Economy

Indian economy grew faster than expected
The Indian economy expanded 7.6% in the September quarter, faster than the 6.8% forecast in a Reuters poll of economists and the RBI's estimate of 6.5%
Govt extends income tax returns deadline to Jan 31
The deadline for tax return submissions was originally set to run out on Nov 31, but has been extended in the public interest, the NBR said
As global rates turn, banks in India, Indonesia set to win
The investors are wagering that banks in India and Indonesia have the strongest loan and profitability profiles to provide returns next year
India to ease capital, disclosure rules for passive funds
Proposed new rules would also allow existing fund houses to hive off their passive investment schemes into separate entities
Bangladesh gets over $1bn in ADB loans for 5 projects
The loans are geared towards promoting energy efficiency, vaccine production, clean water services, and upgrading the Dhaka-Northwest International Road Corridor
West's de-risking starts to bite China's prospects
China recorded its first-ever quarterly deficit in foreign direct investment in July-September, suggesting capital outflow pressure
India to remain fastest-growing major economy
India's economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a dampened export growth
BB raises repo rate by 50 basis points to 7.75%
It hopes that the downward trend of prices in the global market and availability of winter vegetables will also help control inflation