Govindraj Ethiraj retweetledi
For years, the benefit of lower crude prices has not been passed on to the average Indian. Now, retail prices have risen.
(Chart from our friends at @the_core_in)
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Govindraj Ethiraj
21.9K posts
Govindraj Ethiraj
@govindethiraj
Journalist, founder: The Core, IndiaSpend, BOOM, Bloomberg TV India. Earlier: CNBC-TV18, Economic Times. Fellow, The Aspen Institute. Podcast: The Core Report
India Katılım Mayıs 2009
2K Takip Edilen26.9K Takipçiler
Why cash in circulation has risen 11% to record Rs 40 lakh crore.
Though has dipped as %age of GDP in recent years to just over 11% now
DeshGujarat@DeshGujarat
Watch | A singer was nearly buried under a shower of currency notes during a Dayro event in Gujarat. The video is from last night’s performance at a Shrimad Bhagwat Saptah in Khambhaliya, Dwarka district. Organisers announced that after covering the event’s operational expenses, all remaining funds and donations received will be handed over to Ahir Charitable Trust for construction of Gujarat Ahir Kanya Chhatralaya (Ahir Girls Hostel) and educational complex in Ahmedabad.
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Govindraj Ethiraj retweetledi
Your health insurance premium is rising faster than your salary, but when it comes to claim settlements, you’re still anxious. That’s the reality many Indians are living with today. @gulbahaara unpacks the “ugly reality” behind India’s massive health insurance industry. 🎙️
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Govindraj Ethiraj retweetledi
Retail prices of petrol, diesel, and CNG have gone up, ending the freeze that had been in place since April 2022. Check how much fuel costs in your city on The Core Energy Tracker: energy.thecore.in
The hike comes after losses at oil companies climbed to nearly Rs 2,150 crore a day, as the government chose not to fully pass on the impact of the war-triggered global energy shock to consumers.
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Reena Kumari, 30, living in the Coolie Camp of Vasant Vihar, was cooking on a chulha in the bright afternoon sun.
The family does not have a gas connection, and earlier got the 5-kg cylinder refilled, but now shops have stopped refilling them.
“Even where gas is available, it’s costing Rs 400 for one kg. I cannot afford it.
“I have two small children who get very distressed by the smoke and start crying. But I have to cook; I won't let the children starve.”
indiaspend.com/n-985446?utm_s… via @IndiaSpend
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The first of the petrol, diesel price hikes (up Rs 3 per litre each) has been announced.
Quite likely there will be more.
Under recovery as at Rs 100 per litre for diesel and Rs 20 per litre for petrol, now slightly reduced.
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Foreign portfolio investments (FPI) into India have now been flat/no net inflows going back to 2018 or 8 years now.
This is the also the time - April 2018 - when capital gains tax was first brought in on FPIs.
This is not to suggest tax is the only reason for FPI outflows at the rate we are seeing.
via @arrychary
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Govindraj Ethiraj retweetledi
Over the last 18–24 months, foreign investors have withdrawn nearly $50 billion from the Indian market. In fact, since 2018, there have been almost no net FPI inflows. While the lack of an AI story is one factor, the bigger issue is India’s declining growth premium, @arrychary tells @govindethiraj.
Both nominal GDP growth and nominal earnings growth have reduced, he adds. Listen in!
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Is why angel investments climate has got tougher + other onerous norms..
Investors don't have the time or inclination for this, nor did they sign up for any further paperwork in investee companies, particularly of operational nature.
They are not directors on the board.
Sumedh Bhagwat@sumedhbhagwat96
??? More than 10 would at max can be only 10 They can easily do it I don't get outrage here
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@NikhilVadia Yes, RBI guidelines..changed from 2023 as I understand..
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@govindethiraj Almost all banks are asking. HSBC, citi, icici, hdfc, axis, stanc c, everyone
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Govindraj Ethiraj retweetledi
Leading private bank just asked for KYC of all shareholders holding more than 10% in company to open an account, apart from full time directors which should have sufficed..quoting RBI norms, which earlier stipulated 25% btw.
Shareholders are NRIs living in another country.
Whether here or not, why would they share their KYC details for an investee company's bank account ? And they have several such angel investments..
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@jaganmsna Not of bank, of startup wanting to open account in bank..angel investment
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@govindethiraj Leading bank/ shareholder owning more than 10% of bank - we mayb talking of maximum half dozen such individuals at max ? Or are we talking about LLP/beneficiary etc ?
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Govindraj Ethiraj retweetledi
Story of the day: Hike menu prices and risk losing customers, or absorb the shock: India’s small and affordable food businesses are struggling with tight margins, especially after LPG cylinder prices crossed the Rs 3,000 mark following a 50% hike due to the West Asia crisis.
But it’s not just energy prices. Fuel, logistics, and input costs have also risen. @KatyaNaidu reports on the crisis and how business owners are managing it.
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Govindraj Ethiraj retweetledi
The West Asia crisis has triggered the worst energy shock for the global economy in recent times. Will this lower oil demand in import-dependent countries like India? No, says energy analyst @NeilAtkinson58.
"Oil demand will continue to grow globally for the next 25 years or so. But yes, the pace of that growth will be slower than we are used to," he tells @govindethiraj. Listen in!
[From today's episode of The Core Report podcast]
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Govindraj Ethiraj retweetledi
India, as a high-importing country, has been severely affected by the disruption to the Gulf supply. This is largely because OMCs have to pay significantly more per barrel, at times over $150, as they diversify their sources.
@NeilAtkinson58, Senior Fellow at The National Center for Energy Analytics (@EnergyRealities), explains why in a conversation with @govindethiraj on The Core Report.
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Govindraj Ethiraj retweetledi
🚨 Releasing today at 5 pm 🚨 Despite being the world’s fastest-growing major economy, India's labour productivity remains weak. Is the growth story hiding a deeper crisis? Economists @econarjun and @amitbasole, authors of the CSIE working paper India's Labour Productivity Puzzle, join @pujamehra to unpack this.
Stay tuned to How India's Economy Works podcast. Available on all major streaming platforms.
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Govindraj Ethiraj retweetledi
Parveena Khatun, who runs a tea stall in Delhi’s Munirka, has burn marks on her hands. She'd never used a chulha before. When cooking gas ran out, she had no choice. The smoke and the heat leave her feeling dizzy, restless. @ShivamHuman1 reports: indiaspend.com/governance/in-…
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