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NEW DELHI: The Centre may unveil a new scheme or enhance one of the existing schemes to improve the welfare of a “target beneficiary group,” ahead of the general election, an person privy to the matter told FE. Though the details aren’t known, additional support measures for the fishing community are a possibility, the source […]

The post Budget May Have A Southern Flavour; More Aid To Fishing Community Likely 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: The government is likely to make an outlay of Rs 21,000 crore for reduce the cost of short-term loans for Kisan Credit Cards (KCCs) holders in the forthcoming interim budget for 2024-25. This amounts to an annual rise of 13%. Sources said that under modified interest subvention scheme (MISS) of the agriculture ministry, […]

The post Interest Subvention Scheme For Farmers May Get Rs 21,000-Cr Outlay In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The fiscal deficit target for FY25 is likely to be pegged at 5.3 per cent of the gross domestic product (GDP) in the upcoming interim budget, suggests an analysis of multiple projections made by economists and forecasting agencies. Fiscal deficit is the difference between the total income of the government and the total […]

The post Interim Budget 2024-25: Govt May Target 5.3% Fiscal Deficit For FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

The initial trend in the third quarter results season reflects sustained year-on-year double-digit growth in aggregate revenue and net profit, driven by banking and finance companies. For a sample of 215 companies that have so far declared October-December results, revenue grew by 11.2%, while net profit rose by 14.2%. In the year-ago quarter, revenue expansion […]

The post Lenders, Finance Companies Power India Inc’s Double-Digit Profit Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI:  With private investment still muted, the government is likely to maintain its momentum on increasing capital expenditure, especially for the infrastructure sector in the upcoming Budget to propel economic growth. Post COVID-19, the Budget has been laying special emphasis on capex. It has kick-started a dormant cycle for the economy. As a result […]

The post Government Likely To Do Heavy Lifting, Capex To Increase first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Led by mining and highways, the Centre’s asset recycling drive to generate resources for fresh investments in infrastructure will likely yield around Rs 1.5 trillion in the current fiscal, the highest mop-up since the National Monetisation Pipeline (NMP) was rolled out in 2021-22. Transactions with aggregate monetisation values of around Rs 0.97 trillion […]

The post Asset Monetisation: Record Mop-Up Of Rs 1.5 Trillion Likely In FY24; Mining And Highways To Contribute Over Rs 1 Trillion first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas In Bangladesh, the recent Awami League (AL) victory in the 2024 parliamentary polls has left major world powers sharply divided and common people confused. Significantly, the none-too-unpredictable outcome has not left too many Bangladeshis noticeably jubilant, excepting ruling AL leaders. The comfortable margin of the AL’s victory has bought ruling Prime Minister […]

The post A Confident Sheikh Hasina Is Set To Combat West’s Political Pressure In Her Fresh Term first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The interim Budget for 2024-25 could peg India’s nominal GDP growth for the next financial year at 10.7% or thereabouts, going by the median of a poll of 15 economists. The estimates for nominal GDP growth for the next fiscal range from 9.5% to 11.3%, with most economists expecting the figure at 10.5%. […]

The post Budget May Peg Nominal Fy25 GDP Growth At 10.7 Percent: Economists first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Retail inflation for farm workers and rural labourers increased marginally to 7.71 per cent and 7.46 per cent in December compared to 7.37 per cent and 7.13 per cent, respectively, in November due to higher prices of certain food items.Food inflation stood at 9.95 per cent and 9.80 per cent in December 2023, […]

The post Retail Inflation For Farm Workers Rises To 7.71 Per Cent In December first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Foreign banks stepped up their purchases of Indian government bonds in January ahead of the country’s inclusion in global bond indices later this year. According to bond market dealers, the rise in demand for dated securities among foreign banks is also because of forward rate agreements (FRA) with insurance companies. “This is due to […]

The post Foreign Banks Lap Up Government Bonds Ahead Of India’s Index Inclusion first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Food regulator FSSAI CEO G Kamala Vardhana Rao on Friday stressed on adoption of bio-pesticides to ensure safety and quality of tea production. Food Safety and Standards Authority of India (FSSAI) CEO Rao addressed a gathering of tea growers and tea planters during an interactive session held on Friday in Kellyden, Assam. The […]

The post FSSAI Emphasises On Adoption Of Bio Pesticides In Tea Production first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Union Power Ministry has said that it will offer additional financial support to Discoms that are doing commendable work in reducing losses and installing smart meters. During the ongoing two-day review, planning and monitoring (RPM) meeting of the power sector, which commenced on January 18, the centre and states held deliberations on […]

The post Power Ministry To Offer Additional Financial Support To Progressive Discoms first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Union Cabinet on Thursday approved the creation of three senior official level posts for the 16th Finance Commission. In a statement, the government said that the Cabinet approved the creation of three posts at the level of Joint Secretary i.e. two posts of Joint Secretary and one post of Economic Adviser. “The newly […]

The post Cabinet Approves Three Joint Secretary Level Posts For Finance Commission first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra To consolidate its EBC, OBC and Dalit vote bank ahead of the upcoming Lok Sabha polls, the Nitish Kumar-led government in Bihar has passed a proposal to provide financial assistance of Rs 2 lakh each to more than 94 lakh families identified based on the recently conducted caste survey. A proposal […]

The post Nitish Govt Approves Sop For 94 Lakh EBC, OBC, Dalit Families first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India should sustain the strong growth momentum in the next financial year by securing at least a 7 per cent expansion in GDP while the headline inflation needs to align with the target of 4 per cent by the second quarter of FY25, as projected, said the Reserve Bank of India’s (RBI’s) state of […]

The post Inflation Needs To Align With Target By Second Quarter: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Telecom companies have urged the government to abolish the universal services obligation fund (USOF) levy, reduce licence fee, and bring in exemptions from Customs duty on import of telecom equipment and goods and services tax (GST). The Cellular Operators Association of India (COAI), which represents major telecom companies, has made the recommendations to […]

The post Run-Up To The Interim Budget: Lower Licence Fee, Customs Duty On Telcos’ Wish List first appeared on Latest India news, analysis and reports on IPA Newspack.