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Finance Minister Nirmala Sitharaman on Monday ruled out any relaxation to the existing terms for the borrowing capacity of state governments, including Kerala for 2023-24. Kerala has requested the Centre to allow an additional borrowing equivalent to 1% of Gross State Domestic Product (GSDP) over and above the borrowing ceiling fixed for 2023-24. In a […]

The post No Relaxation In Borrowing Limits For Kerala, Other States: Finance Minister first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s consumption of Liquefied Natural Gas (LNG) is expected to rise further in the coming months on the back of growing demand from the fertiliser and power industries, analysts say. Anticipated lower spot LNG prices will further add to this growth. “Our current forecast for December, January, and February averages at 76 MMcm/d, with an […]

The post LNG Consumption, Imports Seen Rising As Prices Ease first appeared on Latest India news, analysis and reports on IPA Newspack.

DigiFT, a leading digital assets exchange, has attained regulatory clearance from the Monetary Authority of Singapore (MAS) to administer collective investment schemes and engage in secondary-market trading. This endorsement from MAS signifies a pivotal advancement for DigiFT, enabling the platform to diversify its financial services and extend its presence within the dynamic digital assets sector. The granted approval for collective investment schemes empowers DigiFT to facilitate the […]

ThunderSub.com, a pioneering platform in digital finance, has announced its expansion into the United Arab Emirates and Saudi Arabia. The launch is spearheaded by Doctor Troller, one of the world’s top NFT artists, known for his disruptive art and remarkable success in the crypto realm.  ​​This launch signifies a new chapter in cryptocurrency transactions, offering a unique blend of luxury, convenience, and security in these vibrant markets, […]

The Enforcement Directorate (ED) has received a notarised copy of an 11-page statement from Subham Soni, one of the prime accused in the Mahadev online betting app case that originated from Chhattisgarh. Soni, who is allegedly one of the promoters of the betting app, is currently in Dubai. The statement reached the ED last month […]

The post ED procures statement about Baghel role in Mahadev app scam first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government has firmed up a plan to remove the bar on personal guarantors to transfer or dispose of their assets under the insolvency resolution process, according to an official source. This is despite the Supreme Court upholding the constitutionality of the moratorium. The move by the ministry of corporate affairs (MCA) is […]

The post Quicker Action On Assets Of Personal Guarantors Soon first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Domestic rating agency Icra on Monday said the Indian IT sector’s revenue growth will inch up to over 6 per cent in 2024-25 from 3-5 per cent estimated for the ongoing financial year. The slower growth will have an impact on the hiring plans, the agency said, adding that staff addition will continue […]

The post IT Sector Growth To Inch Up To 6 Per Cent In FY25, Hiring To Be Moderate For 3 Quarters: ICRA first appeared on Latest India news, analysis and reports on IPA Newspack.

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NEW DELHI: State-owned BSNL is looking to deploy at least 4% of its total staff strength of around 54,000 on enhancing enterprise services, company sources said. Currently only 1.8% of the staff are deployed for the purpose. This is because BSNL has seen a fall in revenue from the enterprise business in the last two […]

The post BSNL To Sharpen Focus On Enterprise Business first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India’s corporate bond market is expected to more than double from Rs 43 trillion in Financial Year 2022-23 (FY23) to Rs 100-120 trillion by FY 2030, said a report by CRISIL Ratings on Monday. The market is expected to expand at a compound annual growth rate (CAGR) of 9 per cent over the years. […]

The post Corporate Bond Market Set To Double By FY2030 At Rs 100 Trillion: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The greater scrutiny of proposals from countries sharing land borders with India particularly China since 2020 has not impacted the interest of investors. Applications seeking approval for over Rs 1 trillion investments have been filed since these curbs were imposed, and almost half of them got approved, a senior official said. In 2020, […]

The post FDI Interest From China Strong Despite 2020 Fiat first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: More than seven years after the launch of pan-India digital wholesale agri-marketing platform or electronic National Agriculture Market (e-NAM), purchase from farmgate trade has finally taken off across several states. Farmers are selling commodities on the platform without physically transporting it to the mandis. Using farm-gate module, farmers in 11 states including Andhra […]

The post Inter-Mandi eNAM Trade Up 188 Per Cent In April-November On Low Base first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Direct tax receipts will likely show a robust performance for the third year in a row post-pandemic, giving enough space to the Centre to keep the fiscal deficit within the targeted limit. This is despite additional spending expected on food, fertiliser and job guarantee programmes, and a lower than expected growth in nominal […]

The post Gross Direct Tax May Surpass Budget By Over Rs 1 Trillion first appeared on Latest India news, analysis and reports on IPA Newspack.

New Delhi: State-owned Coal India Limited (CIL) is set to boost its coal transportation network by completing several railway projects by 2025, aiming to increase its coal evacuation capacity in response to the country’s energy demand. Among the projects, the Tori-Shivpur New BG Double line, running 43.70 km, has been operational since December 2019 and […]

The post Coal India To Ramp Up Coal Transport Capacity With New Railway Lines By 2025 first appeared on Latest India news, analysis and reports on IPA Newspack.

Anti-incumbency, non-delivery of promises, overplaying the Telangana sentiment, corruption charges and overconfidence define how the ruling Bharat Rashtra Samithi (BRS) lost Telangana for the first time since the inception of the state in 2014. Since its formation, BRS, formerly known as the Telangana Rashtra Samithi (TRS), has fought elections while capitalising on the Telangana sentiment. […]

The post Voters were miffed with BRS over jobs, housing, corruption first appeared on Latest India news, analysis and reports on IPA Newspack.

TOKYO, JAPAN – Media OutReach – 4 December 2023 – Urawa Red Diamonds (Urawa Reds), a leading football club in the Japan League, has announced a landmark venture into the digital asset space through a collaboration with Minkabu, leveraging the advanced blockchain technology provided by THXNET. This initiative represents a significant stride in integrating innovative digital solutions in sports. Minkabu, renowned for its financial information media services […]

HONG KONG SAR – Media OutReach – 4 December 2023 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”; SEHK stock code: 06979. HK), the fourth largest private-owned baijiu enterprise in China, is pleased to announce its inclusion in the FTSE Global Equity Index Series (GEIS), of them four indices are FTSE All World Index, FTSE Global All Cap Index, […]

Arabian Post Staff Dubai International Financial Centre (DIFC) announced the launch of its Sustainable Finance Catalyst to mark COP28’s Finance Day. DIFC’s Sustainable Finance Catalyst, which will be part of COP28’s legacy, aims to unlock opportunities and create impact beyond the conference. Building on DIFC’s position as the first global sustainable finance hub in MEASA, DIFC’s Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai […]

By K R Sudhaman Government statistics released this week paint a rosy picture of the Indian economy with GDP growth clocking 7.6 per cent in the second quarter of this financial year 2023-24 on the back of strong manufacturing sector. This also strengthens India’s position as the fastest growing major economy, a position held by […]

The post Growth Data For This Fiscal’s Second Quarter Has Many Encouraging Signs first appeared on Latest India news, analysis and reports on IPA Newspack.

A total of 19 bills and two financial items are likely to be taken up for debate at the upcoming winter session from December 4 to 22. These will include legislation to replace the colonial-era Indian Penal Code, Criminal Procedure Code and Evidence Act, and bills to extend provisions of the women’s reservation law in […]

The post Legislation to replace IPC, CrPC among 21 items for winter session first appeared on Latest India news, analysis and reports on IPA Newspack.

Matein Khalid It is no coincidence that the yield on the 10 year US Treasury note plunged 60 basis points to its current 4.34% and the US Dollar index slumped to 103.40 as successive benign October inflation data and dovish central banker comments has led to a pivot in Wall Street interest rate expectations, with the consensus now projecting two rate cuts at the March and May 2024 FOMC […]

By Harihar Swarup As the polls for five Assemblies elections are over— and Rajasthan and Telangana have become unexpectedly exciting, with the Congress putting up a fight—it’s time to capture some broad trends. What is striking are the areas where consensus is now developing across parties, and one of them is the need to provide […]

The post State Assembly Polls Showed Congress And BJP Competing On Granting More Freebies first appeared on Latest India news, analysis and reports on IPA Newspack.

Unleashing Potential, Embracing Success HONG KONG SAR – Media OutReach – 1 December 2023 – With the aim of nurturing corporate innovation and inspiring elites from diverse industries to uphold the spirit of breakthrough and innovation, BUSINESS INNOVATOR organized the “2023 Most Innovative Solutions Award” to recognize companies and institutions that have made remarkable contributions and demonstrated unparalleled innovation across various industries. The awards ceremony and dinner […]

Local non-profit organisations Children’s Wishing Well, Club Rainbow (Singapore), Fei Yue Family Service Centre and Glyph Community received a cash donation of S$100,000 during the launch of ‘Page to Page: Amazon Singapore Books Pop Up’ at Punggol Regional Library. SINGAPORE – Media OutReach – 2 December 2023 – (NASDAQ: AMZN) – In a celebration of literary joy and community impact, Amazon Singapore launched ‘Page to Page: Amazon […]

By Dr. Gyan Pathak UN Climate Change Conference – United Arab Emirates (November 30 – December 12, 2023), popularly known as COP28, has begun with first major milestone on the day-one, by delivering a historic agreement that made the Fund operational, which was agreed upon during COP27 last year. The agreement was reached by parties […]

The post COP28 Has Begun With First Major Milestone Generating Great Hope first appeared on Latest India news, analysis and reports on IPA Newspack.

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