Business
India’s Forex reserves slide by over $2.47 bn
Reserve Bank of India (RBI) logo.
India’s foreign exchange reserves fell by $2.470 billion, during the week ended August 20.
According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves decreased to $616.895 billion from $619.365 billion reported for the week ended August 13.
India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country’s reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $3.365 billion to $573.009 billion.
However, the value of the country’s gold reserves rose by $913 million to $37.249 billion.
On the other hand, the SDR value slipped by $3 million to $1.541 billion.
In addition, the country’s reserve position with the IMF decreased by $15 million to $5.096 billion.
Business
Govt committed to boost ease of living, continue reform trajectory, says PM Modi

New Delhi, Dec 26: Prime Minister Narendra Modi on Friday said that his government is committed to boosting ‘Ease of Living’ and the reform trajectory will continue with even more vigour in the coming times.
Replying to a thread on X social media platform posted by the MyGovIndia handle, PM Modi said the government has worked towards the direction of empowering millions.
“Ours is a Government committed to boosting ‘Ease of Living’ and this thread below gives examples of how we have worked in that direction. Our reform trajectory will continue with even more vigour in the coming times,” the Prime Minister stated.
The MyGovIndia handle posted that the real test of reform is whether it reduces stress for people.
“2025 marked a clear shift in governance, with reforms focused on outcomes, not complexity. Simpler tax laws, faster dispute resolution, modern labour codes, and decriminalised compliance reduced friction for citizens and businesses alike. The emphasis was on trust, predictability, and long-term growth, showing how well-designed policy can quietly improve everyday life,” it wrote on the social media platform.
For millions of Indians, tax relief became real. Incomes up to Rs 12 lakh attract zero tax. Middle-class families now retain more of what they earn, giving them flexibility to spend, save and invest with greater confidence.
“A new tax law for a New India. Replacing the 1961 Income-tax Act, the Income Tax Act, 2025 streamlines compliance and brings clarity, transparency, and fairness to the direct tax system, making it more taxpayer-friendly and aligned with today’s needs,” it further stated.
Small businesses can now grow without fear of losing benefits. Higher investment and turnover limits allow MSMEs to expand while retaining access to loans and tax incentives. This encourages scaling up, hiring more workers, and building stronger local enterprises, according to MyGovIndia.
Twenty-nine labour laws were simplified into four clear codes covering wages, safety, social security, and relations. Rights are clearer, compliance is easier, and women benefit from assured maternity and workplace protections, it added.
With streamlined tax slabs, easier registration, automated processes, and faster refunds, the next generation of GST reforms is improving the ease of doing business
“The impact is clear in record Diwali sales of Rs 6.05 trillion and the strongest Navratri shopping in over a decade,” it noted.
Business
Sensex, Nifty trade flat amid consolidation phase

Mumbai, Dec 26: Indian benchmark indices opened flat with a mild negative bias on Friday, as markets are apparently in the consolidation phase amid lack of major cues.
As of 9.30 am, Sensex edged down 83 points, or 0.09 per cent to 85,325 and Nifty eased 17 points, or 0.06 per cent to 26,124.
Main broadcap indices outperformed benchmark indices in terms of gains, with the Nifty Midcap 100 advanced 0.35 per cent, while the Nifty Smallcap 100 added 0.27 per cent.
Cipla, Dr Reddys Labs and ONGC were among the major gainers in the Nifty Pack, while losers included Shriram Finance, Bajaj Finance, Tata Steel, Max Healthcare and TCS.
Among sectoral gainers, the Nifty Consumer Durables index was the top performer, rising 0.4 per cent, followed by Nifty Metal and Nifty Chemicals, which gained 0.3 per cent each.
The Nifty could extend its advance toward resistance levels at 26,202 and 26,330, while 26,000 is expected to provide near-term support.
With only four trading days left in 2025, what seemed to be a Santa rally appears to be fading as markets apparently consolidates without new triggers like a US-India trade deal, analysts said.
US GDP growth of 4.3 per cent in Q3 2025 is imparting resilience to the US market and the rising profitability of US companies, including AI ones, may prompt other FIIs, particularly fleet-footed hedge funds, to increase their investments there, they added.
Sustained buying by the cash rich DIIs will support the market and prevent a sharp pull back, market watchers said, adding that a market rally in early 2026 is likely, and valuation should be the top investment consideration.
Asia-Pacific markets traded higher in the morning session, with several indexes closed for the Boxing Day holiday
In Asian markets, China’s Shanghai index advanced 0.17 per cent, and Shenzhen edged up 0.31 per cent, Japan’s Nikkei added 0.99 per cent, while Hong Kong’s Hang Seng Index gained 0.17 per cent. South Korea’s Kospi added 0.7 per cent.
The US markets ended mostly in the green zone on the last trading day, as Nasdaq advanced 0.22 per cent, the S&P 500 edged up 0.32 per cent, and the Dow moved up 0.6 per cent.
On December 24, foreign institutional investors (FIIs) sold equities worth Rs 1,721 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 2,381 crore.
Business
HM Shah lays foundation stone for 1,655 industrial units ensuring Rs 2 lakh crore investment in MP

Gwalior, Dec 25: Union Home and Cooperation Minister Amit Shah delivered an inspiring address at the ‘Abhyudaya Madhya Pradesh Growth Summit’ here on Thursday, marking the 101st birth anniversary of former Prime Minister and Bharat Ratna recipient Atal Bihari Vajpayee.
Speaking on the theme ‘Investment to Employment – Atal’s Resolve, a Bright Madhya Pradesh’, HM Shah hailed the state’s rapid transformation under the double-engine government, declaring that Madhya Pradesh is emerging as the growth engine of ‘Viksit Bharat’.
HM Shah lavished praise on Chief Minister Mohan Yadav for pioneering initiatives aimed at balanced regional development across the state.
He highlighted CM Yadav’s innovative approach of organising regional investment promotion events and ground-breaking ceremonies in every division, ensuring equitable growth and unlocking the untapped potential of all areas.
“Chief Minister Mohan Yadav has taken thoughtful steps to establish a strong foundation for all-round development through his regional investment committees,” he said, adding that these efforts surpass even the energetic pace set by previous long-serving BJP Chief Minister Shivraj Singh Chouhan.
The Home Minister emphasised the critical importance of symmetrical industrial establishment to leverage Madhya Pradesh’s strategic geographical location.
He pointed to the traditional strength of cotton production in the Malwa and Gwalior-Chambal regions, noting that declining farmer incomes due to unfair prices could be reversed by setting up processing and allied industries locally. This would minimise transportation costs, make cotton farming profitable again, and connect seamlessly to markets in Delhi, western states, and nearby districts.
HM Shah described the day’s massive investment push – with foundation stones laid for 1,655 industrial units worth over Rs 2 lakh crore, expected to create 193,000 jobs – as a fitting tribute to former Prime Minister Vajpayee’s vision of good governance and national progress.
Held in Vajpayee’s birthplace, the summit, he said, embodied the late leader’s ideology of self-reliance, development, and inclusive growth, giving it a grand resonance on this auspicious occasion.
HM Shah expressed hope for continued central support, promising that true welfare stems from aligning with Prime Minister Narendra Modi’s vision for a prosperous India. The event, attended by prominent industrialists and cabinet ministers, reinforced Madhya Pradesh’s commitment to converting investments into widespread employment and regional prosperity.
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