Day: March 9, 2020

Oil Drops 31% in Worst Loss Since Gulf War as Price Fight Erupts

(Bloomberg) — Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.

Brent futures suffered the second-largest decline on record in the opening seconds of trading in Asia, behind only the plunge during the Gulf War in 1991. As the global oil benchmark plummeted to as low as $31.02 a barrel, Goldman Sachs Group Inc. warned prices could drop to near $20 a barrel.

The cataclysmic collapse will resonate through the energy industry, from giants like Exxon

SDGs & The Budget: Can Budget help achieve SDG goals?

The NITIAayog’s SDG India Index 2.0 will serve as a facilitative rubric to bring transparency, accountability and urgency for judicious utilisation of national resources.

THE NITI AAYOG released the second version of the SDG India Index and Dashboard on December 20, 2019. India, as a signatory to adoption of UN’s 17 Sustainable Development Goals, is under obligation
to streamline development policies for a time-bound (by 2030) achievement of human well-being. The 17 goals and 169 related targets weave around five pillars— People (first six goals), Prosperity (next five), Planet (following four goals), Peace (goal 16) and Partnership (goal 17). Achieving

Indus OS: A platform for apps in Indian languages

Rakesh Deshmukh, co-founder and CEO, Indus OS

By Srinath Srinivasan

It’s not alwayS usual for large original equipment manufacturers (OEMs) to partner with homegrown companies to provide localised services. Samsung, one of the biggest consumer electronics companies in the world, has been on it and one such company that it has partnered with is Indus OS for the latter’s app platform App Bazaar. This is important because this homegrown company powers Samsung’s Galaxy App Store with over 400,000 applications.

“When we started in 2013, we thought since only 10% of Indians speak and write in English, we should create a