Talk Right India

The announcement of 20 Lakh Crore Package included detailed expenditure on different fields. Some of the main points of the announcement related to the Economic Package are; MSME (Small and Medium Enterprises) Rs. 3 Lakh crore for giving loan without guarantee to small businesses. 20,000 crore to promote those enterprises which are not performing up to the mark. Reform: No foreign investments in tenders till 200 crore Reform: Increased investment limit from 1 Crore to 5 Crore. Salaried Employees TDS reduced 25%. PF Contribution reduced to 10%. Farmers Reform: Allowing farmers to horde some vegetables crops like potato and onion to sell at better price. A Central law will be formulated to provide adequate choices to sell at attractive prices. RS.1 Lakh crore to improve the agriculture infrastructure. Rs.10,000 Crore to improve micro food enterprises. Rs.20,000 Crore to provide insurance to fishermen under PM Sampada Yojna. Other Fields Welcomed privatization in Coal Sector, Aviation, Sp...

Recently, there is a growing hatred for Indians (particularly Hindus) in Middle-East Asia, as many fake social media posts are being circulated to inflame their people and Government to take verbal and physical actions against India (and Indians). One of the most direct way via which Middle East countries can hit India is to cut resources (oil and Natural Gas Supply) to India. This post focuses on the aftermaths if such a scenario takes place. At the present moment India (which imports 84% of its oil from Middle Eastern Countries majorly from Saudi Arabia and Iraq) and China are largest importers of crude oil in the world, hence the largest oil trading partners of Middle Eastern bloc. If the Middle East Countries take such a strong action, then India would have the following choices; India might cancel major trade agreements, RIL Aramco deal and MOU’s. The loss to Saudi will be industrial equivalent to adding insult to injury. Billions of dollars wavering at brink of loss ...

"Suddenly, because people expected a barrel to trade at $3 and not minus $37.63, and deliberately because the world is still making sense of the virus unleashed by China that throws a new surprise with every new day." What is WTI? WTI resembles a trading benchmark price for crude oil.    A benchmark crude serves as a reference price for buyers and sellers of crude oil across the world. While Western Texas Intermediate (WTI), the one trading in the negative, happens to be one, the other two are Brent Blend and Dubai Crude. What is the reason, in short, for the declining oil prices? In an ideal scenario, there are buyers and sellers, but recently, the sellers outnumbered the buyers. Therefore, the oil that was selling at $17 in the first hour eventually went into negative till the end of the day. There are primarily three (3) reasons behind this; 1. F irst, the lockdown, that dented the demand for crude for refining. 2. The price war between Russia...