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NEW DELHI: The Union government’s total expenditure on explicit subsidies – food, fertiliser and LPG – is likely to drop 28% to Rs 3.98 trillion in the current fiscal year, from Rs 5.49 trillion in FY23. This is due to the softening of global prices of soil nutrients and the termination of the extra grains […]

The post Explicit Budget Subsidies To Drop 28% To Rs 4 Trillion In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s manufacturing activity declined to its lowest level in 18 months in December, pulled down by weaker increase in factory orders and output, according to a private survey released Wednesday. The HSBC India purchasing managers’ index of manufacturing eased further to 54.9 in December compared with 56 in the previous month. However, the […]

The post Factory Activity Hits 18-Month Low In December On Weaker Order Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: With buoyant revenues likely ensuring that the 5.9% fiscal deficit target is met in the current financial year, the Centre may target to bring it t down to 5.2% in FY25, while sticking with the medium-term glide path for 4.5% deficit by FY26. However, this would entail compression of the revenue deficit, more […]

The post Interim Budget To Stick With Glide Path, FY25 Fiscal Deficit Target Likely At 5.2 Percent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) stood at Rs 43,843 crore as of January 1, crossing the 2023-24 budget estimate (BE) of Rs 43,000 crore, giving further comfort on the fiscal front. The dividend receipts of Rs 39,086 crore so far in FY24 were 26% higher than the […]

The post Centre’s Dividends From CPSEs Exceed FY24 Budget Target first appeared on Latest India news, analysis and reports on IPA Newspack.

Coal India Ltd (CIL) has lined up massive plans to ramp up its mining capacity, while also roping in the private players in a big way as mine development operators (MDOs). The state-run miner, which reported elevated capex consistently over the last several years, will keep the pace in the coming years as well, with […]

The post Coal Production Target For FY25 Is Set At 850 MT: CIL CMD first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty Watch out. Will Maharashtra Lok Sabha elections throw up surprises? The state dangles like a ripe fruit for the taking. Everybody is just waiting. The alliances, they seem they’re many. What happened to the Maha Vikas Aghadi, and did the BJP and the Shinde Shiv Sena combine have a name before Ajit […]

The post INDIA Bloc Has Lot Of Issues To Sort Out For Arriving At An Agreement In Maharashtra first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October 2023) and 4.30 per cent during […]

The post Retail Inflation For Industrial Workers Rises Marginally To 4.98 Per Cent In November first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The finance ministry on Friday exuded confidence that the economy will “comfortably achieve” a growth rate upwards of 6.5% in FY24, as it expected the robust economic activity being witnessed in the third quarter of FY24 to continue through the March quarter as well. In an economic review for the first half of […]

The post Finance Ministry Confident Of 6.5 Per Cent Plus Growth In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy Economic forecasting is always hazardous. It is more so in the current scenario. There are always any number of uncertainties about the future. But currently these are multifarious. No one really knows, including the dramatis personae, what will happen in the next week, let alone in course of the coming year. Take […]

The post New Year 2024 May Witness Far More Turmoil In Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Despite heavy odds and global crises, India showed remarkable resilience to keep inflation under control, Prime Minister Narendra Modi has said, exuding confidence that the BJP was a “natural choice” for the people and will form a majority government for a third time in a row in 2024. In an interview with newsmagazine […]

The post India On Road To Becoming Developed Country By 2047, Says PM Modi first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is election year for the Indian economy and the footnote to the robust economic performance would pinpoint the risks of freebies and subsidy politics impacting growth. The pressures are expected to pinch hard from mid-year onwards as the drivers of growth would shift gears down by at least a couple of […]

The post India Set To Clock Highest Growth Rate In 2024 Among Major Economies first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Bangladesh wants India to remove the anti-dumping duties on certain jute product imports. India extended these duties for a five-year period in January this year but New Delhi is not keen to do so, sources have said.. The neighbouring country is also trying to stop India from attempting to impose countervailing or anti-subsidy […]

The post Bangladesh Wants India To Remove Anti-Dumping Duties On Jute Products first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The global oil and gas industry is bracing for a year of significant changes in 2024, marked by a complex mix of supply concerns and economic pressures. In the past year, Brent crude, the international benchmark, experienced a notable decline from its summer highs. This trend was largely driven by an increase in […]

The post 2024 Forecasts A Tumultuous Journey For Global Oil And Gas first appeared on Latest India news, analysis and reports on IPA Newspack.

Backed by government spending on infrastructure, building, and construction, domestic steel demand is expected to remain strong in 2024. Realisations in the domestic market are expected to remain strong, even though imports could remain elevated. Eports will remain stretched across key markets, beyond Europe, in view of the global slowdown in demand. Market sources peg […]

The post Strong Domestic Steel Demand Expected In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sudhir The year 2023 ends with the dark shadow of the genocidal massacre of Palestinians in Gaza by the Israeli war-machine. Nearly three months of Israel’s brutal aggression has led to (till December 26) 20,915 people killed in Gaza, of which more than 8,000 are children; another 53,918 have been wounded and an […]

The post 2023 Going On 2024, The Great Battles Against Injustice Ahead first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Kumar Shrivastav MicroStrategy’s unwavering commitment to Bitcoin, evident in its recent $615 million purchase and overall holdings of $5.9 billion, has ignited a fiery debate. While supporters applaud CEO Michael Saylor’s visionary leadership, critics like Peter Schiff paint a picture of reckless obsession. MicroStrategy’s Bitcoin obsession is a complex phenomenon driven by a […]

The post Bitcoin Obsession: Conviction Or Recklessness? first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The shipping industry is keeping its fingers crossed till the Gaza-Houthi triggered crisis in Red Sea-Suez Canal areas lasts. The duration of the current situation is what matters. A temporary disturbance – a perceived bump in the road – and the industry may cope. But, if it lasts, with container vessels forced […]

The post Global Shipping Industry Hostage To Red Sea-Suez Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Strong domestic demand, supported by government spending on infrastructure, building and construction segments, is expected to keep India’s steel imports elevated around the 6 million tonne (MT) mark this financial year even as the global steel industry battles a slowdown, according to rating agency Crisil. Global steel demand, which has been subdued since […]

The post Firm Domestic Demand To Keep India’s Steel Imports Elevated In 2023-24: Crisil first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In a move that seems to be testing waters before the final decision, the Securities and Exchange Board of India (Sebi) on Friday issued a consultation paper on instant settlement of funds and securities as an optional T+0 settlement cycle in two phases. In Phase 1, it will be implemented for trades taken till […]

The post SEBI Proposes Optional Instant Settlement In Two Phases first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: All six members of the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) expressed caution over food inflation during the December review, while two external members warned about high real interest rates as headline inflation approaches its target of 4 per cent. The central bank continued to maintain the status quo on both […]

The post MPC Members Voice Concern Over Food Inflation Trajectory, Show Minutes first appeared on Latest India news, analysis and reports on IPA Newspack.

New Delhi: Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and 6.92 per cent for farm workers and rural labourers, respectively, according to an […]

The post Retail Inflation For Farm Workers Rises In November first appeared on Latest India news, analysis and reports on IPA Newspack.