Read daily news briefs on the economic issues collected from different sources.
Data Shows that in the last two years, the Indian stock market has taken a totally different growth path compared to the other emerging markets. The Indian stocks are being traded at a premium and there is a high chance of market correction. [BL]
Meta’s social media platform Facebook agreed to settle a long lawsuit against the social media giant. Facebook was alleged to share the user’s personal data with the research firm Cambridge Analytica. [BL]
Justice Uday Umesh Lalit was on 27th of August sworn in as the 49th Chief Justice of India (CJI). UU Lalit is the senior-most judge in the supreme court. [BL]
Disney star retained the ICC’s India media rights on both TV as well as digital broadcast for the next four years. [ET]
A report by the High-Level Policy Commission on getting Asia to Net Zero by the New York-based think tank Asia Society Public Institute forecasts that the 2050 Net Zero target could provide a boost of up to 4.7% of India’s GDP by 2036 while creating as many as 15 million new jobs by 2047. [ET]
Russia doesn’t agree and blocks the final documents of a four-week review of the UN treaty which is considered the cornerstone of nuclear disarmament. [ET]
The government is in a plan to integrate the helpline for Children and Women. According to the government, it is an attempt to better coordinate and utilization the resources. [ET]
Editors:
Alok Aditya (Junior Research Fellow at ISEC)
Anuradha (Research Assistant at ADRI)
Note: BL – Business Line, BS – Business Standard, FE – Financial Express, ET – Economic Times
