The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
Saudi Aramco has invested $15 billion in the Reliance Oil Refinery for a 20% stake in the company.
Saudi Aramco on Monday said it agreed to acquire a 20% stake in Reliance Industries’ refining and petrochemicals business, valued at $75 billion.
The $15 billion deal between the world’s largest oil producer and Mukesh Ambani, Asia’s richest man as well as Reliance’s chairman and largest shareholder, gives it a stake in the Jamnagar Refinery in India, which can process an unmatched 1.2 million barrels of crude oil per day. (source)
What was the need at this time for Mukesh Ambani to part 20% equity stake in Reliance Industries crowning jewel? Given the tensions between India and Pakistan and the ways Pakistan behaves, it is imperative that Ambanis insured their business against any aggression from Pakistan. Now, with Saudi interest in Reliance’s Jamnagar plant, Pakistan or its terrorists cannot really do anything there. Listen to a very informative discussion on this deal and its geopolitical ramifications.
The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
This visit of India left me with many questions. Many observations and inputs from different people and sections. Food for thought that I have tried to contemplate on and make sense of. Sharing all that with you.
When you analyze the last 60 years of the economic miracles of Singapore, South Korea and Malaysia versus the continued impoverished Indian economy, you get very interesting lessons. Can Indians have the wherewithal in them to do in one generation so that the coming generations may rise?
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