Category: World

MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]

The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The government’s nudge to the private sector in the interim Budget by reducing its borrowing for FY25 comes at a time when announcements of new investments have slowed down. According to data from the Centre for Monitoring Indian Economy (CMIE), announcement of investments by the private sector in the September and December quarters of […]

The post Private Capex Hike Depends On Demand: India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes, an official statement said on Sunday. “Around 1,200 delegates including beneficiary companies under the PLI (production linked incentive) scheme for 14 sectors and officials met on February 3 to […]

The post Government, Industry Discuss Ways For Implementation Of PLI Schemes first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre is likely to give up on the plan to monetise stadiums, while reworking the strategy for the iconic Ashok Hotel in the national capital. It is likely to offer the hotel under the PPP mode through a single transaction, sources told TOI. This means the plan to monetise asset of the […]

The post Government To Shelve Stadium Monetisation first appeared on Latest India news, analysis and reports on IPA Newspack.

The Champai Soren government in Jharkhand — formed last week after a massive political crisis following the arrest of its Chief Minister — will take a floor test to prove its majority today. The majority mark in the 81-member assembly is 41. The ruling alliance of the Jharkhand Mukti Morcha, Congress and Lalu Yadav’s Rashtriya […]

The post Arrested

Gujarat Police probing a hate speech case on Sunday detained Islamic preacher Mufti Salman Azhari in Mumbai, an official said. Mufti Salman is currently at Ghatkopar police station, the official said. Hundreds of supporters of the Mufti gathered outside the police station demanding his immediate release, bringing traffic to a standstill in the area, the […]

The post Crowd

By Ashis Biswas In Assam, bad news continues for the opposition: little tangible progress has been made in pre-election seat sharing talks among major parties opposing the ruling Bharatiya Janata party(BJP), as they desperately struggle to build a united anti-Saffron front, in recent weeks. Unless major opposition parties including the Congress, Raisor Dal, Asom Jatiya […]

The post Opposition Talks On Seat Sharing In Assam For Lok Sabha Polls Not Progressing first appeared on Latest India news, analysis and

By Arun Kumar Shrivastav On the third anniversary of the military coup in Myanmar, a joint statement from the European Union, Canada, Australia, New Zealand, Norway, South Korea, Switzerland, the United Kingdom, and the United States condemned the ongoing violence and human rights abuses perpetrated by the military regime. The statement released by Global Affairs […]

The post Myanmar Junta Losing More Areas To Rebels As The Coup Completes Three Years first appeared on Latest India news, analysis and

By James M Dorsey The irony of Middle Eastern geopolitics is that Israel makes it increasingly difficult for US President Joe Biden to support it, while Iran strengthens domestic US anti-Iranian and pro-Israeli hardliners. The hardliners are emboldened by the failure of calibrated US strikes in response to numerous attacks on US forces in the […]

The post Iran Facilitates Biden’s Support For Israel, But Tel Aviv Makes It Increasingly Difficult first appeared on Latest India news, analysis and

NEW DELHI: Shares of Reliance Industries were in heavy demand on Friday, climbing over 2 per cent, adding Rs 41,860.54 crore to its market valuation. The stock of the country’s most valued firm went up 2.18 per cent to settle at Rs 2,914.75 on the BSE. During the day, shares of the company jumped 3.40 […]

The post Reliance Industries Shares Climb All Time High first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Tourists visiting Paris’ Eiffel Tower will now be able to book their trip to the iconic monument using India’s Unified Payment Interface, the National Payments Corporation of India (NPCI) said on Friday. The NPCI said its arm NPCI International Payments (NIPL) has tied up with French e-commerce and proximity payments Lyra, which will help […]

The post Now, Pay For Eiffel Tower Visit Through UPI first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: India continues to be a bright spot for Apple registering a quarterly revenue record with a strong double-digit growth. “If you look at it, India grew — in revenue terms — strong double-digits in the Dec quarter and hit a quarter revenue record. Other emerging markets like Indonesia also hit a quarterly record. And […]

The post India Bites Big Into Apple Sales Pie first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The income tax department will “erase” petty tax demands pending against about 80 lakh taxpayers on its own and issue a “speaking order” explaining the process to be followed, CBDT chairman Nitin Gupta said Friday, a day after the measure was proposed in the interim Budget. Union Finance Minister Nirmala Sitharaman had on […]

The post I-T Dept Will Erase Petty Tax Demands On Its Own: CBDT first appeared on Latest India news, analysis and reports on

MUMBAI: The Reserve Bank of India on Friday cautioned the public against fraud in the name of KYC updation and advised not to share documents with unknown entities. In the wake of continuing incidents and reports of customers falling prey to frauds being perpetrated in the name of KYC updation, RBI urged the members of […]

The post Do Not Share Documents With Unknown Entities For KYC, Cautions RBI first appeared on Latest India news, analysis and reports on

NEW DELHI: Capital markets regulator Sebi on Friday proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. The regulator proposed revisions to nomination facilities for securities such as shares, bonds, units […]

The post SEBI Mulls Revamping Nominations Framework first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Reduction in the total allocations for Union Ministry of Labour and Employment and also workers’ social security in the Interim Union Budget 2024-25 has revealed PM Narendra Modi government’s anti-labour stance, an allegation that has been labelled by the joint platform of Central Trade Unions (CTUs) since the passage of four […]

The post Interim Union Budget 2024-25 Reveals Modi Governments Anti-Labour Stance first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Chief Justice D Y Chandrachud’s call for an end to the ‘adjournment culture’ in the functioning of the courts could not have come a day sooner. “In the near future, we must address structural issues affecting the judiciary such as the pendency of cases, our archaic procedures, and the culture of adjournments,” […]

The post Culture Of Adjournments Helps The High And Mighty To Hijack Judicial System first appeared on Latest India news, analysis and reports

By Girish Linganna Artificial intelligence has made tremendous strides in recent years—from beating human champions at chess to revolutionizing self-driving cars and setting up life-like virtual assistants. Now, AI is putting its creative hat on and venturing into the world of content generation. While AI shows great promise for automating routine, and mundane, writing tasks […]

The post AI-Generated Content Holds Promises As Well As Perils first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: There is no change in the Budget script as far as Kerala is concerned. It has been an unredeeming tale of severe neglect from the Union Government, repeated ad nauseum over the years. For once, both the ruling Left Democratic Front (LDF) Government and the Congress-led opposition United Democratic Front (UDF) […]

The post Raw Deal Again To Kerala In 2024-25 Union Budget first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: This budget demonstrates the confidence that the government’s structural reforms over the last 10 years, including the Covid-related actions, have set the economy on a sustainable growth path, chief economic adviser V Anantha Nageswaran said. The next-generation reforms alluded to by FM Sitharaman in her budget speech were nothing out of the ordinary […]

The post Thrust Is On Letting Economy Grow On Its Own Momentum: Chief Economic Advisor first appeared on Latest India news, analysis and

NEW DELHI: Setting a high annual disinvestment target can potentially create an “overhang in the market” and could be detrimental to the value creation strategy of central public sector enterprises (CPSEs) concerned, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said on Friday. In an interview to ET, he said the […]

The post High Selloff Target Can Potentially Create Overhang In The Market, Says DIPAM Secretary first appeared on Latest India news, analysis and

NEW DELHI: The revamped solar rooftop scheme announced by Prime Minister Narendra Modi which also found a mention in Finance Minister Nirmala Sitharaman’s Interim Budget speech will be implemented by the public sector utilities (PSUs) of the power ministry across all states, Union Power Minister R K Singh said here on Friday. Calling it the […]

The post Power PSUs To Implement Pm Suryodaya Yojana: Power Minister R K Singh first appeared on Latest India news, analysis and reports

MUMBAI: After touching an all-time high of Rs 3.4 trillion last month, the liquidity deficit in the banking system has started to ease. The liquidity deficit declined to Rs 2.4 trillion on Thursday, reflecting a fall of around Rs 1 trillion, according to the Reserve Bank of India data. Experts say that the days of […]

The post Liquidity Deficit Eases To Rs 2.4 Trillion After December High first appeared on Latest India news, analysis and reports on IPA

Union finance minister and senior BJP leader Nirmala Sitharaman on Friday hit out at opposition parties like the Dravida Munnetra Kazhagam (DMK) as well as its ally Congress for their “anti-Hindu” and “separatist” views. During an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi a day after presenting the Interim Budget in Parliament, the minister […]

The post Sitharaman

Calling himself a ‘proud Indian’, Congress MP DK Suresh has issued a clarification for his “separate country for South India” remark, saying the intention behind his statement was to bring to notice the “injustice in funds distribution” by the BJP-led central government. DK Suresh landed on soup over an alleged warning of a separate southern […]

The post DK Suresh

West Bengal Chief Minister Mamata Banerjee on Friday challenged the Congress to take on the Bharatiya Janata Party (BJP) in the Hindi heartland states while doubting the ability of the grand old party to secure ‘even 40 seats’ in the upcoming Lok Sabha election, hours after Rahul Gandhi expressed optimism about resolving the seat-sharing

Maintaining that the INDIA alliance is for the 2024 Lok Sabha elections and not for assembly polls in any state, the Congress on Friday asserted that the opposition bloc of 27 parties exists and will fight together. Bihar Chief Minister Nitish Kumar-headed JD(U) recently joined the BJP-led NDA leaving the opposition bloc, making it a […]

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Following strikes in Iraq and Syria, US President Joe Biden released a statement saying that the US does not seek a conflict in the Middle East but if any American is harmed, the country will respond. US President’s strong remark came in response to heightened tensions in the Middle East. The United States has initiated […]

The post Biden’s warning

Samajwadi Party leader Ram Gopal Yadav on Friday said the Congress and the Akhilesh Yadav-led party have finalised their seat-sharing agreement in Uttar Pradesh. SP will declare more candidates soon for the upcoming Lok Sabha elections. Asked whether the Congress can go with the Bahujan Samaj Party (BSP) in UP, Yadav said the two parties have […]

The post <a

West Bengal Chief Minister Mamata Banerjee started a dharna in Kolkata on Friday, demanding the state’s ”dues” from the Centre for various social welfare schemes. Banerjee along with TMC party leaders started that the demonstration in front of BR Ambedkar’s statue located in the Maidan area of the city. The chief minister has been claiming […]

The post <a

NEW DELHI: Shares of state-owned HUDCO zoomed 20 per cent higher on Thursday after Finance Minister Nirmala Sitharaman announced building 2 crore more houses for the rural poor in the next five years. These 2 crore houses will be built under the PM Awas Yojana (Grameen). The stock surged 19.99 per cent to close at […]

The post HUDCO Stock Zooms 20 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark equity indices were on fire on Friday, with the Nifty hitting its all-time high level, tracking a rally in global markets along with buying in Reliance Industries, Infosys and ICICI Bank. A day after the presentation of interim budget, the Nifty jumped 429.35 points to reach its lifetime peak of 22,126.80. The 30-share […]

The post Nifty hits all-time high level; Sensex jumps over 1,400 points first appeared on Latest India news, analysis and reports on IPA

NEW DELHI: The government has extended the customs duty exemption given to vessels engaged in laying submarine cables to September 30, giving relief to the telecom sector. The exemption was coming to an end on March 31. Industry body Cellular Operators Association of India (COAI) has lauded the move as telecom companies depend heavily on […]

The post Govt Extends Customs Duty Exemption To This Key Telecom Sector Segment first appeared on Latest India news, analysis and reports on

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