Discover and read the best of Twitter Threads about #mintprimer

Most recents (6)

#MintPrimer | On 1 May, treasury secretary Janet Yellen sent a letter to the US Congress saying that on 1 June the government is likely to run out of money.

With the government currently breaching its debt ceiling, the situation has become parlous.

Mint explains what’s… twitter.com/i/web/status/1… Image
#MintPrimer | There is a limit set to how much the US government can borrow to meet its legal obligations, which include paying interest on its debt and paying military salaries, tax refunds, and social security, etc.

Read here: livemint.com/news/world/us-… Image
#MintPrimer | Around the world, almost all governments spend more than they earn. This difference is known as the fiscal deficit and is financed through taking on debt.

Read here: livemint.com/news/world/us-… Image
Read 6 tweets
#MintPrimer | Demand for refined #petroleum products hit a record in FY23, led by transportation fuel.

The Petroleum Planning & Analysis Cell (PPAC) said consumption reached 222.30 million tonnes in the last fiscal.

Mint explains this spike: livemint.com/industry/energ… Image
#MintPrimer | The 222.30 million tonnes of petroleum products consumed in FY23 was 10.2% higher than the year before. The previous record for consumption came in FY20 at 214.13 million tonnes.

Read here: livemint.com/industry/energ… Image
#MintPrimer | The increase in consumption of #petrol, #diesel & jet fuel during FY23 came on the back of growth in industrial activity & travel.

These activities recovered after slowing down in the previous two fiscals because of the pandemic.

Read here: livemint.com/industry/energ… Image
Read 7 tweets
#MintPrimer | Tamil Nadu has banned online #gambling, rekindling a campaign against #gaming firms in India that has raged for over a year-and-a-half.

Mint explains the controversy: livemint.com/companies/news… Image
#MintPrimer | After much back-and-forth the #TamilNadu Prohibition of Online Gambling and Regulation of Online Games Ordinance was passed on 10 April.

The bill seeks to prohibit online gambling, its promotion through advertising, and more.

Read here: livemint.com/companies/news… Image
#MintPrimer | Since India’s constitution says that a Supreme Court ruling becomes law of the land, gaming firms argue that the Tamil Nadu ordinance runs against the constitution.

Read here: livemint.com/companies/news… Image
Read 6 tweets
#MintPrimer | Russia's partial mobilization of reservists, announced on Wednesday by President Vladimir Putin, makes it clear that the war in Ukraine is far from over.

(@MattooShashank reports)

Read here: livemint.com/politics/news/… Image
#MintPrimer | Russia's defence minister estimates that around 300,000 soldiers will be called into service in the first wave of mobilization.

Read here: livemint.com/politics/news/… Image
#MintPrimer | Ukrainian President Zelensky's troops have taken back territory in northeastern and southern Ukraine.

Read here: livemint.com/politics/news/… Image
Read 6 tweets
#MintPrimer | Federal think tank NITI Aayog is holding a consultation on the upcoming electric vehicle (EV) battery swapping policy on Friday. Battery-as-a-service (BaaS) is seen as a viable charging alternative.

(By @Alisha2494) | Read: bit.ly/3s0PFZ4
#MitPrimer | Manufacturers can sell EVs in two forms: Vehicles with fixed or removable batteries and vehicles with batteries on lease.

(By @Alisha2494) | Read: bit.ly/3s0PFZ4
#MintPrimer | There are economic and operational constraints. Energy service providers offering swapping solutions have to charge 18% goods and services tax (GST) for swapping, compared to 5% GST on the purchase of an EV.

Read: livemint.com/auto-news/is-b…
Read 5 tweets
#MintPrimer | Jio Platforms has launched a venture with European satellite-based company SES to enter the satellite internet space.

With this, the top two telecom operators in India are exploring satellite services | bit.ly/3oTwazs

(By @undertecher & @distantvicinity) Image
#MintPrimer | Militaries across the world have depended on satellite communications for a long time. However, many military experts, too, consider this form to be unreliable and too expensive to be made the sole communication medium.

Read: bit.ly/3oTwazs Image
#MintPrimer | The applications and the power of satellite internet are often exaggerated. In reality, these networks have limitations, the biggest being high latency and low bandwidths

Read: bit.ly/3oTwazs Image
Read 5 tweets

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