Significant developments occurred on Monday, including significant stock market trends, economic growth projections, and heated political debates.
The Indian stock market’s benchmark index, Nifty 50, closed almost a per cent lower due to losses in banking heavyweights such as HDFC Bank and ICICI Bank. Despite this, the economy is projected to grow at 6.6% in FY25, driven by rural consumption, government investment, and strong services exports.
RBI reported that the financial system’s resilience was assessed by a sub-committee, reflecting the risks to financial stability. Meanwhile, the IT Department has clarified that Digiyatra data will not be used to crack down on tax evaders.
Andhra Pradesh Deputy CM Pawan Kalyan defended Telangana CM Revanth Reddy in connection with Allu Arjun’s arrest in a stampede case at the Sandhya Theatre. LG VK Saxena expressed disapproval of AAP chief Arvind Kejriwal’s remarks about Atishi, Delhi Chief Minister.
The Indian economy showed resilience and stability, with a projected GDP growth rate of 6.6% in 2024-25. Parts of northern India will face ‘cold day conditions’ over the next few days due to dense fog and cold temperatures. Former US President Jimmy Carter passed away at 100 years old, leaving behind a legacy of peace and compassion.
Additionally, Elon Musk supported Poornima Rao’s claims that her son’s death was not a suicide but murder. Astronomers continue searching for Planet Nine, a potential ninth planet in the solar system.
Source: https://www.livemint.com/news/top-news-on-dec-30-sensex-drops-rbi-report-on-economy-jimmy-carter-dies-imd-warns-of-dense-fog-in-north-india-more-11735565987030.html