ChatGPT, Google's AI will have to start answering to EU
EU’s AI Act is a decent, if slightly half-baked, start when it comes to regulating AI, and in the absence of anything similar this is a step in the right direction. The legislation will still rely on companies to audit themselves. There’s greater opportunity for researchers and regulators to probe where things are going wrong with AI companies' training data
Why have jobs as unpaid helpers increased when GDP growth is 7.6 percent?
While the unemployment rate has come down, the rise in the proportion of unpaid helpers and of workers in agriculture point to disguised unemployment
Why Glencore's exit from the coal sector is no big deal
Although Glencore is exiting the coal business, coal as a source of energy will take a long time to die. Demand for coal has yet to peak and may take years.
COP28: Fighting climate change can create jobs in India
Global climate finance flows are woefully inadequate to meet the challenges of the warming planet. There are climate-led business opportunities that can create jobs and sustainable growth. Facing the brunt of extreme weather phenomena, India must scale up renewables capacity and invest in sectors creating smart and sustainable solutions
2024 – The year of elections across the world
With 40 countries holding general elections in 2024, it’s very likely that stock markets will be boosted ahead of them. Even if bad news does trickle in, declines may get cushioned by buying from “strong hands.”
Marketing Musings: The creator economy
Goldman Sachs Research expects the 50 million global creators to grow at a 10-20 percent compound annual growth rate during the next five years to grow to a $480 billion economy by 2027 from $250 billion today
Solar project developers in a sweet spot over steady tariffs, falling costs
Solar module prices almost halved in the past one year
Do Indian banks care about climate finance?
Indian banks need to get serious about green finance and Net Zero targets. They should take a leaf out of UAE lenders who have massively scaled up their efforts to achieve Net Zero emissions by channelling $270 billion to green finance
Using risk weights is not without risks for the RBI
Capital allocation may not necessarily become more prudent due to risk weight changes. Commercial compulsions may force lenders to reduce potential lending in less risky segments even as they meet increased capital requirements due to hike in risk weights of a specific loan segment
Global oil in softening mode: Bonanza for India
The war in Ukraine had led to a spike in India’s oil import bill in the last fiscal. But softening oil prices aided by difference in OPEC+ on cutting production, muted demand from China, and swelling US inventories positions could leave the Indian exchequer with a lighter oil import burden compared to 2022-23
Moneycontrol Pro Panorama | India's shadow looms large on global food chain
In this edition of Moneycontrol Pro Panorama: Copper faces an uncertain future globally, consumer confidence not upto GDP levels, EU’s AI law too little too late, rift between Mamata and Abhishek Banerjee loyalists widen, and more
SC Decision on Article 370: J&K’s destiny inextricably linked to the Republic of India
Supreme Court has upheld GoI’s contention on the temporary character of Article 370 and ruled that J&K has no internal sovereignty within India
Why Supreme Court has ruled Article 370 removal as constitutionally valid
Supreme Court opined that Article 370 was a feature of asymmetric federalism and was temporary and not a signifier of Jammu and Kashmir’s sovereignty
Making lemonade out of macro lemons
Investors will need to adjust portfolios more frequently — we are in a new regime and not going back any time soon
Bengal: Trinamool Congress reels under widening schism between Mamata and Abhishek Banerjee loyalists
In what is looking like a repeat of the Samajwadi Party’s fissures when Akhilesh Yadav moved to take control of the party against the wishes of his father Mulayam Singh Yadav, loyalists of Abhishek Banerjee are growing impatient with the old guard led by Mamata Banerjee. But Mamata is no pushover unlike Mulayam in his last days
Copper faces an uncertain future globally
Long-term, much of the copper demand, and therefore its price, depends upon the green energy transition. China’s and the global economy’s slowdown cast a shadow in the near term
Chart of the Day | Take the expenditure side of quarterly GDP data with spadefuls of salt
As much as 4.6 percentage points out of the 7.6 percent growth in the September quarter can be put down to ‘’discrepancies’’
India’s main engines of economic growth need climate protection
Urban India to contribute to 75 percent of GDP by 2030. Future proofing cities from climate events such as cyclone Michaung is imperative
RBI surveys show disconnect between strong GDP growth and consumer confidence
With GDP growth at 7.8 percent in the June 2023 quarter and 7.6 percent in the September quarter, why aren’t perceptions about income growth and employment growth in the RBI survey better?
Timing the markets is futile. But SIPs mitigate that problem
Those who stay invested in markets through SIPs are likely to book larger returns than those who bet on timing to enter and exit the market. Read on about two scenarios centred around the market crash of 2008 to see how timing, time in markets, and SIPs make a difference
The Eastern Window: China launches new programme to expand influence in Indian Ocean countries
China is trying to buy influence in 20 odd Indian Ocean countries by financing development programmes. The idea is to use these countries as future bases for spying on India and possibly conduct covert operations at a later date
EU’s laws for AI could be too late even if not too little
Every significant Silicon Valley player in the AI race – Google, Meta, Anthropic, and numerous others – is trying to beat OpenAI in the General AI race. By the time the EU law comes into force, it may be too late
A TikTok makeover for presidential hopeful Prabowo, from army general to cuddly grandpa
Despite allegations of human rights excesses in his army career and charges of nepotism for carrying Jokowi's son on his ticket as V-P candidate, Prabowo's image hasn't been hurt, and he looks set to meme and dance his way to the electoral contest. Will Indonesia’s voters get off TikTok and hit the history books instead before they make their decision?
COP28 is turning into a trade show. And that’s not a bad thing
The number of corporate types turning up at climate conferences should be taken as a positive, rather than a negative indicator. Global commerce has long structured itself around trade fairs, expos and conferences that commonly host 10,000 people at a time. Where the suits lead, money follows
Carbon tax — Will the two-pronged strategy against the EU work?
India has to weigh the pros and cons while opposing the European Union’s CBAM
