Economy
AIFs can play critical role in job creation: Former Sebi chief Sinha
The career bureaucrat who served as Sebi chairman for 6 years said there are other challenges confronting the economy as well, but singled out jobs as a critical function where AIFs can be of help
 "AIFs can play critical role in job creation: Former Sebi chief Sinha")
Rupee weakens to new low of 84.93 as trade deficit hits record high
The local currency settled at Rs 84.90 per dollar as the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales
 "Rupee weakens to new low of 84.93 as trade deficit hits record high")
Business activity between India, UK flourishes in 2024, shows HSBC data
In the nine months to October 2024, the value of payments made by HSBC UK business clients to India reportedly rose by 32 per cent and the bank received 36 per cent more new business client referrals
 "Business activity between India, UK flourishes in 2024, shows HSBC data")
About 4 out of 10 individuals in rural, semi-urban India prefer UPI: Report
Yet UPI is the most preferred mode of financial transactions in such regions
 "About 4 out of 10 individuals in rural, semi-urban India prefer UPI: Report")
Q2 growth a temporary blip, economy to see better growth: FM Sitharaman
The Indian economy grew 6.7 per cent in the April-June quarter and 5.4 per cent in the July-September period of FY2024-25
 "Q2 growth a temporary blip, economy to see better growth: FM Sitharaman")
India's semiconductor ambitions take wing but water, talent issues remain
Semiconductor manufacturing requires extremely large volumes of pure and cold water, which only some states have; attracting the right talent also a challenge
 "India's semiconductor ambitions take wing but water, talent issues remain")
Milk industry sounds the alarm as India's production growth sees steep fall
Annual growth rate in milk production which was 3.83 per cent in FY23 has slowed down further to 3.78 per cent in 2023-24 fiscal
 "Milk industry sounds the alarm as India's production growth sees steep fall")
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")
