-NetworkIdeas.org Before joining the neo-liberal order, India used to have “rupee payment arrangements” with the Soviet Union and Eastern European socialist countries under which the main international reserve currency, the US dollar, was used neither for settling transactions nor even as the unit of account in terms of which the trade-related transactions were denominated. The dollar in short was used neither as the means of circulation, nor even as the unit...
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How the Crude Oil Price Spike Will Upend India's Fiscal Balancing Act -Kaushal Shroff
-TheWire.in India will have to brace itself for an inflationary shock that will only serve to bludgeon a COVID-ravaged economy. Russia’s offensive refuses to pause. Since February 24, a little over 2.3 million Ukrainians have fled seeking a safe haven while the Russian army is upping the stakes and making the war exponentially dirtier by attacking civilian enclaves, non-military infrastructure and even hospitals. On March 10, Russia retaliated to the banking, business and...
More »India used more coal power in 2021 than 2020, which could delay its climate goals: IEA -Rohini Krishnamurthy
-Down to Earth China and India might be some of the countries where the green transition may also be slowed down because Russia would shift their energy Exports to them, experts say India used 13 per cent more coal to generate electricity in 2021 than the previous year, given the COVID-19 pandemic, according to a recent analysis from the International Energy Agency (IEA). This figure is going to increase in the future,...
More »As wheat prices soar, India could become Asia’s ‘food bowl’ -Subramani Ra Mancombu
-The Hindu Business Line APEDA in touch with countries, Exporters to ship out requirements, says its chairman With wheat prices soaring to a record high of $13.50 a bushel (nearly $500 a tonne) on the Chicago Board of Trade on Friday, India is reaching out to Exporters and countries that are looking for wheat supplies. In addition, it is also looking to supply other agricultural commodities such as corn (maize) and rice, which...
More »Cooking oil prices spike in India due to Russia-Ukraine crisis -B Krishna Mohan
-TelanganaToday.com Hyderabad: Prices of cooking oil are on an upwards spiral and have gained up to Rs 25 more per litre. The trade segments attribute the increase in prices to the tightening supplies of sunflower and safflower oils, both called as sun oils, to the Russia-Ukraine war. Also, palm oil imports are getting costlier due to the internal trade restrictions of Indonesia, the biggest producer of palm oil. On the other hand,...
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