Category: World

India stands to gain significantly from its proposed free trade pact with Oman, particularly in sectors such as petroleum, steel, electronics and textiles, as over 80 per cent of its exports to the country currently face a five per cent import duty which could be eliminated, according to an analysis by research body Global Trade […]

The post Proposed India-Oman Free Trade Pact To Potentially Lower Import Duties On 80% Goods: GTRI first appeared on Latest India news, analysis

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

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

By Dr. Gyan Pathak The impressive gains in Chhattisgarh, Madhya Pradesh, and Rajasthan could not blind the BJP leadership to the fact of its declining share of votes in all the states in November 2023 elections compared to Lok Sabha Election 2019, and hence it was compelled to bring new faces as Chief Ministers as […]

The post Declining Share Of Votes Compelled BJP To Choose New Chief Ministers first appeared on Latest India news, analysis and reports on

By Satyaki Chakraborty All indications available from the Congress and Trinamool Congress sources on the eve of the INDIA constituents meeting in New Delhi on December 19 suggest that the Congress high command is itching to form an electoral alliance with the Trinamool Congress in Bengal for fighting the BJP jointly in the 2024 Lok […]

The post Congress May Opt For Alliance With Trinamool In Bengal For Lok Sabha Polls first appeared on Latest India news, analysis and

By Sushil Kutty Is Kashmir now settled issue? The Supreme Court verdict says ‘Yes’ and National Conference Chief Farooq Abdullah put his seal of approval to the Supreme Court verdict on the abrogation of Article 370. Nobody could have put it more succinctly than Farooq Abdullah, not even his son Omar Abdullah. In King’s language, […]

The post Irrespective Of Supreme Court Verdict, Kashmir Remains An Unsettled Issue first appeared on Latest India news, analysis and reports on IPA

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

The Bharatiya Janata Party (BJP) once again took everyone by surprise when it unveiled the names of its chief minister’s pick for the newly won states of Rajasthan, Chhattisgarh and Madhya Pradesh. By choosing young, grassroots-level leaders for the top post, the saffron party delivered on its anti-nepotism and anti-bias political stance. The ruling party […]

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A war of words broke out between Manipur Chief Minister N Biren Singh and newly-elected Mizoram CM Lalduhoma over the latter’s comment on Manipur Police. Singh urged Lalduhoma to not interfere in the internal matters of Manipur and appealed to the Mizoram CM to extend help to the violence-hit state in restoring peace. Speaking to […]

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West Bengal Chief Minister (CM) and Trinamool Congress (TMC) chief Mamata Banerjee has sought time for a meeting with Prime Minister Narendra Modi in Parliament at 11 am on January 20, a day after the Opposition alliance against the Bharatiya Janata Party (BJP), Indian National Developmental Inclusive Alliance (INDIA), is scheduled to meet. According to […]

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The Maharashtra government intends to implement the Old Pension Scheme (OPS) before the state elections in 2024, deputy chief minister Ajit Pawar, who also holds the finance portfolio, has told the Legislative Council of the assembly. The statement comes amid state government officials calling for yet another protest to demand implementation of OPS. Pawar, during […]

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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: The Centre is expecting savings of at least Rs 30,000 crore from its budgeted Rs 1.3 lakh crore assistance to states for capital expenditure in 2023-24, as the states have faltered in using the sanctioned amount, said people with knowledge of the matter. The Centre has released Rs 60,104 crore under the Special […]

The post Government Eyes Rs 30,000 Crore From Capex Scheme 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

MUMBAI: The Reserve Bank of India (RBI)’s decision to revise the guidelines on connected lending may have been prompted by instances of lenders not complying with rules on loans to companies, experts believe. Bankers said innovative structuring of loans may have resulted in a breach of the regulations. They pointed out that several business houses […]

The post Banks’ Non-Compliance Likely Triggered Connected Lending first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Reserve Bank of India has urged the Finance Commission to consider recommending “an increased share of conditional transfers” to the state governments, based on reforms, quality of expenditure and fiscal sustainability. This, it said, would help harness healthy competition across the states, and strengthen the fiscal consolidation drive. The RBI‘s comments comes […]

The post Make More Transfers To States Conditional: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has emerged as the leading country in terms of workplace culture, as a significant percentage of Indian workers consider a positive organisational culture as a primary factor for their commitment, according to a report. As per the recent research conducted by SHRM, 64 per cent of Indian workers are likely to stay […]

The post Majority Of Indian Workers Likely To Stay If Given Good Organisational Culture: Report first appeared on Latest India news, analysis and

MUMBAI: States’ finances improved in FY23, and there is a need to look at asset monetisation to help garner non-tax revenues, a Reserve Bank report said on Monday. In the report on state budgets, which is done annually, the Reserve Bank said road, transport and power sectors hold considerable potential where the states can undertake […]

The post States Should Look At Asset Sales In Infra Sector To Bolster Revenues first appeared on Latest India news, analysis and reports

The Indian economy is growing leaps and bounds and despite the global geopolitical challenges, the country remains a bright spot for investors globally. According to recent report by GlobalData, a total of 920 VC funding deals were announced in India during January-October 2023, registering a decline of 38.6 percent in comparison to the 1,499 VC […]

The post India Continues To Be Seen As A Bright Spot For Global Investment Opportunities first appeared on Latest India news, analysis and

NEW DELHI: The National Statistical Commission (NSC) is examining the working group report on the roadmap for introducing the Producer Price Index (PPI) in India to replace the Wholesale Price Index (WPI) and their recommendations are awaited, a senior official said Monday. “The working group submitted the report some time back. It (the entire issue […]

The post India May Switch From WPI To New Index first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A move by Reliance General Insurance (RGICL), a subsidiary of Reliance Capital (RCap), to transfer its 25% stake to a Hinduja group company has hit a roadblock following objections raised by the insurance regulator. In October, Hinduja group had sought Insurance Regulatory and Development Authority of India‘s (Irdai’s) permission to transfer about 25% equity […]

The post Hinduja’s Stake Transfer Plan Hits IRDAI Roadblock first appeared on Latest India news, analysis and reports on IPA Newspack.

Tamil Nadu Chief Minister M K Stalin on Monday urged the Centre to ensure the early repatriation of the Indian fishermen arrested in Sri Lanka recently. He pointed out that the attacks on the fishermen have been on the rise of late and have had serious repercussions on the lives and safety of the Indian […]

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NEW DELHI: Government on Monday said that since 99 per cent local mobile phone market is being met through domestic manufacturing now, companies need to export by improving competitiveness and enhancing value addition, for next phase of growth. Government’s focus is now on boosting electronics component manufacturing in the country and new scheme for the […]

The post New Schemes In Works For Electronics Component Manufacturing: MeitY Secretary first appeared on Latest India news, analysis and reports on IPA

NEW DELHI: Shoppers Stop is betting big on its beauty business. The company is accelerating its presence in this segment by expanding its standalone specialty beauty store network, shop-n-shops at its department stores and distribution tie-ups with global luxury brands. The company aims to garner nearly a quarter of its future revenues from the beauty […]

The post Shoppers Stop Ramping Up Its Beauty Play For Enhanced Market Presence first appeared on Latest India news, analysis and reports on

MUMBAI: Electric vehicle maker Kinetic Green on Monday said it is looking to play big in the electric two and three-wheeler space as it rolled out its all-new e-scooter ZULU in the domestic market. The Made-in-India Fame-II compliant high-speed electric scooter comes at an introductory price starting from Rs 94,990 (ex-showroom, Mumbai), the company said. […]

The post Kinetic Green Launches E Scooter ZULU, Targets Big Play In 2, 3 Wheeler Market first appeared on Latest India news, analysis

AHMEDABAD: Union Health Minister Mansukh Mandaviya on Monday said India’s bioeconomy has grown eight-fold in the last eight years to $80 billion, and the country has set a target to reach $600 billion by 2030. The minister was speaking at the pre-Vibrant Gujarat seminar on ‘Biotechnology: The Path of Innovation and Wellness for Viksit Bharat’. […]

The post India Bioeconomy Grew To $80 Billion In Eight Years, Target To Reach $600 Billion By 2030: Mandaviya first appeared on Latest

By Arun Srivastava Supreme Court upholding abrogation of Article 370 in its verdict on December 11 has multifaceted implications. For Mehbooba Mufti if it was not the defeat of Kashmiris but of the idea of India, it was certainly not a defeat for Kashmir and Its cultural ethos, the Kashmiriyat. Instead it was a setback […]

The post By Upholding Abrogation Of Article 370, Supreme Court Has Kept Many Issues Unanswered first appeared on Latest India news, analysis and

By Sushil Kutty Three-terms in a row and knowing well that he faced the axe, Chief Minister Shivraj Singh Chouhan thought long and short and took the dive for Prime Minister Narendra Modi who dumped him to safeguard his own future. Modi fought on his own “name and face” to guarantee a third-time for himself […]

The post Will Depriving Shivraj Singh Chouhan Of Chief Ministership Help BJP In 2024 Polls? first appeared on Latest India news, analysis and

By Dr. Gyan Pathak COP28 draft negotiation text released on reduction of fossil fuel has generated great criticism and fury, since it stops short of phasing out fossil fuels, and therefore no agreement was reached within the deadline. Negotiators are now awaiting new text, talks continue beyond the deadline, but there is no sign that […]

The post COP28 Draft Negotiation Text Frustrates Hope Of Phasing Out Of Fossil Fuel first appeared on Latest India news, analysis and reports

By L S Herdenia BHOPAL: By naming Mohan Yadav as the Chief Minister of Madhya Pradesh, Prime Minister Narendra Modi sprang a second surprise in the context of Vidhan Sabha elections. The first surprise was when he asked three Union Ministers and four MPs to resign and contest Vidhan Sabha elections. The Union Ministers were […]

The post New Madhya Pradesh Chief Minister Mohan Yadav Will Bring Yadav Votes For BJP In Hindi Heartland first appeared on Latest India

Taking a dig at the ruling BJP, Samajwadi Party president Akhilesh Yadav on Monday said those who have declared themselves as number one through false propaganda should also get the elections done through the ballot paper as is done in the countries, which are number one in the world. “The BJP government is number one […]

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The Congress on Tuesday attacked the BJP for picking Mohan Yadav as the next chief minister of Madhya Pradesh, alleging that there are many serious allegations against him including “large-scale manipulation” in the Ujjain masterplan. Springing a surprise, the BJP on Monday picked Yadav, a leader of Other Backward Classes (OBC) and a three-time MLA, […]

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West Bengal Chief Minister Mamata Banerjee on Monday claimed that if the BJP wins next year’s Lok Sabha polls, it will forget its promise of extending free ration for five years. Accusing the Centre of taking all the money away in the name of GST and not giving the state’s share, she said if this […]

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A Delhi court on Monday allowed AAP’s Rajya Sabha MP Sanjay Singh, arrested in a money laundering case related to alleged Delhi excise policy scam, to appear before a parliamentary committee to file his submissions in a breach of privilege case. Special Judge M K Nagpal granted permission to Singh on an application moved by […]

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