From the Editor's Desk Oil is at around $35 a barrel now, the lowest in more than 7 years. It is more of a supply issue than a demand problem. OPEC is in discord, unable to agree on reducing output. Saudi Arabia doesn't want to end up being the only country cutting output, thus benefiting the competition. Saudi also seems to be playing a dangerous game with Iran, where it wants to ensure Iran suffers economically, by keeping oil prices low. Iran is scheduled to add supply early next year, since sanctions have been lifted. Russia (non-OPEC) keeps adding supply, so does the US. Demand from China and Europe have also dropped due to slower economic growth. The countries being hit the hardest are smaller exporters like Nigeria and Venezuela. India is a beneficiary, as we import more than 70% of our energy needs. As of now, the government is using the bonanza in savings to fund the fiscal deficit, only passing on a small proportion of the cost cut to end consumers. It is also a good time for India to beef up its strategic reserves, an essential component of its energy security policy (India has less than a month of supply, the US has more than 90 days and China is somewhere in between) - Comment
Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money!
Mumbai Angels backs online events planner BookEventz BookEventz, previously called UrbanRestro, a one-stop platform for event planning requirements, has raised an undisclosed amount from angel investors led by Mumbai Angels.
Financial products marketplace Bestdealfinance re-brands itself as Rubique Bestdealfinance.com, an online marketplace for financial products for individuals and SMEs, has rebranded itself as Rubique. The company had recently secured $3 million (Rs 20 crore) in a Series A funding round led by Kalaari Capital. YourNest Angel Fund, Globvestor and Dexter Angel Circle also put money in the round. The new capital was used to strengthen technology infrastructure, build a team and enhance its customer support function.
China to give whole nation 4G coverage by 2018 The Chinese ministry of industry and information technology (MIIT) in its action plan said that it aims to take 4G LTE coverage in China to all urban and rural areas by 2018. Main 4G telecoms in the country are China Mobile, China Unicom and China Telecom. The country also plans to install fiber optics in more
New Delhi Tops List Of Asia's Top Cities For Shopping: Survey New Delhi has topped the list of Asia's top cities for shopping, offering a treasure trove of goods through its blend of charming traditional markets and glitzy shopping malls, according to a new survey.
Toshiba to cut up to 7000 jobs: Nikkei Tokyo, Dec 15 (IANS) Japanese tech giant Toshiba is considering cutting down around 7,000 jobs, especially in its consumer electronics division, and also unload stakes in two of its subsidiaries to sort out its accounts. The most affected division will be...
India Government Mint (IGM) is hiring! Apply online India Government Mint (IGM), Mumbai has invited applications for recruitment to the posts of Assistant Assay Superintendent, Supervisor (Technical), Junior Hindi Translator, Secretarial Assistant and Laboratory Assistant.
Creating Jobs In A Changing World: Why India Cannot Follow in China's Footsteps India envies China, which, by growing a huge manufacturing industry -- employing hundreds of millions of persons making almost everything from low-end toys to high-speed trains -- has lifted hundreds of millions of people out of poverty, much faster than India has. Prime Minister Modi's government has launched several programs for India to catch up: Make in India, Stand Up Start Up India and Skills India. However, India will have to follow a very different strategy to China's.
Why India should go for impactful inclusion to exclude less By Tara Thiagarajan If we want to see income growth in the country’s middle classes, shouldn’t we simply provide loans to all of our freshly minted college grads to start businesses? The reasons for that...
FM seeks Cong support to GST, says India can have 9% growth; RJD supports GST Contending that India has an opportunity to touch 9% growth, Finance Minister Arun Jaitley on Tuesday made a fresh bid to end the deadlock on GST bill as he reached out to Congress, asking it to think about the “legacy” it would be leaving behind by opposing it.
7 Best Indian Brand Campaigns Of 2015 With Bolder Themes : Report Indian brands are exploring social issues with bolder themes in 2015. Apparently, it’s working for them to connect with the new age millennial who likes brands that have a bold voice on social issu…
BARC looking to measure viewership of online videos : Our take on challenges This is interesting: The Broadcast Audience Research Council (BARC) India is looking to expand its mandate to audience measurement in the digital space. The entity, which does audience measurement on TV, has issued a "Request for Information" with the intent of monitoring audience acro
Master of the flip-flop: Kejriwal’s shrill opposition to CBI raid is hypocrisy at its worst Behind the smokescreen of contrived anger and indignation, Delhi chief minister Arvind Kejriwal has been ignoring the fact that he had welcomed the abrogation of the 'single directive system', which made it mandatory for the CBI to seek prior approval of the government before investigating any official at the level of joint secretary and above.
No comments:
Post a Comment