Business
At 6.7%, IIP growth hits over 2-year high – The Times of India
Gaining momentum
.The manufacturing sector rose by 8% in Nov, higher than 2% in Oct and above the 5.5% in Nov last year. The mining sector, which had been impacted by unseasonal rains, rebounded and rose by 5.4% in Nov, above the 1.8% contraction in Oct and higher than the 1.9% growth in Nov last year.The highlight for Nov was also the robust expansion in consumer durables and non durables sectors, which grew by 10.3% and 7.3% respectively. “On the demand front, the positive aspect was the improvement in the output of consumer durables and non-durables which grew by 10.3% and 7.3%, respectively, reversing the contraction seen in the previous months. Factors such as GST rationalisation, income tax relief, and easing inflation have boded well for the consumption scenario,” said Rajani Sinha, chief economist at ratings agency CareEdge.“On the investment front, there has been sustained healthy momentum in the growth of infrastructure/construction goods and capital goods output,” said Sinha.The capital goods sector, a key gauge of investment activity, rose an annual 10.4% higher than the 2.1% recorded last month and above the 8.9% expansion in the month of Nov last year.Aditi Nayar, chief economist at ratings agency Icra, said the impact of the US tariffs and penalties is likely to reflect across some of the manufacturing segments, partly offsetting the positive impact of the GST rate rejig. “However, electricity demand has expanded in Dec 2025 after a gap of two months, which should boost power generation in the month, auguring well for IIP growth in the month. We expect the IIP growth to ease to 3.5-5.0% in Dec, as the base effect normalises and the benefit from restocking wanes,” said Nayar.
Business
China plans strict AI rules to protect children and tackle suicide risks
Osmond ChiaBusiness reporter
Getty ImagesChina has proposed strict new rules for artificial intelligence (AI) to provide safeguards for children and prevent chatbots from offering advice that could lead to self-harm or violence.
Under the planned regulations, developers will also need to ensure their AI models do not generate content that promotes gambling.
The announcement comes after a surge in the number of chatbots being launched in China and around the world.
Once finalised, the rules will apply to AI products and services in China, marking a major move to regulate the fast-growing technology, which has come under intense scrutiny over safety concerns this year.
The draft rules, which were published at the weekend by the Cyberspace Administration of China (CAC), include measures to protect children. They include requiring AI firms to offer personalised settings, have time limits on usage and getting consent from guardians before providing emotional companionship services.
Chatbot operators must have a human take over any conversation related to suicide or self-harm and immediately notify the user’s guardian or an emergency contact, the administration said.
AI providers must ensure that their services do not generate or share “content that endangers national security, damages national honour and interests [or] undermines national unity”, the statement said.
The CAC said it encourages the adoption of AI, such as to promote local culture and create tools for companionship for the elderly, provided that the technology is safe and reliable. It also called for feedback from the public.
Chinese AI firm DeepSeek made headlines worldwide this year after it topped app download charts.
This month, two Chinese startups Z.ai and Minimax, which together have tens of millions of users, announced plans to list on the stock market.
The technology has quickly gained huge numbers of subscribers with some using it for companionship or therapy.
The impact of AI on human behaviour has come under increased scrutiny in recent months.
Sam Altman, the head of ChatGPT-maker OpenAI, said this year that the way chatbots respond to conversations related to self-harm is among the company’s most difficult problems.
In August, a family in California sued OpenAI over the death of their 16-year-old son, alleging that ChatGPT encouraged him to take his own life. The lawsuit marked the first legal action accusing OpenAI of wrongful death.
This month, the company advertised for a “head of preparedness” who will be responsible for defending against risks from AI models to human mental health and cybersecurity.
The successful candidate will be responsible for tracking AI risks that could pose a harm to people. Mr Altman said: “This will be a stressful job, and you’ll jump into the deep end pretty much immediately.”
If you are suffering distress or despair and need support, you could speak to a health professional, or an organisation that offers support. Details of help available in many countries can be found at Befrienders Worldwide: www.befrienders.org.
In the UK, a list of organisations that can help is available at bbc.co.uk/actionline. Readers in the US and Canada can call the 988 suicide helpline or visit its website.
Business
World’s Fastest Rail Network Can Take You From Delhi To Rishikesh In 45 Minutes Only – Discover Where This Marvel Is
World’s Fastest Train: Social media is buzzing with stories of the world’s fastest rail networks, but one line stands out for its sheer speed and efficiency. Recently inaugurated, China’s Xi’an–Yan’an high-speed railway is changing rail travel and showing how advanced infrastructure can be.
The new line connects northern Shaanxi province with lightning-fast convenience, reducing travel times and transforming daily commutes. A viral video shows the sleek trains gliding along the tracks, capturing the excitement of locals witnessing the future of rail transport.
In practical terms, imagine a journey in India: this high-speed line could cover the distance between Delhi and Rishikesh in only 45 minutes.
According to AFP, the Xi’an–Yan’an route is part of the world’s largest high-speed rail network, stretching to nearly one-fifth of the earth’s circumference. The C9309 train on this line runs at an astonishing 350 kilometres per hour (217 miles per hour), surpassing Japan’s Shinkansen, whose maximum speed is 320 kilometres per hour (200 miles per hour).
Operations officially began on December 26, and the launch day saw locals lining up to experience the speed for themselves. For many passengers, the biggest benefit is time saved.
Journeys that once felt exhausting are now fast, smooth and far more accessible, giving travellers a glimpse of what modern and efficient rail travel can achieve.
With this network, China not only demonstrates its engineering prowess but also sets a new global benchmark in speed, efficiency and passenger convenience.
Business
RBI To Auction Govt Bonds Worth Rs 32,000 Crore On Jan 2
New Delhi: The government of India on Monday announced the sale (re-issue) of “6.48 per cent Government Security 2035” for a notified amount of Rs 32,000 crore through price-based auction using the multiple price method. The auction will be conducted by the Reserve Bank of India’s Mumbai Office on January 2.
The Government will have the option to retain additional subscription up to Rs 2,000 crore against the security, according to a Finance Ministry statement. Up to 5 per cent of the notified amount of the sale of the security will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities, the statement said.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber system) on January 2, 2026. The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m., and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m., the statement explained.
The result of the auction will be announced on January 2, and payment by successful bidders will be on January 5. The Security will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central government Securities’ issued by the Reserve Bank of India vide circular dated July 24, 2018, as amended from time to time.
Governments sell bonds to borrow money from investors, essentially taking loans to fund public spending like infrastructure, social programs, and to cover budget deficits, acting as a low-risk way for citizens or institutions to lend to the government in exchange for regular interest and principal repayment, thus financing national needs without immediately raising taxes.
These bonds are considered low-risk investments since they are backed by the government and are considered safe because of their relatively low risk. Government bonds typically pay low interest rates.
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