Oil Price risk on Budget 2022

Morning Masala Tea
31 January, 2022

News Today:

Omicron variant offshoot BA.2 drive India’s third Covid-19 wave 

Did the even faster-spreading Omicron variant offshoot BA.2 drive India’s third Covid-19 wave? Data from the global genome sequence repository GISAID seems to suggest so, at least for several states from where genotyping data has been more consistently shared.BA.2 is one of the offshoots of the Omicron variant and has recently been seen displacing its predecessor, the BA.1. The Omicron variant’s earliest lineages B.1.1.529 and BA.1 itself have been significantly more transmissible, having displaced the Delta variant from most parts of the world.. HT

Increase capital expenditure from the last year’s budgeted nearly 5.6 lakh crore

The Economic Survey to be presented in Parliament on Monday may ask the government to significantly increase capital expenditure from the last year’s budgeted nearly 5.6 lakh crore to help generate demand, employment and, attract more private investment for sustained growth in the economy bruised by three waves of Covid-19 pandemic. Deccan Herald

Oil Price risk on Budget

The dependence on overseas supplies in a high-priced oil market leaves India vulnerable to higher inflation and a weaker rupee. The crude import bill is expected at a record $111 billion this fiscal, which will worsen the current account deficit. The budget for the current fiscal had assumed oil prices will hover around the $65-per-barrel mark. Telegraph

Cyber security researchers found evidence of Pegasus on phones

At least two cyber-security researchers, who have deposed before the Supreme Court-appointed committee that’s probing the use of Pegasus for allegedly spying on citizens, have told the panel that they found concrete evidence of use of the malware on the devices of the petitioners. These cyber-security researchers were engaged by some of the petitioners to depose before the top court panel and provide details of the forensic analysis done by them. Indian Express

Auditor for EPFO’s professional fund managers

Nearly seven years after starting to deploy a part of its corpus in the stock market through professional fund managers, the Employees’ Provident Fund Organisation (EPFO) has now decided to appoint an independent auditor to keep an eye on their investment transactions and report any deviations.. Hindu


Google Trends Today

Justin Trudeau and his family shifted to secret location

Canadian Prime Minister Justin Trudeau and his family have left their home in the country’s capital and shifted to a secret location after a large-scale protest opposing Covid-19 vaccine mandates converged on Parliament Hill.


Google Trends

Twitter Trends 

  1. Toyota is heading to the moon with robotic arms and cruiser
  2. Water flowed on Mars about a billion years longer than previously thought
  3. Could these scientists bring the woolly mammoth back to life?
  4. #AusOpen , #RafaelNadal


Compiled from Twitter

24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches