-ThePrint.in New Delhi: India has issued a global urea tender asking producers to quote a discount for the supply of 600,000 tonnes of urea, industry sources said and a document shows, as the nation seeks to cut import costs and secure cheaper supplies of the soil nutrient. India, where soil nutrients are sold at below market rates, annually imports urea through tenders by authorised companies such as India Potash Ltd, Rashtriya Chemicals...
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Number Theory: Four key questions that will matter for the economy in 2023 -Pavitra Kanagaraj and Abhishek Jha
-Hindustan Times As the New Year begins amid renewed hope, what will 2023 hold for the economy — both Indian and global? As the New Year begins amid renewed hope, what will 2023 hold for the economy — both Indian and global? Here are four questions whose answers hold the key. Will the war in Europe end? Russia’s invasion of Ukraine in February 2022, the sweeping western sanctions against Moscow, and the supply chain...
More »Retail sales top pre-Covid levels in November by 15% led by footwear, jewellery -Meenakshi Verma Ambwani
-The Hindu Business Line Retailers’ Association of India pointed out that the impact of inflationary challenges on the discretionary segment was visible Retailers posted a 15 per cent growth in sales in November over pre-pandemic levels. According to the latest edition of Retail Business Survey released by the Retailers’ Association of India (RAI), this growth was led by segments such as footwear, sports goods and jewellery. The industry body, however, pointed out...
More »The great gamble on the Russian oil price cap -Prashanth Perumal
-The Hindu The West’s attempt to cut Russia’s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that...
More »Is there a compelling reason for environmental release of GM Mustard, SC asks Centre
-The Tribune Centre says the opposition by activists, experts and scientists to GM crops was ‘ideological’ rather than based on scientific rationale New Delhi: As activists express concern over possible environmental contamination due to genetically modified (GM) crops, the Supreme Court on Thursday sought to know from the Centre if there was any compelling reason for the environmental release of GM Mustard. “What we want to know is whether in Indian conditions is...
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