While petrol and diesel prices remained frozen after a hike between 22 March - 6 April, ATF prices surged, further compounded by the depreciation of the rupee against the dollar.
India proving to be a bright spot for jet fuel demand after Covid delta variant interrupted air travel recovery. This could be fleeting though if vaccination pace doesn't improve.
With International Air Transport Association not expecting air travel to get back to pre-virus levels until 2024, this may be a feature of the market for some time to come.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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