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Russia-Ukraine crisis: India economy to be among worst hit in Asia: Nomura -Puneet Wadhwa

-Business Standard A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said The ongoing geopolitical crisis between Russia and Ukraine will impact Asian economies, but the impact will be polarized across the region, said analysts at Nomura in a recent report. The negative impact on Asia, they believe, is predominantly...

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Crude oil not the only problem, more than 80% of India’s sunflower oil imports are from Ukraine -Samrat Sharma

-IndiaToday.in Russia-Ukraine war news updates: The attack on Ukraine has jolted the oil market around the world as well as in India. The dark clouds over edible oil imports in India have come at a time when the retail prices of edible oil are already plateauing. Russia’s invasion of Ukraine has jolted the crude oil market around the world and that is poised to raise petrol and diesel prices in India as...

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Priyanka Gandhi: A bag of free ration doesn’t empower poor -Sanjay K Jha

-The Telegraph The Congress national general secretary spoke on women’s empowerment in the state where seven-phase elections are being held Priyanka Gandhi Vadra on Friday said distributing doles does not empower the poor, accusing some political parties of deliberately weakening the masses to ensure they are not in a position to question governments. Addressing a virtual rally meant for Uttar Pradesh, the Congress leader said: “A (cooking gas) cylinder doesn’t empower women. A...

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Retail Inflation at 6.01% in January, Hits 7-Month High -Aparna Deb

-News18.com The RBI has been mandated by the government to keep retail inflation at 4 per cent with a margin of 2 per cent on either side  India’s retail inflation increased to 6.01 per cent in the month of January, driven by higher consumer goods and telecom prices along with a comparatively low rate a year ago, data released by the Ministry of Statistics and Programme Implementation on Monday indicated. Inflation, as...

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Demand for lower cotton prices is not justified -A Narayanamoorthy

-The Hindu Business Line The textile industry’s vociferous demands will hit cotton farmers, who are facing the brunt of rising costs The recent rise in the price of cotton yarn seems to have hit the textile manufacturers hard, so, a large section of participants involved in value chain products of cotton has called on the government to take measures to arrest the price rise. While demanding higher taxes on cotton exports, they have...

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