Gulf Oil expects the government to announce vehicle scrappage policy and reforms in the Budget -- to be presented on February 1 -- to boost demand in slowdown-hit auto sector. "We majorly expect some reforms to boost the auto sector as it has seen a significant slowdown. We hope to see measures aimed at increasing liquidity in the hands of consumers (including possible personal income tax benefits) which can stimulate spending in this sector. "We hope to see a robust implementation of the auto scrappage policy. We hope the government continues its thrust on infrastructure to strengthen and propel us forward on the path to higher growth once more," Gulf Oil MD Ravi Chawla said. In 2019, the automobile industry recorded its worst-ever sales decline in two decades, with an unprecedented slowdown hampering vehicle offtake across segments. As per the data released by Society of Indian Automobile Manufacturers (SIAM) early this month, all vehicle segments reported de-growth last year as low … [Read more...] about Gulf Oil expects reforms to boost auto sector in Budget
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People have been drawing comparisons of the current situation with 2003-2004 when there was the SARS epidemic. That had also led to a momentary hit on the economy of China and Hong Kong. This time also, we are seeing travel being curtailed and the tourism industry being hit. What sort of a hit do you expect on crude demand in China?As you mentioned, the comparison with SARS is natural but it is not completely comparable. From what we can see so far, it has been over a week since the outbreak started and is spreading rapidly in China. But it seems to be contained more or less in China. As for SARS, back in 2003 the spread was much more intense across the world than it is in the current situation. It may not be completely comparable. However, the impact on Chinese economy is unmistakable and there is a reason to be worried since it is like a double whammy for Chinese economy because it has already been suffering from the trade war with the US and the partial trade deal that was signed … [Read more...] about Recovery in oil prices may not be as quick and steep as the downslide: Vandana Hari
Players will no longer need to spend as much time grinding for loot, as they can now use the resources they pick up to improve their weapons at upgrade benches. This means that if players can’t find the most powerful weapons from chests, they can just upgrade the guns they do manage to find. … [Read more...] about Fortnite returns for Chapter 2 after disappearing into a ‘black hole’
"This process in turn yields chemicals called ketone bodies as an alternative source of fuel. When the body burns ketone bodies, tissue-protective gamma delta T-cells expand throughout the body," said Indian-origin researcher and study lead author Vishwa Deep Dixit. … [Read more...] about Keto Diet Works Best in Small Doses, Harmful in Long Run