India’s economy grew by 5.4% in the second fiscal quarter, falling below economist estimates and hitting a two-year low, following 6.7% growth in the previous quarter. The weak performance was attributed to sluggish growth in manufacturing and mining sectors, causing the country’s 10-year sovereign bond yield to drop. The disappointing GDP figures may impact the Reserve Bank of India’s upcoming Monetary Policy Committee meeting in December, with expectations of a possible policy loosening despite recent inflation concerns.
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Appeals court lifts blocks on Trump’s orders restricting diversity, equity and inclusion programs
An appeals court lifted a block on executive orders by President Trump seeking to end government support for diversity, equity, and inclusion programs, allowing them to be enforced as a lawsuit unfolds. The court found that the orders could eventually raise concerns about First Amendment rights but ruled that the nationwide injunction was too broad. The orders, which target DEI programs, had been challenged for being unconstitutional and discouraging support for diversity initiatives. Full Article
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