Economy News ( English version)

Dina Powell McCormick, a former top adviser to President Donald Trump, has resigned from the Meta Platforms board just eight months after she was brough onboard by Mark Zuckerberg. Sources say she will continue her association in an advisory role. 

Musk's 2018 Tesla pay package is set to be reinstated as the Delaware Supreme Court reversed the ruling of a judge who previously found that the CEO had influenced board members, who came up with the compensation plan, improperly.

Tesla CEO Elon Musk has had a year for the ages. He’s up about $200 billion and counting.

Hindustan Zinc's CEO Arun Misra ran his first full marathon in October—the world's deepest over a kilometer underground in a Swedish mine. Misra wanted to highlight modern mining practices and shift public perception of the industry and remind customers how integral mining is to everyday life. 

Altice USA lenders have tapped Sullivan & Cromwell to help fight a lawsuit which alleges they worked together to freeze the company out of the US credit market.

In its final parliamentary session of the year, Prime Minister Narendra Modi’s government pushed through major economic reforms aimed at boosting growth amid trade challenges. Parliament approved bills allowing private investment in nuclear energy, full foreign ownership of insurance firms, and a unified securities market code.

Net direct tax collections have risen 8% to ₹17.05 lakh crore by December 17, driven by strong corporate tax payments and reduced refunds. While corporate earnings appear robust, experts suggest the government might miss its budgeted target due to a potential shortfall in income tax collection.

New rules for the National Pension System offer more flexibility. Subscribers can now withdraw their entire pension wealth in a lump sum if it is ₹2 lakh or less. These changes aim to make the NPS more inclusive and responsive to subscriber needs. The amendments also provide clearer provisions for nominees and legal heirs.

The Pension Fund Regulatory and Development Authority (PFRDA) in India is facing a daunting challenge in rolling out minimum return guarantee products. A conflict within the PFRDA Act complicates the launch of these vital offerings.

India and Oman are set to implement a free trade agreement in the next three months. This pact allows Indian firms to employ 100% Indian staff for their investments in Oman. Oman offers zero-duty access on over 98% of its tariff lines for Indian exports. Indian businesses can invest in sectors like steel, energy, education, and healthcare in Oman.