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NEW DELHI: The interim Budget for 2024-25 could peg India’s nominal GDP growth for the next financial year at 10.7% or thereabouts, going by the median of a poll of 15 economists. The estimates for nominal GDP growth for the next fiscal range from 9.5% to 11.3%, with most economists expecting the figure at 10.5%. […]

The post Budget May Peg Nominal Fy25 GDP Growth At 10.7 Percent: Economists first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Retail inflation for farm workers and rural labourers increased marginally to 7.71 per cent and 7.46 per cent in December compared to 7.37 per cent and 7.13 per cent, respectively, in November due to higher prices of certain food items.Food inflation stood at 9.95 per cent and 9.80 per cent in December 2023, […]

The post Retail Inflation For Farm Workers Rises To 7.71 Per Cent In December first appeared on Latest India news, analysis and reports on IPA Newspack.

The International Energy Agency (IEA) on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC’s expectations. The Paris-based agency’s forecast, its third consecutive upward revision in as many months, predicts that global oil consumption will rise by 1.24 million barrels per […]

The post IEA Raises 2024 Oil Demand Forecast Again, This Time By 180,000 bpd first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India should sustain the strong growth momentum in the next financial year by securing at least a 7 per cent expansion in GDP while the headline inflation needs to align with the target of 4 per cent by the second quarter of FY25, as projected, said the Reserve Bank of India’s (RBI’s) state of […]

The post Inflation Needs To Align With Target By Second Quarter: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India, in the 13th ministerial conference (MC13) of the World Trade Organisation (WTO) in February, will push for fast-tracking its demand for a solution on public stockholding for food grains, over negotiations on other agriculture-related issues. “The public stockpiling of food grain is the longest-pending issue. Promise was made by the members in […]

The post India To Push For Public Stockholding Of Food Grains At WTO MC13 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Telecom companies have urged the government to abolish the universal services obligation fund (USOF) levy, reduce licence fee, and bring in exemptions from Customs duty on import of telecom equipment and goods and services tax (GST). The Cellular Operators Association of India (COAI), which represents major telecom companies, has made the recommendations to […]

The post Run-Up To The Interim Budget: Lower Licence Fee, Customs Duty On Telcos’ Wish List first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s crude oil imports from Saudi Arabia may pick up modesty after the kingdom cut the official selling price of its key export grade for February, but the demand for discounted Russian Urals is still seen surpassing that for the oil from Saudi Aramco. Analysts feel any lartge additional buying of Saudi crude […]

The post Saudi Price Cuts Unlikely To Dent Indian Demand For Urals 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.

DAVOS: Union minister Hardeep Singh Puri on Tuesday asserted that India can become a five trillion dollar economy much before 2028 and said the country’s energy transition needs to be done in an orderly manner to safeguard the interests of its large population. Puri, the minister for petroleum and natural gas as well as housing […]

The post India Can Become $5 Trillion Economy Much Before 2028: Hardeep Singh Puri 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.

DAVOS: Affirming that the fight against price rise is not yet over, IMF’s Gita Gopinath on Tuesday said interest rates are likely to stay higher than during the period immediately after the global financial crisis. There are expectations though that it will come down sometime this year, the International Monetary Fund’s First Deputy Managing Director […]

The post Interest Rates To Stay Higher, Battle Against Inflation Not Yet Over: Gita Gopinath first appeared on Latest India news, analysis and reports on IPA Newspack.

Public sector banks are rushing to issue bonds in the coming weeks, capitalising on lower government bond yields that have made borrowing cheaper while tight liquidity and robust credit growth are spurring lenders’ demand for funds to meet loan needs. State Bank of India is set to kick off domestic bond issuances for 2024 with […]

The post SBI, BoB Among PSBs Pushing Bond Issues first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava BSP chief Mayawati continues to be an enigma. Till Monday morning, she was sending out signal to the leaders of INDIA bloc, especially to SP chief Akhilesh Yadav, that she was ready to ride the bandwagon of INDIA. But by noon she made a volte-face and shocked the opposition leaders by saying […]

The post Mayawati’s Somersault Aims At Boosting Poll Prospects Of BJP first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak India is facing rising industrial concentration in just five hands, and is enriching billionaires, private equity funds, and crony capitalists driving unprecedented level of inequalities and poverty among people. Dalits are facing high and unaffordable out-of-pocket fees in the private healthcare sector, financial exclusion in the private healthcare sector, and overt […]

The post India Faces Rising Industrial Concentration In Just Five Hands: Oxfam first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s wholesale price index (WPI)-based inflation rate rose to a nine-month high of 0.73 per cent in December, mainly due to an increase in prices of food articles, data released by the ministry of commerce and industry showed on Monday. This is the second consecutive month that the wholesale inflation rate had remained […]

The post Higher Food Prices Push WPI Inflation To 9-Month High In December 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.

With just a week left for “Pran Pratishtha” of Ram Lalla in Uttar Pradesh’s Ayodhya, several Congress leaders, including its Uttar Pradesh chief Ajay Rai and MP Deepender Hooda took a holy dip in the Saryu River amid chants of “Siyavar Ramchandra Ki Jai” on the occasion of Makar Sankranti. The visit by these Congress […]

The post Cong leaders take dip in Saryu, say Ram belongs to all first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reliance Industries Ltd is seeking a minimum USD 10 rate for the gas it plans to produce from coal seams, as it altered its pricing formula to reflect the changed energy scenario. Reliance has sought bids from users for 0.90 million standard cubic meters per day of gas it will produce from coal-bed […]

The post Reliance Seeks Minimum USD 10 For Coal Seam Gas 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.

Hours after Congress released a statement refusing to attend the consecration ceremony of Ram Temple in Ayodhya on January 22, many of its alliance partners, including Rashtriya Janata Dal (RJD), Samajwadi Party (SP), and Trinamool Congress (TMC), too announced their ‘inability to attend’ the event. Terming the day “Chunav Navami” and RSS-BJP’s ‘political gimmick’, the […]

The post Cong dubs Ayodhya consecration event as ‘Chunav Navami’ first appeared on Latest India news, analysis and reports on IPA Newspack.