season starting next week, showed that Indian companies are on track to report yet another quarter of robust performance amid buoyant consumer demand, although rising cost of funds might crimp profitability for financiers as the pace of deposit mobilization trails credit growth. Non-banking […]

The post Credit Growth Signals Robust Q3 For India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.