Daily Round-up: Top stories @ 1 pm

Check out the latest top stories of the day so far.

Impact on Indian markets on Fed rate hike minimal: CEA

As far as India is concerned we are really well cushioned on the macro economic side, inflation is coming down, fiscal deficit situation is very good, so for all these reasons, I think the impact on India will be minimal,” said Chief Economic Adviser Arvind Subramanian.

According to Fitch rating, India’s external balances have significantly improved since mid-2013, with foreign exchange reserves rising by some $65 billion to $353 billion as of November 2015 and the current account deficit narrowing.

Gold prices slipped on Thursday after the Federal Reserve raised interest rates by 0.25 percent, its first increase in nine years. Meanwhile, the Sensex is trading flat after a positive start.

India is well prepared to deal with the impact of the US Federal Reserve interest rate hike and the end of uncertainties will actually help policy makers in emerging economies.

“It is a contempt of LS/RS for opposition to raise AJ’s DDCA alleged corruption in the two Houses since cricket is his private not public duty,” Swamy said in a tweet.

Aam Aadmi Party government has been exposed by the Transparency International, and is trying to counter blast Jaitley on the issue of an alleged scam in the Delhi District and Cricket Association (DDCA) said Ravi Shankar Prasad.

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