The 2 main risks facing the Indian economy in the short term are energy prices & availability and high fertiliser prices, the Finance Minister said at The Brookings Institution in the US Tuesday.
India’s domestic gas production is already tiny & it has shrunk by 40% over past nine years. Keeping that base narrow with unsustainable pricing wasn’t a financially prudent move.
The global benchmark’s prompt timespread was 42 cents in backwardation compared with as high as $4.64 in early March just after the Russian invasion of Ukraine.
In a televised speech Monday, Russia’s Deputy PM Alexander Novak said Moscow has the right to take actions that 'mirror' the penalties imposed on the country's economy.
Surging natural gas prices means it will be costlier to power factories or produce petrochemicals, rattling every corner of the global economy and fuelling inflation fears.
Lt Gen Hardev Singh Lidder’s book on Operation Sarp Vinash shows why the Indian Army’s 2003 campaign to clear terrorist strongholds in Rajouri-Poonch still matters today.
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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