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By Dr.  Gyan Pathak Prices of vehicles on-road vary vastly across the states in India, which not only encourages evasion of taxes but also makes the process of compliance cumbersome. Varied taxes imposed by the states is the main reason for this distortion and it must be replaced by a uniform road tax regime in […]

The post Uniform Road Tax Across India Must For Uniform Vehicle Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

The central government has extended the reduced import duty regime for some of the key edible oils by a year as it makes interventions to keep food inflation in check. The reduced duty, which was set to end in March 2024, will continue till March 2025, an official notification from the government showed. The basic […]

The post India Extends Lower Import Duty On Edible Oils To Curb Food Inflation first appeared on Latest India news, analysis and reports on IPA Newspack.

The Centre plans to overhaul the iron ore pricing mechanism in the country, which could include linking domestically produced ore to prices on global indices and developing a national benchmark, in a bid to plug grade misclassifications and make pricing transparent and efficient. “It’s a step towards trying to resolve the average price and monthly […]

The post Iron Ore May Be Pegged To Global Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy If you have a political bent  opposed  to  the Prime Minister  you might just as well sniff a sort of complicity between the Narendra Modi government and the International Monetary Fund (IMF). Particularly in the context of the parliament incidence involving some youth protestors, clamouring for decent jobs, and the cavalcade of […]

The post IMF Report On Indian Economy Is Positive For Modi Government Before 2024 Lok Sabha Polls first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna Yemen’s Houthi rebels have carried out hijackings, missile strikes, and drone attacks on ships, leading Danish shipping and logistics company AP Moller-Maersk and German shipping and container transportation firm Hapag-Lloyd to temporarily suspend shipments via the Red Sea. The announcements made on Friday by AP Moller-Maersk and Hapag-Lloyd indicate that large companies […]

The post Yemen’s Houthi Rebels Attack On Ships Poses Threat To Trade Through Red Sea first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country’s resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities […]

The post FPIs Flood Indian Equity Markets, Infuse Rs 1.5 Lakh Crore In 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The restoration of statehood for Jammu and Kashmir, without the Union Territory of Ladakh, and an expected elected government by September, next year, come at a time when J&K has established its position as one of India’s top performing provinces in terms of economic growth. J&K’s state GDP is lately growing at […]

The post J&K Has Potential To Become One Of India’s Economically Strong States first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy The Indian stock market is looking like unstoppable, for now. The equity markets are scaling new heights and along with that, the investors are reaping riches. The BSE Sensex has increased by close to 1000 points in intra-day trading on Friday. The NSE index has climbed by close to 300 points. The […]

The post Steep Rise In Indian Stock Markets Is Based On Positive Outlook In Both Domestic And Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

Ayodhya in Uttar Pradesh is set to witness a huge rush of pilgrims on January 22 for the grand opening of the Ram Mandir – when a new idol of ‘Ram Lalla’ will be placed in the sanctum sanctorum or ‘garbhagriha’ of the temple. It’s a dream come true for many in the country. People […]

The post Ram Mandir official urges devotees to skip temple opening first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Breaking the seven-month-long deflationary streak, India’s Wholesale Price Index (WPI)-based inflation rate turned positive in November. The data released by the Ministry of Commerce and Industry on Thursday showed that the inflation in factory gate prices touched an eight-month high of 0.26 per cent in November, up from minus 0.52 per cent in […]

The post WPI Inflation At 8-Month High In November first appeared on Latest India news, analysis and reports on IPA Newspack.

Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices. Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen […]

The post After Bumper Years, Oil Demand Growth In Indian Market To Taper In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Global markets are abuzz with activity, with their spirits buoyed by the US Federal Reserve’s dovish pivot. With stock prices soaring, the 10-year US Treasury yield — a gauge of risk appetite — has dipped below 4 per cent and investors are recalibrating their expectations, anticipating more aggressive rate cuts than previously forecasted. The […]

The post Markets Soar On Dovish US Federal Reserve, Sensex Settles Atop 70,000 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) have crossed Rs 39,000 crore so far, which is over 90% of the target for the current financial year, boosting its non-tax receipts. The dividend receipts of Rs 39,086 crore so far in FY24 were over 11% higher than the corresponding period […]

The post Centre’s Dividends From CPSEs Cross 90% Of Annual Target first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy It was a contradiction in terms. One of the largest producers of fossil fuels, UAE, was hosting the UN talks on limiting use of such fuels to cut down CO2 emissions and thereby help keep earth’s temperature rise within the stipulated 1.5 degrees above pre-industrial levels.   At the end of the […]

The post COP28’s Agreed Document Is A Bundle Of Contradictions On Major Issues first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s steel mills have again held back on export offers, apart from the European Union, for three months now given stiff competition from China that continues to be 10-20 per cent lower-than-expected market rates. Mills here placed the last export offers at $660 per tonne (for benchmark hot rolled coils) against which the […]

The post Indian Steel Mills Continue To Hold Back Export Offers To South East Asia, Middle East In December, Green Shoots Seen In EU first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark equity indices declined in early trade on Wednesday amid a sluggish trend in Asian markets and cautious approach adopted by investors ahead of the US Fed interest rate decision. Also, retail inflation rising to a three-month high of 5.55 per cent in November added to the weak trend in equities. The 30-share BSE […]

The post Markets Trade Lower In Early Trade; US Fed Interest Rate Decision Eyed first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is no surprise that COP28 Dubai has proceeded the way it has. As member countries grappled with how to formalise and approach towards the most sensitive issue of fossil fuels, the climate summit had to be extended to try and work out a consensus. According to latest reports emerging the vibrant […]

The post COP28 May Have Avoided A Showdown, But Conflict Points Remain Largely Unresolved first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s retail inflation inched up to a three-month high of 5.6% in November from 4.9% in the previous month, while industrial production rebounded to a 16-month record of 11.7% in October, aided by a festive surge and a favorable base, official data released Tuesday showed. Interest rates are likely to stay where they […]

The post Retail Inflation At 3-Month High; Factory Activity Rebounds first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Fiscal prudence is the top priority of the government, but won’t compromise on social welfare, Finance Minister Nirmala Sitharaman said on Tuesday, while seeking the Lok Sabha’s nod for additional spending, including Rs 20,000 crore for the jobs guarantee programme, and Rs 16,300 crore for fertiliser subsidy in FY24. The lower house approved […]

The post Fiscal Prudence Top Priority, Economy On The Right Track: FM first appeared on Latest India news, analysis and reports on IPA Newspack.