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Heightened police activity outside the Congress party’s headquarters and chief Sonia Gandhi’s residence following the sealing of the offices of a company linked to the party’s leadership was an attempt to intimidate the opposition, Congress leaders said on Wednesday. “@INCIndia is under siege. Delhi police has surrounded our HQs, and homes of INC President & […]

The post Cong sees Herald House sealing as attempt to intimidate first appeared on IPA Newspack.

By K Raveendran Parliament has been witnessing a standoff between the government and the opposition over the issue of price rise and inflation, with the opposition demanding urgent debate on the issue and the Modi government showing the inclination to go to any extent, including suspension of over a scores of members belonging to the […]

The post Modi Govt Continues To Run Away From Vexed Inflation Issue first appeared on IPA Newspack.

By Sushil Kutty Destitution, bankruptcy, mass famine! Some rightwing folks desperate to see the back of Joe Biden are predicting this for America. They do not like the President’s “dementia” and are not hailing Speaker Nancy Pelosi for taking on the People’s Republic of China in its own backyard. One of them has come up […]

The post Price Rise Of Essential Commodities Has Led The Poor Gasping In India first appeared on IPA Newspack.

By Dr. Gyan Pathak Foodgrain crisis is set to further aggravate in India. Earlier, the heatwave conditions impacted the wheat crop leading to less production and procurement enforcing wheat export ban on May 13, and now deficit rainfall has caused a decline of rice cultivation by about 13 per cent so far. The shrinkage in […]

The post Foodgrain Crisis To Aggravate In India In The Coming Months first appeared on IPA Newspack.

By Dr. Gyan Pathak The number of hours worked in the world fell in the first quarter of 2022 and remained 3.8 per cent below the level of the fourth quarter of 2019 – and that is equivalent to the loss of 112 million full-time jobs. The latest ILO estimate has maintained that this represented […]

The post Labour Market Condition To Deteriorate Further Globally first appeared on IPA Newspack.

By Subrata Majumder RBI decision to permit rupee convertible in export and import is a precursor to make rupee an international currency.  Although the convertibility is limited to current account, RBI’s decision demonstrates India’s readiness to move forward for full convertibility. Essence of rupee convertibility is a challenge to the global economy by India’s strong […]

The post RBI’s Latest Decision Prepares Ground For Full Convertibility Of Rupee first appeared on IPA Newspack.

By K Raveendran A global crisis in the supply of lithium and other components is hitting the Indian EV industry even harder than other major markets. Apart from the high costs of imports, the relative low size of the Indian market is also affecting the industry’s capacity to negotiate. Although the EV sector in India […]

The post Global Supply Constraints Darken Indian EV Manufacturing Horizon first appeared on IPA Newspack.

By K R Sudhaman India’s Chief Economic Advisor V Anantha Nageswaran is of the view that India’s Inflation though beyond RBI’s band is not that big a source of worry as it is still much less than several advanced economies, some of whom have it in double digits. Inflation no doubt is a global phenomenon […]

The post Monetary Policy Is Not Adequate To Tame India’s Present Inflation first appeared on IPA Newspack.

By Dr. Gyan Pathak There is no secret now. Modi government has now brazenly said in the Parliament of India that the Centre has no plans to develop National Employment Policy (NEP). It has raised its veil from its true face on this issue ever since it came to power in 2014. Even till recently […]

The post Modi Government Turns Back On National Employment Policy first appeared on IPA Newspack.

By Sushil Kutty Raksha Mantri Rajnath Singh on Kargil Divas reiterated that Pakistan Occupied Kashmir (POK) will be returned to India, and that POK remains an integral part of India. We’ve heard this before, umpteen number of times, more and more after the Bharatiya Janata Party came to rule at the Centre. Prime Minister Narendra […]

The post Defence Minister Rajnath Singh’s Kargil Day Boasts Ring Hollow first appeared on IPA Newspack.

By Shreenivas Khandewale It is true that the whole world was engulfed by the adverse economic consequences of corona during 2020-21 and 2021-22 and that even during 2022-23, there are lingering effects of the pandemic. Most of the countries are suffering, as India does, from the economic dislocations in various sectors at various production points, […]

The post High Inflation And Rising Joblessness Are The Outcome Of Modi Govt Policies first appeared on IPA Newspack.

By Prakash Karat The rupee breached the 80 level versus the dollar for the first time amidst a widening trade and current account deficit.  The continuous decline in the value of the rupee is bound to increase inflationary pressures. This, coupled with already existing inflation and high unemployment, shows how the economy is being mismanaged […]

The post Centre Must Withdraw GST Rate Hikes, Scrap Cess On Petrol And Diesel first appeared on IPA Newspack.

By Ambuja Raj The Bharatiya Janata Party (‘BJP’) is widely denounced as an elite party most. justifiably so, as it has, through its two tenures of rule and much before that, engaged in the political sphere through a creedal backbone of Hindu, upper-caste interests. However, ever so often, the caste and class composition of BJP’s […]

The post Decoding Politics Of BJP In Making Droupadi Murmu As President Of India first appeared on IPA Newspack.

By Binoy Viswam The BJP government was enthusiastic to adorn the 75th year of independence with a high sounding name. Because of that, the people every day read and hear the term ‘Amritvarsh.’ The word suggests a year in which life would be victorious over death. As it happens with every ceremonious name coined by […]

The post Inflationary Pressure Is At Its Peak In India In ‘Amritvarsh’ Year first appeared on IPA Newspack.

By Anjan Roy For people life begins at forty. For the Indian rupee, life is beginning to be exciting at 80. The Indian rupee crossed the psychological barrier of 80 to a US dollar on Tuesday in trading on foreign exchange markets. On Wednesday, it recovered a wee bit. Now, it is becoming exciting to […]

The post Rupee Touching Rs. 80 Per US$ Is On Line With Global Developments first appeared on IPA Newspack.

By K Raveendran Amidst global supply chain disruptions and the attendant cost escalations, there is some encouraging news for India’s merchandise trade. Oversupply of containers is forcing a correction in the second-hand container market prices in the wake of average container prices and leasing rates declining globally since October 2021. The current situation of oversupply […]

The post Falling Global Freight Rates Bring Respite To India’s Foreign Trade first appeared on IPA Newspack.

By K R Sudhaman Prime Minister Narendra Modi said recently that India is the fastest growing economy at the moment. Statistics wise it may be true as other countries are doing badly. But the question to be asked is India’s growth story a myth or reality? On the face of it Indian economy may look […]

The post Sri Lanka’s Economic Collapse Has Big Lessons For Indian Policy Makers first appeared on IPA Newspack.