Clipped from: https://www.thehindu.com/news/international/us-to-send-medium-range-rocket-systems-to-ukraine/article65484678.ece?homepage=true Biden administration is sending Ukraine a small number of high-tech rocket systems as battle for east rages In this file photo taken on
Day: June 1, 2022
*****How much oil does the European Union import from Russia? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/european-union-bans-russia-oil-ukraine-war-7946728/ The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions
*****Centre lines up banks, others for e-commerce scheme to take on Amazon, Walmart | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/centre-lines-up-banks-others-for-e-commerce-scheme-to-take-on-amazon-walmart-1114391.html Indian e-commerce was worth more than $55 billion in gross merchandise value in 2021 and will grow to $350 billion by the end
*****Press the capex pedal | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/press-the-capex-pedal/2544373/ Economy is above pre-pandemic level, but that’s only a small consolation. Manufacturing is languishing, at 9.9% last fiscal on the back of a
*****Current Inflation can’t be cooled through Monetary tools | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/current-inflation-cant-be-cooled-through-monetary-tools/2544820/ Out of all inputs, the rise in cost of domestic coal and minerals is unprecedented which has affected the cost of basic goods
*****Why a quick compromise for Russia will be bad for India, encouraging for China – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/why-a-quick-compromise-for-russia-will-be-bad-for-india-encouraging-for-china/articleshow/91925610.cms Synopsis Every argument made today to sacrifice Ukrainian territory for the greater good can become an argument to force compromise on India after
*****India GDP Growth: Fast growth still on, but inflation… – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/fast-growth-still-on-but-inflation-/articleshow/91925978.cms Synopsis The sequential slowdown in growth from 20.3% in the first quarter of 2021-22 through 8.5% in the second and 5.4% in the
*****Stagflation: View: Recession may be avoided, but stagflation may be on the cards – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-recession-may-be-avoided-but-stagflation-may-be-on-the-cards/articleshow/91925674.cms Synopsis The outlook is clouded by the possible impact of geopolitical tensions on commodity prices, particularly oil, and hence on inflation and growth.
*****Russia sanctions: Has sanctioning Russia worked? Oil, gas sales put $285 billion in Putin’s pocket – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/has-sanctioning-russia-worked-oil-gas-sales-put-285-billion-in-putins-pocket/articleshow/91936727.cms Synopsis For years, Russia has acted as a vast commodity supermarket selling what an insatiable world has needed: Not just energy, but wheat,
*****From Tirupur to Panipat, soaring cotton prices are searing India’s textile exporters and mills – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/from-tirupur-to-panipat-soaring-cotton-prices-are-searing-indias-textile-exporters-and-mills/articleshow/91932307.cms SynopsisHigh cotton prices are plaguing textile firms, and many mills are being forced to shut operations. This situation could have been avoided with
*****RBI failed to read the signals and didn’t withdraw liquidity in time. We are paying the price now: Mythili Bhusnurmath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/rbi-failed-to-read-the-signals-and-didnt-withdraw-liquidity-in-time-we-are-paying-the-price-now-mythili-bhusnurmath/articleshow/91940537.cms SECTIONS RBI failed to read the signals and didn’t withdraw liquidity in time. We are paying the price now: Mythili Bhusnurmath Last Updated:
*****Start-ups pull back or defer job offers made at campuses – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/start-ups-pull-back-or-defer-job-offers-made-at-campuses/article65480549.ece Trend seen across industries, including edtech, traditional IT companies, healthtech and logistics The hiring party is over. As the funding environment gets tough,
*****Economy slows to 4.1% in Q4 on Ukraine war; expands 8.7% in FY22 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/india-records-87-gdp-growth-rate-in-fy22-q4-growth-down-at-41/article65480825.ece Better placed than many countries to support growth, says CEA V Anantha Nageswaran India reported economic growth rate of 8.7 per cent against
*****Q4FY22 GDP data show the scars of Omicron and Ukraine war – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/still-in-the-woods/article65480873.ece The NSO’s latest provisional estimates of India’s GDP growth for Q4 and full-year 2021-22 are largely devoid of negative surprises. The topline numbers,
*****FY23 begins on a strong note for banks with double digit credit growth in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fy23-begins-on-a-strong-note-for-banks-with-double-digit-credit-growth-in-april/article65480991.ece Credit registered a growth of 11.3 per cent year-on-year in April 2022, up from growth of 4.7 per cent a year ago FY23
*****OPS, NPS and the AP alternative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ops-nps-and-the-ap-alternative/article65481198.ece The old pension system is fiscally onerous and the NPS niggardly. The AP govt’s formula is worth looking at The outcomes (in terms
*Eurozone inflation hits record 8.1 per cent amid rising energy costs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/eurozone-inflation-hits-record-81-per-cent-amid-rising-energy-costs/article65481339.ece Soaring prices are weighing on household finances London, May 31 Eurozone inflation hit a record 8.1 per cent in May amid surging energy
Despite export ban, FCI procures only 6 lakh tonnes of wheat – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/despite-export-ban-fci-procures-only-6-lakh-tonnes-of-wheat/article65481038.ece Despite the Centre banning wheat exports from May 13, the Food Corporation has not been able to muster enough of the grain for
*Will back Fed on inflation by cutting on demand: US President Joe Biden | Business Standard News
Clipped from: https://www.business-standard.com/article/international/will-back-fed-on-inflation-by-cutting-on-demand-us-president-joe-biden-122060100059_1.html Biden said his “predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of inflation. I won’t
*****Cryptocurrencies becoming a popular option in US to fund retirement | Business Standard News
Clipped from: https://www.business-standard.com/article/international/cryptocurrencies-becoming-a-popular-option-in-us-to-fund-retirement-122053101604_1.html Some 27% of Americans aged 18-60 – around 50 million people – have owned or traded crypto in the past six months, a