Shaken by the national shortage of edible oils and protests over it in the run-up to Eid, Indonesia has halted the export of palm oil, the mainstay of its economy. Its repercussions will soon be felt in India, which imports nearly half of its palm oil. The prices of edible oils will be in turmoil. And combined with a rising fertilizer subsidy bill, soaring fuel prices and a shortage of coal, it could widen the country’s current account deficit. India Inc is also facing the heat. Rising commodity prices and supply chain disruption are increasingly eating away at its profit margin. In an interview with Trade standard‘s Arup Roychoudhury, Chairman of CII and Global CEO and Managing Director of Tata Steel, TV Narendran, explains why he thinks this won’t derail long-term growth. Meanwhile, contact-sensitive sectors like the hotel and airline industry and cinemas have been experiencing an impressive turnaround for some time as the economy emerged from Covid-19-induced lockdowns.
But the recent rise in cases across the country has the industry once again worried. After the markets, let’s turn to personal finance. It is often said that your scores are a reflection of your abilities. And you just can’t outrun them. While the college scorecard sort of helps you land a job, there’s another score that helps you later — overcome financial challenges. So when you go to a lender for a loan or a credit card, the lender looks to your credit score to learn more about your credit history. Dive into credit score details and more in this episode of the podcast.
Watch the video