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Last resort: Indians in distress are selling gold & third wave could only make it worse -Swansy Afonso

-ThePrint.in The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold. Mumbai: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he...

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Rising prices are singeing Covid-battered India, Madame Finance Minister

-The New Indian Express An analysis by The New Indian Express shows that it is not just petrol and diesel prices that are scalding you. Prices of edible oil, tea, and pulses have seen a double-digit growth in the last year. When the April 2021 retail inflation came down to a modest 4.29%, an attempt might have been made to communicate a false sense of relief. The real picture, though, is very...

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Kerala, now a surplus medical oxygen producer, gauged requirement in March last year itself -Rajesh Abraham

-The New Indian Express The state produces 204.75 tonnes per day of medical oxygen. Out of this, 35 tonnes per day is used for Covid case and another 45 tonnes per day by non-Covid care units. KOCHI: On Sunday, Goa Health Minister Vishwajit Rane took to Twitter to thank his Kerala counterpart KK Shailaja. "I extend my gratitude to (Smt.) @shailajateacher (Madam, Hon) Health Minister of Kerala for helping us with the...

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Assembly Elections 2021: Cash, other freebies seizures top ₹1,000 crore

-The Hindu Tamil Nadu tops with inducements worth ₹446.28 crore recovered. The Election Commission on Friday said it had seized cash, liquor, drugs, precious Metals and other freebies worth ₹1,001.43 crore meant for distribution to voters in the ongoing Assembly elections. “Seizures crossed ₹1,000 crore for the first time in any Assembly electoral process,” the EC said in a statement. Of the total seizures as on Thursday in Assam, Puducherry, Tamil Nadu, Kerala, West...

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The limits to India’s privatization push -Arjun Srinivas

-Livemint.com * Privatizing more PSUs is once again the flavour of the season. But data reveals govt is ignoring some hard truths * There are only a handful of sectors where a disproportionate market share and the nature of business gives government firms a case to command a premium About 10 days after the central government iterated on the floor of Parliament its resolve to privatize businesses owned by it on a scale...

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