Magnitude 5.7 Earthquake Shakes North Sulawesi, Indonesia

A magnitude 5.7 earthquake jolted Tutuyan in Indonesia's North Sulawesi province early Sunday. The tremor occurred at 1:56 AM local time, with its epicenter located 124 kilometers southeast of Tutuyan at a depth of 10 kilometers. The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) confirmed the earthquake did not pose a tsunami risk.

G-Secs were made more attractive to foreign investors through tax concessions. The Reserve Bank of India also implemented monetary measures, including hedging cost subsidies for external commercial borrowings. These actions aim to increase foreign exchange inflows and support the rupee.

The coordinated efforts between the finance ministry and the RBI have been noted for their timeliness and effectiveness in navigating a volatile global economic landscape. This coordination was also evident in the recent GDP figures, which showed India's economy growing at 7.7% for the fiscal year 2025-26, solidifying its status as the world's fastest-growing major economy. The fourth quarter GDP growth reached 7.8%.