Economy
In two minds on China: Policymakers split over attracting Chinese FDI
Following the Galwan clash between the two countries' forces in 2020, India imposed restrictions on investments from countries it shares a land border with to curb opportunistic takeovers
 "In two minds on China: Policymakers split over attracting Chinese FDI")
Lower Q2 GDP growth a temporary blip, economy to improve ahead: Sitharaman
She said India has seen "steady and sustained" growth and its GDP growth rate has averaged 8.3 per cent in the last three years
 "Lower Q2 GDP growth a temporary blip, economy to improve ahead: Sitharaman")
Milk industry sounds the alarm as India's production growth sees steep fall
The growth rate in milk production was 6.62 per cent in 2017-18; 6.47 per cent in FY19; 5.69 per cent in FY20; 5.81 per cent in FY21; and 5.77 per cent in FY22
 "Milk industry sounds the alarm as India's production growth sees steep fall")
Taiwan laptop maker MSI begins manufacturing in India with Chennai facility
In line with the objective of Make in India, MSI will introduce locally-produced versions of two laptop models -- the MSI Modern 14 and MSI Thin 15, a company statement said
 "Taiwan laptop maker MSI begins manufacturing in India with Chennai facility")
Swiss MFN move won't impact $100 bn EFTA investment commitment: Barthwal
Under the Double Tax Avoidance Agreement (DTAA), Switzerland had reduced the withholding tax on Indian entities operating in that country to 5 per cent from 10 per cent earlier
 "Swiss MFN move won't impact $100 bn EFTA investment commitment: Barthwal")
WPI inflation eases to three-month low in Nov as food prices cool
Food prices declined to 8.63% last month from 13.54% in October, according to government data
 "WPI inflation eases to three-month low in Nov as food prices cool")
The new RBI should revert to old rupee policy to address challenges
In our earlier piece in these pages, we highlighted the unwelcome consequences of the exchange rate policy adopted under the outgoing Reserve Bank of India (RBI) regime
 "The new RBI should revert to old rupee policy to address challenges")
Nehru, Indira's policies hurt Indian economy for first five decades: FM
In her nearly 80-minute speech, Sitharaman said the Congress keeps questioning the Sangh Parivar about its role during the freedom movement
 "Nehru, Indira's policies hurt Indian economy for first five decades: FM")
Impact of digitalisation on inflation needs close monitoring: DG Patra
Patra highlighted that digitalisation can be regarded as a long-term technology shock impacting economic growth, productivity, labour markets, older technologies, and inflation
 "Impact of digitalisation on inflation needs close monitoring: DG Patra")
India's merchandise trade deficit widens to a record $37.8 bn in Nov
Exports contract 4.85% to $32.1 billion; imports increase by 27% to $69.95 bn
 "India's merchandise trade deficit widens to a record $37.8 bn in Nov")
High interest rates, fiscal consolidation slowing GDP growth: CRISIL
Some technical factors, such as net product taxes and the GDP deflator, have also disrupted GDP's trajectory
 "High interest rates, fiscal consolidation slowing GDP growth: CRISIL")
Bad loans in P2P more than doubles to Rs 1,163 cr in FY24: Report
RBI tightened its guidelines for P2P lending in Aug, flagging regulatory violations by some platforms
 "Bad loans in P2P more than doubles to Rs 1,163 cr in FY24: Report")
Strive for perfection in performing critical roles, RBI Guv to colleagues
Malhotra to follow an open door policy and remain accessible to everyone at RBI
 "Strive for perfection in performing critical roles, RBI Guv to colleagues")
India's imports from UAE jumps 109% to $6.12 billion in Nov, shows data
India's exports to the UAE rose by 11.38 per cent to $ 3 billion in the last month
 "India's imports from UAE jumps 109% to $6.12 billion in Nov, shows data")
Rupee weakens to new closing low of 84.87 due to rise in US Treasury yields
The rupee had settled at Rs 84.80 per dollar on Friday
 "Rupee weakens to new closing low of 84.87 due to rise in US Treasury yields")
Circular economy may create over 10 mn jobs by 2050: Amitabh Kant
Kant said the circular economy can be a driver of growth, and this transition not only promises cost savings but also positions India to capitalise on the global circular economy market
 "Circular economy may create over 10 mn jobs by 2050: Amitabh Kant")
Pakistan's central bank cuts key policy rate by 200 basis points to 13%
The State Bank of Pakistan (SBP) announced that its Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 13 per cent, effective from December 17, 2024
 "Pakistan's central bank cuts key policy rate by 200 basis points to 13%")
Hurt by weak yuan, rise in US bond yields, Rupee logs record closing low
A decline in the yuan and elevated US bond yields had weighed on the rupee through the session and the currency declined further after the trade data was released
 "Hurt by weak yuan, rise in US bond yields, Rupee logs record closing low")
India's merchandise trade deficit widens to $37.8 billion in November
Economists had expected the country's November trade deficit to be $23.9 billion
 "India's merchandise trade deficit widens to $37.8 billion in November")
Hybrid tenders: A catalyst for achieving India's clean energy goals
Hybrid tenders, combining traditional and renewable energy sources, are crucial for shaping a country's energy future
 "Hybrid tenders: A catalyst for achieving India's clean energy goals")
