Category: World

NEW DELHI: NHPC has inked an initial pact to invest Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur in Gujarat. Taking a step towards clean and green energy, NHPC signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation (GPCL) for investment in Kuppa Pumped Hydro Storage Project (750 […]

The post NHPC Pledges To Invest Rs 4,000 Crore In 750 MW Kuppa Hydro Storage Project first appeared on Latest India news, analysis

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

NEW DELHI: Expectations are muted over big big-ticket announcements or high-budget schemes being announced in the interim Budget on February 1, but the run-up to the Parliament elections could still feature some such. FE has reviewed the schemes and government programmes rolled out in FY24 budget, and found that while these did not entail huge […]

The post Schemes Unveiled In Budget FY24 Make Headway first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is likely to project higher economic growth estimates of around 7% for the 2023/24 fiscal year ending in March, compared with earlier government forecasts when the National Statistical Office releases its first advance GDP estimates on Friday. An increased estimate of annual gross domestic product is widely expected after the Reserve Bank […]

The post India Expected To Report Higher GDP Growth Estimates For 2023-24 first appeared on Latest India news, analysis and reports on IPA

Economic growth is set to be a driving force in the Asia-Pacific (APAC) region in 2024, particularly in emerging markets (EMs), providing a favourable backdrop for various sectors, reported Fitch Ratings. According to Fitch Ratings, while strong real GDP expansion is anticipated in India, Indonesia, the Philippines, and Vietnam, challenges from slower Chinese growth, subdued […]

The post Economic Growth Set To Drive Asia-Pacific Region In 2024; Challenges From Slower Chinese Growth, Global Demand: Fitch first appeared on Latest

NEW DELHI: Cooperation Minister Amit Shah on Thursday inaugurated a tur dal procurement portal through which farmers can register and sell their produce to NAFED and NCCF at a minimum support price or market price. A similar facility will be launched in future for urad and masoor farmers as well as maize farmers, he said. […]

The post Amit Shah Launches Tur Dal Procurement Portal; Sets 2027 As Target To Become Self Reliant In Pulses first appeared on Latest

By Arun Srivastava The RSS leadership is happy that its electoral strategy has paid rich dividend in three states of Madhya Pradesh, Rajasthan and Chhattisgarh in just concluded assembly elections Now the RSS chief is concentrating on Bihar, Bengal and Odisha taking in view the coming Lok Sabha polls. Apart it is the threat perception […]

The post RSS Is Working On State Specific Electoral Strategy In The Eastern States first appeared on Latest India news, analysis and reports

By Sushil Kutty Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy’s sister Y S Sharmila is not what her name suggests—shy, placid… She has been a rebel after a cause, and so has done what she had set out to do, become a part of the Congress—which was her father Y S Rajasekhara Reddy’s […]

The post Can Sharmila’s Entry Into Congress Revive The Fortunes Of The Party Before Lok Sabha Polls? first appeared on Latest India news,

By Rahil Nora Chopra Since Chief Minister Nitish Kumar took over the reins of the party, the Mahagathbandhan alliance partners are wondering whether the decision was deliberately engineered to create a conducive atmosphere for Kumar to switch over, once again to the NDA, or put pressure on the INDIA bloc, or just to hog the […]

The post Nitish Driving INDIA Bloc Decisions, To Hit The Road For 2024 Campaign first appeared on Latest India news, analysis and reports

Getting into poll mode, the Congress on Thursday initiated discussions on the party’s strategy, manifesto and seat-sharing for the Lok Sabha elections while also finalising the route map for the Bharat Jodo Nyay Yatra, a hybrid version of the earlier foot march. As the top leadership of the party got into a huddle at the […]

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Bihar Chief Minister Nitish Kumar deserved to be the prime ministerial candidate, and not merely the convenor of INDIA coalition, a couple of the JD(U) president’s close aides asserted here on Thursday. The averment came from ministers Madan Sahni and Ratnesh Sada, both of whom had visited the JD(U)’s Bihar headquarters here for “Jan Sunwai”, […]

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The speculation on whether Congress president Mallikarjun Kharge and former party chief Sonia Gandhi will attend the Ram temple consecration ceremony continued with the party on Thursday saying that their decision would be conveyed at the “right time”. Asked whether Kharge and Gandhi will attend the ceremony, Congress general secretary in-charge communications Jairam Ramesh, at […]

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Nationalist Congress Party (NCP) founder Sharad Pawar on Thursday accused the Bharatiya Janata Party (BJP) of using a five-point agenda to promote “Hindutva fascism” in the country and said the political situation is not good for the saffron outfit ahead of the Lok Sabha polls. Addressing party workers in the temple town of Shirdi in […]

The post BJP promoting ‘Hindutva

NEW DELHI: The Centre may aim for a modest disinvestment target of around Rs 30,000 crore in 2024-25, 40% lower than the target of Rs 51,000 crore for the current financial year, which is set to be missed by 60%, official sources said. This would represent a progressive lowering of the ambition on this front […]

The post Disinvestment Target For FY25 May Be Set At Rs 30,000-Crore first appeared on Latest India news, analysis and reports on IPA

NEW DELHI: The Department of Telecommunications (DoT) will soon notify rules around leasing of spectrum to captive private networks, a move that will open another revenue stream for telecom operators, particularly for 5G monetisation. Telcos that have bought spectrum through auctions will be able to lease airwaves to captive non-public networks or private networks and […]

The post Norms Soon To Let Telecom Companies Lease 5G To Private Networks first appeared on Latest India news, analysis and reports on

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

KOLKATA: Early business data from lenders, published ahead of the month-long earnings season starting next week, showed that Indian companies are on track to report yet another quarter of robust performance amid buoyant consumer demand, although rising cost of funds might crimp profitability for financiers as the pace of deposit mobilization trails credit growth. Non-banking […]

The post Credit Growth Signals Robust Q3 For India Inc 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

Anandpur Sahib MP Manish Tewari on Thursday said the Congress’ loss in the 2022 Punjab assembly elections was not because the party opted for a Dalit Sikh chief minister Charanjit Singh Channi, but because of their “internal contradictions”. At a discussion on book ‘Punjab- From the Perspective of a Punjabi Hindu’ written by author and […]

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NEW DELHI: The Food Corporation of India (FCI) has allayed fears of any problems due to lower wheat procurement this year and expressed confidence in buying a quantity more than the annual requirement under all welfare schemes. Briefing the media on the achievement of FCI since its inception in 1964, FCI Chairman and Managing Director […]

The post India Will Procure More Than Required Rice For Buffer Stocks, Says FCI CMD first appeared on Latest India news, analysis and

NEW DELHI: Retirement fund manager EPFO has extended the deadline till May 31 for employers to upload wage details of those opting for higher pension to its database. Earlier, the deadline for employers to upload wage details for those opting for higher pension on higher contribution was December 31, 2023, a labour ministry statement said. […]

The post EPFO Extends Deadline To Upload Wage Details For Higher Pension Options Till May 31 first appeared on Latest India news, analysis

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

NEW DELHI: The Centre on Wednesday cancelled the disinvestment plans of the Salem Steel Plant, the stainless steel making unit of the Steel Authority of India Ltd (SAIL), citing lack of interest from bidders. According to a statement from the Ministry of Finance, multiple EoIs had been received and bidders were shortlisted. However, due to […]

The post Govt Scraps Privatisation Of SAIL’s Salem Steel Plant first appeared on Latest India news, analysis and reports on IPA Newspack.

CHENNAI: Steel giant ArcelorMittal has partnered with the Indian Institute of Technology, Madras to build “Asia’s first” Hyperloop test track facility here, the company said here on Wednesday. The companies, ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS), are providing foundational steel materials as well as engineering, design, and project management expertise to support the construction […]

The post ArcelorMittal Partners With IIT Madras To Create Hyperloop Facility In Tamil Nadu first appeared on Latest India news, analysis and reports

US bankruptcy filings surged by 18 per cent in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level seen before the outbreak of Covid-19. Total bankruptcy filings — encompassing commercial and personal insolvencies […]

The post US Bankruptcies Surge 18%, More In Store: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak BJP has just coined this attractive slogan to its gullible constituency – Teesri Baar Modi Sarkar, ab ki baar 400 paar. Some national and international political analysts are declaring “almost an inevitability” of PM Narendra Modi’s win for the third time, supporting the first part of the slogan, while PM Modi’s […]

The post BJP’s Crossing 400 Seats Slogan Is A Hype, Far Away From Ground Reality first appeared on Latest India news, analysis and

By P. Sudhir The Israel Defence Forces (IDF) have announced that the military operations in Gaza will continue throughout 2024. Israeli prime minister Benjamin Netanyahu, has repeatedly stated that the war in Gaza will continue till the Hamas is totally finished. He has also stated that Israel will control the Gaza border with Egypt which […]

The post Israel Is Seeking To Cleanse Gaza Of Palestinians Through Unending Bombings first appeared on Latest India news, analysis and reports on

By Krishna Jha Forensic investigations by Amnesty International’s Security Lab have come out with surprising revelations about continued and increasing use of Pegasus, a type of highly invasive spyware, developed by Israeli surveillance firm NSO Group. It has come amid an unprecedented crackdown by the Indian authorities on freedom of peaceful expression and assembly, which […]

The post Pegasus Spyware Is Again Being Used Against Indian Civil Rights Activists first appeared on Latest India news, analysis and reports on

By Sushil Kutty Delhi Chief Minister Arvind Kejriwal’s “imminent arrest” has been on the cards for two-three days and the AAP convener has been milking every drop of sympathy from talk of his imminent “arrest”. That said, while half of Delhi is convinced Kejriwal is corrupt to the core, the other half is still making […]

The post Delhi Chief Minister’s Arrest By Friday By ED Is A Distinct Possibility Now first appeared on Latest India news, analysis and

NEW DELHI: The Supreme Court on Wednesday refused to order inquiries into Adani Group by a special investigation team (SIT) or the Central Bureau of Investigation (CBI) — a major relief to the business house — over US short-seller Hindenburg Research’s allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange […]

The post Supreme Court Backs SEBI Inquiry Into Adani, Rejects Any Other first appeared on Latest India news, analysis and reports on IPA

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

NEW DELHI: The economic growth in Asia Pacific will remain strong in 2024 and GDP is expected to grow by about 5 per cent in India and a host of emerging market countries, Fitch Ratings said on Wednesday. In its report titled ‘APAC Cross-Sector Outlook 2024′, Fitch said the outlooks for the banking sectors in […]

The post Growth In Asia Pacific Emerging Markets To Remain Strong In 2024: Fitch first appeared on Latest India news, analysis and reports

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

Bihar chief minister Nitish Kumar may be picked as INDIA alliance’s convener on Wednesday as leaders of the Opposition bloc are set to meet virtually around 6:30pm. Sources told News18 that not all parties will be available for the discussion. “Around 10-12 parties will participate, and the decision will be conveyed to other,” a source […]

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