August ’19

Week 2 Week 3 Week 4 Week 5
Klips for 1st Aug

National 🇮🇳 | Amend law if needed but regulate Ola and Uber: SC to Centre
– The matter relates to a petition related to women safety
– The petition was filed in the aftermath of the 2012 Delhi gangrape
Livemint: http://bit.ly/2LTPfQi

Fixed charges reduced but energy rates increased in Delhi
– The changes were made by the DERC whereby fixed charges for 5kW to 15kW were brought down to ₹100 from ₹175
– However energy charges were increased for households consuming more than 1200 units as also other categories
Delhi: http://bit.ly/314NUtm

Economy & Business 💰 | US Fed cuts rate 25bps, rules out long series of cuts
– The cut was termed as a ‘mid-cycle adjustment to policy’
– The US dollar rose to its highest since May 17, with Asian markets likely to open lower
– This is the first rate cut since 2008
Reuters: https://reut.rs/2Ywio5J

Sensex, Nifty log worst July in 17 years
– The BSE Small and Mid-Cap indices were down 7.87% and 10.87% respectively
– The Sensex has lost 4.86% and Nifty 5.69% in July
Livemint: http://bit.ly/31dbNiB

Sport ⚽️ | Ashes series underway in England, Aus look to end 19yr drought

E-sport: 16yr old Fortnite champion wins $3mn
– Kyles Giersdorf won the solo competition at the Arthur Ashe Arena, which also hosts the US Open
– The winning amount is more than what Djokovic won recently at Wimbledon
BBC: https://bbc.in/318NiDe

Opinion: Beyond Talaq – On Muslim divorce bill
– The article articulates all the valid reasons for questioning the need for a ‘law’
Hindu: http://bit.ly/2LUzw3e

🗣Interesting: Chernobyl lessons unlearned – Russia hides another nuclear leak
Print: http://bit.ly/2LVdn50

🗣Interesting: How will changes in the law affect companies’ CSR?
– Unspent amounts (post 3yrs) will go into the PM Relief Fund
Livemint: http://bit.ly/316ftT1


Klips for 2nd Aug

World 🌎 | Trump escalates trade war with China
– Says will impose 10% tariffs on an additional list of goods including mobiles, laptops etc
– The value of these goods is about $300bn
– Markets tumbled and oil fell 8%, its biggest drop in 4 years
Bloomberg: https://bloom.bg/2YCBzir

National 🇮🇳 | 25000 additional troops deployed in J&K
– Many personnel were relieved of Amarnath Yatra duty
– The Governor said: ‘all was normal’
Hindu: http://bit.ly/2SZ2IXE

SC moves Unnao rape accused case to Delhi
– The move was to ‘allay gears that he could influence the outcome’ in UP
– BJP also expelled Kuldeep Sengar yesterday
Reuters: https://reut.rs/2ZmF5Lb

Ahead of elections, Kejriwal announces free electricity upto 200 units
– A 50% subsidy is given upto 400 units
– The rate for 200 units is ₹1400 in Mumbai and ₹3300 for 400 units
– Kejriwal said the subsidy was already being provided and has been readjusted after reduction in fixed costs
Hindu: http://bit.ly/2YvXBU8

Economy & Business 💰 | Autos: Worst sales in 2 decades in July
– Sales of top 5 manufacturers fell 31% from last year
– Maruti reported a fall of 37% in sales
Livemint: http://bit.ly/2T16csx

GST collections grow 5.8% in July to ₹1.02trillion
– The central govt will have to compensate state govts as this is below the agreed 14% annual growth rate
Livemint: http://bit.ly/2SZGLIb

Airtel posts first quarterly loss in 14 yrs
– The operator reported a loss of ₹2866cr, on account of a one time loss
– Avg monthly data usage was 12GB compared to 7.8GB last year
– Its ARPU rose to ₹129 from ₹123, largely due to reduced subscribers
Livemint: http://bit.ly/2YCDvrd

Interesting: Hope floats – RTI activists march upto President’s house to deliver petition
– The petition is against the RTI Amendments Bill and has 2L signatures including 1.27L online signatures via Change.org
Hindu: http://bit.ly/2YyOy4F

🗣Interesting: Despite Coffee Day’s popularity and scale, why does it make so little money?
Scroll: http://bit.ly/2SZ5P1F


Klips for 3rd Aug

World 🌎 | Thousands of civil servants join protest rally in HK
– The civil servants urged authorities to ‘rebuild confidence in the govt’
– A wave of protests are planned this weekend with a mass strike on Monday across sectors
https://reut.rs/338zjiw

National 🇮🇳 | Tourists, pilgrims told to ‘curtail stay in J&K’
Hindu: http://bit.ly/2GFLbi7

Rajya Sabha passes UAPA bill
– The bill was passed with a 142-40 majority, with Congress and BSP supporting it
Hindu: http://bit.ly/2GHSOVy
#UAPA: Unlawful Activities (Prevention) Amendment

Ayodhya case hearings to begin on Aug 6 in SC
– The appointed mediation panel was not able to reach an amicable solution
– The SC will hold hearings on a day-to-day basis
Reuters: https://reut.rs/337hoZm

Economy & Business 💰 | FM to meet chiefs of banks to assess liquidity crisis
– As a first step ₹10000cr will be infused to ease liquidity for Housing Finance Cos.
– The scheme is called LIFT (sic)
Livemint: http://bit.ly/2T2Etb3
#LIFT: Liquidity Infusion Facility

Raiding RBI reserves shows govt ‘desperation’: Subbarao
– The ex-RBI governor said that risks undertaken by RBI are different and it would not be fair to ‘draw from international practices’
Livemint: http://bit.ly/2GKRdhL

Interesting: Maximum Mumbai – The pains of Mumbai’s infra projects
An excellent article that highlights the reasons for Mumbai’s daily struggles as several chaotic projects have been undertaken simultaneously. A must read if you’ve suffered in Mumbai’s traffic and locals
Hindu: http://bit.ly/2SZMf5E

🗣Why is the government ignoring all the alarm bells from the economy?
Scroll: http://bit.ly/2SZcVDm


Klips for 5th Aug

National 🇮🇳 | Complete lockdown in Kashmir, major political leaders under house arrest, mobile internet services suspended
– Section 144 was imposed from Sunday midnight
– A Cabinet meeting on Kashmir is set to take place this morning
Livemint: http://bit.ly/2GMc2cy

Heavy rains hit Mumbai again, schools & colleges closed
– Mumbai received 204mm of rainfall in 24hrs
– This also marked completion of normal rainfall for the entire June-Sept period
Hindu: http://bit.ly/2GMOJPR

Tech 📱 | Reliance to buy stake in Google-backed Indian startup Fynd
– The startup ‘connects brick and mortar stores to online consumers’
– RIL bought 87% stake at $42.3mn
Techcrunch: https://tcrn.ch/2YGT0ur

News discovery app Smartnews valued at $1.1bn
Techcrunch: https://tcrn.ch/2GLGR1c

🗣Opinion: Panic in Kashmir helps Modi deflect attention from sinking economy, even if fear is real
Print: http://bit.ly/2GMYNbt

🗣The charm of an Indian tiffin
‘The word comes from the Old English ‘tiffing,’ which means having a little drink or a sip’
Hindu: http://bit.ly/2GMsucJ


Klips for 6th Aug

National 🇮🇳 | Govt moves Jammu and Kashmir Reorganization Bill, RS passes it
– Once passed by Lok Sabha and the President, J&K’s special status will end
– The special status was granted in 1949 via Article 370
Reuters: https://reut.rs/2T8JSxx

Economy & Business 💰 | Dow plunges 850 pts on US – China trade war
– China allowed the Yuan to slip below 7 per dollar
– It also stopped buying US crops after the recent tariffs imposed by Trump
Livemint: http://bit.ly/2OFueLi

Rupee drops most in 6 years
– Tension in Kashmir and Yuan’s devaluation led to the rupee falling 1.13 to 70.73

Tech 📱 | Bezos sells Amazon stock worth $2.8bn
– Bezos is said to use the money for his rocket company, Blue Origin
Reuters: reut.rs/33f1WdS

GoWork raises $53 million from BlackRock, CLSA
– This represents Blackrock’s first investment in an Indian startup
– GoWork is a coworking space based in Gurgaon
Livemint: http://bit.ly/2M1Itbf

🗣️Opinion: India is creating its own West Bank
– A well written article on the significance of the govt’s manoeuvres on Article 370
BQ: http://bit.ly/2ZB7Pjn

🗣️Interesting: Ravish Kumar’s Magsaysay award victory
– Do read the citation, excellent articulation
Magsaysay Award Foundation: http://bit.ly/2Ki73SX


Klips for 7th Aug

National 🇮🇳 | Sushma Swaraj passes away
– She suffered a cardiac arrest and was 67

Parliament approves bill to bifurcate J&K
– There was a healthy debate where both for and against points were placed
– 370 votes were in favour of the overall bill
Read the debate and what leaders had to say: http://bit.ly/2GTFvRM

Economy & Business 💰 | BP to enter retail fuel market via RIL tie up
– BP will own 49% stake in the new JV
Reuters: https://reut.rs/2YOCVmf

Tech 📱 | Disney to bundle Hulu, ESPN+ and Disney+ for price of Netflix
– Hotstar is owned by Disney via its purchase of Star TV (though these plans aren’t expected for India soon)
Techcrunch: https://tcrn.ch/2YLCrx9
Sport ⚽️ |

Interesting: Reel ‘Article 370’: Producers race to register titles
– ‘Article 370, Article 370 Scrapped, Article 35A, Article 370 Abolished, Article 35A Scrapped, Kashmir Mein Tiranga, Kashmir Hamara Hai and 370 Article’ are in demand
Livemint: http://bit.ly/2GR1eKq

These Countries Are the Most at Risk From a Water Crisis
– India is 13th on the list (extremely high risk), with Middle Eastern & African countries dominating it
– India’s population is 3 times the population of the remaining 16 countries in the category
Bloomberg: https://bloom.bg/2YP1UG9

Opinion: The Bus to better transport
– And excellent and short article that drives home an important: Indian cities need buses and lots of them to tackle congestion. And more importantly an image makeover
Hindu: http://bit.ly/2YTclZu


Klips for 8th Aug

National 🇮🇳 | Floods kill 16 in Maharashtra, thousands displaced
– Heavy rains and overflowing rivers led to flooding in 5 districts
– Authorities moved more than 1.4L ppl to safer places
– Kolhapur received 24.5 inches of rainfall leading to severe flooding
Reuters: https://reut.rs/2KKY7F1

Economy & Business 💰 | RBI cuts interest rates by 35bps
– This is a departure from a norm it has followed (changes are generally done in multiples of 25bps)
Livemint: http://bit.ly/2YNXq2F

Auto sector witnesses massive job losses
– Around 40000-50000 workers have been retrenched in the Gurgaon Manesar belt itself
– 2 factories of Maruti and one each of Hero and Honda are housed in this belt
– The situation is similar in other auto manufacturing hubs such as Chakan and Chennai
Livemint: http://bit.ly/2GTqIH4

Pakistan suspends bilateral trade with India
– It also expelled the Indian High Commissioner
Reuters: https://reut.rs/2YQwwXJ

Tech 📱 | Samsung launches Galaxy Note 10, prices start at ₹67,300
Livemint: http://bit.ly/2YSwz5x

Opinion: Lyft Joins the Litter of Unicorn Disappointments
– Almost all the recent tech, unicorn startup listings are below their IPO prices
Bloomberg: https://bloom.bg/2GUun7d

🗣Opinion: Kashmir, the Incompleteness Theorem and the China Syndrome
– ‘If a government can produce re-interpretations of the Constitution that state that ‘cat’ now means ‘dog’, there is no telling where this will lead India.’
Scroll: http://bit.ly/2GS7j96


Klips for 9th Aug

National 🇮🇳 | Pak halts trains to India, bans Indian films
– Meanwhile, Kashmir continued to be remain under full communication blackout for a 4th consecutive day
Reuters: https://reut.rs/2M7PhEb

Economy & Business 💰 | Uber reports $5bn loss, weak revenue growth
– Its stock ended 6% down after-hours after having risen 8% before the results
– Of the $5bn losses, $3.9bn were for ‘stock-based compensation’
Reuters: https://reut.rs/2YEAVlC

Sensex, Nifty surge for 2nd day on reports of easing FPI investment rules
– The FM is meeting with investors to take a call on the proposed tax on FPI investments
Livemint: http://bit.ly/2MbVQp9

DHFL warns of possible debt repayment defaults
– The company said its repayments might be delayed in the near future
– DHFL had overall outstanding debt of ₹1 trillion as of Dec ‘18
Livemint: http://bit.ly/2KAJCU6

Tech 📱 | Facebook loses appeal over facial recognition tech, could face huge fines
– The matter relates to Facebook recognising people’s faces from which they need to explicitly opt out
– This was seen as a violation of Biometric and Data protection laws in Illinois, USA
Reuters: https://reut.rs/2KtIP76
#India has no such laws and FB continues to freely collect, tag and store such information

Sport ⚽️ | EPL transfer ends: Lakaku out and other deals
Reuters: https://reut.rs/2YRkQbo

Interesting: Nestle starts selling Starbucks-branded coffee in China
Reuters: https://reut.rs/2KBtkKu

🗣Opinion: RBI has done its bit to boost India’s economic growth, now the govt needs to do its share
– A look at what the govt can do (given constraints), the Laffer curve
Print: http://bit.ly/2KGatxQ


Klips for 10th Aug

National 🇮🇳 | Thousands protest in Kashmir despite restrictions
– It is reported that 10000 people were part of the protests and police resorted to tear gas shelling to dispel the protestors
– It is also reported that over 500 political leaders and separatists have been detained
– Communication lines continue to be shut
Reuters: https://reut.rs/2GYHeW0

J&K and Ladakh to become Union Territories from Oct 31
More details on RS, LS and legislature seats – Livemint: http://bit.ly/2H0DOSC

Andadhun wins award for best film in Hindi at 66th National Awards
– Gujarati film Hellaro was awarded the best film overall
Livemint: http://bit.ly/2YSywip

🗣NDTV’s Pranoy Roy detained at Mumbai airport
– Roy was travelling outside India and as per a statement by the media house was detained ‘on the basis of a fake corruption case by CBI’
Print: http://bit.ly/2GVxBYc

Economy & Business 💰 | SC upholds rights of homebuyers as financial creditors
– This enables an aggrieved homeowner to seek relief under 3 laws – RERA, Consumer Protection Act and IBC
Livemint: http://bit.ly/2H0u0In

Tech 📱 | Harmony: Huawei’s new operating system
– Huawei will continue to use Android for its phones, but will gradually roll out Harmony
– In order to attract developers, Huawei is willing to cut its fee to 10-15% (Apple charges 30%)

Opinion: Google’s Android, the Defensive Play That Started a Revolution
Bloomberg: https://bloom.bg/2GZwPJG

🗣Interesting: Lyft finally sees a path to profitability: raising prices
Quartz: http://bit.ly/2YT4P0E


Klips for 12th Aug

National 🇮🇳 | 100s chant anti-India slogans in Kashmir
– Some women were seen holding paper banners that read: ‘Modi, Kashmir is not your father’s property.’ & ‘Save Article 35A’
– Restrictions were reimposed following the protests and communications continue to be blocked for a 7th day
Reuters: https://reut.rs/2GYsiHG

Death toll in floods rises to 147, hundreds of thousands evacuated
– In Kerala alone 47 were killed with 165,000 were moved to relief camps
– Floods have now affected Kerala, Karnataka, Maharashtra, Assam, Gujarat and Bihar
Reuters: https://reut.rs/2TpuzQV

Sonia likely to lead Congress for 6 months
– She was chosen by the CWC after ‘12hrs of deliberations’ in which no other contenders (apart from the Gandhis) were discussed
Hindu:http://bit.ly/33urAvm

Tech 📱 | Telegram introduces a feature to prevent users from texting too often in a group
Techcrunch: https://tcrn.ch/2Tpa07t
Sport ⚽️ |

Interesting: Zomato delivery boys to go on strike; refuse to deliver pork and beef
– As expected, there was no ‘smart’ tweet from Zomato on this issue. Do read the comments
Hindu: http://bit.ly/2Tqm2NM

Interesting: Delhi’s Chandni Chowk to get a new look
– The 1.5km stretch upto Red Fort will be a car free zone, overhead cables will be moved underground and a walkway will be created
– The project is expected to be completed by March 2020
Hindu: http://bit.ly/2Tqgenf

Uber, Ola and other ride-hailing apps are worsening the developing world’s traffic problems
Print: http://bit.ly/2TpbCOz
#Article originally featured on WEF website

Opinion: Let’s accept a fact: India’s new normal is now 5% growth
Livemint: http://bit.ly/2Tn0HF1


Klips for 13th Aug

National 🇮🇳 | Kashmir stays locked down on Eid
– The Home Ministry acknowledged that there have been sporadic incidents of stone pelting
– Residents stayed away from celebrations: ‘What are we celebrating? I can’t call my relatives to wish them Eid, we can’t go out to buy things. So, what kind of celebration is this?’
Reuters: https://reut.rs/2GYv0N1

World 🌎 | Hong Kong’s airport reopens, more than 200 flights cancelled
– China also said that the protests were showing ‘sprouts of terrorism’, despite most of them being peaceful
https://reut.rs/2YVbcQY

Economy & Business 💰 | RIL AGM: Aramco stake sale, GioFiber Launch, Microsoft partnership
– RIL will sell 20% stake in its refinery business to Aramco at $15bn
– JioFiber will offer speeds from 100Mbps to 1Gbps with plans starting at ₹700
– Also RIL announced a cloud partnership with Microsoft’s Azure, which will take on Amazon’s AWS in India
Livemint: http://bit.ly/31DVHhV

🗣Opinion: Barbed wires, deserted streets & simmering anger — Srinagar laments a broken Eid promise
Print: http://bit.ly/2Kums2Q

Interesting: Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
Reuters: https://reut.rs/31yqQn5

Interesting: Apple Card review – The card of the future is no card at all
WSJ: http://bit.ly/2Kt2KV8


Klips for 14th Aug

World 🌎 | Trump delays China tariffs to Dec 15
– The proposed tariffs have been split into to: those related to agriculture, clothes will be imposed from Sept 1, as before
– However, tariffs on electronics, cellphones etc have been delayed
Bloomberg: https://bloom.bg/2H5QAiG

National 🇮🇳 | SC adjourns hearing on pleas related to J&K for 2 weeks, says it ‘needs more time’
– The petitions relate to lifting curbs placed on J&K residents which includes a communication lockdown
– The matter was originally brought to the court on Aug 8, when it denied a early hearing
Livemint: http://bit.ly/2Z3Gkxy

Economy & Business 💰 | RIL shares see biggest intraday jump in a decade
– Shares jumped as much as 12%, the highest since Jan 2009, following the launch of JioFiber and stake sale to Aramco
– Rival Idea-Voda’s stock fell 10% while Bharti Airtel fell 7% before recouping losses
Reuters: https://reut.rs/2Z0QvDh

EPFO looking for early redemption of ₹700cr worth DHFL bonds
– EPFO has struggled to redeem ₹574cr from IL&FS
– It has already redeemed ₹201cr and had ‘considered approaching NCLT’
Livemint: http://bit.ly/2Z3EtZC

Auto sector records worst sales in 19 years in July
– Car sales fell 31% and bikes sales fell 19%
– It was the worst sales performance since Dec 2000 (35% decline)
– This differs slightly from Aug 2nd headline which referred to worst sales numbers for July (these are for all months)
Livemint: http://bit.ly/2H5ewCV

Opinion: India’s Richest Man is turning cautious. Bad Sign
– While Mukesh Ambani’s words and launches sounded optimistic, his actions paint a story of caution
Bloomberg: https://bloom.bg/2YZ7tlz

Interesting: Would you rent out your living room for a few hours? This startup is counting on it
Techcrunch: https://tcrn.ch/2H0a1cX


Klips for 15th Aug 🇮🇳

National 🇮🇳 | Floods toll count rises to 270, a million plus displaced
Hindu: https://reut.rs/2YQxf07

All 6 ‘cow vigilantes’ acquitted in Pehlu Khan lynching case
– The prosecution was unable to link the accused to the crime despite videos of the lynching being shot
Reuters: https://reut.rs/2YMLQK3

Abhinandan Varthaman, 5 IAF pilots get gallantry awards
– The Vir Chakra was awarded to Abhinandan and the Vayu Sena Medal was awarded to 5 IAF officials
Livemint: http://bit.ly/2H7AghA

Economy & Business 💰 | Gurgaon restaurants #Logout of Zomato and other dining apps
– Restaurant owners say the deep discounting on dine-ins by Zomato, Easydiner, Nearbuy, magicpin is hurting business
– Zomato Gold’s success, which gives members 1+1 offers, is considered the prime reason for this change in mindset
– These restaurants will continue to be listed on food delivery apps (Swiggy and Zomato)
Livemint: http://bit.ly/2Z4Lc5N

SBI to dilute stake in credit card business via IPO
– SBI has been aggressively adding customers, with executives offering cards to almost anyone at metro stations, malls and other popular spots
– SBI holds 75% stake in SBI Cards and Payment services Pvt Ltd, with Carlyle group holding the rest
Livemint: http://bit.ly/2H9GNIu

🗣Danish bank becomes first to offer negative interest rate on loans
– It offers -0.5% interest on a 10yr loan
– ‘We don’t give you money directly in your hand, but every month your debt is reduced by more than the amount you pay’
Washington Post: https://wapo.st/2Z1tFvn

Interesting: Greta Thunberg – 16th yr old climate crusader begins voyage
Reuters: https://reut.rs/2Hkm3y7

Opinion: Symptom as Cause – On auto sector woes
Hindu: http://bit.ly/2Z1snR3

Interesting: Fact check: Did BBC, Al Jazeera and Reuters fabricate reports about a large protest in Kashmir?
– The short answer is No, they did not. What’s surprising is the role played by other media houses and personalities to tag them as fake
Scroll: http://bit.ly/2Z4NbHh


Klips for 16th Aug

World 🌎 | 🗣China masses troops in stadium near HK
– In what was largely speculation, China is expected to use military force to quell the protests
FT: http://bit.ly/33AQhX0

National 🇮🇳 | Delhi to make bus rides for women free from Oct 29
– Kejriwal made the announcement during his last I Day speech
– On the proposal to make rides free on the Delhi metro too, he said discussions were still on
Hindu: http://bit.ly/33BRc9s

Economy & Business 💰 | Zomato asks eatries to serves 45 day notice, before exiting
– While other platforms have been willing to negotiate terms with the restaurants, Zomato has taken a hard stand
– The matter relates to deep discounting on Zomato Gold and other platforms
Livemint: http://bit.ly/33AzraF

Tech 📱 | Twitter leads $100mn funding round in India’s ShareChat
– This round values the social media platform at $650mn
Techcrunch: https://tcrn.ch/2TFDUV8

Opinion: Words and deeds – On Modi’s I-Day vision
– ‘if India is to be on a new course for the better, it needs more than grandstanding from the Red Fort. Deeds must follow words as noon follows dawn.’
Hindu: http://bit.ly/33EaWti

Interesting: What3words: The app that can save your life
– ‘What3words divides the world into 57 trillion squares, each with a unique three-word address’
BBC: https://bbc.in/2TFFEh8

🗣Opinion: India@73: A government growing more popular, the spirit of India’s Constitution getting weaker
– A perfect summary of all summaries that paints a true picture of India. A must read.
Scroll: http://bit.ly/2TB4fU4


Klips for 17th Aug

World 🌎 | Cathay CEO resigns over mounting pressure from HK protests
– The company was under pressure as a number of its employees were a part of the protests
– China’s aviation regulator demanded last week Cathay suspend several staff
Reuters: https://reut.rs/2KIiGl6

National 🇮🇳 | Schools, telephone lines to open ‘soon’ in Kashmir
– There were mixed and confusing reports as to when this will happen
– However, there was no mention of when mobile connectivity will be restored
Reuters: https://reut.rs/2HcYxmx

China, Pak fail to censure India at UNSC
– In a closed door meeting, China was unable to trump up support to censure India
Livemint: http://bit.ly/2MkBGte

Tech 📱 | YC backed Lokal tries to bring local news to the masses
– In 11 of 18 districts in Andhra, the startup has a bigger presence than most media houses
Techcrunch: https://tcrn.ch/2KOHxUI

Interesting: 87 Payment Apps Face an Uphill Battle to Turn India Cashless
– Good data points on cash usage, no. of digital tranx
Bloomberg: https://bloom.bg/2KMVL8q

Opinion: Trump Isn’t Crazy to Want to Buy Greenland
– Why buying an entire island isn’t all that outlandish for the US
Bloomberg: https://bloom.bg/2Mo2CIw

🗣Interesting: The Walkman celebrates 40 years of portable music
Scroll: http://bit.ly/2MpIlST


Klips for 19th Aug

World 🌎 | 1.7mn protest peacefully in HK on Sunday, more rallies expected
– The protests have now gone on for 11 weeks
– What is worth noting is that protestors clean up the public places once each of these protests end
Reuters: https://reut.rs/2Z0APoc

National 🇮🇳 | Curbs reimposed in Kashmir amid violence
– It is reported that there were 47 incidents of stone pelting on Saturday followed by another 20 on Sunday
– Internet and communication services continue to remain blocked, despite assurances that they will be opened up
– The govt did not respond to questions on the incidents
Reuters: https://reut.rs/2z6y9WV

Heavy rains lash northern states, 28 dead
– Delhi has also sounded a flood alert as water levels of Yamuna continue to rise
– Ironically Delhi also breathed the cleanest air of the year so far (47 AQI), due to the heavy rains
Hindu: http://bit.ly/2P2B39Q

Economy & Business 💰 | FPIs have pulled out ₹8319cr in Aug so far
– This is due to the ‘extreme negative sentiment’ as per traders with FPIs pulling out money in 9 of the 10 trading sessions
– While they sold equities worth ₹10k cr, they were net buyers for debt worth ₹2k cr
Livemint: http://bit.ly/2P3q5Be

Tech 📱 | Zomato backs down on stand, agrees to negotiate with restaurant owners
– Zomato founder Deepinder Goyal said via Twitter that he was sad that ‘young entrepreneurs like him’ were feeling the pressure in the restaurant business
BQ: http://bit.ly/2zbjfys

Sport ⚽️ | Gritty Mendedev beats Djokovic to win Cincinnati Masters

Opinion: ‘The Idea of India’ is failing
– Do read the comments
Hindu: http://bit.ly/2P2vvfu

🗣Opinion: One of the most accurate predictors of a future recession, the yield curve is flashing warning signs
– A crisp, simply worded explanation of the ‘yield-curve inversion’ that everyone is talking about
Scroll: http://bit.ly/2z85dhg


Klips for 20th Aug

Economy & Business 💰 | 🗣DHFL defaults once again, this time worth ₹1571cr
– The article however does not feature in the major headlines of most media outlets
BS: http://bit.ly/2zaZgQA

Voda Idea CEO quits citing ‘personal reasons’
– However, he will continue to be with Vodafone Group
– Voda Idea’s stock has fallen from ₹30 to ₹5.99 in one year
– It has lost subscribers every month since the merger and has a net debt of ₹1.2 trillion
Livemint: http://bit.ly/2z7Man5

Visa hits out at govt move to remove MDR
– In a bid to boost digital transactions, the FM said in her budget speech that ‘no charges or MDR would be imposed on customers as well as merchants’
Livemint: http://bit.ly/2P73oMm
#MDR: Merchant Discount Rate

Raghuram Rajan: ‘India slowdown very worrisome’, reforms need of the hour
– Rajan said that the govt needs to tackle the problems with NBFCs and power sector
– He also said that the way GDP growth is calculated needs to be re-evaluated
BQ: http://bit.ly/2P4278E

Tech 📱 | TikTok launches Hashtag Challenge Plus
– This will allow user to buy goods directly from within the app
– In essence brands can now directly sell goods via the short video format
Techcrunch: https://tcrn.ch/2P4DqZN

🗣Opinion: Democracy under siege
Hindu: http://bit.ly/2P3BaCc

Opinion: Masa’s Visionary Sequel Has a Desperate Look
Bloomberg: https://bloom.bg/2z8rdsv


Klips for 21st Aug

World 🌎 | Kashmir situation lot to do with religion, but will try best to mediate: Trump
– He said that while both Modi and Imran Khan get along well with him, they aren’t exactly friends
Hindu: http://bit.ly/2KW1vgh

National 🇮🇳 | Kashmir remains tense as some restrictions eased
– Barriers were removed from the clock tower at Lal Chowk, but commercial establishments remained shut
– Soura, which is becoming the hotbed for protests, has been locked out by residents
– While some schools opened, and the official statement is that attendance has considerably improved, Reuters found all of them empty
Reuters: https://reut.rs/2MsRBWw

CBI at Chidambaram’s door after HC rejects anticipatory bail plea
– The matter relates to the INX Media case involving money laundering and corruption
Livemint: http://bit.ly/2Mu4Ia2

Economy & Business 💰 | 🗣82,000 ordnance factory workers on strike as talks fails
– The factories are used for urgent production needs (like manufacturing of weapons for Kargil)
– The govt is trying to privatise these factories
– In essence the land, almost 20000 acres, will become open for private investment
Hindubusinessline: http://bit.ly/2KVTdF7
#This rather imp matter has got limited to no coverage in the media

Opinion: The revolt against food delivery apps
Livemint: http://bit.ly/2KWrIet

Interesting: The two Adani Group cases listed out of turn
BQ: http://bit.ly/2KVPozG

Apple’s TV Splurge Just Adds to the Madness
Bloomberg: https://bloom.bg/2L2M3ie


Klips for 22nd Aug

National 🇮🇳 | Chidambaram arrested by CBI in corruption case
– The Delhi HC rejected his claim for exemption from arrest
– The CBI is investigating him since 2017 under the INX media case and has interrogated him previously
Reuters: https://reut.rs/2ZjPSoy

Separatists urge Kashmiri’s to join march after Friday prayers
– ‘Every person, young and old, men and women, should march after Friday prayers,’ said one poster
– Kashmir remains clamped down with all communications (including mobile networks) shut down for 18 days
Reuters: https://reut.rs/2KZhpq5

Souther Railway to stop housekeeping services on 86 long-distance trains
– It cited lack of funds as the reason for this
– Southern Railways has also ‘sent an SOS’ to the Railway Ministry seeking funds
Hindu: http://bit.ly/2HgjNrh

Economy & Business 💰 | Parle says may cut 10000 jobs due to slowdown
– The company said the problems started in 2017, since biscuits were included in the 18% GST category, the highest slab (For comparison, a Starbucks coffee attracts 5% GST)
– This hike directly impacted low-priced biscuits as the costs had to be pushed to the consumers
BQ: http://bit.ly/2HlaoyP

EVs: Govt shifts stance again, says no deadline on automakers
– ‘The shift to electric vehicles will happen in natural progression’ said Nitin Gadkari
– The NITI Aayog has proposed to ban all non EV 2-wheelers by 2025 and 3-wheelers by 2025
Livemint: http://bit.ly/2ZmWZfH

Amazon opens its biggest campus in Hyderabad, will house 15000 employees
Hindu: http://bit.ly/2Zm3I9Q

Interesting: Shadow Bank Crackdown Accelerates in India Amid Cash Squeeze
Bloomberg: https://bloom.bg/2Zfkp6Z

Opinion: Xiaomi Has a Secret Money Maker
Investors are still not convinced that Xiaomi is a ‘services company’
Bloomberg: https://bloom.bg/2HjqqJM


Klips for 23rd Aug
World 🌎| 🗣Bolsonaro says Brazil lacks resources to fight Amazon fires
– Just last week Bolsonaro rejected aid to fight the fires
Reuters: https://reut.rs/2ZpZEtf

National 🇮🇳 | Fuel supply stopped to Air India due to ‘unpaid dues’ at 6 airports
– Fuel supply has been stopped at Patna, Pune, Mohali, Ranch, Vishakapatnam and Kochi airports
Print: http://bit.ly/2ZgTifR

Economy & Business 💰 | Amazon acquires minority stake in Future Retail
– Amazon bought 49% stake in Future Coupons which in turn owns 7.3% stake in Future Retail
– Amazon effectively owns 3.58% stake which is valued at $104mn
– But Amazon paid a significant premium for it, though the amount is unknown
Reuters: https://reut.rs/2HhzOgM

Stock markets fall 1.5% after govt response to stimulus package
– India’s Chief Economic Advisor said companies should not depend on govt for stimulus and should ‘change their mindset’
– The Sensex has fallen nearly 4000 pts or 10% since the Budget in July
– The rupee too is on a downward move, now nearing 72 to the dollar, an 8 month low
Reuters: https://reut.rs/2HgHOyr

IRCTC files for IPO, Center could make ₹500-600cr
– The govt will dilute about 12.5% of its stake
– Oddly, IPOs are filed when markets are booming, not when they are in a turmoil
Livemint: http://bit.ly/30tW3I2

Tech 📱 | Google ditches dessert names, Android Q to be called Android 10
– Google also updated its logo for Android
Techcrunch: https://cnet.co/2ZoPp8w
Sport ⚽️ |

Interesting: What’s floccinaucinihilipilification? Ask the RBI
– People had to resort to dictionaries and Google to decode the RBI Governor’s recent speech
Bloomberg: https://bloom.bg/30sd4SV

Interesting: Peppa Pig gets new owner
– Hasbro to buy eOne in $4bn deal
Hindu: http://bit.ly/2ZmBpfB

🗣Opinion: The World has a Germany problem
– An excellent article by Paul Krugman
– This sums it up: A Trade war with Europe ‘is the last thing either America or Europe needs. Which means that Trump is probably going to do it.’
NYT: https://nyti.ms/30vVayA


Klips for 24th Aug

National 🇮🇳 | Kashmir: Security forces clash with protestors, resort to tear gas, chilli grenades
– Check the raw cut video of the protests by Reuters
Reuters: https://reut.rs/2P9THg5

Economy & Business 💰 | Govt ‘rolls back’ FPI, CSR penalty proposals
– The attempts are seen as boosts to a struggling economy
– The govt also ‘promised’ to clear all pending GST refunds within 30 days and future refunds within 60 days
– FM has undone most of the damages caused by her maiden budget: Market analysts (Livemint:http://bit.ly/2PcBsa1 )
Reuters: https://reut.rs/2zgw3DN

China hits back at US with tariffs on goods worth $75bn
– China will impose additional tariffs of 5-10% on 5078 products and will come into effect from 1st Sept and 15th Dec
Reuters: http://bit.ly/2PaTzgw

Moody’s cuts India’s growth forecast by 60bps to 6.2% for 2019
– Likewise it also lowered te 2020 projection to 6.7%
– It listed ‘weak hiring, financial distress among rural households, and tighter financing conditions due to stress among non-bank financial institutions’ as factors for sluggish growth
BQ: http://bit.ly/2Pb19Yv

SBI cuts FD, deposit rates
– FD rates were cut by 10-50bps, and 30-70bps for bulk deposits
– Interest rates on loans were kept unchanged
– It cited excess liquidity and falling interest rates as reasons for the cuts
Hindu: http://bit.ly/2PeHy9M

Tech 📱 | Netflix testing out ‘Collections’
– These are curated lists by experts on what’s worth watching on Netflix
Techcrunch: https://tcrn.ch/2P6KO6T

🗣Interesting: Satellite images of Amazon fires indicate that land is probably being cleared for cattle pasture
Scroll: http://bit.ly/2PdwERD

🗣Opinion: India’s economic crisis has only one root cause
Print: http://bit.ly/2Pd6kqX


Klips for 26th Aug

World 🌎 | Trump ‘regrets’ not raising tariffs higher: White House
– Trump had responded in the affirmative to questions on if he was having second thoughts on China tariffs
– The statement comes as a clarification to this
Reuters: https://reut.rs/30zOv6t

National 🇮🇳 | Manmohan Singh set to lose SPG cover
– It is reported that the order has been been given ‘orally’ and the decision was taken on May 25, two days after the election results
– The protection was extended to former PMs after Rajiv Gandhi was assassinated in 1991
Hindu: http://bit.ly/2ZvQz20

Economy & Business 💰 | No new investments from Alibaba in India, to focus only on existing portfolio
– Alibaba is yet to have a successful exit and has investments in Paytm, Zomato, BigBasket and Snapdeal
Livemint: http://bit.ly/2Zpummb

Sport ⚽️ | PV Sindhu wins India’s first World title
– Sindhu beat Japan’s Okuhara to become the first Indian to win at the World Badminton Championships
– It was 3rd time lucky for Sindhu as she had lost the previous 2 finals
– Also, Sai Praneeth won the Bronze in the Men’s draw
Hindu: http://bit.ly/30y7wpL

Opinion: On the wrong side – On Press Council of India backing Kashmir restrictions
Hindu: http://bit.ly/30zAdmr

Opinion: Why India’s labourers can’t afford to buy a packet of biscuits for Rs 5
Bloomberg: https://bloom.bg/2ZspPj1

🗣Interesting: Bajaj Tempo Matador -The camper van with a cult following
Print: http://bit.ly/2Zw9yJM


Klips for 27th Aug

World 🌎 | G7 agrees to provide aid for Amazon fires, Bolsonaro terms it colonisation
– The G7 countries agreed to provide $20mn in aid with Macron leading the effort
– Celebrities have also joined the call to take urgent steps, with DiCaprio personally contributing $5mn
Reuters: https://reut.rs/30CkEKL

National 🇮🇳 | 🗣 Delhi govt approves ₹290cr grants for free bus & metro rides for women
– While the free bus rides will commence from Oct 29, the metro rides plan needs DMRC approval
Print: http://bit.ly/2ZwYBb0

Economy & Business 💰 | Govt to get ₹1.76 trillion as dividend from RBI
– The decision was made by an ‘independent’ committee appointed specifically for this, and approved by the RBI Board
– This was the bone of contention that led to former RBI Governor Urjit Patel’s exit
Reuters: https://reut.rs/2ZnamRm

Sensex jumps 793pts or 2% after booster and expectation of RBI dividend
– The largest jump was seen in PSU banks which rose 3.57% as a large part of the dividend is likely to be used to recapitalise them (₹70000cr)
– The FM announced a slew of rollbacks and measures but markets opened down almost 1%
– RBI’s announcement came after market hours
Livemint: http://bit.ly/30EZFXQ

Tech 📱 | Amazon’s free streaming service, IMDB TV, comes to mobile
– The ad supported service is presently available in the US
Techcrunch: https://tcrn.ch/30HXnqY

Opinion: Four reasons why Sitharaman’s stimulus measures are short on vision
– ‘When you’re always fighting fires, it’s difficult to turn off the water hose and start tending the garden.’
BS: http://bit.ly/2Zm5RGP

Opinion: Time to strike the gavel
– An excellent critique of the SC and the CJI’s lack of will to take the right action (or any action). The article also highlights a similar failing of the SC in 1976 as Emergency was imposed
Hindu: http://bit.ly/30Db8qy

🗣Interesting: In 21 days, 21 reasons to believe ‘Kashmir is normal’
Scroll: http://bit.ly/2ZC3Jec

⭐️ 🗣A social venture is putting more e-rickshaws on UP and Bihar roads, cutting emissions drastically
Scroll: http://bit.ly/30CiwCN


Klips for 28th Aug

World 🌎 | 🗣Pak says may close airspace to India
– The airspace was only recently opened in July after its closure following Balakot air strikes
– Airlines needed to take a far longer route which cost them millions of dollars
Reuters: https://reut.rs/30FpbMv

National 🇮🇳 | PMO note on NHAI only suggestion, will continue to build roads: Gadkari
– The PMO last week had said that NHAI should no longer construct roads, but become an AMC
Livemint: http://bit.ly/2U8yWjE
#AMC: Asset Management Company
#NHAI: National Highway Authority of India

Ram Setu was built by Indian engineers: HRD minister at IIT convocation
– The remarks were made by Union HRD Minister Ramesh Pokhriyal Nishank at IIT Kharagpur
Hindu: http://bit.ly/2ZorIxl
#Some of the minister’s other thoughts on our history & education are worth listening to: http://bit.ly/30OSdtj (Prime Time with Ravish Kumar)

Economy & Business 💰 | HUL reduces prices of Lifebuoy, Lux in sign of weak demand
– For some packs prices were reduced by 20-30% while the minimum reduction was 4-6%
– Interestingly, prices of face washes were increased 4-14%
– Lifebuoy is the highest selling soap across homes in India
Livemint: http://bit.ly/343Cici

Opposition hits back at govt over RBI’s ₹1.76 trillion payout, term it as ‘stealing from RBI’
– Rahul Gandhi tweeted:’It’s like stealing a band-aid from the dispensary and sticking it on a gunshot wound’
Livemint: http://bit.ly/342F8hR

Opinion: A Rainy-Day Giveaway From India’s Central Bank
Bloomberg: https://bloom.bg/2ZuIivw

🗣Interesting: Explainer – Why the RBI approved a record Rs 1.76 trillion transfer to the Modi government
– A small explainer by Scroll on the What, Why and How of RBI’s transfer to the govt
Scroll: http://bit.ly/2Zv6EVO


Klips for 29th Aug

World 🌎 | Boris Johnson to suspend British parliament
– Parliament will be suspended from mid-Sept to mid-Oct reducing the chance for debating Brexit
– The Queen’s Speech, as it is called, will be held on 14th Oct after which Parliament will be suspended
– This also increases the chance of a no-confidence vote against Johnson’s govt
Reuters: https://reut.rs/349FiUM

National 🇮🇳 | 🗣NSA-level meet today, France keen to sell second batch of 36 Rafales
– The first batch is expected to be delivered in Sept
IE: http://bit.ly/2UeTt6n

Economy & Business 💰 | Govt eases FDI norms for single-brand retail, 4 sectors
– Single-brand retailers, like Apple, can now set up online stores without first setting up physical stores
– Norms were also eased for digital media, coal mining, fuel sale & associated infrastructure
– Local sourcing norms were also eased and 100% FDI is now allowed in contract manufacturing
Reuters: https://reut.rs/34avXfd

Yes Bank falls 7% after Moody’s downgrade
– The bank’s planned capital raise fell short of expectations which led to the downgrade
– The stock has fallen 84% in one year
Livemint: http://bit.ly/2UcGKkr

Tech 📱 | Apple to gain significantly from India’s new FDI rules
– Apple likely to launch its own online store, without first having to set up physical stores
– Presently it sells via partnerships with resellers or Amazon and other e-comms
Techcrunch: https://tcrn.ch/2UcqOyI

Interesting: Tesla Unplugged – In Singapore, It’s Just Another Unwelcome Car
– ‘The world’s most-crowded cities need to rethink whether a personal vehicle – electric or not – is a future and a lifestyle around which they want to build at all.’
Bloomberg: https://bloom.bg/3476CDa

Opinion: Kashmir’s Information Vacuum
– A complete communication lockdown is less about ‘national security’ and more to do with quelling dissent
Hindu: http://bit.ly/346PkFX

🗣Interesting: The destruction of the Amazon is terrible news, but it won’t affect the world’s supply of oxygen
– The oft-cited claim that the Amazon fires will affect 20% of the world’s oxygen are misplaced.
Scroll: http://bit.ly/3479qQv


Klips for 30th Aug

GDP growth rate falls to 5%, at a 6-yr low
– The previous low was 4.9% in 2012-13
BS: http://bit.ly/34crOYa

National 🇮🇳 | Flats, Freebies vs Flamingos: Maharashtra govt bends over backwards for real- estate sector
– Just ahead of assembly polls, the govt seems keen on ‘fast track approvals’ for real-estate sector in Eco-Sensitive Zones
– The apex court has banned such construction in buffer zones
– Last week, CM Devendra Fadnavis approved ₹800cr worth of sops for this sector
Hindu: http://bit.ly/34d6KB5

World 🌎 | Ebola deaths in East Congo cross 2000
Reuters:https://reut.rs/2ZINRGQ

Economy & Business 💰 | Gold records best month in 3 years as uncertainty prevails across markets
– Gold has gained almost 8% this month, the highest since June 2016
Reuters: https://reut.rs/2UhSCly

Tech 📱 | Apple to launch next iPhone on Sept 10
– The iPhone 11 and Pro versions are expected to be launched
Techcrunch: https://tcrn.ch/347L5Kq

Interesting: Tokyo World’s safest city, Mumbai 45th, Delhi 52nd: Economist Intelligence Report
Livemint: http://bit.ly/34lfp4u

⭐️ Hebbar’s Kitchen: Of Whatsapp recipes and more
– Story of how a ‘Karnataka couple set up one of India’s biggest recipe Empires
The Better India (TBI): http://bit.ly/3441dMW

Opinion: India Offers a Bargain – Our Consumers, Your Jobs
– On the recent FDI relaxations and their impact on jobs and businesses. Also includes: An excellent chart by Bloomberg to track economic indicator that are stronger/weaker
Bloomberg: https://bloom.bg/2UkTQwm


Klips for 31st Aug

National 🇮🇳 | Assam ‘anxious’ ahead of NRC headcount
– The NRC will be published later today
– The state remains on high alert as atleast a large number of people are likely to be excluded
– The draft NRC has excluded 41lakh people
Hindu: http://bit.ly/34d92zT
#Update: Over 19L ppl have been left out

Aarey colony Tree cutting: Calls of ‘betrayal’ after BMC Tree Authority approves removal of 2646 trees
– It does appear as though the BMC pushed through the vote without letting those who opposed it about the vote
– Even the experts seem to have been kept in the dark
– Citizens have organized protests and are voicing their protests on social media too
Hindu: http://bit.ly/2UihZn7

Economy & Business 💰 | FM announces plan for PSB mega-merger
– As per the plan 10 state-run banks will be merged into 4
– PNB, Oriental Bank of Comm, Union Bank will be merged to former the 2nd largest PSB
Livemint: http://bit.ly/2UkZChb
#PSB: Public Sector Bank

Tech 📱 | Twitter CEO’s Twitter account hacked
– Jack Dorsey has 4mn + followers
– The hack became possible due to an option in Twitter to post via SMS
Techcrunch: https://tcrn.ch/34hApZY

Interesting: A Quarter of Many Lows
BQ: http://bit.ly/34g098Y

Interesting + Op-Eds: In Kashmir Shops Are Closed and All Is Silent, But It’s Far From Peaceful
– ‘Kashmiris are used to preparing for long winters when snow forces us to wait indoors. The people can wait.’
Bloomberg: https://bloom.bg/34fa6mU
NYT: https://nyti.ms/2Ug2A6S
#Indian media seems to be ‘unaware’ of the issues and continues to ignore the lockdown in Kashmir