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NEW DELHI: The Indian economy has witnessed a profound positive transformation in the last 10 years, Finance Minister Nirmala Sitharaman said on Thursday. Sitharaman in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, said the people of India are looking ahead to the future with hope and […]

The post Indian Economy Witnessed Profound Positive Transformation In Last 10 Years: Finance Minister first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Narendra Modi and Amit Shah’s latest masterstroke might have gone awry, as their operation “destroy INDIA bloc” seems to have caused blowback and impaired their own interest. In their quest to project themselves as adroit political Svengalis, they have harmed their own cause more than inflicting damage to the Congress. Their lending […]

The post Undeterred By Nitish-Modi, Rahul Marches Ahead For Mission 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The International Monetary Fund (IMF) on Tuesday raised India’s growth forecast for FY25 to 6.5%, from 6.3% projected earlier, saying domestic demand resilience will help carry forward growth momentum, while lifting its global economic outlook as well. “Growth in India is projected to remain strong at 6.5% in 2024 and 2025, with an […]

The post IMF Sees Higher India Growth Of 6.5 Per Cent Next Fiscal 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 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.

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.

NEW DELHI: Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and equipment under the New Holland brand, […]

The post CNH Plans To Invest Up To $50 Million In India first appeared on Latest India news, analysis and reports on IPA Newspack.

In a bold assertion, Union Minister Shantanu Thakur, in West Bengal claimed that the Citizenship (Amendment) Act (CAA) would be implemented across India by next week. Addressing a meeting of booth workers in South 24 Parganas district’s Kakdwip on Sunday, the Bharatiya Janata Party (BJP) leader said in Bengali, “I can guarantee that in the next […]

The post Union minister says CAA implementation in a week first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: North Block is expected to lower its fiscal deficit target meaningfully in FY25, in line with the post-Covid consolidation roadmap, but the Centre’s gross debt sales will likely remain at this FY’s record levels despite New Delhi expectedly slowing the pace of investments in capital assets. A slower pace of capital expenditure – […]

The post Govt May Prune FY25 Fiscal Gap Target To 5.3-5.4% On Slower Capex 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 Rahil Nora Chopra The politics of Bihar is taking a big twist at the moment, and it seems that CM Nitish Kumar has begun to script a new chapter in Bihar politics and he could dump INDIA alliance and rejoin the Bharatiya Janata Party-led National Democratic alliance. In this context, Bihar CM Nitish Kumar, […]

The post Chief Minister Nitish Kumar May Join BJP Led NDA Next Week Along With JD(U) 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.

NEW DELHI: India Inc wants government to keep up the momentum on public spending to boost demand and step up disinvestment and asset monetisation to keep public finances in order. “India is at an important inflexion point and given the current global developments and associated headwinds, the government should continue to lay major thrust on […]

The post Government Must Keep Up Capital Expenditure Momentum, Says India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Delhi-NCR witnessed a sharp 42 per decline in demand for warehouse and industrial spaces last year on high base effect and lower new supply, according to Colliers. The gross leasing of Grade-A industrial & warehousing spaces fell to 5.1 million square feet in 2023 from 8.8 million square feet in the previous year. […]

The post Demand For Industrial, Warehousing Spaces In Delhi, NCR Falls 42 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

Nitish Kumar will be sworn in as Chief Minister of Bihar for a seventh time on Sunday with support from the Bharatiya Janata Party, his on-again-off-again ally, sources told NDTV Friday, as the churn in the state’s political landscape spins to a conclusion. For its backing, the BJP will get two Deputy Chief Minister berths, […]

The post Nitish likely to be sworn in CM Sunday with BJP support first appeared on Latest India news, analysis and reports on IPA Newspack.