Commentary
Add as a preferred source on GoogleIndia's policy of subsidising diesel, which (as was also pointed out by IMF) not only subsidised the rich rather than the poor but also took away the focus from conservation of a scare natural resource, has resulted in r…
India's policy of subsidising diesel, which (as was also pointed out by IMF) not only subsidised the rich rather than the poor but also took away the focus from conservation of a scare natural resource, has resulted in rising consumption of diesel.
In India, while petrol prices remained market determined, diesel (till it's very recent deregulation) was heavily subsidized. Hence, diesel demand remained high and whenever its prices fell as a proportion of petrol prices, demand rose even higher.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
