Don't make fun of the prosperous Indian economy! #NirmalaSitharaman #WinterSession

FitchRatings retained its rating for India at ‘BBB-‘ with a stable outlook, even as it expected a modest ‘fiscal slippage’ this year from the central govt’s fiscal deficit target of 6.4% to GDP to 6.6% of GDP, due to higher food and fertiliser subsidies.

✅What is ‘Lollapalooza Effect’??

The term ‘Lollapalooza Effect’ means a confluence of factors acting together that can lead to either large positive or negative results.

The key is that when forces combine, they don’t just add up; each force builds off and strengthens the other, creating an explosive effect with huge results, according to Charlie Munger, an American investor.

China is working on a more than 1 trillion yuan ($143 billion) support package for its #semiconductor industry, sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances.

India will be the first country to auction #spectrum for #satellite communication (SatCom).

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