Banks’ WORST show in 14 quarters

Banks’ core operating profit was down 25 per cent YoY in Q2. Banks continue to face heat from a slowdown in credit growth and a decline in yields on loans due to low interest rates. The listed banks’ gross interest income shrank for a second consecutive quarter in Q2FY22 while their core earnings, or pre-provisioning profit, were down 1.5 per […]

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Need to pay remunerative price for farm produce: India Inc

‘We need to encourage the next generation of farmers to continue in farming’ Leaders of India Inc, who had come out in support of the farm laws last year, have said the sector needs reforms to improve farmers’ incomes. The government’s decision to form a committee to address concerns would go a long way towards identifying the actual pain points […]

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Stelter: Media has made America more difficult to govern

(CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Friday’s satirical headline by The Onion said it best: “Nation Nearly Strings Together 3 Good Days In Row.” The blessing of Thanksgiving on Thursday was followed by a curse on Friday: Urgent news about the new Covid variant named […]

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China could double down on its zero-Covid approach amid concerns about omicron, analysts say

"The spread of highly transmissible variants may ultimately make the strategy untenable. But in the short-term, the authorities are more likely to double down," said Mark Williams, chief Asia economist at Capital Economics, To be sure, the WHO has said it remains unclear whether the omicron Covid variant causes more severe disease than other strains, such as delta. China has […]

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The Most Dangerous Volcanoes in the United States

Volcanic eruptions don’t occur only in faraway lands. The U.S. is dotted with active volcanoes poised to erupt at any minute. The U.S. Geological Survey points out there are 1,350 potentially active volcanoes worldwide, of which 500 have a recorded history of erupting, sending off rivers of lava and plumes of noxious gas. (These are the most dangerous volcanoes on […]

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