India's appetite for imported crude oil may wane in fiscal year (FY) 2023 from record levels in pre-pandemic 2019-20 fiscal as higher oil prices, a spillover from the conflict in Ukraine, and increasing use of biofuels affect domestic demand for petroleum products. Brent crude surged to a nine-year high, shy of a July 2008 record $147.50 a barrel, before declining to around $100 a barrel - but the volatility in commodity rates will slow global economic growth and use of fuels. Demand for all oil products may grow at only 2-3 per cent in FY23, slower than the current fiscal and nearly half the 5.5 per cent growth estimated by the petroleum ministry, according to industry officials.
The assurance comes as India's Covid graph dips -- on Friday 1,109 new coronavirus infections were reported -- and also one case of a new Covid strain in Mumbai.
The Centre on April 19 had announced a ''liberalised'' policy, making all above 18 years of age eligible to get vaccinated from May 1. It has also allowed state governments and private hospitals to purchase vaccines from manufacturers.
Earlier, in September, authorities seized around 3,000 kg of the drug at the Mundra port in Gujarat's Kutch district.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Nearly a decade ago, the first fully electric vehicle (EV) caught fire on the road in the US. It was a model from Tesla, the world's most admired EV maker. A metal fragment punctured the underbelly of the vehicle, penetrating its battery pack, leading to a fire. Indian lawmakers and automakers have had nine years to study the incident (in fact, three Tesla Model Ss caught fire in two months in 2013) but seem to have learnt little.
China has started producing five drugs that can be used in four different cocktails to treat AIDS patients, whose numbers are rising alarmingly.
'Politics is in a mess. Good people have to join to clean it up.'
Electronics and white goods manufacturers such as Videocon, Spice, Usha and Mirc Electronics have begun engaging the services of Independent design houses to take on the likes of global giants including Nokia, Sony Ericsson and LG in the mobile handset space. An IDH conducts research and development and designs handsets to enable Indian telcos launch their own mobile handset brands. It takes an upfront one-time fee for the purpose.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Prime Minister Narendra Modi on Saturday got emotional after interacting with one of the beneficiaries of Pradhan Mantri Bhartiya Janaushadhi Pariyojana who got paralysis attack a couple of years ago and is now recovering from the generic medicine provided under the scheme.
'Did the Moneyball philosophy get redefined in the domain of the cash-rich IPL, which has become an integral part of the cricketing ecosystem?' asks Atanu Biswas.
'We have all the technologies available, but it should be converted to something that can be commercially viable.'
'Higher than expected inflation in the US or the European Union, faster than expected tightening by the major central banks, break out of a war in Europe, and withdrawal of portfolio equities from the emerging markets are factors which can result in equity market corrections.'
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
'The prime minister in a way defeated the ill-designs of separatist forces.'
Passengers flying to West Asia can soon see fares going down by 10 to 30 per cent as Indian domestic operators such as Jet, its low-cost carrier (LCC) Jet Lite and Air Deccan are all set to fly to this market.
In the first sign of dissent within the ruling UPA government, Agriculture & Food Minister Sharad Pawar on Wednesday indicated that covering two-thirds of the population under the proposed Food Security Bill was not feasible.
'Real estate loans are given in the garb of retail loans, sourcing money cheap from the NHB refinance window.' 'This loophole is being plugged,' notes Tamal Bandyopadhyay.
The secret to a good homemade idli is all about getting the basics right.
'Nehru wanted to strengthen industries by exploiting agriculture and that policy was continued by successive governments.'
"You can spend on brand creation strategy, pay customers only when they transact. Most of us are doing both. Everybody tries to buy market share. This is what the budget carriers did when they entered the market." says Ashwin Damera, CEO, travelguru.
For those who've always wanted to drive a BMW in India, the 2 Series is easily the most fun to drive everyday car that money can buy.
With Tata Motors about to unveil a low-cost, very small car, automakers from Europe and the U.S. are poised to jump into the market
Fawad Chaudhary, Pakistan's Minister for Science and Technology, had alleged that India was pressuring Sri Lankan players not to tour Pakistan. He had tweeted that Indian "sports authorities" were resorting to cheap tactics.
"It surprised us that such a cheap, easily available product, such an old-fashioned product, can have benefits to the patient and perhaps prolong the patient's life."
'In 2022, active management, long-short strategies, multi-asset strategies, and asset allocation strategies need to be considered to meet long-term investment goals.'
A total of 49 companies raised Rs 81,615 crore in Samvat 2077, more than the preceding four years and almost double the amount raised in the previous year. Samvat 2078 appears even more promising with mega issues of Paytm and Life Insurance Corporation (LIC) of India. However, Paytm's record could be short-lived as state-owned LIC is planning to launch a Rs 1-trillion IPO by March 2022.
Soon after her comments on love-jihad, netizens dug out her old tweets in which she allegedly made controversial remarks against women and politicians.
The prime minister also stressed on the need to transform the landscape of Indian science, technology and innovation, as he assured that the government will ensure the 'Ease of doing Science' and effectively using information technology to reduce red tape.
The India series starts on August 4. Vaughan reckons England must get better at playing the "long game" on good wickets.
Hurdles ranging from erratic taxes throttling special export zones to a cash crunch and clogged ports are killing exports.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
High-level intelligence collection will no longer be the preserve of government agencies alone, says Pranjal Sharma.
The girl from the north east who now walks for the best names in international fashion today was content wearing hand-me-downs from cousins those days.
Ordering groceries, vegetables and daily essentials is just a WhatsApp away as billionaire Mukesh Ambani's e-commerce platform JioMart taps into the popular messaging app to scale up online business in its fight for dominance in the giant Indian retail market with Amazon and Walmart-owned Flipkart. Ambani's twin children, Akash and Isha gave a preview of the ordering at Meta's second edition of the Fuel for India event on Wednesday. A new 'tap and chat' option allows users to order groceries through WhatsApp.
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