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Economy

A crude oil tanker from Kharg Island oil terminal in the Persian Gulf, Iran | Bloomberg

Iran’s biggest oil clients put imports on hold as they wait to see if US extends waivers

Most Asian buyers are avoiding imports for next month as it’s unclear what will happen to the exemptions that expire in the first week of May.
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai, India

Monsoon worries are a new headwind for bond rally

Predictions for below-average rain by a private forecast has raised spectre of increasing food costs combining with higher oil prices.

Election promises are giving a big push to financing deals for infrastructure projects

Loans for projects came to Rs 520 billion in March quarter, the highest since 2011, compared with Rs 144 billion in previous quarter.
Illustration by Soham Sen | ThePrint

Bollywood star on ads, Disneyland tickets, space-age branding & yet Thril cola fizzled out

Caught between two worlds, McDowell’s Thril cola made an impact in India, but briefly.

Who says rate moves need to be 25bps? Not Shaktikanta Das

RBI's Shaktikanta Das' suggestion on bigger interest-rate moves comes as markets see one more rate cut to boost growth in the $2.6 trillion economy amid risks from abroad.

Economy needs to grow at 8% for India to deal with poverty, says RBI’s Shaktikanta Das

India is expected to post economic growth of 7.2% this fiscal, and is seeing below-target inflation even as rising oil prices add an upside risk.

Australian billionaire James Packer may end family empire with Wynn’s on-off bid

James Packer's casino operator Crown Resorts Ltd. said it was discussing a $7 billion sale with Wynn Resorts, but the deal gave way hours later.

More banking consolidations in India can lead to higher efficiency, say RBI researchers

Researchers said state-run banks fared better than private ones as they slowed hiring and adopted technology.
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai, India

Bimal Jalan panel to decide RBI’s surplus reserves misses deadline, report after elections

The six-member Bimal Jalan committee was formed last year after a tussle between Modi govt and then RBI governor Urjit Patel over RBI’s reserves.
Narendra Modi and Xi Jinping | Graham Crouch/Bloomberg

India-China trade deficit down by $10 billion in 2018-19

Although the India-China trade deficit registered a marginal decline a couple of times over the past 10 years, the fall has never been as much as seen in 2018-19.

On Camera

Pakistani generals want to restore their golden era & that’s why Musharraf’s team is back

Musharraf’s team was competent because it secured western assistance, pledging to fight terrorists while covertly assisting them at the same time.

IAS poll observer: With Modi breaking rules, should EC give him special security treatment?

The Election Commission has suspended an IAS officer who had inspected PM Narendra Modi’s chopper in Odisha’s Sambalpur Tuesday.

Defence

Satellite images suggest that China is testing and weaponising its naval platforms for space denial

China is now testing laser ASAT weapons from its naval ships

China has already tested missile & EMP anti-satellite weapons from the ground. Now it’s using icebreaker ships in the Yellow Sea/Bohai Sea area.
Graphic by Soham Sen | ThePrint

Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country

The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.