Slowdown is almost entirely due to salaried persons



‘Unless income grows fast enough to outpace price inflation in services, which are in demand because of urbanisation, the consumption of industrially produced things will begin to slow down,’ says TCA Srinivasa Raghavan.



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Economy, trade are new megatonnage of strategic clout



‘When your economy is growing at 8 per cent or above, it is a case of what you might call saat khoon maaf (you can get away with seven murders). At 7 per cent, it becomes paanch (5) khoon maaf. But once your growth is 5 per cent, you are in a dodgy zone,’ says Shekhar Gupta.



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Ministry assures, India won't face any oil shortage



A massive drone strike on the world’s largest crude-processing facility operated by Saudi Arabia’s Aramco has driven oil prices to their highest level in nearly four months. The attack has knocked out over half of Saudi Arabia’s production as it cut 5.7 million barrels per day or over 5 per cent of the world’s supply.



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Harrowing times for Delhi-Istanbul IndiGo passengers



Because of strong headwinds on Delhi-Istanbul route for the last two days, the low-cost carrier has been unable to take most of the check-in luggage in the same aircraft along with passengers, said an airline spokesperson.



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