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Why the ‘Impossible Trinity’ is pushing RBI toward strengthening the rupee

RBI has signalled that letting rupee strengthen is least bad option as economy shifts from being a global growth hotspot to a Covid hotbed.

Iraq PM Mustafa al-Kadhimi bets big on economic reforms

Kadhimi's govt is pushing a soup-to-nuts overhaul in the next three to five years. The path of least resistance would have been to wait until the general election next summer.
A worker stands in front of steel tubes at the Steel Authority of India Ltd in Rourkela, Odisha | Dhiraj Singh | Bloomberg File photo

India’s steel demand bounces back at faster-than-expected rate

While demand in the second quarter is still down about 10% from a year earlier, it has more than doubled from the previous quarter.

Kotak Mahindra Bank is exploring taking over IndusInd Bank

IndusInd, however, denied any sale talks, calling it a rumour. It said the bank’s founders reiterate their full support 'now and always'.
Mukesh Ambani | Simon Dawson/Bloomberg

Mukesh Ambani and Jeff Bezos are set for a face-off over who gets Future Retail

Hearing Amazon’s request for an interim order, an arbitration court in Singapore has put temporary hold on Future Group's $3.4 bn deal to sell assets to Mukesh Ambani’s Reliance.

Karnataka High Court stops Franklin Templeton debt funds closure without investor consent

Franklin Templeton shut six of its fixed-income and credit-risk funds run in India in April, locking in Rs 308 billion of investor monies following a liquidity crisis.
File image of a sign outside the Income Tax office | Photo: Brent Lewin | Bloomberg

Govt extends deadline for filing income tax return till 31 December

Earlier in May, the govt had extended the date for filing ITR for FY2019-20 from 31 July to 30 November to give compliance relief to taxpayers.

Why millions of women are going to quit their jobs due to Covid

Nearly 2 million women are considering taking a leave of absence or leaving the workforce altogether, according to the McKinsey ‘Women in the Workplace’ report.
Martin Wolf, chief economics commentator, Financial Times

With right policies, India can be most attractive place for FDI, says FT columnist Martin Wolf

Understanding who 'real Modi' is an issue since PM made some 'strange' decisions, said economy expert Martin Wolf in conversation with ThePrint’s Editor-in-Chief Shekhar Gupta.
An employee counts Indian rupee banknotes at a Walmart Inc. Best Price Modern Wholesale store in Hyderabad, India, on 16 March 2019 (Representational Image) | Photo: Dhiraj Singh | Bloomberg

In ‘Diwali bonus’, govt waives interest-on-interest even for those who didn’t opt for moratorium

After its affidavit to SC, govt orders issues waiver norms including cashback by 5 November. All standard accounts up to 29 February eligible for benefits.

On Camera

A file photo of Turkey President Recep Tayyip Erdogan. | Photo: Jeenah Moon/Bloomberg

How France-Turkey’s probable but unlikely conflict has been shaped by Erdogan’s politics

In episode 604 of #CutTheClutter, Shekhar Gupta explains the recent France-Turkey conflict and the deeper implications of this row.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Tax revenues decline 22% in April-September, at one-fourth of full year target

Tax revenues declined 22 per cent from the year-ago period to Rs 4.58 lakh crore and were at 28 per cent of the full year target of Rs 16.36 lakh crore in the April-September period.

Defence

Army personnel during a parade (representational image) | Photo: Suraj Singh Bisht | ThePrint

Army develops WhatsApp-like app for personnel to dodge risk of communication leaks

The Secure Application for Internet supports secure voice, text and video-calling services for Android platforms over the internet. It is end-to-end encrypted. 
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.