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FACTORS TO WATCH
10:00 am: NITI Aayog CEO Amitabh Kant to release a report in New Delhi.
11:15 am: Meeting of 15th Finance Commission with its Economic Advisory Council in New Delhi.
INDIA TOP NEWS
• India August retail inflation rate climbs, rate cut hopes still high India's retail inflation rate increased to a 10-month high in August but stayed below the central bank's 4% medium-term target, strengthening expectations that there will be another interest rate cut next month.
• Indian states resist government's steep hike in traffic fines
More than a dozen Indian states are planning to resist or reconsider steep hikes in traffic fines imposed by the central government, ministers and local media said on Thursday, amid rising anger from motorists across the country.
• Drought, floods could cut Indian sugar output to 3-year low -trade body
India's sugar output could fall 20% to the lowest level in three years in 2019/20 after drought last year forced farmers to curb cane planting and as floods this year damaged crops in key growing areas, a senior industry official said on Thursday.
• Top Indian spice mix recalled in U.S. on salmonella contamination
Some batches of a spice mix sold by top Indian cooking brand MDH were taken off the shelves in the United States for salmonella contamination, the U.S. Food and Drug Administration (FDA) said.
• Thousands detained in Indian Kashmir crackdown, official data reveals
Authorities in Indian Kashmir have arrested nearly 4,000 people since the scrapping of its special status last month, government data shows, the most clear evidence yet of the scale of one of the disputed region's biggest crackdowns.
GLOBAL TOP NEWS
• Trump favors 'whole deal' with China, two sides prepare for trade talks
President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an "easy" agreement would not be possible.
• Draghi ties Lagarde's hands with promise of indefinite stimulus
European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump.