Moody's Ratings has revised India's GDP growth forecast for 2025 to 6.3% due to global policy uncertainty and trade limitations. Geopolitical friction with Pakistan and terror attacks present additional risks. While maintaining a 6.5% growth prediction for 2026, Moody's anticipates the RBI will implement rate cuts to bolster domestic economic growth.
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Apple's new AI notification feature, Apple Intelligence, is under fire for generating false news headlines. The system wrongly reported that murder suspect Luigi Mangione had committed suicide, attributing the false news to the BBC. This follows another incident where the AI misrepresented a New York Times story about Israeli Prime Minister Benjamin Netanyahu.
The Anti-Corruption Bureau (ACB) filed a case against former minister KT Rama Rao, ex-principal secretary Aravind Kumar, and HMDA chief engineer BLN Reddy for alleged financial irregularities. They are accused of diverting Rs. 55 crores to a London-based company during the Formula E racing event in Hyderabad.
The new tax regime offers significant benefits for income up to Rs 12 lakh (Rs 12.75 lakh for salaried), surpassing the old regime's appeal despite deductions. Choosing the old regime makes sense for higher incomes if substantial investments in tax-saving schemes are made. At Rs 20 lakh and above, the new regime shows substantial savings over the old.
Google suspended 2.9 million advertiser accounts and removed 247.4 million ads in India in 2024 due to policy violations. Globally, over 39.2 million accounts were suspended and 5.1 billion ads were taken down. The company implemented over 50 improvements to its LLMs and suspended 700,000 accounts, leading to a 90% drop in scam ad reports.
Bangladeshi nationals like Nizamuddin Minto and Albert Ripon Ballove won't be able to participate in Kolkata's Christmas celebrations due to ongoing visa restrictions. Minto, who has volunteered at the Missionaries of Charity for 17 years, and Ballove, who visits annually, share a long association with the city and its festive atmosphere.
Dr. Poonam Gupta has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, making her the first woman to hold this position in over a decade. With an illustrious career spanning the World Bank, IMF, and NCAER, Gupta brings extensive experience in economic policy and research. Her role will focus on monetary policy, financial markets, and inflation management, guiding the RBI through economic challenges and growth opportunities.
Apple has initiated a legal challenge against the UK government's demand to create a back door in its iCloud ADP system. The Investigatory Powers Tribunal will determine the legality of the UK's notice, with the case involving national security and privacy concerns. Apple argues that compliance would compromise user security.
Japan will gift India two Shinkansen train sets for inspection on the Mumbai-Ahmedabad High-Speed Rail corridor, expected by early 2026. These trains will help Indian engineers familiarize themselves with Shinkansen technology. Phase 1 is set to open on a 48 km stretch in Aug 2026, while Maharashtra faces delays due to tunnelling work.
Indian pacer Akash Deep credits Jasprit Bumrah's guidance for his improved performance during his first Australian tour. Despite initial bad luck in the Brisbane Test, Akash Deep persevered, eventually taking key wickets. He reflected on the challenges of bowling with the old ball and the unpredictable nature of luck. Akash Deep, who did not feature in the playing XI for the first two Tests against Australia, was brought in to replace Harshit Rana for the third Test in Brisbane.
OpenAI is concerned about Chinese companies imitating its advanced AI models and is taking steps to prevent this. Meanwhile, OpenAI faces numerous copyright infringement lawsuits globally, including in India, with accusations of using copyrighted content to train ChatGPT. Indian publishers and media outlets have joined ongoing legal actions over these issues.