Category: World

NEW DELHI: The government has proposed increasing the investment of eight state-owned power companies by nearly 14 per cent to Rs 67,286.01 crore during financial year 2024-25. This compares to an investment of Rs 59,119.55 crore for the current financial year under revised estimate. The annual investment by these eight power sector firms for the […]

The post Public Sector Power Companies Investment To Rise 14 Per Cent first appeared on Latest India news, analysis and reports on IPA

KOLKATA: Several industry captains on Thursday lauded the interim budget, stating that it will support the country’s economic growth and enhance investors’ sentiments. ITC Ltd Chairman and MD Sanjiv Puri said the budget demonstrates India’s confidence as an economy of substance and immense promises. “The budget builds on the extraordinary vision of the prime minister […]

The post Interim Budget To Support Growth, Enhance Sentiment: Industry Captains first appeared on Latest India news, analysis and reports on IPA Newspack.

WASHINGTON: The US has announced a steep increase in fees for various categories of non-immigrant visas like the H-1B, L-1 and EB-5, the most popular among Indians. The fee hike, first after 2016, will come into force from April 1. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers […]

The post US Hikes H-1B, EB-5 Visas Fees first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak “Our Prime Minister firmly believes, we need to focus on four major castes,” said Union Finance Minister Nirmala Sitharaman in her Interim Union Budget 2024-25 speech – Garib (poor), Mahilayen (women), Yuva (youth), and Annadata (Farmer). Their needs, their aspirations, and their welfare are our highest priority, she claimed. However, in […]

The post Workforce, Women, And Youth Met A Raw Deal In The Interim Union Budget first appeared on Latest India news, analysis and

By Satyaki Chakraborty The European Union nations which talk of liberty and democracy and consider themselves as superior to others including the US in terms of protection of human rights have shown their true colour in the current Israel-Hamas war which is continuing for nearly four months. More than 27,000 people have been killed by […]

The post Europe Acts As Lackey Of Washington As Gaza Killings Cross 27,000 first appeared on Latest India news, analysis and reports on

By Sushil Kutty After Hemant Soren, will it be the turn of Arvind Kejriwal. Both of them Chief Ministers who became targets of the Enforcement Directorate. The Jharkhand Chief Minister got arrested and had to resign. Hemant Soren says he will fight to win; fighting words, but the writing is on the wall. Problem is, […]

The post Will Arvind Kejriwal Be The Next On The Pattern Of Hemant Soren? first appeared on Latest India news, analysis and reports

By Girish Linganna The interim Budget 2024 has not made mention of any measure or recommendation to address the very serious bottleneck that has been gripping India’s maritime trade for weeks now—the Red Sea crisis! This crisis is also known as the United States-Iran proxy war that began on October 19, 2023, when the Houthis […]

The post 2024-25 Budget Is Silent On India’s Maritime Preparedness To Deal With Red Sea Crisis first appeared on Latest India news, analysis

NEW DELHI: When Union Finance Minister Nirmala Sitharaman rose to present the Interim Budget on Thursday, it was an open question as to whether it would focus on consolidating the gains made in recent years on fiscal consolidation, or move towards full-throated populism in anticipation of general elections in the next few months. The answer […]

The post FM Sitharaman’s Interim Budget Is High On Confidence, Not On Populism first appeared on Latest India news, analysis and reports on

NEW DELHI: Finance Minister Nirmala Sitharaman set a target for raising Rs 50,000 crore through divestment receipts and monetisation of public assets in the financial year 2024-25. However, the government, for the first time, did not reveal the specific target for divestment for the next fiscal year. The receipts from asset monetisation, along with proceeds […]

The post Interim Budget: Disinvestment, Monetisation Target Set At Rs 50,000 Crore first appeared on Latest India news, analysis and reports on IPA

With an ambitious goal of becoming a $5-trillion economy, India is at the crossroads of massive transformation. The Government of India’s visionary Viksit Bharat@2047 initiative augers well for the nation that could not be more ready to become a developed powerhouse by the centenary of India’s independence. The Interim Budget 2024 is aligned with the […]

The post Interim Budget: Focus On Infrastructure Growth Sets Stage For Viksit Bharat first appeared on Latest India news, analysis and reports on

Industry leaders and leading tax consultants have expressed surprise over non-extension of the sunset date of the concessional tax rate of 15% on new manufacturing units beyond March 31, 2024 in the interim Budget, as this may discourage fresh private investments, say experts. “Considering the continuing need to incentivise manufacturing in India and the support […]

The post Non-Extension Of 15 Per Cent Tax For New Manufacturing Units May Discourage Fresh Investments first appeared on Latest India news, analysis

The ’Bharat Jodo Nyay Yatra’ led by Congress leader Rahul Gandhi entered Murshidabad district in West Bengal on Thursday. The first phase of the yatra in West Bengal concluded on Monday, as it entered Bihar from Islampur. It re-entered West Bengal on Wednesday through Debipur, Ratua in Malda district in the northern part of the […]

The post Rahul’s Yatra enters Murshidabad

NEW DELHI: Ahead of the Interim Budget for FY25, the fiscal deficit touched 55 per cent (Rs 9.8 trillion) of the full-year target for the April-December period of FY24, data by the Controller General of Accounts (CGA) on Wednesday showed. The fiscal deficit was marginally lower at Rs 9.9 trillion, recorded during the corresponding period […]

The post At Rs 9.82 Trillion, April-December Fiscal Deficit 55% Of Govt’s Annual Target first appeared on Latest India news, analysis and reports

MUMBAI: The current account savings account (CASA) deposit ratio of private sector banks declined more than that of public sector banks (PSBs) in the past year due to a stronger demand for credit and an increased preference for term deposits. According to data from CareEdge Ratings, the share of CASA deposits to total deposits of […]

The post Private Sector Banks’ CASA Deposits Ratio See Sharper Drop Than PSBs first appeared on Latest India news, analysis and reports on

By Anjan Roy The interim budget presented on February 1 is a hopeful document, pinning its faith on the continued buoyancy of the Indian economy. At the outset, the finance minister, Nirmala Sitharaman, should be complimented for presenting the shortest and a crisp budget speech, instead of a meandering one of at least one and […]

The post Sitharaman’s Interim Budget 2024-25 Is Focused And Future-Centric first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Finance Nirmala Sitharaman’s interim budget speech sounded like a well-crafted compendium of compliments to Prime Minister Narendra Modi. It was as though she was singing her swan song, and an ode to the greatness of her mentor, rather than on what the government planned to do in the days ahead. It also […]

The post Nirmala Sitharaman’s ‘Swan Song’ Budget Speech Is Virtually An Ode To Modi first appeared on Latest India news, analysis and reports

While BJP leaders called the Interim Budget 2024-25 “encouraging” and “empowering”, opposition leaders expressed disappointment calling it an “anti-people budget”. The key highlights of the Interim Budget 2024-25 include “no changes” to the taxation system — both direct and indirect — including import duties. FM Sitharaman said that the “target is to reduce the fiscal […]

The post Opposition calls Interim

West Bengal Chief Minister Mamata Banerjee on Wednesday accused the Congress of teaming up with the CPI(M) to strengthen the BJP in the state in the upcoming Lok Sabha elections. Banerjee, who was speaking at a public distribution programme here, said the TMC decided to fight the upcoming polls alone in West Bengal after the […]

The post Mamata

The Congress on Wednesday hit back at Prime Minister Narendra Modi for accusing the opposition of causing disruptions in Parliament and said it is the BJP that indulged in “disrobing” of Parliament and posed a threat to democracy in the country. Congress president Mallikarjun Kharge said data from the past two decades show that most […]

The post

Curtains are finally down in Ranchi after a long push-and-pull between Hemant Soren, who resigned as Jharkhand Chief Minister shortly before his arrest on Wednesday, and the Enforcement Directorate in connection with the land scam case. Soren was arrested after a seven-hour-long interrogation and high drama over nominating his successor. Following a family feud, opposition […]

The post

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday proposed tax benefits for start-ups and pension funds. The government has taken measures to promote start-ups in the country. As many as 1.17 lakh start-ups are recognised by the government so far. Under the Startup India Action Plan unveiled on January 16, 2016, the government provides tax […]

The post Budget 2024: Government Proposes Tax Benefits For Start-Ups, Pension Funds first appeared on Latest India news, analysis and reports on IPA

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday said there are no changes in tax rates for direct and indirect taxes, including import duties. She also said the number of tax filers has swollen 2.4 times and the direct tax collection has trebled since 2014. The processing time of tax returns has been reduced from […]

The post No Changes In Tax Rates For Direct, Indirect Taxes: FM first appeared on Latest India news, analysis and reports on IPA

MUMBAI: The Reserve Bank of India (RBI) on Wednesday barred Paytm Payments Bank from accepting fresh deposits and carrying out transactions from February 29 this year, citing “persistent non-compliance” and “material supervisory concerns”. In March 2022, the regulator barred Paytm Payments Bank from taking in new customers. The company, with One97 Communications as its parent, […]

The post RBI Bars Paytm Payments Bank From Carrying Out Transactions Starting February 29 first appeared on Latest India news, analysis and reports

NEW DELHI: India’s core sector grew at its slowest pace in 14-months in December at 3.8% from 7.9% in the previous month due to base normalisation and slowing activity in crude oil production and electricity generation, official data released Wednesday showed. The eight core industries that account for 40% of the index of industrial production […]

The post At 3.8%, Core Sector Growth Hit 14-Month Low In December first appeared on Latest India news, analysis and reports on IPA

By K R Sudhaman The interim budget 2024-25 presented ahead of the General elections in April-May is slightly different from previous interim budgets in the sense it made no major tax announcements keeping in line with the convention. What is significant is that the budget speech was short, less than an hour, and that it […]

The post Pre-Election Interim Budget 2024-25 Smacks Of Confidence Of Modi Govt first appeared on Latest India news, analysis and reports on IPA

By Dr. Gyan Pathak Interim Union Budget 2024-25 for railways neither generated much hope for betterment of railways operations nor services to its commuters, though Union Finance Minister Nirmala Sitharaman has announced three major economic railway corridor programmes to be implemented, and 40,000 normal bogies to be converted to the Vande Bharat standard. The budget […]

The post Interim Budget 2024-25 Does Not Generate Much Hope For Railways first appeared on Latest India news, analysis and reports on IPA

The Ministry of Finance recently recognized the pivotal role played by suppliers in the triumph of the Federal Supplier Register. This acknowledgment comes as part of the ministry's ongoing efforts to foster a collaborative environment with its suppliers.

The celebration underscores the symbiotic relationship between the Ministry of Finance and its suppliers, emphasizing the crucial part they play in the seamless functioning of

Dubai-based real estate giant, Taraf, has recently revealed its newest residential undertaking in the thriving community of Jumeirah Village Circle (JVC). The unveiling marks the company's strategic expansion in one of Dubai's rapidly growing residential sectors.

The newly launched project is poised to offer a diverse range of residential options, catering to the varying needs of potential homeowners and investors. Taraf's commitment to

Global aviation giant Boeing grapples with financial setbacks as it reports a $30 million loss in its fourth-quarter earnings. The renowned aerospace company, known for its contributions to the aviation industry, encountered challenges that impacted its financial performance during the final quarter of the fiscal year.

The reported loss reflects a series of factors that have influenced Boeing's bottom line, raising concerns among

Dubai, known for its ambitious endeavors, has revealed the Dubai Reef Project, positioning itself as a frontrunner in colossal marine reef initiatives worldwide. This groundbreaking endeavor, touted as one of the largest of its kind globally, reflects Dubai's commitment to marine conservation and ecological sustainability.

The Dubai Reef Project, a joint collaboration between environmental organizations and government bodies, aims to establish a vast marine ecosystem off the coast of Dubai. The initiative is poised to not only enhance the local marine

Serco, a global leader in essential services, has recently acquired Climatize, a move aimed at reinforcing its commitment to sustainability. The acquisition aligns with Serco's strategic vision to enhance environmental initiatives across its diverse portfolio.

The acquisition, finalized after meticulous negotiations, positions Serco to play a more influential role in addressing climate challenges. With Climatize's expertise in sustainable technologies, Serco aims to integrate innovative solutions into its

Dubai's pivotal economic hub, the World Trade Centre, is set to host a series of dynamic events in February 2024, focusing on Healthcare, Food and Beverage, and Real Estate. The multifaceted calendar promises a diverse range of activities, underscoring the centre's commitment to fostering collaboration and innovation in these crucial sectors.

Kicking off the month, the Healthcare segment will take center stage, featuring conferences and forums addressing

NEW DELHI: The Indian government will spend a record ₹11.11 trillion ($133.87 billion) on infrastructure creation in 2024/25, to ensure the Asian nation remains one of the world’s fastest growing major economies. The allocation for capital expenditure for the financial year starting April 1 is 11.1 per cent higher than the capex for the current […]

The post Government Raises 2024-25 Capex Spend To Record ₹11.11 Trillion first appeared on Latest India news, analysis and reports on IPA Newspack.

NSE Nifty was up by 0.03 per cent or 5.95 points to 21,731.65 points, while the BSE Sensex was at 71,806.44 up by 0.04 per cent or six points. A total of 3,820 stocks were actively traded, 1,722 advanced, while 1,962 declined and 136 stocks remained unchanged where 397 stocks hit a 52 week high […]

The post Markets Show Resilience Post-Budget; Mixed Sectoral Performance first appeared on Latest India news, analysis and reports on IPA Newspack.