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By Anjan Roy The interim budget presented on February 1 is a hopeful document, pinning its faith on the continued buoyancy of the Indian economy. At the outset, the finance minister, Nirmala Sitharaman, should be complimented for presenting the shortest and a crisp budget speech, instead of a meandering one of at least one and […]

The post Sitharaman’s Interim Budget 2024-25 Is Focused And Future-Centric first appeared on Latest India news, analysis and reports on IPA Newspack.

While BJP leaders called the Interim Budget 2024-25 “encouraging” and “empowering”, opposition leaders expressed disappointment calling it an “anti-people budget”. The key highlights of the Interim Budget 2024-25 include “no changes” to the taxation system — both direct and indirect — including import duties. FM Sitharaman said that the “target is to reduce the fiscal […]

The post Opposition calls Interim Budget 2024-25 as ‘anti-people’ first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday said there are no changes in tax rates for direct and indirect taxes, including import duties. She also said the number of tax filers has swollen 2.4 times and the direct tax collection has trebled since 2014. The processing time of tax returns has been reduced from […]

The post No Changes In Tax Rates For Direct, Indirect Taxes: FM first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s core sector grew at its slowest pace in 14-months in December at 3.8% from 7.9% in the previous month due to base normalisation and slowing activity in crude oil production and electricity generation, official data released Wednesday showed. The eight core industries that account for 40% of the index of industrial production […]

The post At 3.8%, Core Sector Growth Hit 14-Month Low In December first appeared on Latest India news, analysis and reports on IPA Newspack.

By K R Sudhaman The interim budget 2024-25 presented ahead of the General elections in April-May is slightly different from previous interim budgets in the sense it made no major tax announcements keeping in line with the convention. What is significant is that the budget speech was short, less than an hour, and that it […]

The post Pre-Election Interim Budget 2024-25 Smacks Of Confidence Of Modi Govt first appeared on Latest India news, analysis and reports on IPA Newspack.

NSE Nifty was up by 0.03 per cent or 5.95 points to 21,731.65 points, while the BSE Sensex was at 71,806.44 up by 0.04 per cent or six points. A total of 3,820 stocks were actively traded, 1,722 advanced, while 1,962 declined and 136 stocks remained unchanged where 397 stocks hit a 52 week high […]

The post Markets Show Resilience Post-Budget; Mixed Sectoral Performance first appeared on Latest India news, analysis and reports on IPA Newspack.

CHENNAI: After India created history through Chandrayaan-3’s soft landing on the moon last year, the booming private sector space industry in the country is pinning hopes on this year’s interim Budget. The sector is upbeat that the Centre will open up foreign direct investment (FDI), introduce a production-linked incentive (PLI) scheme and give goods and […]

The post Private Sector Space Players Seek Govt Relief On FDI And GST Exemption first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has sought investment commitments from Switzerland under the proposed free trade agreement with the four-nation EFTA bloc, a top government official said on Tuesday. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The official also said negotiations for the pact are at an advanced stage and both […]

The post India Seeks Investments From Switzerland first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Companies are bracing for further litigation, questioning the methodology used by the National Anti-Profiteering Authority (NAA), while arguing that the agency did not look at the overall costs before seeking a price cut in cases where GST or the total indirect tax was lowered. On Monday, the Delhi High Court had upheld the […]

The post Companies Gear Up For Litigation On GST Anti-Profiteering Clause first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Listed private sector banks reported a 23.8 per cent year-on-year (YoY) growth in net profit at Rs 43,543 crore in the third quarter of Financial Year 2023-24 (Q3 FY24) on, gaining from high credit offtake and fall in costs. Sequentially, however, profits sharply moderated with just 1.8 per cent growth compared to Q2 FY24 […]

The post Private Banks’ Profit Jumps 24% On High Offtake, Lower Credit Cost first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving about Rs 70,000 crore from the central bank and the financial institutions (FIs) in the next financial year. In the interim Budget to be unveiled in the Lok Sabha on February 1 […]

The post Government May Set Higher Dividend Target In Budget first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty South Carolina’s Republican voters have to decide between Nikki Haley and Donald Trump. But where Nikki is “liked”, Donald is “loved”. And therein lies the rub for Haley, for whom winning her home state is a matter of prestige. However, prestige stands no chance against prejudice. South Carolina’s conservatives, the majority of […]

The post For Nikki Haley, Her Maha Battle Will Be Fought Against Trump In Her Own State first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas In recent weeks, Nepal has taken several major steps to firm up its faltering economy during the difficult post Ukraine war period. In the process, two of its recent decisions in terms of their diplomatic impact, can be perceived as a reminder to giant neighbours India and China, that Kathmandu prefers to […]

The post Nepal Balancing Well Its Economic Relations Between China And India first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Indian economy is likely to achieve a growth rate of 7% in fiscal year 2025 after growing at or above 7% in 2023-24, driven by resilient domestic demand despite risks and uncertainties in the global economic landscape, according to a review of the economy unveiled on Monday. It also said India can […]

The post India Can Aspire To Be $7 Trillion Economy By 2030: Review first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Inside Rajbhawan in Patna, the three storied building in Palladian form built by the New Zealand architect, has been witness to the crude form of intrigue during last four days. While Nitish Kumar was taking oath of chief minister for ninth time in succession, outside the palatial structure, just beneath the statute […]

The post After JD(U) Exit, INDIA Bloc Has To Adapt A Fresh Strategy To Take On BJP In Bihar first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nitya Chakraborty The order issued by the International Court of Justice (ICJ) on January 26 asking Israel to stop genocide of Palestine people is a development of major significance in the battle of the peace-loving people of the world demanding the end of the war between Israel and Palestine in Gaza. The nearly four-month-old […]

The post India Must Call On Israel To Stop Genocide In Gaza And Opt For Ceasefire first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has identified electronics, engineering goods, textiles, marine & agriculture, toys and pharmaceuticals as the six sectors that could help the country achieve almost 70% of its $1-trillion goods export target by FY30. As per a study by the commerce and industry ministry, these sectors could clock around $670 billion of exports by […]

The post Electronics, Engineering Goods Among Six Focus Sectors For $1 Trillion Exports Target first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The deterioration in recent weeks of the security situation in the Red Sea, where Yemen-based Houthi militia in support of Palestine have disrupted global trade by launching drone and missile attacks on vessels, is posing a geopolitical risk to LNG prices. It has now been more two months since the first attack […]

The post Deterioration In Red Sea Situation Threatens LNG Trade Flows, Drags Prices Down first appeared on Latest India news, analysis and reports on IPA Newspack.

In his fifth flip-flop in a decade, Nitish Kumar has resigned as Bihar Chief Minister after days of political speculation. Kumar met Bihar Governor Rajendra Arlekar this morning and handed over his resignation. The Governor has asked Mr Kumar to continue as caretaker Chief Minister till a new government is in place. “I have resigned […]

The post Nitish Kumar resigns to return as NDA chief minister first appeared on Latest India news, analysis and reports on IPA Newspack.

By Annie Domini The much-awaited order from the International Court of Justice (ICJ) at The Hague in the case of genocide by the State of Israel against the Palestinian people in the Gaza Strip, brought before the world court by the Republic of South Africa, came out on 26 January 2024 and it’s crystal clear: […]

The post World Court Tells Israel To Stop Its Genocide Of Palestinians first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava While the maverick Bihar chief minister Nitish Kumar is set to part with INDIA bloc posing question about the future of the alliance in the state, the top leaders of alliance held a mini-INDIA meet in Tamil Nadu pledging to defeat the BJP. Displaying the adroitness of the INDIA bloc, Tamil Nadu […]

The post Nitish Kumar May Part With INDIA Bloc To Join NDA, But His Image Has Got A Big Hit first appeared on Latest India news, analysis and reports on IPA Newspack.