Klip

Klips for 9th Sept

National 🇮🇳| Curfew imposed in Kashmir after clashes leading up to Muharram

  • Clashes broke out between those taking part in the procession and security forces
  • Atleast 12 people and 6 troops were injured

Reuters: https://reut.rs/2ZISSzH

Economy & Business 💰| Govt gets tax bonanza from ads on Google, FB

  • Tax receipts jumped 60% y-o-y to ₹939cr
  • This means advertisers spent atleast ₹15650cr on these platforms
  • These figures are as per sources and not official numbers

Livemint: http://bit.ly/2HSYbSe

Sport ⚽️| Nadal wins US Open finals in epic 5 setter

  • The match lasted 5hrs with Nadal winning 7-5 6-3 5-7 4-6 6-5 against Medvedev
  • Earlier on Saturday, teenager Bianca Andreescu won the women’s final, beating Serena Wlliams

Hindu: http://bit.ly/2ZWUGAj

Highlights (Youtube): http://bit.ly/301uR2j

Opinion: Keep Your Eye on the Road, India Investor

  • A nicely weaved article by Andy Mukherjee on the NHAI’s mounting debt and its relation to GST, car sales and equity & bind markets

Bloomberg: http://bit.ly/2HX7och

🗣Opinion: Why people endorse Modi’s economic performance despite economic slowdown

  • Of Whatsapp forwards and more on how well we are doing

Print: http://bit.ly/2HW2WKW

🗣Opinion: The right way to threaten Indians into driving well

  • You need a mix of carrot and stick and lessons from Delhi Metro

Livemint: http://bit.ly/2HXaygh

Klips for 7th Sept

World 🌎| HK protests turn violent again, protestors look to target airport

  • The protests have entered the 14th Week
  • Protestors vandalised metro stations in retaliation to video footage of police violence

Reuters: https://reut.rs/2Lvpp2h

National 🇮🇳| Chandrayaan-2: Contact lost just before landing

  • The lander was 2.1km above the surface and was attempting a ‘soft’ landing, when contact was lost
  • As per latest reports, the orbiter is still operational

Reuters: https://reut.rs/2LvCrgq

Chandrayaan-2: What Went Wrong In The Final Moments

Quint (Youtube): http://bit.ly/311fsA9

🗣Yerchury affidavit in SC challenges govt’s claims on Kashmir

  • The CPI(M) leader had taken special permission from the SC to visit his ailing party member, Tarigami
  • Yerchury reported that Tarigami was being detained illegally and the restrictions had aggravated his health condition
  • The SC asked the govt to shift Tarigami from Kashmir to AIIMS

BS: http://bit.ly/2N08Z5e

Sport ⚽️| Nadal enters US Open finals

  • He will face Russia’s Medvedev on Sunday
  • Serena Williams plays teenager Bianca Andreescu in the women’s final

🗣Opinion: 50 word edit from Print – Supreme Court on Kashmir habeas corpus pleas has been found wanting

Print: http://bit.ly/31e2sqU

Interesting: WeWork Goes From Hot to Not as Dream Value Plunges $45 Billion

Bloomberg: http://bit.ly/311D87r

Interesting: Not a good time to run big business due to global uncertainty: Krugman

  • Krugman made the remarks in his address at a Leadership Summit in Singapore

Livemint: http://bit.ly/312LTyj

Klips for 6th Sept

World 🌎| US urges India to ease restrictions in Kashmir

  • In comments mailed to the Hindu, a US State Dept Spokesperson said: ‘We urge authorities to respect human rights and restore access to services such as Internet and mobile networks’

Hindu: http://bit.ly/2MW5JI0

#Do read the comments on the article

National 🇮🇳| Chidambaram sent to Tihar Jail for 2 weeks by Delhi HC

  • This follows a 15 day CBI custody in 5 spells

Hindu: http://bit.ly/30Z6bJ2

Elections only way to choose Congress President: Tharoor

  • Tharoor made the comments just before his book launch ‘The Hindu Way’

Hindu: http://bit.ly/31atQWM

Gurgaon’s Rapid Metro likely to shut down due to financial crisis

  • The metro was constructed and run by Il&FS
  • IL&FS has written to the Haryana govt that they cannot run the service beyond 9th Sept
  • This was India’s first fully privately financed metro in India

Livemint: http://bit.ly/310ScCy

Economy & Business 💰|International markets jump as China, US agree to trade talks

  • The exact timing of talks isn’t clear yet (expected in Oct)
  • However US markets jumped 1.75% (NASDAQ) and 1.3% (S&P500)
  • Many Asian and European shares also hit one month highs

Reuters: https://reut.rs/2Loti9i

Tech 📱| Amazon set for food delivery launch in India, charges restaurants low commissions

  • Amazon is set to acquire FoodPanda and launch services in Bangalore starting Oct
  • Restaurants are being signed up at low commissions of 5-6% (Swiggy, Zomato charge 20% +)

Livemint: http://bit.ly/2MWdIoH

Milkbasket set to raise $50mn

  • The Series C round is likely to close in 2 month
  • Milkbasket started delivering Milk and now offers all grocery items, including a regular subscription service

Techcrunch: https://tcrn.ch/2N0jd5t

🗣Interesting: Delhi airport to begin facial recognition based entry at T3 from Friday

  • The trial will be done for Vistara passengers

ET: http://bit.ly/2MZoWJ6

🗣Opinion: How this General saw Kashmir 50 yrs ago – No signs of fundamentalism, Army had people’s trust

  • A nice article by Lt Gen H S Panag
  • ‘We in the rest of the country are only compounding the problem by the linking the fate of an entire region with a couple of hundred terrorists’

Print: http://bit.ly/31938y9

Klips for 5th Sept

World 🌎| HK CEO withdraws extradition bill

  • China was opposed to the move but Carrie Lam had said that she would resign otherwise
  • However protestors called the move ‘too little too late’

Reuters:https://reut.rs/2ZuMtYS

National 🇮🇳| Heavy rains bring Mumbai to a standstill again

  • Schools and colleges were asked to remain shut and will continue to be shut today as well

Hindu: http://bit.ly/2ZQkUV8

23 killed in Punjab fireworks factory

  • The accident happened at a Batla fireworks factory

Hindu: http://bit.ly/2LlhRQS

Economy & Business 💰| JioFiber commercial launch today

  • Plans will start at ₹700 and upto ₹10000 with speeds ranging from 100Mbps to 1Gbps
  • Users can register their requests on Jio’s website
  • Jio will also offer TVs in certain plans but limited info on this is available

Livemint: http://bit.ly/2ZPCIzU

Maruti Suzuki to shut Manesar, Gurgaon plants for 2 days

  • This is first time the company will shut its plants for 2 days in its 3 decades of existence in India

Livemint: http://bit.ly/2ZPD8Gu

Tech 📱| Youtube to pay $170mn settlement for collecting data on kids

  • Youtube had been charged with tracking kids’ usage without their parents’ consent
  • The charge was made by the FTC and the settlement amount was decided based on % of revenues

Reuters: https://reut.rs/2LtP9Mn

Swiggy enter last-mile pickup/drop business

  • The service called ‘SwiggyGo’ will be launched in Bangalore and later across 300 cities

Livemint: http://bit.ly/2Lngfq1

Sport ⚽️| Dimitrov upsets Federer in US Open quarters

  • Dimitrov won 3-6 6-4 3-6 6-4 6-2

Youtube: http://bit.ly/2LjnuyU (Highlights -3min)

Interesting: Bangkok beats Paris as most visited city for 4th yr

Bloomberg: https://bloom.bg/2ZMaR3z

🗣Opinion: Ranjan Gogoi-led Supreme Court made NRC messier. Now it must clean it up

Print: http://bit.ly/2ZKxANv

Opinion: Listen to the unspoken – on Kashmir lockdown

Hindu: http://bit.ly/2ZQllPg

Klips for 4th Sept

World 🌎| No-deal Brexit motion defeated, Boris to call snap elections

  • The motion was defeated 328-301
  • It is likely that Brexit will be delayed again, to Jan 31st 2020

Reuters: https://reut.rs/34l5ZFT

National 🇮🇳| Fire at ONGC’s Uran plant leaves 4 dead, CNG stations in Mumbai affected

  • The cause of the fire is unknown
  • MGL said gas supply to the city is ‘being normalized’
  • Earlier, several CNG pumps in the city were shut down

Livemint: http://bit.ly/34lN6mj

Economy & Business 💰| Sensex falls 800pts (2%), has worst day in 11 months; Rupee at 9 month low

  • The selloff follows weak GDP data and core sector growth slowdown
  • Also the realisation that the economic slowdown is not just a ‘cyclical issue’ and could be prolonged has led to the selloff
  • Even at these levels, Indian equity markets continue to be most expensive among peers

Livemint: http://bit.ly/34hHY2N

Govt comes to IDBI Bank rescue, hands out ₹9000cr

  • Half of this will come directly from the govt, while the other half will come from LIC
  • LIC owns 51% of the bank (a stake it recently bought from the govt)
  • IDBI is the lead lender to Anil Ambani’s Reliance Naval, which faces insolvency

Livemint: http://bit.ly/2UsPvqJ

Xiaomi announces $1.5bn share buyback

  • The move is expected to arrest its floundering stock
  • While the company struggles in its home market of China, its phones continue to be popular in India

Reuters: https://reut.rs/34gityN

Sport ⚽️| Steve Smith overtakes Kohli to become No 1 batsman in ICC rankings

🗣Interesting: In rapidly growing Bengaluru, temples and kattes are sanctuaries for biodiversity

Scroll: http://bit.ly/2ZRTiPK

🗣On ground: 30 days later, Kashmir remains closed and watchful

  • The emergency numbers to dial police, fire services and ambulances also remain out of reach
  • A stark indicator of the situation is the failure of the Passport office to deliver over 2,000 passports in Kashmir

Hindu: http://bit.ly/2LjTGSU

Klips for 3rd Sept

World 🌎| ‘We will never start war with India:’ Imran Khan

  • He said: ‘I want to tell India that war is not a solution to any problem’

Hindu: http://bit.ly/2Lk6vLM

Economy & Business 💰| Core sector growth slows to 2.1% in July

  • This makes up for 2/3rds of the IIP
  • Manufacturing PMI also slipped to a 15 month low in Aug

Livemint: http://bit.ly/2LqXcKd

#PMI: Purchasing Manager’s Index

#IIP: Index of Industrial Production

Auto-makers ‘demand’ tax cuts as sales forecasts plummet

  • Passenger vehicle sales fell 34% for Aug for top 6 managers
  • The sector attracts a GST rate of 28% plus cesses

Reuters: https://reut.rs/2Lq1iSR

🗣Interesting: Ecommerce companies Flipkart, Amazon may face a repackaging challenge

ET: http://bit.ly/2LlRBom

Opinion: Bank Mergers Are No Silver Bullet for India

  • ‘The benefits won’t be felt for years, while Modi’s government is staring at an economic crisis now’

Bloomberg: https://bloom.bg/2ZA35yE

Klips for 2nd Sept

World 🌎| US, China tariffs kick in

  • Goods worth ~$200bn will face new tariffs or an increase in the existing  rate

Reuters: https://reut.rs/2ZpWkiB

HK protests get more violent, cause major disruptions at airport

  • High-speed train services to the airport had to be cancelled

Bloomberg: https://bloom.bg/2LdEVkz

National 🇮🇳| 5 states get new Governors

  • Bhagat Singh Koshyari has been appointed as Governor of Maharashtra

Livemint: http://bit.ly/2ZJR8kZ

Economy & Business 💰| Tax filers up 4%, many file returns at 11th hour

  • There are only 74mn direct tax payers in the country

Manmohan Singh blames ‘man-made blunders’ of Demonetisation and GST implementation for slowdown

  • Says the country in set for a prolonged period of slowdown
  • He urged the govt to ‘engage thinking minds and shun vendetta based politics to take the economy out of the mad-made crisis’

Hindu: http://bit.ly/2Ldfpfg

M&M to buy 55% stake in Meru

  • It will pay ₹103cr for the stake
  • M&M said that Meru is the only profitable and cash positive cab company in India

Livemint: http://bit.ly/2ZF1DGl

Interesting: Telegram’s role in HK protests

  • Telegram will roll out a feature that will allow users to mask their phone numbers

Reuters: https://reut.rs/2ZJOQ5c

🗣Opinion: With Assam NRC, the truth is also out – it was a pointless exercise all along

  • Well written piece on how this gives the BJP a dangerous tool
  • ‘But the exclusion list isn’t full of Muslims, as it hoped, but Bengali Hindus, Nepalis and more’

Print: http://bit.ly/2jPJTsL

Opinion: The mystery of India’s shrinking consumption story

  • Two important aspects of the headline number – the sobering rural demand and the structural + cyclical nature of the slowdown

Livemint: http://bit.ly/2jM6hmO

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
Sport ⚽️ |

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

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 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