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NEW DELHI: More than 33 per cent of India’s constituent units, the states and Union Territories with legislature, have projected their debt to cross 35 per cent of their respective gross state domestic product (GSDP) at the end of 2023-24. Twelve states — Arunachal Pradesh, Bihar, Goa, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, […]

The post Twelve Of 31 States, UTs Project Debt More Than 35% Of GSDP At FY24 End first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s economy would grow 6.7 per cent in Financial Year 2023-24 (FY24), said Asian Development Bank (ADB) on Wednesday, raising the estimate from 6.3 per cent it made in September. The lender revised its estimate based on India’s higher-than-expected gross domestic product (GDP) growth, of 7.6 per cent, in the second quarter of […]

The post ADB Raises India FY24 Growth Forecast To 6.7%, Cites Industry Performance 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) have crossed Rs 39,000 crore so far, which is over 90% of the target for the current financial year, boosting its non-tax receipts. The dividend receipts of Rs 39,086 crore so far in FY24 were over 11% higher than the corresponding period […]

The post Centre’s Dividends From CPSEs Cross 90% Of Annual Target first appeared on Latest India news, analysis and reports on IPA Newspack.

The Group’s user community avoided 116,577 tonnes of carbon emissions in four goods categories in 2022, the equivalent to 5.3 million trees absorbing CO2 per year. SINGAPORE – Media OutReach Newswire – 14 December 2023 – Carousell Group, the leading multi-category platform for secondhand in Greater Southeast Asia, released its inaugural Circular Economy Impact Report on 8 December 2023, showing that buying and selling secondhand items is […]

Tabreed, the world’s leading district cooling company, announced the successful closure of its inaugural AED 600 million Green Revolving Credit Facility (RCF) in partnership with First Abu Dhabi Bank (FAB) as the Green Coordinator, alongside Abu Dhabi Commercial Bank (ADCB), and Emirates NBD. This groundbreaking financing agreement, spanning five years, aligns seamlessly with Tabreed’s overarching sustainability strategy. The facility is designed to introduce highly efficient cooling solutions […]

The latest core banking platform will enable Lesha Bank to dramatically increase the speed to market of innovative Shari’a-compliant investment opportunities GENEVA, SWITZERLAND – EQS Newswire – 14 December 2023 – Temenos (SIX: TEMN) (www.Temenos.com) today announced that Lesha Bank, an investment bank based in Qatar has migrated to the latest Temenos core banking platform to enhance its wealth management and investment banking services. The move enables […]

The Summit drew participation with representatives from 27 nations HONG KONG SAR – Media OutReach Newswire – 14 December 2023 – The MIPIM Asia Summit, a premier property event in the Asia Pacific region, concluded on a high note, surpassing all expectations on attendance and business connections with representatives from 27 nations. The event, held on 5 and 6 December 2023 at the prestigious Grand Hyatt in […]

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This partnership aims to enhance financial research and market insights across emerging global markets. New York, NY, United States – December 14, 2023 — Quasar Markets, an AI-powered fintech research platform, announced its partnership with Dragon List Global, a company focused on a variety of emerging market industries worldwide including finance, energy, healthcare, economic development, education, and commerce. This strategic partnership, led by Quasar Markets’ long-time collaborator […]

Arabian Post Staff The members of the , have selected Saudi Arabia’s Minister of Finance Mohammed Aljadaan will be the new Chair of the International Monetary and Financial Committee (IMFC), the policy advisory body of the Board of Governors of the International Monetary Fund (IMF). The term is for three years. Aljadaan will succeed Ms. Nadia Calviño, Spain’s First Vice President and Minister for Economic Affairs and […]

MUMBAI: Benchmark equity indices declined in early trade on Wednesday amid a sluggish trend in Asian markets and cautious approach adopted by investors ahead of the US Fed interest rate decision. Also, retail inflation rising to a three-month high of 5.55 per cent in November added to the weak trend in equities. The 30-share BSE […]

The post Markets Trade Lower In Early Trade; US Fed Interest Rate Decision Eyed first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is no surprise that COP28 Dubai has proceeded the way it has. As member countries grappled with how to formalise and approach towards the most sensitive issue of fossil fuels, the climate summit had to be extended to try and work out a consensus. According to latest reports emerging the vibrant […]

The post COP28 May Have Avoided A Showdown, But Conflict Points Remain Largely Unresolved first appeared on Latest India news, analysis and reports on IPA Newspack.

The Maharashtra government intends to implement the Old Pension Scheme (OPS) before the state elections in 2024, deputy chief minister Ajit Pawar, who also holds the finance portfolio, has told the Legislative Council of the assembly. The statement comes amid state government officials calling for yet another protest to demand implementation of OPS. Pawar, during […]

The post Ajit Pawar promises return to Old Pension Scheme before polls first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre is expecting savings of at least Rs 30,000 crore from its budgeted Rs 1.3 lakh crore assistance to states for capital expenditure in 2023-24, as the states have faltered in using the sanctioned amount, said people with knowledge of the matter. The Centre has released Rs 60,104 crore under the Special […]

The post Government Eyes Rs 30,000 Crore From Capex Scheme first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Fiscal prudence is the top priority of the government, but won’t compromise on social welfare, Finance Minister Nirmala Sitharaman said on Tuesday, while seeking the Lok Sabha’s nod for additional spending, including Rs 20,000 crore for the jobs guarantee programme, and Rs 16,300 crore for fertiliser subsidy in FY24. The lower house approved […]

The post Fiscal Prudence Top Priority, Economy On The Right Track: FM first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI)’s decision to revise the guidelines on connected lending may have been prompted by instances of lenders not complying with rules on loans to companies, experts believe. Bankers said innovative structuring of loans may have resulted in a breach of the regulations. They pointed out that several business houses […]

The post Banks’ Non-Compliance Likely Triggered Connected Lending first appeared on Latest India news, analysis and reports on IPA Newspack.

SINGAPORE – Media OutReach Newswire – 13 December 2023 – FOMO Pay, a Singapore-based digital payment leader, has joined forces with Zand Bank, the UAE’s first digital bank, in a strategic partnership to facilitate seamless cross-border payments between the dynamic markets of Asia and the Middle East and North Africa (MENA). This collaboration aims to enhance cost-effectiveness and time efficiency in B2B cross-border transactions, providing businesses with […]

The modern world is constantly changing with new innovations in every industry, many of which can change and affect the daily lives of every individual. Bend, OR, United States – December 12, 2023 /MarketersMEDIA/ — Fortress Tax Relief is at the forefront of adapting to change as the IRS implements Artificial Intelligence (AI) to identify and pursue individuals and businesses with significant past due taxes. In response to […]

Safehouse announces its newest foray into the world of trading education, focusing on leveraging institutional knowledge to upskill retail traders in technical analysis. Alongside this, the brand adds a thrilling dimension by concurrently running a Lamborghini Super Trofeo racing team. Singapore – December 12, 2023 — Trading has often been perceived as an exclusive domain where a selected few have the advantage of institutional insights. Bridging this […]

NEW DELHI: The Reserve Bank of India has urged the Finance Commission to consider recommending “an increased share of conditional transfers” to the state governments, based on reforms, quality of expenditure and fiscal sustainability. This, it said, would help harness healthy competition across the states, and strengthen the fiscal consolidation drive. The RBI‘s comments comes […]

The post Make More Transfers To States Conditional: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

The Indian economy is growing leaps and bounds and despite the global geopolitical challenges, the country remains a bright spot for investors globally. According to recent report by GlobalData, a total of 920 VC funding deals were announced in India during January-October 2023, registering a decline of 38.6 percent in comparison to the 1,499 VC […]

The post India Continues To Be Seen As A Bright Spot For Global Investment Opportunities first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The National Statistical Commission (NSC) is examining the working group report on the roadmap for introducing the Producer Price Index (PPI) in India to replace the Wholesale Price Index (WPI) and their recommendations are awaited, a senior official said Monday. “The working group submitted the report some time back. It (the entire issue […]

The post India May Switch From WPI To New Index first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A move by Reliance General Insurance (RGICL), a subsidiary of Reliance Capital (RCap), to transfer its 25% stake to a Hinduja group company has hit a roadblock following objections raised by the insurance regulator. In October, Hinduja group had sought Insurance Regulatory and Development Authority of India‘s (Irdai’s) permission to transfer about 25% equity […]

The post Hinduja’s Stake Transfer Plan Hits IRDAI Roadblock first appeared on Latest India news, analysis and reports on IPA Newspack.

K Raveendran GCC countries could become more vulnerable to the economic and financial impacts of physical risks from climate change over the next few decades if investments in adaptation and resilience stagnate, Standard & Poor’s said in a report. According to the report titled Sustainability Insights Research: Lost GDP: Potential Impacts Of Physical Climate Risks, on average, about 8% of the GCC region’s GDP could be at […]

Field Chief Technology Officer to lead an expanded organization supporting ViewQwest enterprise customers in network and security transformation. SINGAPORE – Media OutReach Newswire – 12 December 2023 – ViewQwest, award-winning Telecommunications and Managed Security Services Provider (MSSP), announced the appointment of Lee Mun Fai as Field Chief Technology Officer (CTO). The move underscores ViewQwest’s commitment to delivering innovative, fit-for-purpose solutions and maintaining service excellence amidst the rapid […]

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