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With core inflation touching an all-time low, which is an indication of excess capacity in the economy, it makes a strong case for rate cuts by the Reserve Bank of India, says Jahangir Aziz, Head Emerging Market Economics at JP Morgan in an interview with The Economic Times. He also talks about how debt flows from the index inclusion could help in easing the balance of payments along with softer bond yields. Even as geopolitics is crucial, it is the outcomes of the US elections which will have a bigger influence on the markets. Below are edited excerpts from the conversation: What is your assessment of the 50 bps rate cut by the Fed last week and its impact on the Indian market ? We had expected 50 basis points of rate cut after the July non-farm payroll came in.

Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy. Prime Minister Narendra Modi in a post on X stated that Make in India has led to a rise in exports in different sectors, building capacities and strengthening economy.

Donald Trump makes his closing economic argument before the election, he is outlining a vision for a manufacturing renaissance that reprises a familiar pitch: Make goods in America and enjoy low taxes, or face punishing tariffs. Trump's pitch combines the type of carrots-and-sharp-sticks approach that he called «America First» during his first term, when he imposed stiff tariffs on allies and competitors while lowering taxes on American firms. During a speech in Savannah, Georgia, on Tuesday, Trump suggested he would go far beyond that initial approach and adopt what he rebranded a «new American industrialism.»

Rahul Gandhi on Wednesday questioned the Centre's 'Make in India' project and alleged that GST and demonetisation were used as weapons to clear roads for business tycoons like Adani and Ambani. Addressing an election rally in support of Congress-National Conference (NC) alliance candidates from 11 assembly segments of Jammu district, Gandhi accused the BJP of using central agencies like the Enforcement Directorate (ED), Central Bureau of Investigation (CBI) and Income Tax (IT) to browbeat opponents. The Jammu district along with six other districts is going to polls in the third and final phase of Jammu and Kashmir elections on October 1. «They (BJP) are talking about 'Make in India' and the defence industry but the reality is that all the contracts are going to people like Adani. An Israeli company is making weapons and Adani is pasting his label.

Bangladesh will soon take steps to hold negotiations with India over the sharing of water of transboundary rivers, an adviser of the interim government said on Wednesday. India and Bangladesh were set to sign a deal on Teesta water sharing during then-Prime Minister Manmohan Singh's visit to Dhaka in 2011, but West Bengal Chief Minister Mamata Banerjee declined to endorse it, citing a scarcity of water in her state. Speaking at a seminar titled 'Bangladesh's Fair Share of Water in Shared Rivers' here, Water Resources Adviser Syeda Rizwana Hasan said Bangladesh would soon take steps to hold negotiations with India over the sharing of water from transboundary rivers, state-run BSS news agency reported.

Unemployment, farmers' demand for a legal guarantee to MSP, the Agnipath scheme, and law and order are some of the key issues in the high-stakes Haryana assembly polls slated for October 5. Haryana is witnessing a multi-cornered contest this time, with the ruling BJP facing anti-incumbency and a resurgent Congress. Other players in the contest are the Aam Aadmi Party, contesting independently, and JJP-Azad Samaj Party and INLD-BSP combine. The opposition Congress has launched a vitriolic attack on the 10-year-regime of the BJP in Haryana, alleging that unemployment rate in the state is «highest» in the country.

Subscribe to enjoy similar stories. BERLIN—Governments across Europe are raising new barriers to immigrants, aiming to curb near-record inflows of people from poor countries that are triggering a surge in support for nationalist populist parties. The biggest swing in sentiment has been in Germany, long a proponent of generous policies toward refugees.

defence production hit a record high of Rs 1.27 lakh crore in 2023-24, with the country exporting military hardware to over 90 nations, Defence Minister Rajnath Singh announced on Wednesday. The milestone aligns with the 10th anniversary of the 'Make in India' programme under the NDA government. Started under Prime Minister Narendra Modi, this initiative aimed to achieve self-reliance across various sectors, including defence. Singh noted, «Ten years since then, many reforms have been made in every sector including the defence sector. India is rising on the defence industrial landscape of the world.» In recent years, several measures were taken to promote domestic defence manufacturing, focusing on enhancing military preparedness, particularly along the China border. Defence exports surpassed Rs 21,000 crore for the first time in 2023-24. The ministry targets increasing this to Rs 50,000 crore within five years.

Uttar Pradesh government is looking to offer job opportunities to youths in the advanced technology areas such as artificial intelligence (AI), and software and electronics sectors as it invites multinationals to put in big-ticket investments in India's northern state. «We should be focused on providing high-end jobs to our youth in areas like AI, electronics, and software. The foreign direct policy of Uttar Pradesh allows us to partner with big investors,» Awanish Kumar Awasthi, Advisor to UP Chief Minister Yogi Adityanath said. Awasthi further said that the government expects the private sector to set up their bases in the state, and provide employment opportunities to the youth.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

British Prime Minister Keir Starmer has tried to shake off his image as a gloom-monger by telling voters that better times are on the way — eventually

Over 2,000 participants from over 80 countries descended on New York this week for the Clinton Global Initiative

Nuh, counted amongst the country's most backward areas, Rabia Kidwai has broken a glass ceiling — becoming the first woman to contest Assembly polls from the constituency where women are rarely seen without a veil, let alone lead a political campaign and fight an election. While the 34-year-old businesswoman from Gurguram is aware of the myriad challenges that confronts her — the deep-rooted gender bias, the outsider tag in Nuh, the general lack of awareness and education among voters, and seasoned political opponents — she also knows she represents a change which is precisely why, she feels, people would vote for her in these assembly polls in Haryana. Kidwai, granddaughter of former state Governor Akhlaq Ur Rehman Kidwai, has been fielded by the Aam Aadmi Party (AAP). Up against her are battle-hardened Congress MLA Aftab Ahmed and Indian National Lok Dal's Tahir Hussain, who also holds sway among the locals. Kidwai is up for the challenge though, banking on her family's political lineage and her being a woman. As the polling day nears, she is busy campaigning, seeking votes for herself and her party.

BEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said.

Antonio Guterres in recent years that the global situation is becoming intolerable and unsustainable. «We can't go on like this,» the secretary-general said in an alarming state-of-the-world address as he opened the annual high-level gathering of the U.N.'s 193 member nations. He said the world is in «an era of epic transformation» and facing challenges never seen before, with geopolitical divisions deepening, the planet heating and wars raging in the Middle East, Ukraine, Sudan and elsewhere with no clue how they will end.

suicide pod.”The “Sarco” pod has been in the works for years, but up until now has never been used.The Sarco pods — short for sarcophagus — allow a person to control their death inside the pod by quickly reducing internal oxygen levels. The person intending to end their life is required to answer a set of pre-recorded questions, then press a button that floods the interior with nitrogen.

The strike hit three floors of a six-story building. It was Israel's third strike over Beirut in less than a week Kobeissi is the first member of the militant group pronounced dead since Israel and Hezbollah entered a more intense phase of the ongoing conflict.

Ukraine's president dismissed the notion of peace talks with Moscow on Tuesday, calling instead for unspecified global «action» to force Russia into peace for invading his country and to comply with the U.N. Charter's requirement that every country respect the sovereignty and territorial integrity of all other nations. Volodymyr Zelenskyy told the U.N. Security Council that Russian President Vladimir Putin is committing «an international crime» and has broken so many international rules that he won't stop on his own. «And that's why this war can't simply fade away. That's why this war can't be calmed by talks,» Zelenskyy said at a meeting on the sidelines of the annual gathering of world leaders at the General Assembly. «Russia can only be forced into peace, and that is exactly what's needed — forcing Russia into peace as the sole aggressor in this war, the sole violator of the U.N. Charter.»

Hezbollah targets in Lebanon, in an offensive that has plunged the country into uncertainty over what Israel will do next and how the militant group might respond. The strikes came a day after a vast wave of Israeli airstrikes, targeting about 1,600 sites in parts of the country where Hezbollah holds sway, killed hundreds of people and set off a mass flight of civilians from southern Lebanon to Beirut, the capital. The streets were clogged with traffic, and displaced people were sleeping in their cars. Hezbollah also fired about 300 rockets at northern Israel on Tuesday, according to the Israeli military, keeping up the assault it began Oct. 8, a day after its ally Hamas led the deadly attack on southern Israel from the Gaza Strip. Most of the rockets were intercepted by Israel's missile defense system, but about six people sustained minor injuries, the military said.

Jaishankar, said that when he said that 75 per cent of the border dispute between the two countries have been sorted, he is only talking about the 'disengagement' part, while adding that challenge persists in other aspects. While addressing the Asia Society at the Asia Society Policy Institute on Tuesday (local time), the Foreign Minister highlighted how China violated the previous agreements during Covid pandemic, by increasing the troop deployment at the border, eventually resulting in clashes resulting in casualties on both sides. This incident, according to Jaishankar, has overshadowed the bilateral relationship.

Keir Starmer tried to shake off his image as a gloom-monger on Tuesday, telling voters exhausted by years of political and economic turmoil that better times are on the way — if they swallow his recipe of short-term pain for long-term gain. Starmer capped the Labour Party's first annual conference since winning a landslide election victory in July with a speech arguing that things will be «tough in the short term» but there is light at the end of the tunnel. Some members of the center-left party say Starmer has made that dark tunnel longer by delivering downbeat messages about the economy since becoming Britain's first Labour prime minister for 14 years. That and a distracting row about freebies have overshadowed what should be a celebratory gathering for thousands of party members in the northwest England port city of Liverpool.