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Bitchat, the messaging app built by Jack Dorsey, has been removed from Apple’s India App Store after a government demand, according to Dorsey. The move revives scrutiny around the app in India, where it had already drawn official attention in July, and raises fresh questions about platform compliance and digital governance.
A surge in demand tied to artificial intelligence is helping propel global trade growth above the broader pace of the world economy, according to an IMF economist, with China and India emerging as clear beneficiaries. The trend underscores how the AI buildout is reshaping supply chains, boosting exports of advanced components and services, and reinforcing Asia’s role in the next phase of trade expansion.
State Bank of India economists have called for the removal of long-term capital gains tax on equities, arguing that India needs stronger incentives to retain domestic and foreign capital in its stock market. The recommendation comes as foreign portfolio investors have pulled out more than Rs 3 lakh crore this year, intensifying concerns over valuation, liquidity, and the absence of a credible domestic AI-led growth narrative.
The Reserve Bank of India’s decision to raise the repo rate by 25 basis points and shift its policy stance to “calibrated tightening” has been read by economists as a clear warning that the easing cycle is over. Analysts say the central bank has left the door open for at least another 50 basis points of hikes if inflation and external pressures do not soften.
The Reserve Bank of India’s decision to raise the repo rate by 25 basis points and shift its policy stance to “calibrated tightening” has reinforced expectations that the easing cycle is over. Economists said the move is a clear hawkish signal, with at least 50 basis points of additional tightening still on the table if inflation pressures persist.
The Reserve Bank of India’s Monetary Policy Committee has begun a three-day meeting that will decide the near-term path for borrowing costs at a time when economists are divided over whether an immediate rate hike is warranted. The panel, meeting from October 5 to 7, comes in after keeping the repo rate unchanged at 5.25 per cent in August and maintaining a neutral policy stance.
The Reserve Bank of India’s Monetary Policy Committee has begun its three-day meeting in a finely balanced macroeconomic environment, with markets and economists divided over whether the central bank should hold rates or move to an immediate hike. The panel meets from October 5 to 7 after leaving the repo rate unchanged at 5.25 per cent in August and maintaining a neutral policy stance.
State Bank of India economists said the Reserve Bank of India’s Monetary Policy Committee is now likely to begin a rate-hike cycle with a 25-basis-point increase in the repo rate, taking it from 5.25% to 5.50%. They argued that the balance of risks has shifted decisively toward tightening as inflation pressures and policy credibility concerns outweigh the case for further patience.
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