Here are the top national and international news updates for December 6, covering key developments in politics, economy, diplomacy, and global events.
INDIA-RUSSIA TRADE PACT EXPANDS
Vladimir Putin and Narendra Modi agreed on a new economic cooperation plan aiming to boost bilateral trade to US$100 billion by 2030.
RESERVE BANK OF INDIA SLASHES REPO RATE
The central bank cut its key rate by 25 bps to 5.25% and announced liquidity support to boost growth amid stable inflation.
INDIGO FLIGHT CANCELLATIONS TRIGGER CRISIS
India’s busiest airline cancelled ~500 flights over several days, prompting regulators to suspend pilot night-duty rules to ease disruption.
ASIA’S IPO PIPELINE FACES AI-VALUATION PRESSURE
Despite a surge in IPO filings in China and India, concerns over inflated valuations in tech stocks may slow Momentum into 2026.
GLOBAL MARKETS RALLY AS DOLLAR WEAKENS
Stocks worldwide rose for a second week after signs that US inflation might ease, fueling speculation of a rate cut by the Federal Reserve.
RUPEE WEAKENS POST-RATE CUT
The Indian rupee slipped below Rs 90 per dollar after the RBI decision, continuing its slide amid weak external flows.
BANKS ORDERED TO RINGFENCE NON-CORE UNITS
The RBI directed Indian banks to separate core banking from non-core business activities by March 2026 to reduce systemic risk.
FUTURE OF INTERNET INFRASTRUCTURE IN DOUBT AFTER CLOUD-SERVICE DISRUPTION
Outages affecting major web services reignited debate over global dependency on a few cloud-service providers.
FIFA WORLD CUP 2026 DRAW CRITICISED OVER POLITICS INFLUENCE
The draw ceremony in Washington saw heavy involvement from political figures, highlighting concerns over rising politicisation of major sports events.
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