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Retail Inflation Stands At 1.33% In December, Remains Below RBIs Medium-Term Target

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Retail Inflation Stands At 1.33% In December, Remains Below RBIs Medium-Term Target


New Delhi: The year-on-year inflation based on the Consumer Price Index (CPI) for December 2025 stood at 1.33% (provisional) compared to December 2024. This was mainly attributed to higher inflation in personal care and effects, vegetables, meat and fish, eggs, spices, and pulses and products, according to data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday.

Headline inflation in December 2025 increased by 62 basis points compared to November 2025. Inflation remained below the Reserve Bank of India’s medium-term target of 4% for the 11th consecutive month.

Year-on-year food inflation for December stood at -2.71% (provisional). The corresponding food inflation rates for rural and urban areas were -3.08% and -2.09%, respectively.

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Inflation rose in both rural and urban areas. Rural headline inflation increased to 0.76% in December from 0.10% in November, while urban inflation climbed to 2.03% from 1.40% a month earlier.

Housing inflation eased marginally to 2.86%, while education and health inflation stood at 3.32% and 3.43%, respectively, indicating slight moderation compared to November. Fuel and light inflation declined to 1.97%, and transport and communication inflation softened to 0.76%.



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India In Goldilocks Phase Of High Growth, Economists Urge Neutral Policy Path

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India In Goldilocks Phase Of High Growth, Economists Urge Neutral Policy Path


New Delhi: India appears to be in a Goldilocks phase of high growth and low inflation, a report said on Tuesday, with economists urging a shift towards a near‑neutral policy. 

The report from HSBC Global Investment Research said that a near‑neutral policy, combining fiscal restraint with continued monetary ease, would best support markets and the broader economy in 2026.

“A combination of tight fiscal and easy monetary policy which creates a better economic balance should be positive for all asset classes,” it said.

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The research firm, however cautioned that underlying weaknesses such as insufficient corporate investment and foreign inflows must be carefully addressed.

Bond markets have already priced higher state borrowing for early 2026, and that RBI bond purchases, fiscal prudence in the budget and potential global bond‑index inclusion could attract foreign inflows, the report said.

The report further stated that equities may gain from recent reform momentum, rising nominal GDP and more reasonable valuations, and cautioned that durable gains require structural reforms to boost corporate capex and foreign investment.

Pranjul Bhandari, Chief India Economist and Strategist, argued that the research firm’s estimate suggests inflation will remain just under the 4 per cent target next year, removing pressure on the Reserve Bank of India to tighten and leaving room for further easing if growth softens.

“In fact, there is space for further easing if growth dips. And this is where we are polar opposite of what markets are currently expecting (tight monetary policy, loose fiscal policy),” Bhandari noted.

There is a lot going on globally that impacts Indian markets, such as news on tariffs and bond index inclusion, and steepening DM yield curves, she added.

The central government aims to lower public debt ratios to pre-pandemic levels by FY31, which will require continued fiscal consolidation over the next five years.

The report highlighted that such consolidation at the central level could restore balance and be offset by privatisation to limit growth drag.

Public debt ratios are expected to rise in several states despite the 3 per cent fiscal ceiling which will keep deficits in check, the report said.



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Gold Prices Rise Today: Check 24K And 22K Gold Rates In Your City On January 13

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Gold Prices Rise Today: Check 24K And 22K Gold Rates In Your City On January 13


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Gold and silver prices in India stayed steady on January 13 amid US-India trade deal hopes, with Mumbai 24K gold at Rs 1,42,160 per 10 grams and silver futures up 0.25 percent.

Gold and Silver Rates Today, January 13.

Gold and Silver Rates Today, January 13.

Gold and Silver Rates Today, January 13: Gold and silver prices in India are marginally up on Tuesday despite rising fresh hopes on the US-India trade deal after the new US Ambassador to India, Sergio Gor, on Monday shared an update on the progress. In Mumbai, 24K gold price stood at Rs 1,42,160 per 10 grams, while for 22K, the price remained at Rs 1,30,310 per 10 grams.

On Multi-commodity exchange (MCX), gold futures with expiry in February traded in red at Rs 1,41,825 per 10 grams. Meanwhile, silver futures with expiry in March inched up 0.25 per cent to Rs 2,69,648 per kg.

At the international spot market, gold and silver jumped over 7 per cent to touch a new record. Gold surged almost 2 per cent to slightly shy off $4,600 per ounce. Meanwhile, silver surged 7.21 per cent to touch a new record of $85 per ounce.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 13?

City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 1,27,860 Rs 1,39,470
Jaipur Rs 1,27,860 Rs 1,39,470
Ahmedabad Rs 1,27,760 Rs 1,39,370
Pune Rs 1,27,710 Rs 1,39,320
Mumbai Rs 1,30,310 Rs 1,42,160
Hyderabad Rs 1,30,310 Rs 1,42,160
Chennai Rs 1,30,310 Rs 1,42,160
Bengaluru Rs 1,30,310 Rs 1,42,160
Kolkata Rs 1,30,310 Rs 1,42,160

Indian dealers this week charged a premium of up to $6 per ounce over official domestic prices, inclusive of 6% import and 3% sales levies, below last week’s premium of up to $15. Domestic gold prices were trading around 138,000 rupees per 10 grams on the day, not far from the record high Rs 1,40,465.

Jewellers were reporting very thin footfall and only marginal demand for coins and bars, said a Mumbai-based bullion dealer with a private bank.

In top consumer China, bullion traded at premiums as high as $21 an ounce above the global benchmark spot price this week. That compares with premiums of $3 an ounce charged last week.

Strong demand for safe-haven assets, US interest rate cuts and a weaker dollar drove global gold prices up 67% so far this year and saw them hitting a record high of $4,549.7 per troy ounce on December 26.

Indian domestic gold prices climbed 77% this year, outpacing the Nifty 50 index’s 9.7% gain, aided by a 5% fall in the rupee against the dollar.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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X could ‘lose right to self regulate’, says Starmer

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X could ‘lose right to self regulate’, says Starmer


Laura CressTechnology reporter

BBC Sir Keir Starmer with a serious expression pictured from the shoulder up, wearing a tie and suit, with neat black rimmed glasses, with a union flag out of focus behind him BBC

The UK will bring into force a law which will make it illegal to create non-consensual intimate images, following widespread concerns over Elon Musk’s Grok AI chatbot.

Speaking to Labour MPs on Monday, Sir Keir Starmer warned X could lose the “right to self regulate”.

“If X cannot control Grok, we will”, he said, saying the government would act quickly in response to the issue.

The government also plans to unveil legislation to make it illegal to supply online tools used to create such images.

The BBC has approached X for comment. It previously said: “Anyone using or prompting Grok to make illegal content will suffer the same consequences as if they upload illegal content.”

It comes hours after Ofcom announced it was launching an investigation into X over “deeply concerning reports” about Grok altering images of people.

If found to have broken the law, Ofcom can potentially issue X with a fine of up to 10% of its worldwide revenue or £18 million, whichever is greater.

And if X does not comply, Ofcom can seek a court order to force internet service providers to block access to the site in the UK altogether.

In a statement, Technology Secretary Liz Kendall urged the regulator not to take “months and months” to conclude its investigation, and demanded it set out a timeline “as soon as possible”.

It is currently illegal to share deepfakes of adults in the UK, but legislation in the Data (Use and Access) Act which would make it a criminal offence to create or request them has not been enforced until now, despite passing in June 2025.

Last week, campaigners accused the government of dragging its heels on implementing that law.

Liz Kendall told the Commons that the offence “will be brought into force this week”. In addition to the Data Act, Kendall said she would also make it a “priority offence” in the Online Safety Act.

Kendall said AI-generated pictures of women and children in states of undress, created without a person’s consent, were not “harmless images” but “weapons of abuse”.

“The content which has circulated on X is vile. It’s not just an affront to decent society, it is illegal,” she said.

“Let me be crystal clear – under the Online Safety Act, sharing intimate images of people without their consent, or threatening to share them, including pictures of people in their underwear, is a criminal offence for individuals and for platforms.

“This means individuals are committing a criminal offence if they create or seek to create such content including on X, and anyone who does this should expect to face the full extent of the law.”

Watch: UK to bring into force law to tackle Grok AI deepfakes this week

‘Not about’ restricting free speech

But the technology secretary said the “responsibilities do not just lie with individuals for their own behaviour” – and “the platforms that host such material must be held accountable, including X”.

She said the government would also build on measures outlined in the Crime and Policing Bill to criminalise nudification apps.

“This new criminal offence will make it illegal for companies to supply tools designed to create non-consensual intimate images, targeting the problem at its source,” she said.

“In addition to all of these actions, we expect technology companies to introduce the steps recommended by Ofcom’s guidance on how to make platforms safer for women and girls without delay.

“If they do not, I am prepared to go further.”

Legal expert Jamie Hurworth said Kendall’s comments were “an indicator of how seriously the government are now taking this issue”.

“It remains to be seen whether an overstretched police force has sufficient resources to investigate and bring perpetrators before the courts but it is important that each link in the chain – from individual creators to social media platforms – is held to account for their involvement in this type of behaviour.”

Ofcom’s investigation will examine whether X has failed to take down illegal content quickly when it became aware of it, and taken “appropriate steps” to prevent people in the UK from seeing it.

The decision follows a global backlash over Grok’s image creation feature, with both Malaysia and Indonesia temporarily blocking access to the tool over the weekend.

An Ofcom spokesperson did not give an indication on how long the investigation would take but said it would be a “matter of the highest priority”.

In a response to an earlier post questioning why other AI platforms were not being looked at, Elon Musk said the UK government wanted “any excuse for censorship”.

But Kendall refuted this.

“This is not, as some would claim, about restricting freedom of speech,” she said.

“It is about tackling violence against women and girls.”

Watch: Backlash against Elon Musk’s Grok AI explained

Shadow technology secretary Julia Lopez welcomed Ofcom’s investigation, and said her party supported the government on nudification tools.

But she criticised the government over comments Kendall made last week, when she said she would back Ofcom if it blocked UK access to X for failing to comply with laws.

Ms Lopez said despite the internet being used by criminals before, websites have not been banned before.

“It is an extraordinarily serious move against a platform that can be used for good, for uncovering scandal, sparking democratic revolution, and allowing day-to-day the free exchange of ideas, including ideas we don’t like.”



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