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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies

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INDIAN EXPRESS

1.

Amid US tariffs, Delhi & Moscow reiterate $100-bn target for bilateral trade by 2030

India and Russia on Friday reiterated their commitment to increase bilateral trade to $100 billion from the current level of $70 billion by 2030 and boost settlements using their domestic currencies after the summit meeting between Prime Minister Narendra Modi and Russian President Vladimir Putin.


2.

For Putin, a political win; for India, a stable partner

Russian President Vladimir Putin has concluded his two-day state visit to India and has every reason to go back to Moscow a happy man. For a leader being subjected to Western sanctions and international isolation, a reception at the airport by the Prime Minister of India and riding back to the latter's official residence, accompanied by his host, were unusual gestures of courtesy that may grate in Western capitals.


3.

Low inflation gives RBI space to support growth

In the run-up to the December meeting of the RBI's Monetary Policy Committee, there was a heated debate on what the committee ought to do. The meeting was being held against the backdrop of a peculiar situation - high real growth, record low inflation, and a falling rupee. Recent data showed that the Indian economy grew at a robust 8.2 per cent in the second quarter of the year. Strong growth was observed across all sectors-agriculture, manufacturing and services.


4.

Low inflation gives RBI space to support growth

In the run-up to the December meeting of the RBI's Monetary Policy Committee, there was a heated debate on what the committee ought to do. The meeting was being held against the backdrop of a peculiar situation - high real growth, record low inflation, and a falling rupee. Recent data showed that the Indian economy grew at a robust 8.2 per cent in the second quarter of the year. Strong growth was observed across all sectors-agriculture, manufacturing and services. -10


5.

Significance of DRDO's recent fighter pilot ejection test

The Defence Research and Development Organisation (DRDO) on Tuesday conducted a successful high-speed rocket-sled test of a fighter aircraft escape system at controlled velocity. The technical achievement places India in an elite club of nations with advanced inhouse escape system testing capability.


6.

Why Delhi HC rejected semaglutide patent suit 

Refusing to grant an interim injunction sought by Danish pharmaceutical giant Novo Nordisk, the Delhi High Court on Tuesday allowed Dr Reddy's Laboratories (DRL) to continue manufacturing and exporting its version of the drug containing semaglutide


7.

Amid rupee's fall, how investors are shunning the economy

In recent days, the Indian rupee's exchange rate against the dollar has made headlines. More often than not, the primary reason for weakness in the exchange rate has been India's trade deficit (simply, the fact that India imports more than it exports) and India's current account deficit. Basically, more money (read dollars) was flowing out of India than coming in


8.

RBI to pump almost Rs 1.5 lakh cr into banking system this month

The Reserve Bank of India (RBI) will pump in about Rs 1.5 lakh crore into the Indian banking system in December, Governor Sanjay Malhotra said on Friday, even as he announced the Monetary Policy Committee's (MPC) decision to reduce the repo rate by 25 bps to 5.25 per cent - the lowest in over three years


9.

Central bank rewards 'goldilocks' phase, more rate cuts on horizon

Sanjay Malhotra will complete one year as the Reserve Bank of India's governor next week. Despite it having been the proverbial baptism by fire - a global trade war, 50 per cent US -tariffs, multiple geopolitical conflicts, and resultant policy and economic uncertainty - the year could have hardly gone any better for the Indian economy. And Malhotra knows it.


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