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India Appoints Piyush Goyal As Interim Finance Minister

INDIA'S minister for railways and coal has today (23) been named the country's interim finance minister.

Piyush Goyal will take on the additional portfolio as finance minister Arun Jaitley is in the US for medical treatment.


India's interim budget is due to be presented next week, ahead of a scheduled general election in May.

However, Jaitley will not present the budget.

The Indian government has not commented on Jaitely's medical condition.

“The president of India, as advised by the prime minister, hereby directed that during the period of indisposition of Arun Jaitley, minister; the portfolios of minister of finance and minister of corporate affairs held by him, be temporarily assigned to Piyush Goyal, in addition to his existing portfolios,” said a statement from the Indian president’s secretariat today.

“Further, as advised by the prime minister, Arun Jaitley be designated as minister without portfolio during the period of his indisposition or till such time he is able to resume his work as minister of finance and minister of corporate affairs,” the release added.

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Asian stocks lead global rally as gold and silver hit record highs

The broadest Asia-Pacific index outside Japan rose 0.4 per cent

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Asian stocks lead global rally as gold and silver hit record highs

Highlights

  • Asia-Pacific shares rise 26 per cent for year, marking best performance since 2017.
  • Gold surges 72 per cent in 2025 to reach $4,525.86 per ounce, while silver jumps 150 per cent to record $72.27 in best year ever.
  • US economy expands faster than expected in third quarter, pushing S&P 500 to closing record.

Asian stock markets led a global rally on Wednesday as shares held near record levels, while precious metals extended their bullish momentum to unprecedented highs as 2025 draws to a close.

The broadest Asia-Pacific index outside Japan rose 0.4 per cent, capping a 26 per cent gain for the year, its strongest performance since 2017.

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