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‘Chinese Investment, Not Tariffs’: JP Morgan Economist Calls For Review Of India’s 2020 FDI Curb
Business

‘Chinese Investment, Not Tariffs’: JP Morgan Economist Calls For Review Of India’s 2020 FDI Curb

Economist Sajjid Chinoy has pitched for a relook into the government's curb on foreign direct investments from China, arguing that allowing Chinese investments in the country will be more advantageous than slapping tariffs on imports from the northern neighbour. Chinoy, the chief India economist at J P Morgan, who is also a part-time member in the Economic Advisory Council to the Prime Minister (EAC-PM), said that the private capital expenditure is down due to the lack of demand visibility amid the flood of cheaper Chinese imports. Chinese exports into the US were a free flowing river, but the 32 per cent tariff slapped by the Donald Trump administration is acting like a wall, leading to the same goods being spilled out into other emerging markets like India, he said. Speaking at an event organised by the Asia Society on Monday, Chinoy said the flood of Chinese goods at cheaper prices is creating challenges for emerging markets looking to increase their exports. "I would argue India's corporate capex cycle has not picked up because you need much more domestic demand visibility. In a world in which Chinese imports are flooding in, creating disinflationary pressure, and you're starting to compete," he said. Pointing out to the impact of restrictions on foreign direct investment imposed by India in 2020 through "press note 3", Chinoy said that the trade deficit with China has widened to USD 115 billion from USD 50 billion in the last five years. In light of the "thaw" in relations between New Delhi and Beijing, Chinoy hoped for a "political consensus" is built to relook into the policy of restricting Chinese FDI, and made it clear that such a policy is "counterproductive". "...rather than getting Chinese imports flooding us, why not get Chinese investment into India," he said, adding that such a move will create jobs locally and help the domestic economy. Pointing out that India needs a lot of intermediate goods from China, a "manufacturing behemoth", Chinoy further said, "you'd rather have the value-add accruing in India than importing from China". The remarks by the economist has come at a time when there are reports of a possible review of the "press note 3" that was introduced during the Covid pandemic. Concerns of sluggish private investments - which are deemed to begin a virtuous economic cycle - have also dominated for the last few years as the capex is led by the government. Referring to the oft repeated concerns on low research and development spends by Indian enterprises, Chinoy said the investments in innovation will continue to be lower if there are tariff barriers which are created, while an openness will lead to competition and hence, make such bets essential. "If you're operating in a relatively closed market then the incentive to do so (spend in R&D) is not there," he said. In the face of artificial intelligence coming in, Chinoy advocated for more investments in advancing the human capital through efforts on education and skilling. \ (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

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11 months ago
Saturn’s rings vanished in 2025: The rare cosmic alignment that stunned astronomers and skywatchers
Science

Saturn’s rings vanished in 2025: The rare cosmic alignment that stunned astronomers and skywatchers

Saturn stunned skywatchers on 23 November when its iconic rings seemed to vanish, leaving the planet looking strangely bare. Astronomers confirmed nothing was wrong. Earth had passed directly through the ring plane, making the vast icy bands appear edge-on and nearly invisible. This rare alignment, occurring every 13 to 15 years, created a dramatic but temporary celestial illusion.

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11 months ago
Manish stormed off SRK-Juhi film set after fight with Farah
Entertainment

Manish stormed off SRK-Juhi film set after fight with Farah

Filmmaker Farah Khan and designer Manish Malhotra reminisced about their early, fiery creative clashes in the Hindi film industry. Malhotra recounted storming off set during a 'Phir Bhi Dil Hai Hindustani' song shoot after Khan critiqued a costume, leading to him refusing calls for two days. They also recalled a similar incident during 'Dabangg 2'.

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11 months ago
Sachin reveals, 'Yamla Pagla Deewana' was mine, until Dharamji...
Entertainment

Sachin reveals, 'Yamla Pagla Deewana' was mine, until Dharamji...

Veteran actor-director Sachin Pilgaonkar affectionately reflects on the decades of camaraderie he shared with the unforgettable Dharmendra, describing him as a true gentle giant of cinema—both humble and handsome. Pilgaonkar recounted the magic of their early collaborations, particularly the beloved classics 'Majhli Didi' and 'Sholay'. He fondly noted the moment he gifted the iconic title 'Yamla Pagla Deewana' to Dharmendra.

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11 months ago
Top Money Mistakes Couples Make While Planning A Wedding And How To Avoid Them
Business

Top Money Mistakes Couples Make While Planning A Wedding And How To Avoid Them

Weddings are a beautiful and memorable affair, which requires a fair bit of planning, logistically and financially. But this can turn into a financial nightmare quickly, if you let your costs go unchecked. Here is a simple guide to planning your dream wedding within a realistic budget and avoiding hidden costs.  Have a written budget plan  The first step towards managing your finances is to start with a clear and written plan. Set a realistic but non-negotiable budget. Write it down instead of doing mental calculations. Divide the amount into clear sections like venue, food, decor, outfits, stay, and logistics so you can see where your money will go. A written plan makes decisions easier and shows what fits within your limit. You can also set two budgets, one ideal and one absolute maximum, to help you stay in control, especially when planning gets emotional. Lock in your priorities  There are some elements you may not want to compromise on, such as the venue, food, decor, or outfits. Prioritise these and plan them ahead to avoid last-minute surprises. This will allow you to spend wisely on things that truly matter. Booking early can get you early bird discounts and offers that could help you in budgeting without compromising quality.  Compare before committing   Take time to compare and weigh your options before making a decision. This helps you find the best deal within your budget and cut overall costs. Booking in a rush due to a time crunch may require you to pay extra for the same services. Talking to different vendors and comparing their prices will give you a clearer idea of what to expect in terms of charges. Even small differences in venue pricing, food, or decor designs can turn out to be meaningful savings.  Smart Negotiation  Negotiation is a valuable skill for wedding planning and works best when done calmly. Vendors are often open to adjustments in packages, when you show realistic expectations. Club a few services to get better deals or book on non-peak days and adjust wherever possible to cut down costs. If your vendor does not agree to reduce the price, ask for value additions like additional decor upgrades, adjustments to the menu, or a few short video clips that can be equally effective. Paying bigger amounts in instalments can keep you in control and ensure better coordination.  Avoid the hidden costs  Hidden costs can easily push your budget higher if you don’t clarify them early. Decor quotes often include only the basics while every extra element is charged separately. Food, clothing, and jewellery also have add-on expenses that are not obvious at first. Service providers like photographers and makeup artists may charge overtime if events go beyond the agreed time. Asking for all inclusions, exclusions, and taxes in writing helps you understand the full cost and avoid last-minute surprises.  Having your dream wedding does not need excessive spending but clear planning. Start with a clear budget, be aware of hidden costs, and negotiate well so that you can celebrate without financial pressure. Make your special day memorable for all the right reasons. (The author is Associate Analyst, Communications at BankBazaar.com. This article has been published as part of a special arrangement with BankBazaar)

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11 months ago
When Dharmendra posed with his cattle in an old video
Entertainment

When Dharmendra posed with his cattle in an old video

Bollywood icon Dharmendra, fondly known as the 'He-Man', has passed away, leaving a void in the film industry. His viral Lonavala farm video from 2021, showcasing his vibrant spirit while tending to cattle, is now a poignant reminder of his warmth. Fans and colleagues remember his genuine love for farm life and his engaging social media presence.

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11 months ago
10 Common Mistakes Ruining Your Skin Without You Realising
Lifestyle

10 Common Mistakes Ruining Your Skin Without You Realising

Your skin is affected not just by what you apply on it, but also by tiny habits you don't even notice throughout the day. Many people struggle with dullness, acne, pigmentation or premature ageing without knowing that the real cause lies in the small mistakes they make daily. In 2025, with rising pollution, increasing screen time and a flood of trending skincare content, our skin needs extra protection and smarter decisions. Let's explore the most common but unexpected mistakes that silently damage your skin. ALSO READ: 8 Genius Beauty Hacks Using Ingredients Already In Your Kitchen 1. Over-Cleansing Your Skin (Image Source: ABPLIVE AI) Over-cleansing is one of the most common yet least recognised reasons behind breakouts, dryness, and irritation. Many people believe washing their face frequently keeps it clean, but excessive cleansing strips away natural oils that maintain the skin's protective barrier. keeps it clean, but excessive cleansing strips away natural oils that maintain the skin’s protective barrier. When this barrier is damaged, the skin becomes more vulnerable to acne-causing bacteria, inflammation and sensitivity. Over-cleansing also triggers your sebaceous glands to produce more oil to compensate for the dryness, causing oily T-zones, clogged pores and unexpected breakouts. If your face feels tight, squeaky or dry after washing, it’s a sign you’re over-cleansing. 2. Skipping Sunscreen Indoors And During Winters (Image Source: ABPLIVE AI) Most people think sunscreen is only necessary when stepping outdoors, but this is a major misconception. Sun damage occurs not just through UVB rays but also UVA rays. These rays enter through windows, car windshields and even cloudy skies. Indoor lighting also contributes to photo-ageing. In winters, sunscreen is often neglected, but UV radiation remains present and just as harmful. Dermatologists stress that sunscreen should be applied every day. A broad-spectrum SPF 30 or SPF 50 protects against UV rays, reduces tanning, prevents sunspots and slows down signs of ageing. If you're struggling with uneven skin tone, dullness or premature fine lines, skipping sunscreen might be the hidden culprit. 3. Sleeping With Makeup Or Sunscreen On (Image Source: ABPLIVE AI) Leaving makeup or sunscreen on overnight is one of the quickest ways to damage your skin. Even if your makeup is labelled “non-comedogenic,” sleeping with it clogs pores, traps dirt and prevents the skin from breathing. Sunscreen, too, tends to mix with sweat, oil and pollution throughout the day, creating a layer that needs thorough cleansing. When left overnight, it causes blackheads, whiteheads, breakouts and rough skin texture. Your skin repairs itself at night, producing collagen and flushing out toxins. When makeup blocks this process, the skin becomes congested and inflamed. Experts recommend double cleansing, starting with a cleansing balm or micellar water followed by a gentle face wash. Removing makeup before bed is non-negotiable if you want clear, glowing skin. 4. Not Moisturising Because Your Skin Feels Oily (Image Source: ABPLIVE AI) Many people with oily or acne-prone skin skip moisturiser, believing it will make their skin shinier or worsen breakouts. In reality, avoiding moisturiser triggers the opposite effect. Hydration and oiliness are not the same. Even oily skin can be dehydrated, especially due to AC exposure, harsh cleansers or hot showers. A lightweight, gel-based, non-comedogenic moisturiser helps balance the skin’s moisture levels without weighing it down. Ingredients like hyaluronic acid, niacinamide, glycerin and ceramides support hydration, repair the skin barrier and reduce redness. Skipping moisturiser is a hidden mistake that silently weakens your skin, especially if you live in air-conditioned environments or polluted cities. 5. Picking Or Squeezing Pimples (Image Source: ABPLIVE AI) Pimple-popping might feel satisfying, but it causes long-term damage. When you squeeze a pimple, you push bacteria and inflammation deeper into the skin, causing more swelling and redness. It also increases the risk of permanent scars and pigmentation. Dirty nails, excessive pressure, and repeated touching can introduce new infections. Dermatologists recommend hands-off healing, spot treatments with salicylic acid or benzoyl peroxide, and hydrocolloid patches to safely extract fluids. Even if the pimple disappears quickly, the scars and marks left behind can take months to fade. In the long run, picking pimples does more harm than the pimple itself. 6. Using Too Many Products At The Same Time (Image Source: ABPLIVE AI) With the rise of skincare influencers and viral product recommendations, many people end up using too many products, leading to over-exfoliation, sensitivity and chemical burns. Layering multiple serums or experimenting with strong actives without understanding their interactions overwhelms the skin and disrupts its natural rhythm. Retinol, AHAs, BHAs, vitamin C and peptides all have benefits, but not when used without guidance. Overusing exfoliants can strip the barrier, causing redness, stinging, breakouts and rough patches. If you notice sudden irritation, your skin routine might be too complicated. Start slow, patch-test new products and introduce one active at a time. 7. Not Cleaning Your Phone, Pillowcases, And Makeup Tools (Image Source: ABPLIVE AI) Your phone screen carries more bacteria than you realise. Every time you press it against your face, the germs transfer onto your skin, leading to breakouts, especially on the cheeks and jawline. Pillowcases also collect oil, sweat, hair products and dust, which rub against your face while sleeping. Similarly, dirty makeup brushes and sponges accumulate bacteria that clog pores and cause infections. These unnoticed triggers can sabotage your skincare routine even if you use high-quality products. Washing pillowcases weekly, sanitising your phone daily and cleaning makeup tools regularly can drastically reduce acne flare-ups. 8. Taking Hot Showers Too Often (Image Source: ABPLIVE AI) Hot showers feel relaxing, but they are extremely damaging for your skin. Hot water strips away natural oils, weakens the skin barrier and causes rapid moisture loss. This leads to dryness, itching, redness and irritation. People with eczema or sensitive skin are especially vulnerable. Frequent hot showers also trigger dehydration, making the skin look dull and stretched. Switching to lukewarm water helps maintain hydration and keeps the barrier healthy. Applying a moisturiser immediately after bathing locks in moisture and restores softness. 9. Ignoring Your Neck And Hands (Image Source: ABPLIVE AI) While most people focus only on their face, the neck and hands show signs of ageing much earlier. These areas get sun exposure, lose collagen faster and are prone to dryness. Forgetting sunscreen and moisturiser here causes wrinkles, sagging and pigmentation. Simply extend your moisturiser, sunscreen and serums downwards. Hands also need SPF, especially while driving or working outdoors. 10. Excessive Screen Time Without Blue-Light Protection (Image Source: ABPLIVE AI) With long hours spent on laptops and phones, blue light exposure has become a real skincare concern. Blue light penetrates deeper than UV rays and contributes to pigmentation, dullness and premature ageing. Many people notice dark patches or melasma worsening due to uninterrupted screen exposure. Using blue-light-protective skincare, matte sunscreens with iron oxides and adjusting screen brightness can help. Taking regular breaks and using night mode also reduces stress on your skin.

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11 months ago
How the discovery of the ‘inner kernel’ may hold the answers to Neptune’s migration
World

How the discovery of the ‘inner kernel’ may hold the answers to Neptune’s migration

Astronomers have discovered a new, previously unnoticed concentration of icy bodies in the Kuiper Belt, dubbed the 'inner kernel.' This finding, made possible by advanced clustering algorithms, suggests the cold classical belt is more layered than previously thought. It offers crucial new insights into Neptune's complex migration and the early evolution of our Solar System, challenging existing models.

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11 months ago
John shoots intense cop drama at Mumbai Central station
Entertainment

John shoots intense cop drama at Mumbai Central station

Sussanne Khan honors her late mother Zarine Khan with heartfelt tributes, calling her ‘Angel Mummsy.’ Zarine passed away on November 7 at 81. Sussanne shares her ongoing sense of Zarine’s presence, posting cherished photos and emotional messages. Zarine was a celebrated 1960s actress turned interior designer, survived by her family.

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11 months ago
UAE unveils ‘United’ theme for 54th Eid Al Etihad celebration with nationwide and online screenings
World

UAE unveils ‘United’ theme for 54th Eid Al Etihad celebration with nationwide and online screenings

The UAE has unveiled the ‘United’ theme for its 54th Eid Al Etihad celebration, inviting all residents to join nationwide and online screenings. Taking place across all seven emirates, the festivities aim to foster connection, pride, and belonging among the country’s 200 plus nationalities. Events include public broadcasts, community activities, and interactive guides for families, ensuring everyone can participate.

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11 months ago
Sunita Ahuja recalls her last meeting with Dharmendra
Entertainment

Sunita Ahuja recalls her last meeting with Dharmendra

Bollywood legend Dharmendra has passed away, leaving the industry in mourning. His charm and warm personality were deeply admired by many, including Govinda's wife Sunita Ahuja, who shared emotional memories of their last meeting and a past dance performance. Govinda also paid tribute to his 'ustad' with a heartfelt post, remembering their shared films and strong bond.

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11 months ago