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US bankruptcy filings surged by 18 per cent in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level seen before the outbreak of Covid-19. Total bankruptcy filings — encompassing commercial and personal insolvencies […]

The post US Bankruptcies Surge 18%, More In Store: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sudhir The Israel Defence Forces (IDF) have announced that the military operations in Gaza will continue throughout 2024. Israeli prime minister Benjamin Netanyahu, has repeatedly stated that the war in Gaza will continue till the Hamas is totally finished. He has also stated that Israel will control the Gaza border with Egypt which […]

The post Israel Is Seeking To Cleanse Gaza Of Palestinians Through Unending Bombings first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s merchandise exports this financial year will touch last year’s levels despite shipments contracting 6.5% year-on-year in the first eight months and slowdown in global trade, Commerce and Industry Minister Piyush Goyal said Wednesday. “Globally growth has been negative, international trade is in the negative territory, estimates are that this year international trade […]

The post Goods Exports To Touch Last Year’s Level In FY24 Despite Global Slowdown: Goyal first appeared on Latest India news, analysis and reports on IPA Newspack.

Former Andhra Pradesh Chief Minister and TDP national president N Chandrababu Naidu launched a scathing attack on Chief Minister Jagan Mohan Reddy asserting that the YSRCP chief is the primary source of distress for the state. Naidu accused the ruling party leaders of transforming into demons and plundering the state. The TDP chief further stated […]

The post Naidu blames CM Jagan Mohan for Andhra’s woes first appeared on Latest India news, analysis and reports on IPA Newspack.

ISLAMABAD: Cash-strapped Pakistan is expected to get USD 700 million as the next tranche of the bailout from the IMF as the Executive Board of the global lender meets on January 11, according to a media report on Tuesday. The board of the Washington-based International Monetary Fund is set to deliberate and potentially grant final […]

The post Pakistan Likely To Get $700 Million From IMF As Next Tranche Of Bailout This Month: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The Supreme Court verdict in the keenly-awaited petitions against the adequacy of the SEBI probe into the charges against the Adani group is neither convincing nor conclusive. A bench headed by Chief Justice D Y Chandrachud has given the market regulator another three months to complete its investigations. The court has also […]

The post Supreme Court’s Adani Case Verdict Fails To Inspire Confidence To Detractors first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) on Tuesday proposed to tighten norms for dividend declaration by banks as it lowered the net non-performing asset (NPA) ratio for a lender to be eligible for paying dividends. In a draft circular released on Tuesday, the RBI said it would not entertain any ad hoc dispensation on […]

The post Reserve Bank Of India Seeks To Lower NNPA Of Banks For Paying Dividends first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: With buoyant revenues likely ensuring that the 5.9% fiscal deficit target is met in the current financial year, the Centre may target to bring it t down to 5.2% in FY25, while sticking with the medium-term glide path for 4.5% deficit by FY26. However, this would entail compression of the revenue deficit, more […]

The post Interim Budget To Stick With Glide Path, FY25 Fiscal Deficit Target Likely At 5.2 Percent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In the free-trade negotiations that India is involved in, it may end up giving up more than what it can gain, trade policy think tank said on Tuesday citing a recent study. Even in labour-intensive sectors where New Delhi is seeking parity with competitors from the developing world, it may face disappointments, the […]

The post India To Continue Giving More Under FTAs Than It Musters: Study first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: From Hindustan Unilever to ICICI Bank, HDFC Bank and Eicher Motors, almost all the big names of India Inc and thousands, if not lakhs, of smaller GST taxpayers have received tax demand on the eve of new year as authorities sought to meet the five-year deadline to raise claims, literally burning the midnight […]

The post GST Department Goes On Tax Demand Overdrive first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The plans to increase buoyancy in tax collections, widening the tax base and increasing the compliance by taxpayers seem to have been aided by the new income tax (IT) regime in the current financial year. However, experts feel a few more tweaks in the tax rates in the forthcoming interim Budget could make […]

The post More Than 60 Per Cent Of Taxpayers Adopt New I-T Regime first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The audit and non-services offered by the Big Four network and other firms to their clients are under the lens of the National Financial Reporting Authority (NFRA), the regulator for listed and large unlisted companies in the country. The issue has been flagged in several of the inspection reports that have been released […]

The post Services Of Audit Companies Under Lens Of NFRA first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The share of the private sector in new investment projects rose amid a slowing pace of government investments in the December quarter. But the value of new investment projects declined sharply by 78% on year to Rupees 2.1 trillion. The Centre front-loaded its budget capex in the early part of the current financial […]

The post New Capex Announcements Plunge 77 Per Cent To Rupees 1.9 Trillion In December Quarter first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In order to give a push to the economy, the government has relaxed norms governing public expenditure exceeding Rs 500 crore during the fourth quarter (January-March) of the current financial year. Instructions to this effect were issued by the finance ministry through an office memorandum last week. The relaxation, according to a memorandum, […]

The post Govt Relaxes Norms Governing Public Expenditure Exceeding Rs 500 Crore For Q4 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) stood at Rs 43,843 crore as of January 1, crossing the 2023-24 budget estimate (BE) of Rs 43,000 crore, giving further comfort on the fiscal front. The dividend receipts of Rs 39,086 crore so far in FY24 were 26% higher than the […]

The post Centre’s Dividends From CPSEs Exceed FY24 Budget Target first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products. The production of mobile phones, the poster boy of the country’s electronics manufacturing, is […]

The post Electronics Manufacturing Sector To Be Worth $115 Billion In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

Coal India Ltd (CIL) has lined up massive plans to ramp up its mining capacity, while also roping in the private players in a big way as mine development operators (MDOs). The state-run miner, which reported elevated capex consistently over the last several years, will keep the pace in the coming years as well, with […]

The post Coal Production Target For FY25 Is Set At 850 MT: CIL CMD first appeared on Latest India news, analysis and reports on IPA Newspack.

Disbursements by power-focused infrastructure companies are expected to surpass Rs 2.9 trillion in 2023-24 (April-March), aided by substantial capital expenditure in the power sector and improving balance sheets, CareEdge Ratings said in a report. Disbursements were at Rs 2 trillion in 2022-23. This growth in disbursements is likely to enable such infrastructure finance companies to […]

The post Power Finance Firms’ Disbursements To Top Rs 2.9 Trillion In FY24: Report first appeared on Latest India news, analysis and reports on IPA Newspack.