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NEW DELHI: Defence Minister Rajnath Singh will leave on Monday for a two-day visit to London, underscoring India’s growing defence relations with the United Kingdom (UK). He will be accompanied by a high-level Ministry of Defence (MoD) delegation, comprising senior officials from the Defence R&D Organisation (DRDO), service headquarters and the Department of Defence Production. […]

The post Rajnath Singh To Talk Defence Production In A Two-Day Visit To London first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Friday, following gains in IT, tech and capital goods shares amid fresh foreign capital inflows. After slipping briefly during the late afternoon trade, the 30-share BSE Sensex made a quick recovery and jumped 178.58 points or 0.25 per cent to […]

The post Markets Extend Gains On Foreign Fund Inflows first appeared on Latest India news, analysis and reports on IPA Newspack.

By Harihar Swarup As Bangladesh prepares for its 12th parliamentary polls on January 7, speculation abounds on the impact of the election outcome on Dhaka’s relationship with Delhi. From historic landmarks such as the 2015 land boundary agreement to lows during 2001-2006, when a coalition led by the current Opposition party, the Bangladesh Nationalist Party […]

The post India Needs To Impart Dynamism To Its Bilateral Ties With Bangladesh first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Strong demand from both international and domestic markets spurred services sector activity to a three-month high in December, according to a private survey released Friday. The HSBC India Services Purchasing Managers’ Index ended 2023 at 59, higher than the previous month’s reading of 56.9, as per the survey conducted by S&P Global. PMI […]

The post Services Activity Accelerates To Three-Month High In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The United Nations World Economic Situation and Prospects Report 2024 on Friday revised India’s gross domestic product (GDP) growth estimate for the 2024 calendar year to 6.2 per cent, compared to 6.7 per cent earlier. The report stated: “Economic growth in India is projected to remain strong at 6.2 per cent in 2024, […]

The post UN Report Revises India’s GDP Projection Downward To 6.2 Per Cent For 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Market regulator Securities and Exchange Board of India (Sebi) Friday told institutional investors to disclose all short-sell transactions upfront at the time of placing an order. The regulator, however, permitted retail investors to make a similar disclosure by the end of the trading hours on the transaction day. Short-selling is the sale of a […]

The post Institutional Investors Should Disclose Short-Sell Transactions Upfront: SEBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government will focus on the existing PLI schemes for 14 sectors and for the time being is not considering to include new sectors like toys in the programme, a top official said on Thursday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the Production-Linked […]

The post PLI Schemes For New Sectors Not Being Considered At Present: DPIIT Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In line with the global funding winter, deal-making involving domestic firms hit a three-year low after falling 51 per cent to $83.8 billion in 2023, saved by the mega-merger of HDFC twins — the biggest deal in India Inc’s history till date, according to an industry report. Excluding the $60.4-billion HDFC Bank-HDFC merger, year-on-year […]

The post M&A Activities Plunge 51% To $83 Billion In 2023 Amid Funding Winter: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Prabhat Patnaik Argentina’s new president Javier Milei proposes to use US dollars as the currency of his country, while abolishing its central bank altogether. What is involved in this proposal is not just maintaining a fixed exchange rate between the dollar and the domestic currency, but an abolition of the domestic currency altogether. The […]

The post Dollarisation Programme Of Argentina Will Impose Additional Burden On Its Workers first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s merchandise exports this financial year will touch last year’s levels despite shipments contracting 6.5% year-on-year in the first eight months and slowdown in global trade, Commerce and Industry Minister Piyush Goyal said Wednesday. “Globally growth has been negative, international trade is in the negative territory, estimates are that this year international trade […]

The post Goods Exports To Touch Last Year’s Level In FY24 Despite Global Slowdown: Goyal first appeared on Latest India news, analysis and reports on IPA Newspack.

ISLAMABAD: Cash-strapped Pakistan is expected to get USD 700 million as the next tranche of the bailout from the IMF as the Executive Board of the global lender meets on January 11, according to a media report on Tuesday. The board of the Washington-based International Monetary Fund is set to deliberate and potentially grant final […]

The post Pakistan Likely To Get $700 Million From IMF As Next Tranche Of Bailout This Month: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Prime Minister Narendra Modi laid the foundation stone of important petroleum and natural gas projects worth more than Rs 9,000 crore on Tuesday. The two projects dedicated to the nation include Indian Oil Corporation Ltd’s (IOCL) 488-km-long natural gas pipeline from IP101 (Chengalpet) to IP 105 (Sayalkudi) section of Ennore-Thiruvallur-Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin Pipeline, and Hindustan […]

The post PM Lays Foundation Stone Of Petroleum & Natural Gas Projects Worth Over Rs 9,000 Crore In Tamil Nadu first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government has relaxed curbs for shifting of used IT hardware goods like laptops and desktops by a company in special economic zones (SEZs) to outside these duty free-enclaves or domestic tariff areas. SEZs are treated as deemed foreign territory for customs laws and bringing goods from these zones into the domestic tariff […]

The post Norms Eased For Shifting Of Used IT Hardware Goods From SEZs To Domestic Tariff Areas first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Ministries of mines, steel and the department for promotion of industry and internal trade (DPIIT) will set up an internal mechanism to monitor the export of steel and aluminium products at concessional duties to the US, an official said. Indian exports of these products were earlier attracting additional duties in the US, as […]

The post Mechanism To Monitor Steel, Aluminium Products Export At Concessional Rates To US In The Making first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In the free-trade negotiations that India is involved in, it may end up giving up more than what it can gain, trade policy think tank said on Tuesday citing a recent study. Even in labour-intensive sectors where New Delhi is seeking parity with competitors from the developing world, it may face disappointments, the […]

The post India To Continue Giving More Under FTAs Than It Musters: Study first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nitya Chakraborty The year 2023 has ended with two big wars and a few local conflicts including one in Myanmar bordering India. While the world was looking for the end of war in Ukraine during 2023, a new war with much severe death toll began in Gaza strip of Palestine in October 2023 giving […]

The post Global Politics May Witness Further Shift To Right And Authoritarianism In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The world is finally recognizing India’s economic strength and its fast-growing market size. Going by the overall development trend, the economy is capable of growing close to 10 percent annually over the next several years. In 2023-24, the economy may reach a growth rate of seven percent. Both domestic and foreign investors […]

The post Surging Demand, Rising Investment Put India’s Economy On Top Gear first appeared on Latest India news, analysis and reports on IPA Newspack.