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China has requested the WTO's dispute settlement body to establish a panel to examine its case against India's incentive schemes for auto, battery, and electric vehicles. Bilateral consultations failed to resolve the dispute, with China alleging the schemes violate global trade rules by discriminating against its goods.
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News and Media
Saudi Arabia is transferring some Vision 2030 project scopes to the private sector to avoid economic overheating and manage timelines. The government is being agile, rescoping projects while maintaining momentum on its economic transformation goals. The kingdom is over halfway through its ambitious plan, with the non-oil economy now exceeding 55% of GDP.
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News and Media
RBI MPC member Nagesh Kumar urged the government to offer policy incentives for R&D and establish an institutional fund for long-term manufacturing capital in the upcoming Budget. He also suggested restoring the 200% weighted tax deduction for R&D expenditure and creating a specialized development financing institution for manufacturing to boost growth and competitiveness.
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News and Media
Market regulator Securities and Exchange Board of India (Sebi) has proposed an asset under management (AUM) threshold of Rs 20,000 crore to consider a benchmark or index as 'Significant Indices'.
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News and Media
PPFAS Mutual Fund has launched the Parag Parikh Large Cap Fund, offering cost-efficient exposure to Indias top 100 companies. The NFO targets long-term investors seeking index-like returns with low active risk and disciplined execution, while avoiding concentrated stock bets.
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News and Media