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Cars make a comeback as lockdowns ease and public transport remains a no-no

Driving has emerged as the socially distant transportation of choice and is offering some relief to an oil market fresh off its worst crash in history.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Kerala could lose Rs 13,000 cr in remittances as over 4 lakh register to return from abroad

The Covid pandemic and the ongoing economic crisis have led to severe job losses abroad, prompting thousands to approach the Kerala government to return home.
Representational image Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg

Recovery in oil consumption could take decades as aftermath of Covid crisis remains unclear

After the oil-price slump of the mid-1980s, it took two decades for prices to return to their previous levels — longer if you build in the effects of inflation.
oil well

Tharoor sees opportunity in oil crisis, Urjit Patel wants RBI to preserve inflation liquidity

Today’s political, economic & strategic punditry from M.K. Narayanan, Pronab Sen, Mahesh Vyas and many others.

Why oil prices in US crashed to negative and what it means for India

In episode 451 of #CutTheClutter, Shekhar Gupta explains how oil markets work and how the coronavirus lockdown has impacted the global demand for oil.
US President Donald Trump

Trump says US ‘locked & loaded’ after Saudi attack, raises bipartisan alarm

The prospect of a strike on Iran in retaliation for an attack that didn’t target Americans or even a country with which the US has a defense treaty is proving divisive in Washington.
Naftna Industrija Srbija AD (NIS) oil refinery in Pancevo, Serbia

How Saudi Arabia, Iraq and Russia can make up for a global oil shortfall

While Saudi Arabia and Russia seek to boost output, Iraq has already produced a record 4.66 million barrels by September this year

On Camera

A file photo of Turkey President Recep Tayyip Erdogan. | Photo: Jeenah Moon/Bloomberg

How France-Turkey’s probable but unlikely conflict has been shaped by Erdogan’s politics

In episode 604 of #CutTheClutter, Shekhar Gupta explains the recent France-Turkey conflict and the deeper implications of this row.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

Banks have not a signed a single agreement for RBI’s debt recast scheme for high value loans

Tepid response to the debt recast scheme is being seen because there is lack of awareness and reluctance by banks, say bankers.

Defence

Army personnel during a parade (representational image) | Photo: Suraj Singh Bisht | ThePrint

Army develops WhatsApp-like app for personnel to dodge risk of communication leaks

The Secure Application for Internet supports secure voice, text and video-calling services for Android platforms over the internet. It is end-to-end encrypted. 
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.