AAPKaFinance#E6

1. Disinvestment Target Reduction: The Indian government is expected to reduce its disinvestment and asset monetization target by 40% for the fiscal year 2024-25, lowering the goal to less than ₹300 billion from the initial ₹500 billion.

   https://www.reuters.com/world/india/india-likely-cut-disinvestment-goal-by-40-fy25-economic-times-reports-2025-01-18/

   

2. Widening Gold Discounts: Gold discounts in India have reached a six-month high due to increased domestic prices, dampening demand as buyers await the annual federal budget. For India: The widening discounts suggest sluggish demand and possible challenges for the gold industry.

   https://www.reuters.com/markets/commodities/asia-gold-india-discounts-widen-6-month-high-china-sees-new-year-boost-2025-01-17/

   

3. Food Inflation Concerns: Despite an expected economic rebound, persistent food inflation requires close monitoring, as indicated by the Reserve Bank of India (RBI).

   https://www.reuters.com/world/india/indias-economy-set-rebound-food-inflation-needs-monitoring-cenbank-says-2025-01-17/

   

4. Decline in Gems and Jewellery Exports: India's gems and jewellery exports declined by 10.29% in December 2024 amid economic uncertainty.

   https://economictimes.indiatimes.com/news/economy?from=mdr

   

5. Falling Forex Reserves: India's foreign exchange reserves fell to $625.87 billion, down by $8.7 billion as of January 10, 2025

   

6. Concerns Over Middle Class: Economist Raghuram Rajan expressed worries about the shrinking Indian middle class ahead of the budget, highlighting income stagnation and rising inequality.

   https://economictimes.indiatimes.com/news/economy/policy/ahead-of-budget-2025-former-rbi-chief-raghuram-rajan-says-he-is-worried-about-the-big-indian-middle-class/articleshow/117325537.cms?from=mdr

   

7. Weaker Rupee Impact: A depreciating rupee and exchange rate volatility have complicated the possibility of the RBI's Monetary Policy Committee cutting rates in February, with the RBI attributing these issues more to global sentiments than to domestic inflation or interest rate differences.

   https://www.reuters.com/world/india/indias-economy-set-rebound-food-inflation-needs-monitoring-cenbank-says-2025-01-17/

   

8. Decline in Exports to China: India's exports to China saw a significant decline in December 2024, contributing to concerns over trade balances. Exports to China witnessed the sharpest decline at 26.15 per cent, followed by the Netherlands at 25.89 per cent, UAE at 23 per cent, and Singapore at 10.95 per cent, respectively.

   

9. Slowing Consumption: A decline in consumer spending has been observed, marking the first such drop in 40 years, indicating weakening demand in the economy.

   https://www.reuters.com/world/india/indias-economy-set-rebound-food-inflation-needs-monitoring-cenbank-says-2025-01-17/

10. Proposed US restriction on AI chip export threatens India's AI hardware plans: IESA

    https://economictimes.indiatimes.com/tech/artificial-intelligence/proposed-us-restriction-on-ai-chip-export-threatens-indias-ai-hardware-plans-iesa/articleshow/117296627.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

11. IMF Maintains India's GDP Growth Forecast: The International Monetary Fund (IMF) has retained its projection for India's economic growth at 6.5% for the fiscal years 2025-26 and 2026-27. This decision reflects confidence in India's economic stability despite global uncertainties.

    https://www.business-standard.com/economy/news/imf-retains-india-s-economic-growth-outlook-for-fy26-and-fy27-at-6-5-125011700939_1.html

    

12. Government Reduces Rice Reserve Price: The Indian government has lowered the reserve price of rice under the Open Market Sale Scheme (OMSS) to ₹2,250 per quintal. This move aims to increase the availability of rice in the domestic market and control rising prices.

    https://www.livemint.com/economy/govt-cuts-reserve-price-of-rice-for-omss-to-2-250-per-quintal-record-levels-ethanol-11737132290342.html

    

13. Projected Increase in Pulse Production: The government forecasts a 3% rise in tur (pigeon pea) production and an 18% surge in Kharif moong (green gram) output. This anticipated growth is expected to enhance food security and stabilize pulse prices.

    https://www.livemint.com/economy/govt-projects-2-5-rise-in-tur-production-20-surge-in-kharif-moong-output-to-ensure-price-stability-onions-11737124567711.html

    

14. India Must Join Larger Trade Deals, Says RBI: The Reserve Bank of India (RBI) emphasized the importance of India participating in larger trade agreements to boost exports and integrate more deeply into global supply chains. This strategy is seen as vital for sustaining long-term economic growth.

    https://www.moneycontrol.com/news/business/economy/rbi-bulletin-india-must-join-larger-trade-deals-boost-infrastructure-to-tackle-global-risks-12913468.html

    

15. India Must Cut Tariffs to Stay Competitive: The U.S. ambassador to India suggested that India should reduce tariffs to remain competitive in the global market.

    https://www.moneycontrol.com/news/business/india-must-cut-tariffs-to-stay-competitive-us-ambassador-to-india-12913244.html

16. Weaker Rupee to Increase Import Bill: The Global Trade Research Initiative (GTRI) reported that a weaker rupee is expected to raise India's import bill, impacting the trade deficit.

    https://www.thehindu.com/business/markets/weaker-rupee-to-push-indias-import-bill-says-global-trade-research-initiative/article69107890.ece#:~:text=The%20weaker%20rupee%20will%20push,(January%2017%2C%202025).

    

17. Government's Telecom Plan: The Indian government is considering a ₹1 lakh crore plan to prevent a duopoly in the telecom sector, aiming to ensure fair competition and consumer choice.

    https://economictimes.indiatimes.com/industry/telecom/telecom-news/in-big-relief-for-telcos-govt-weighs-rs-1-lakh-cr-agr-dues-waiver/articleshow/117341342.cms?from=mdr

    

18. Cement dealers across the country have hiked prices since the start of December after four to five months of flat prices that has reduced dealer margins and affected the profits of cement companies.

    https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/cement-dealers-hike-prices-across-india-in-december/articleshow/116179925.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

19. Indigenous “bullet train” projects may face financing hurdles The railways, with little operational surplus with it, and relying heavily on budget funds for its massive capex requirements, have no option but to resort to multilateral lending for the high-speed rail projects.

20. Indians lose Rs 662 cr to visa refusals: US, Schengen travel still a dream

21. Over the past week, the Indian rupee (INR) has experienced notable fluctuations against the U.S. dollar (USD)

    https://www.google.com/finance/quote/USD-INR?hl=en&window=5D

    

22. Over the past week, crude oil prices have experienced notable fluctuations influenced by geopolitical events and market dynamics

    https://www.google.com/finance/quote/CLW00:NYMEX?hl=en&window=5D

23. Throughout the week, the Nifty 50 index experienced volatility, influenced by factors such as corporate earnings reports and market sentiment.

    https://www.google.com/finance/quote/NIFTY_50:INDEXNSE?hl=en&window=5D

    

24. Employment corner

    This week total 70 state/central etc. job notifications have came.

25. Exam Results

    This week total 19 state/central etc. result notifications have came.

Note: For news recording check this link out in twitter https://x.com/i/spaces/1MnGnDMVNLMxOhttps://x.com/i/spaces/1MnGnDMVNLMxOhttps://x.com/i/spaces/1MnGnDMVNLMxO