India is doubling down on Russian crude oil purchases despite warnings from the US, snapping up every major grade from the OPEC+ producer as its war in Ukraine nears a third month.
V. Anantha Nageswaran says he is surprised by Fed's hawkishness in hiking rates. With US inflation hitting 4-decade high in February, Fed raised rates in March and plans more hikes.
Market has been driven by developments surrounding the war & concerns about lockdowns in China, with a liquidity crunch adding to oil’s volatility, leaving prices vulnerable to big swings.
No government-to-government deal has been worked out so far, top-level official sources said. Nearly 85 per cent of India’s crude oil requirement is imported.
Asia as a net importer is vulnerable to oil price spike due to Russia’s invasion of Ukraine. But with more than 40% global exports stemming from the region, rising prices will ripple globally.
Over generations, Bihar’s bane has been its utter lack of urbanisation. But now, even Bihar is urbanising. Or let’s say, rurbanising. Two decades under Nitish Kumar have created a new elite in its cities.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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