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India will not conclude the India-UK Free Trade Agreement (FTA) talks in haste under the pressure of forthcoming general elections, as negotiations for a favourable outcome can continue even after the new government comes in, a senior official has said. “India will not do anything under pressure. We are not affected by elections. We will […]

The post No Pressure To Conclude India-UK FTA Talks Due To Forthcoming Elections, Says Source first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: The market size of the Indian enterprise fintech sector is projected to reach $20 billion, according to a report by venture capital firm Chiratae Ventures and finance consultancy Digital Fifth. The market size of the enterprise fintech sector was reported to be at $2.7 billion in 2022. The BFSI industry is rapidly transforming, driven […]

The post Indian Enterprise Fintech Sector May Reach $20 Billion: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Parliamentary Standing Committee on Finance has recommended that GST on health insurance, particularly for senior citizens, should be lowered. It has simultaneously pitched for a level-playing field between public and private sector insurance companies in terms of TDS on GST and participation in government-run insurance schemes. Financial services, including premium for health […]

The post Parliamentary Panel Recommends Lowering Of GST On Health Insurance, Term Policies first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) has amended norms pertaining to insolvency resolution process for personal guarantors and voluntary liquidation process. Changes have been made to the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors regulations and Bankruptcy Process for Personal Guarantors to Corporate Debtors regulations. Restrictions have been removed […]

The post IBBI Amends Norms Related To Insolvency Resolution Process For Personal Guarantors first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Enforcement Directorate and the Financial Intelligence Unit have asked the RBI to share its report on the recent action taken to bar Paytm Payments Bank Ltd from accepting deposits or top-ups in customer accounts, official sources said on Tuesday. Federal agencies ED and FIU, tasked with checking violations under the Prevention of […]

The post FIU, ED Seek Report From RBI on Paytm first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Retail inflation has come down to within the tolerance band due to steps taken by the government to check price rise in essential commodities, especially in perishable commodities, finance minister Nirmala Sitharaman told Rajya Sabha on Tuesday. Replying to a question in the Rajya Sabha, Sitharaman said that steps are being taken now […]

The post Inflation Within Tolerance Band Due To Government Steps: FM Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI/NEW DELHI: Facing an uncertain future following severe restrictions imposed by RBI, Paytm brass has held talks with FM Nirmala Sitharaman and the regulator, in a bid to impress upon them to reverse the decision. While executives of the bank, including founder Vijay Shekhar Sharma, met RBI officials on Monday, they called on the FM […]

The post Paytm Top Brass Meets FM, RBI Officials Amid Stiff Curbs first appeared on Latest India news, analysis and reports on IPA Newspack.

Escalation its attack on the BJP-led central government, the ruling Congress in Karnataka led by Chief Minister Siddaramaiah is all set to stage a protest “Chalo Delhi” in the national capital on Wednesday, alleging ‘injustice’ to the state in tax devolution and grants-in-aid over the past few years. The protest by all Congress legislators and […]

The post Siddaramaiah, Pinarayi in Delhi for anti-Centre protest first appeared on Latest India news, analysis and reports on IPA Newspack.

Senior Congress leader P Chidambaram has said that the Prevention of Money Laundering Act, 2002, is being “completely misused” to target opposition leaders and if his party returns to power, it would repeal the law to enact a better legislation. The former Union finance minister also said that the law was not the “UPA’s baby” […]

The post Chidambaram promises repeal of money laundering law first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The department of telecommunications (DoT) is examining methodologies to directly allocate spectrum to enterprises like Infosys, Tejas Networks, Tata Communications, Tata Power, Larsen & Toubro, GMR, Capgemini, etc. It has set up an internal study group to suggest ways to achieve the objective. Officials said that direct allocation of spectrum to these enterprises […]

The post Direct Spectrum Allocation For Private 5G Being Looked At first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Organization for Economic Co-operation and Development (OECD), in its latest interim economic outlook released on Monday, raised India’s growth outlook for 2024-25 (FY25) to 6.2 per cent from the 6.1 per cent estimated earlier in its November outlook. “The emerging-market (EM) economies have generally continued to grow at a solid pace, despite […]

The post OECD Marginally Raises India’s GDP Growth Forecast To 6.2% For FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

Delhi Chief Minister Arvind Kejriwal’s personal secretary and a Rajya Sabha MP are among those linked to the Aam Aadmi Party who are being raided by the Enforcement Directorate as part of a money laundering probe, said sources. ED officials are currently conducting searches at over 12 premises across Delhi, Chandigarh and Varanasi. Bibhav Kumar, […]

The post ED raids premises of Kejriwal’s secretary, MP first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2024-25 is 5% higher than Rs 1.12 lakh […]

The post ONGC, IOC, Other Oil PSUs To Invest Rs 1.2 Lakh Crore In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) will focus on concluding the ongoing privatisation transactions, like IDBI Bank and BEML, and may not look at any new CPSE for a strategic sale in the next fiscal, a senior official said. DIPAM Secretary Tuhin Kanta Pandey in an interview to PTI said […]

The post Focus To Be On Concluding Ongoing Strategic Sales In FY25: DIPAM Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending rate in its upcoming bi-monthly monetary policy this week as retail inflation is still near the higher end of its comfort zone, say […]

The post RBI Likely To Continue Status Quo On Short Term Lending first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee It is difficult to believe in the 21st century that some small groups of Yemeni Houthi pirates on the Red Sea can bring a $1-trillion-plus annual global trade using the sea route almost to a halt, forcing shipowners and shippers divert the trade through a several times longer route via the Cape […]

The post Houthi Pirates Bring Global Trade Through Red Sea To A Near Halt first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]

The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The government’s nudge to the private sector in the interim Budget by reducing its borrowing for FY25 comes at a time when announcements of new investments have slowed down. According to data from the Centre for Monitoring Indian Economy (CMIE), announcement of investments by the private sector in the September and December quarters of […]

The post Private Capex Hike Depends On Demand: India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Tourists visiting Paris’ Eiffel Tower will now be able to book their trip to the iconic monument using India’s Unified Payment Interface, the National Payments Corporation of India (NPCI) said on Friday. The NPCI said its arm NPCI International Payments (NIPL) has tied up with French e-commerce and proximity payments Lyra, which will help […]

The post Now, Pay For Eiffel Tower Visit Through UPI first appeared on Latest India news, analysis and reports on IPA Newspack.