Photo: Bloomberg
Photo: Bloomberg

Fed meet, WTO talks spotlights of eventful week

The US Federal Reserve is likely to increase rates for the first time since 2006 when it meets on 15-16 December

Fed meeting on 15-16 December

The US Federal Reserve is likely to increase rates for the first time since 2006 when it meets on 15-16 December. Bloomberg calculations estimate the probability of a hike at 78% now from 37% in September 2015. The debate has now shifted from "is this the right move?" to "how high?" A rate hike will increase volatility in Indian markets and lead to higher repayment costs (both principal and interest) for Indian companies with foreign currency loans, reports The Economic Times .

WTO talks on 15-18 December

Ahead of the World Trade Organisation ministerial meet in Nairobi from 15-18 December, India has clarified that it has no intention of causing any delays in the new round of negotiations but said that it wants the Doha development round to reach its logical conclusion first. India has been pushing for the continuation of the Doha round arguing on behalf of developing countries that the development agenda on agricultural issues, cotton subsidies and least developed countries has not been completely addressed. Trade ministers of 162 countries will meet in Nairobi.

Swaraj to make statement on India-Pak relations

External affairs minister Sushma Swaraj will make a statement in Parliament on 14 December on the recent developments in India-Pakistan relations. The statement would be made in the Rajya Sabha and in the Lok Sabha.

FIPB to take up 17 FDI proposals on 16 December

Inter-ministerial body Foreign Investment Promotion Board (FIPB) on 16 December will again take up investment proposals of Cadila Healthcare and Holcim (lndia) following recent changes in the foreign direct investment (FDI) policy. Besides these two, the FIPB will also take up 15 other investment proposals.

Pichai to visit Delhi on 16 December

Google CEO Sundar Pichai is visiting India next week on his first overseas trip after taking over as the head of the tech giant to host a press conference in New Delhi on 16 December. He will also address Delhi University’s Sri Ram College of Commerce (SRCC) on 17 December. Pichai will deliver the keynote address at the Google for India event, where he will outline the company’s plans for India.

Gandhis to appear in National Herald case on 19 December

A Delhi court has directed Congress president Sonia Gandhi, party vice- president Rahul Gandhi and five others accused in the National Herald case to appear before it on 19 December. “Make sure all the accused appear on December 19. I am giving exemption from personal appearance only for today. Don’t come in the morning on 19 December. You come at 3 pm," Metropolitan Magistrate Lovleen said after hearing brief submissions at the Patiala House Courts.

Fate of returned Akademi awards to be decided

The fate of the Sahitya Akademi awards returned by protesting authors will be decided on 17 December, according to a Times of India report. “We’ll decide on the issue of awards returned by writers across the country on the issue of intolerance in the executive committee meeting of the Akademi on 17 December," Akademi president Viswanath Prasad Tiwari said. “Why is the Akademi being targeted by writers? After all, it is not responsible for maintaining law and order. Those returning awards are maligning the Akademi and giving it a bad name."

Gajendra Chauhan set to take charge

Six months after his appointment to the governing council of Film and Television Institute of India (FTII) triggered a storm, leading to a strike by students that stretched for over four months, television actor and Bharatiya Janata Party (BJP) member Gajendra Chauhan is set to assume charge at the institute on 18 December. For the first time since its constitution by the Information and Broadcasting Ministry on 9 June 2015, the current 26-member FTII society, which includes nine ex-officio members, will meet on 18 December.