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NEW DELHI: Finance Minister Nirmala Sitharaman set a target for raising Rs 50,000 crore through divestment receipts and monetisation of public assets in the financial year 2024-25. However, the government, for the first time, did not reveal the specific target for divestment for the next fiscal year. The receipts from asset monetisation, along with proceeds […]

The post Interim Budget: Disinvestment, Monetisation Target Set At Rs 50,000 Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

Industry leaders and leading tax consultants have expressed surprise over non-extension of the sunset date of the concessional tax rate of 15% on new manufacturing units beyond March 31, 2024 in the interim Budget, as this may discourage fresh private investments, say experts. “Considering the continuing need to incentivise manufacturing in India and the support […]

The post Non-Extension Of 15 Per Cent Tax For New Manufacturing Units May Discourage Fresh Investments first appeared on Latest India news, analysis and reports on IPA Newspack.

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.

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.

By Dr. Gyan Pathak Interim Union Budget 2024-25 for railways neither generated much hope for betterment of railways operations nor services to its commuters, though Union Finance Minister Nirmala Sitharaman has announced three major economic railway corridor programmes to be implemented, and 40,000 normal bogies to be converted to the Vande Bharat standard. The budget […]

The post Interim Budget 2024-25 Does Not Generate Much Hope For Railways 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 Dr. Gyan Pathak INDIA bloc was ‘betrayed’ in Bihar by JD(U) leader and Chief Minister Nitish Kumar, the very person who initiated for its formation to take on PM Narendra Modi and the BJP. Nitish Kumar gave justification in Patna for his action saying that “not everything was alright” and he “tried to make […]

The post Congress Emerges Politically And Morally Stronger On The Election Eve 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.

MUMBAI: Drawing from a viral meme, Kumar Mangalam Birla, chairman of the Aditya Birla Group, on Monday said the Indian economy’s vibrant energy is ‘looking like a wow’. A deeply impactful pulse of confidence in the nation is palpable, the billionaire said in his new year message, adding that the meme captures the “unparalleled nature” […]

The post Indian Economy Is ‘Looking Like A Wow’: K M Birla first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Banks are unlikely to get any respite from declining current account-savings account (CASA) ratio in the first half of the current calendar year. Bankers do not expect any improvement in CASA ratio in near term as high interest rates on fixed deposits will keep attracting funds from current and savings accounts. “The gap between […]

The post Banks’ CASA Ratio To Remain Stressed first appeared on Latest India news, analysis and reports on IPA Newspack.

They are both from Other Backward Castes (OBC), both entrenched in Bihar politics. But one is almost 20 years younger with a relatively clean slate. The other is 72-year-old Lohia-ite who has politically swung four times to stay relevant and is now popularly called ‘Paltu Ram’ on social media. The similarities and contrasts between 55-year-old […]

The post A possible BJP answer to Nitish Kumar in 2025 Bihar elections first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna As a fallout of French President Emmanuel Macron’s visit to India as the Chief Guest at the country’s 75th Republic Day celebrations on January 26 this year, India and France have agreed to bolster their collaboration in the defence and aerospace sectors, finalizing the Indo-French defence industrial roadmap and many other equally […]

The post Macron-Modi Talks Give A Big Boost To High Tech Collaboration In Defence, Space 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.

NEW DELHI: Walmart group firm Flipkart continues to dominate the e-commerce segment with 48 per cent market share while Softbank-backed Meesho has emerged as the fastest growing e-commerce platform in terms of user base in India, a latest report by AllianceBernstein said. According to the report, Flipkart’s user base grew 21 per cent year-on-year (YoY), […]

The post Flipkart Leads E-Comm Market With 48% Share, Meesho Fastest Growing Platform: Bernstein 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.

By Dr. Gyan Pathak Pre-election Interim Union Budget 2024-25 may not be expected to be different than one of the kinds that was tabled in 2019 by the PM Narendra Modi led government when the Union Government did to restrict itself only to passage of the vote on account, but went beyond to announce spectacular […]

The post Pre-Election Interim Union Budget 2024-25 May Surprise Workforce first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty Amidst the happenings in Bihar where Nitish Kumar is doing what he does best, i.e., lodge a new government with another coalition partner with himself remaining Chief Minister of the remodelled dispensation, which is more like a reshuffle than an overthrow or a change of government, comes an allegation from none other […]

The post How Serious Is Kejriwal Charge That BJP Is Trying To Bribe AAP MLA’s Of Delhi? first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and the UK will likely sign an agreement in early February to spurt flow of London-based patient capital funds the burgeoning infrastructure sector of the world’s fifth largest economy. India is aiming for $5-10 billion inflows in the initial phase to establish a proof of concept in project financing for investors to […]

The post India Looks To Tap London Funds For Infrastructure Investment first appeared on Latest India news, analysis and reports on IPA Newspack.

Murshidabad has an air of rebellion about it. This is the historical place that has been marked by the famous rebellion of Nawab of Bengal Siraj ud-Daulah against the British though he was betrayed and killed. This is also one of the last citadels of the Congress in the state. And Berhampore in Murshidabad district […]

The post Adhir relishes TMC snapping ties with Cong first appeared on Latest India news, analysis and reports on IPA Newspack.