myneharai.nr1@gmail.com

The Index of Industrial Production (IIP) is set for a significant overhaul with a new base year of 2022-23 and a shift to a chain-based series. This update will increase the weight of electricity and manufacturing sectors while decreasing mining’s share, reflecting evolving production patterns. The new methodology aims to better capture dynamic economic changes.

Technology reigns supreme as the top paymaster in 2026, with AI and digitisation driving demand for tech roles. Software development, product management, and data engineering are leading the charge. Interestingly, senior-level salaries are surging in Tier-2 cities, challenging metro dominance. Overall salary growth is projected at 9% this year.

Axis Bank reported a 3% year-on-year net profit increase to Rs 6,490 crore in the December quarter, driven by robust loan growth and higher fee income. Net interest income rose 5% to Rs 14,287 crore, fueled by a 14% surge in advances, particularly in corporate and SME segments.

India’s startup ecosystem faces challenges with ESOP taxation, creating liquidity issues for employees. While a 2020 tax deferral aimed to help, it’s limited to a small fraction of eligible startups. Expanding this benefit to all recognized startups and unlisted companies is crucial for making ESOPs a true wealth-creation tool.

PVR INOX is divesting its premium snacking business, 4700BC, to FMCG major Marico for Rs 226.8 crore in an all-cash deal. This strategic move aims to reduce debt and sharpen the company’s focus on its core cinema operations. The transaction is expected to be finalized within 30 days.

The Pak-India Business Council urged both nations to resume dialogue to resolve outstanding issues, extending greetings ahead of India’s Republic Day. Chairman Noor Muhammad Kasuri highlighted India’s development and the potential for collaborative growth, emphasizing peace, prosperity, and strengthened regional ties for the Global South.

Foreign investors are urging a review of India’s tax policies, particularly capital gains, citing high trading costs and potential double taxation. They argue that the reintroduction of long-term capital gains tax, coupled with difficulties in claiming foreign tax credits, makes India less attractive. Concerns also include computation issues and refund delays, contributing to significant FPI

India and the EU are poised to announce a free trade agreement, with domestic industries pushing for zero-duty access in sectors like textiles and leather to better compete with nations like Bangladesh and Vietnam. While the auto sector seeks protection against Chinese EVs, mobility-related easing for professionals is also anticipated.

Indian states’ fiscal deficits are widening slightly, with market borrowing now funding the majority of their needs. Funding patterns are becoming more disciplined, with longer-term securities and lower borrowing costs. However, demographic shifts are creating distinct fiscal challenges and opportunities for younger versus older states.

India’s consumer goods chiefs are urging the government for tax cuts and measures to boost middle-class purchasing power to sustain consumption recovery. They seek support for local industries against volatile commodity prices and stable input costs, aiming to prevent price hikes for consumers. Increased disposable incomes and infrastructure investments are also key demands.