Friday, August 07
New Delhi: The rupee is "punching below its weight," said the Economic Survey, pointing to the surprising lack of foreign investment despite India's strong fundamentals. Tepid foreign inflows have caused the balance of payments to swing into deficit, exerting pressure on the rupee amid uncertainty over India's trade deal with the US. "Investor reluctance to commit to India warrants examination," chief economic adviser V Anantha Nageswaran wrote in the preface to the survey that laid down measures to attract foreign investment. The Indian currency has depreciated over 6.5% in the current financial year against the US dollar, ranking it among the worst-performing Asian currencies alongside Japanese yen. "The rupee's valuation does not accurately reflect India's stellar economic fundamentals,
Mumbai: Mutual funds, pooling together a slice of savings by millions of ordinary Indians, have helped offset the impact of volatile flows into local equities from overseas money managers, the Economic Survey said, underscoring the increasing role of domestic investors in powering the growth story of the world's fastest-expanding major economy. The Survey notes that domestic institutional investors (DII), particularly mutual funds and insurance companies, have remained consistent net buyers of equities even during phases of heavy selling by foreign portfolio investors (FPI). Driven largely by global financial conditions rather than domestic macroeconomic factors, FPIs recorded six months of net outflows and three months of sizable inflows during April-December 2025.127788384 Mutual funds h
Portugal has introduced major immigration reforms that change visa pathways, family reunification rules, and residence options for foreign nationals. The changes focus on attracting highly skilled professionals while tightening entry and stay regulations. According to Fragomen, the reforms mark a shift towards stricter visa screening before arrival and closer alignment with immigration systems followed in other European countries. New skilled job-seeking visa to replace earlier routePortugal replaced its job seeker visa in October 2025. The earlier visa allowed eligible foreign nationals to enter the country and search for employment. It will be replaced with a “highly skilled work-seeking visa,” which will be available only to qualified professionals. Applications for this visa have n
Washington: Kevin Warsh, a former US Federal Reserve official tipped to be named its chief by President Donald Trump on Friday, was long an inflation foe but has aligned his views with those of Trump officials seeking aggressive interest rate cuts.Trump said he would announce his pick after the Fed held its benchmark rate steady this week under Chairman Jerome Powell, whom the president again slammed as a "moron".The months of personal attacks have fuelled widespread fears among investors that the Fed's policy independence is under threat, potentially posing an inflation risk to the world's biggest economy.According to US media reports, Warsh has edged out three other contenders for the Fed job: Fed Governor Christopher Waller, Rick Rieder of the investment behemoth BlackRock, and Trump's
New Delhi: The revision of base years for key economic indicators such as GDP, Consumer Price Index (CPI) inflation and the Index of Industrial Production (IIP) is expected to significantly improve the quality and usability of data for artificial intelligence (AI) and machine learning applications, Secretary of the Ministry of Statistics and Programme Implementation (MoSPI) Saurabh Garg said on Friday.While speaking with ANI, Garg said these indicators are critical inputs for institutions that project future economic growth, while the government continues to publish actual growth rates for current and past years."It is extremely important to update base years because the structure of the economy changes over time, new data sources become available, and methodologies of data collection also
