13/01/2025
India plans to raise FDI limit to 100% in the insurance sector, amend key provisions of the 1938 act. Public comments invited until December 10.
Indian GDP hits a 7 quarter low of 5.4% of Q2 amid manufacturing slump. This is a cyclical downturn that we see every 3-4 years for a brief period of a couple of quarters. That will certainly be a dampener for a couple of quarters.
Fiscal deficit at 46.5% of full year target by October end. So, we will achieve the budget figures more or less.
Core sector output increases by 3.1% in October.
S&P ratings cut growth projections for China.
Government working on platform for insolvency ecosystem.
Moody’s changes outlook on 7 Adani companies to negative.
Major insurance law amendment being mulled, top changes could include license and FDI.
China launches world’s first self-driving satellite.
India Russia trade at $66 billion in 2024. Target is to reach $100 billion soon.
India Russia partnership on Railways may extend further. Russian companies will set up manufacturing facilities in India and source from India for their local Russian requirements.
Auto dealers urge State Governments to quickly implement scrappage policy.
Government launches first auction of offshore mineral blocks, 13 mines up for sale.
India tests ballistic missile launched submarine with 3500 KM RANGE.