Something bizarre happened in the oil markets on Monday: Prices fell so much that some traders paid buyers to take oil off their hands.
Category: Economy
Business Travel Has Stopped. No One Knows When It Will Come Back. – The New York Times
But one thing is certain: It will be changed. Airports, airlines and hotels will be taking new precautions, experts predict. And conferences will eventually return.
What the Negative Price of Oil Is Telling Us – The New York Times
We’re in a deflationary moment that surpasses anything seen in most people’s lifetimes. The coronavirus pandemic has caused a series of mind-bending distortions across
Why oil price collapse in US not to lead to any big drop in fuel prices in India – The Financial Express
India imports 4 million barrels/day of oil. The country has been benefiting from the falling prices of oil for the last five years, when oil
US Immigration Suspended: Donald Trump says he is temporarily suspending immigration | World News – Times of India
WASHINGTON: US President Donald Trump announced on Monday night that he will sign an executive order to “temporarily suspend” immigration into the United States, citing “the attack from the
Supreme Court: We cannot direct government to pay migrant workers | India News – Times of India
NEW DELHI: The Supreme Court on Tuesday said it would not get into budgetary or financial domain of the Union government by directing it to pay basic
Opinion | Gretchen Whitmer: I Have Made Gut-Wrenching Choices to Keep People Safe – The New York Times
The actions Republican and Democratic governors have taken have been done to protect families from the spread of the coronavirus. Empty streets where the Lodge
Opinion | Marco Rubio: The Coronavirus Shows We Need a More Resilient American Economy – The New York Times
With a sensible industrial policy, workers will take precedence over short-term corporate gain. Americans are a resilient people. We persevere through difficult circumstances and arrive
Opinion | Are We Really Facing the Coronavirus Together? – The New York Times
The pandemic has helpfully scrambled how we value everyone’s economic and social roles. An Instacart worker shopping for someone else’s groceries last month.Credit…Erica Lee for
Opinion | Trump Was Too Focused on the Economy to Fight the Coronavirus – The New York Times
Trump is Mark Twain’s king, the great American con man. It’s the money. With President Trump, that never changes. The Dow at 30,000 was his
Donald Trump eyes Saudi oil import ban, SPR fill as prices go negative – business news – Hindustan Times
He said he wants either permission from Congress to purchase oil for the reserve or will allow companies to use its 75 million barrels of
For special measures for small NBFCs–Economic Times
The coronavirus lockdown has led to a cash crunch for India’s large shadow banking system. The Reserve Bank of India (RBI) and the government must
Over 40% of defence MSMEs face closure within 3 months – The Economic Times
The coronavirus crisis-led lockdown could wipe out about 40% of the defence sector’s micro, small and medium enterprises within three months unless a support package
Stress on industry due to Covid-19 to extend beyond Q1 of FY21, more firms willing to retain manpower: ASSOCHAM Survey – The Economic Times
The ASSOCHAM-Primus Partners Survey was conducted across different sectors, including manufacturing, infrastructure and services with a sample size of 3,552, encompassing all segments of the
CBDT says it’s mails to 1.72 lakh assesses to settle refund against outstanding tax cannot be misconstrued as harassment – The Economic Times
Since April 8, the CBDT has been fast-tracking refund payments to help taxpayers in the COVID-19 pandemic situation and has till date issued nearly 14
Post-negative oil: Crude demand, prices to fall further – The Economic Times
MUMBAI: There is more pain for the crude oil market as demand, which has already been falling before coronavirus, has plunged about 64 per cent
Deficit funding to rate cuts are India’s options to fight virus – The Economic Times
Analysts say Governor Shaktikanta Das will need to do a lot more in coming weeks. With a limited fiscal response so far, the Reserve Bank
Industry: Boom time for cloud services as work comes home – The Economic Times
The public cloud industry is set to get a boost as firms across sectors are forced to depend on remote working. New Delhi: The public
Crouching tiger is the hidden dragon. How kirana stores used novel sourcing and clever approach to inventory to win. – ET Prime
The philosopher Zeno of Elea (490-430 BC) had a penchant for paradoxes. One of them is the paradox of the Achilles and the tortoise. According
INR16 lakh crore hit; dual demand, supply shocks. The ravaged economy needs a big, swift stimulus. – ET Prime
It’s cataclysmic, and a double whammy for those at the helm of the Indian economy — Nirmala Sitharaman and Shaktikanta Das. Consider the daunting odds.
