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NEW DELHI: Ahead of the Lok Sabha elections this year, the Government may double the insurance cover under its flagship Ayushman Bharat health scheme to Rs 10 lakh to ensure that serious diseases like cancer and transplants that entail more expenditure are supported by it. Plans are also afoot to include Kisan Samman Nidhi recipients, […]

The post Government May Double Insurance Cover Under Ayushman Bharat To Rs 10 Lakh first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty The Congress has appointed YS Sharmila, the party chief of Andhra Pradesh. But Sharmila, who is the politically estranged sister of Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, has a rather weak Andhra Pradesh unit of the Congress to fight her brother Jagan, who in turn is fighting anti-incumbency as well […]

The post Sharmila-Led Congress Throws A Big Challenge To Jagan Reddy first appeared on Latest India news, analysis and reports on IPA Newspack.

Congress MP Shashi Tharoor on Monday predicted that the Bhartiya Janata Party (BJP) will emerge as the single-largest party in the upcoming Lok Sabha 2024 elections. He, however, said the BJP can be stopped from achieving the feat by significantly bringing down its seat tally and forcing its allies to lose confidence in the National […]

The post Sashi Tharoor predicts BJP will emerge as single-largest party first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Consumer price index-based inflation, the main yardstick for the Reserve Bank of India’s policy making, is likely to average 4.5 per cent in the next financial year and gross domestic product (GDP) growth is likely to stay above 7 per cent, Governor Shaktikanta Das said on Wednesday. “At this stage, our expectation is that […]

The post CPI Inflation To Average 4.5% In Fy25, Growth To Top 7%: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A precipitous decline in shares of HDFC Bank, the most heavyweight component of the Nifty and the Sensex, on Wednesday, triggered the worst day for the domestic markets in nearly a year and a half. The Sensex closed at 71,501, shedding 1,628 points or 2.2 per cent, marking the most significant decline since June […]

The post HDFC Bank Slide Triggers Worst Day For Market In Last 18 Months first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre will impose a 50 per cent export duty on molasses from January 18 to ensure adequate domestic quantities for ethanol blending and keep inflation in check.  At present molasses attract zero export duty. Traders said the government has also decided to keep the current import duties on edible oils (crude and […]

The post Govt Imposes 50% Export Duty On Molasses; Extends Lower Duty On Edible Oils first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The domestic insurance sector is on course to log in over 7 per cent annual growth over the next decade and the premium income is likely to double to around USD 450 billion by financial year 2033-34, an industry report said on Tuesday. The total premium income will more than double over the next […]

The post Insurance Sector Premium Income To Double By FY34 To Around $450 Billion: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Prime Minister Narendra Modi’s controversial inauguration of Ram Temple in Ayodhya on January 22 will also mark the beginning of BJP’s campaign for Lok Sabah General Election 2024. Religious events, including fetching large number of Hindu devotees to Ayodhya Ramlala Darshan free of cost for the next two months, will be […]

The post Political Impact Of Ram Mandir Inauguration Will Not Be Pan India first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) governor, Shaktikanta Das, said on Tuesday that retail inflation is slowly moderating and is steadily moving towards the target of 4 per cent. During a fireside chat at the World Economic Forum in Davos, Das stated that core inflation has started to move down, which gives confidence that […]

The post Inflation Moderating, Steadily Moving Towards 4% Target: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: A significant majority of Indian chief executive officers (CEOs) are of the opinion that the Indian economy will witness improvement over the next 12 months, as the country reclaimed its fifth position as an investment destination, according to a survey. According to PwC’s 27th Annual Global CEO Survey, 86% of Indian CEOs express […]

The post Indian CEOs Optimistic About Country’s Economic Growth: Survey first appeared on Latest India news, analysis and reports on IPA Newspack.

Fitch has affirmed India’s sovereign rating at ‘BBB-’ with a stable outlook citing a robust medium-term growth outlook and sound external finances. The agency, however, flagged the country’s weak public finances as the “largest constraint” to the rating. The rating agency revised its growth projection for FY24 to 6.9% from the 6% forecast earlier. Fitch […]

The post Fitch Affirms India Rating At ‘BBB-’ With Stable Outlook first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s trade deficit in December narrowed to a three-month low of $19.8 billion amid an import slowdown due to falling commodity prices. Merchandise exports during the month grew 0.97 per cent over a year earlier to $38.45 billion, contrary to the trend of a slowdown so far this financial year, showed data released […]

The post Trade Deficit Falls To Three-Month Low Of $19.8 Billion In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government will take a decision after September on the existing import management system on certain IT hardware products such as laptops and tablets after evaluating the import data, which it is monitoring, an official said. In October last year, India put in place an import management system under which importers of these […]

The post Post September Decision On Import Management System For Laptops, Tablets After Evaluating Data first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The new year’s best news for India, is that the Saudi Arabia-led Organisation of Petroleum Exporting Countries (OPEC) is fast losing its grip on the market with a number of countries willing to offer prices even lower than those fixed for Russian crude. Saudi Arabia itself has cut down crude oil prices […]

The post Lower Global Oil Demand And Price Will Benefit India In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nitya Chakraborty The World Economic Forum (WEF), the organization of big global CEO’s and neo liberal think tanks has expressed its concern at the impact of the use of Artificial Intelligence (AI) indiscriminately in the industries of the countries, both developed and developing. The random use of the latest human intelligence technology will be […]

The post Artificial Intelligence Has To Be Adapted Selectively To Protect Jobs first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Uncertainty in Global labour market is likely to continue while unemployment is set to rise in 2024. Growing inequality and stagnant productivity will also be cause of concern on the economic front, especially at a time when the global economy is on track for the slowest half-decade of growth in 30 […]

The post Uncertainty In Labour Market To Continue, Unemployment To Rise In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) monetary policy action may be credited for reducing core Consumer Price Index (CPI) inflation in the recent months, but a sub-4% core print also denotes weak demand conditions in the country at an aggregate level, say economists. Curiously, this is also a bit at odds with the RBI’s […]

The post Sub-4 Per Cent Core Inflation Betrays Weak Demand Conditions first appeared on Latest India news, analysis and reports on IPA Newspack.