Friday, 22 June, 2018

Economy

India’s growth fastest among big economies but it is yet to make a mark on job market

Survey finds hiring in formal job market stagnant; data shows jobs lost not high either as unemployment rate fell to 5.29% in May from 5.64% in April.
Videocon

Deep in debt, Videocon blames Modi’s India, Supreme Court and Brazil

State Bank of India filed an insolvency petition against Videocon. The TV maker filed an appeal to get back control, blamed India and Brazil for bad debt pile.
A worker refuels a scooter | Dhiraj Singh/Bloomberg

Oil price cut depends on Modi govt’s ability to convince BJP-ruled states: Rajiv Kumar

The NITI Aayog vice chairman says the government must speak to BJP chief ministers as his organisation has no more leverage with the states for a cut in oil
Urjit Patel

Will strengthen banking system, RBI chief assures parliamentary panel

Patel said that after the implementation of the Insolvency and Bankruptcy Code, crisis over the non-performing assets was improving.
The Bombay Stock Exchange

Why India is a haven in this emerging-market turmoil

Experts say there's enough demand from the nation's booming middle class to render it relatively immune to external shocks. 
popular social media apps

The Indian Supreme Court judge who is making Facebook, Google and Amazon very nervous

B.N. Srikrishna is leading the effort to draft new data-privacy laws for India that will regulate how tech giants from the US and elsewhere operate in the nation of 1.3 billion. 
Latest news on oil prices

8 percent Indian bond yield is not enough to meet the demand-supply mismatch, flags pimco

Due to risks from higher oil prices, rising debt supply and a weakening currency, Pacific Investment Management Co. and Schroder Investment Management Ltd. are wary of adding to holdings in Asia’s highest-yielding major market.
A Bharat Petroleum Corp. refinery stands in the Mahul area of Mumbai

India’s demands erode 90% of once cash rich ONGC coffers

ONGC’s largest shareholder, the central government, has been tapping state-run companies including India’s biggest energy explorer to bridge its fiscal deficit.
File image of liquor bottles | Commons

Bihar booze ban: Bane for state, boon for neighbours

Since Nitish Kumar brought in prohibition in December 2015, Bihar’s neighbours Jharkhand and West Bengal have seen steady spikes in their excise revenue.
Patanjali CEO Acharya Balakrishna (left) and Patanjali founder Baba Ramdev (right)

Baba Ramdev and aide bring in cyber experts to plug Kimbho holes

While the initial release proved popular in terms of downloads, Patanjali’s first foray into technology was quickly criticised online by experts as a 'joke' and 'security disaster'.
Illustration by Siddhant Gupta

Article 370: Can Modi revoke it before 2019 and will it heal or hit Kashmir’s ties with rest of Ind...

Barely 48 hours after the BJP pulled out of the alliance with the PDP in Kashmir, talks on revoking Article 370 have gained steam. BJP MP, Sabha Subramanian Swamy in a tweet claimed to have written to the PMO on “why Article 370 can be deleted without Parliament concurrence."
Illustration by Arindam Mukherjee | ThePrint

Thanks to Modi govt’s woolly-headedness, it’s 1993 in Kashmir again

Both countries treat Kashmir as a blood feud, and they will continue the fight till the last Kashmiri.