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Mar 27 6 tweets 4 min read
#MintPlainFacts | Regulators and policymakers are alarmed about the gold loan market, with the RBI restricting IIFL Finance and the finance ministry urging banks to review their gold loan portfolios due to concerns about collateral adequacy and repayment methods.

Read here: read.ht/SUnpImage #MintPlainFacts | Gold loans, once a mainstay of mainly NBFCs, soared during covid, which affected life in India from March 2020 onwards, and its aftermath.

Read here: read.ht/SUnp
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Feb 13 6 tweets 4 min read
#MintPrimer | Farmers have laid siege to European cities with tractors protesting subsidy cuts, cheap imports, high energy prices & imposition of green policies. In India, farmers are preparing for another showdown. What’s going on? Is there a common thread ? Mint explains

Read here: read.ht/Rwi8Image #MintPrimer | Beginning January, farmers from several member-nations of EU invaded cities with their tractors, burning tyres, dumping manure, raiding supermarkets, blocking access to ports and highways and choking city centres.

Read here: read.ht/Rwi8
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May 15, 2023 6 tweets 5 min read
#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
May 15, 2023 4 tweets 4 min read
#MintLongStory | Produced by over 80 million rural families, milk is the largest farm product valued at close to ₹10 trillion annually, as per official estimates.

Read here: livemint.com/news/india/the… Image #MintLongStory | The bulk of loss-making cooperatives—55 out of 95 unions—were from Uttar Pradesh, the largest #milk producing state.

Read here: livemint.com/news/india/the… Image
May 15, 2023 4 tweets 4 min read
#MintPlainFacts | The verdict of the #KarnatakaAssemblyElections on Saturday gives all key actors plenty to think about.

Read here: livemint.com/elections/opin… Image #MintPlainFacts | With the loss of #Karnataka, the #BJP now has chief ministers in nine states, compared with 11 back then. The party’s count of Assembly seats has dropped from 1,364 in May 2019 to 1,304 now.

Read here: livemint.com/elections/opin… ImageImage
May 15, 2023 6 tweets 4 min read
🗞 In Mint today:

🛂 Visa woes force Indian IT companies to hire locally in US

💰 Adani revives capex plans for new businesses

🥛 Is there room for a dairy behemoth?

🇺🇸 How serious is the US about its debt ceiling?

🗂You can own a piece of your office now

🧵👇 Indian IT companies have been forced to seek an alternative staffing route. They are starting to hire locally in important markets such as the US due to delays in visas for their Indian hires, report @DevinaSengupta and @VaruniKhosla:
livemint.com/news/india/ind…
Apr 14, 2023 7 tweets 7 min read
#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
Apr 14, 2023 4 tweets 4 min read
#MintLongStory | Indians have taken a liking to made-in-India single malts. But brands are struggling with supply and taxation troubles.

(@sayantanbera writes)

Read here: livemint.com/news/india/ind… Image #MintLongStory | The global market held a promise beyond the over-regulated, complex and heavily taxed domestic market in India. The international accolades, in turn, helped shore up domestic sales.

Read here: livemint.com/news/india/ind… Image
Apr 14, 2023 6 tweets 6 min read
#MintPlainFacts | Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.

Read here: livemint.com/industry/retai… Image #MintPlainFacts | India’s retail #inflation eased to a 15-month low of 5.66% in March, data released on Wednesday showed.

This is the first time in three months that inflation has come in below #RBI's upper tolerance limit of 6%.

Read here: livemint.com/industry/retai… Image
Apr 14, 2023 6 tweets 3 min read
🗞 In Mint today:

🚗 Should you buy a car or continue with Uber?

📡 Comcast makes a big bet in India

🥃 India's burgeoning single malt industry

⛽️ What's behind the surge in demand for petrol?

❄️ Startup funding winter shows signs of easing

🧵👇 What makes more financial sense — buying a new car, or continuing to rely on ride-hailing services for cabs such as Uber, Ola, and Rapido? @rohatgi_akshat and @ActusDei did the math so do you don't have to:
livemint.com/money/personal…
Apr 13, 2023 6 tweets 6 min read
#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
Apr 13, 2023 6 tweets 6 min read
#MintPlainFacts | A Mint analysis of 320 #startups pitched on the show examines to what extent they reflect the reality of India’s entrepreneurial landscape.

Read here: livemint.com/companies/star… Image #MintPlainFacts | Over 40% of the pitches have been in the fast-moving consumer goods (#FMCG) space, and 18% in beauty and fashion, the analysis showed.

Read here: livemint.com/companies/star… Image
Apr 13, 2023 4 tweets 4 min read
#MintLongStory | Psychotherapists play a critical role in helping people overcome their mental issues.

Lack of regulation apart, counselling psychology has no standard curriculum & training varies from college to college.

Read here: livemint.com/news/india/ind… Image #MintLongStory | Almost a decade ago, in 2015-16, a National Mental Health Survey estimated that 13.7% of Indians aged 18 years or above — roughly 150 million people — suffered from common to severe mental disorders at some point in their life.

Read here: livemint.com/news/india/ind… Image
Apr 13, 2023 6 tweets 3 min read
🗞 In Mint today:

🦈 Shark Tank and India's startup story — in 5️⃣ charts

🎰 End of online gambling in TN?

👎 TCS reeling from clients' cost cutting decisions

🗣 Why you can't find the right therapist

🤔 Will new cap on expense limits in insurance benefit policy buyers?

🧵👇 A Mint analysis of 320 startups pitched on the show examines to what extent they reflect the reality of India’s entrepreneurial landscape, illustrated by Surbhi Bhatia:
livemint.com/companies/star…
Sep 23, 2022 4 tweets 4 min read
#MintLongStory | What's behind the mid-market hotel chain's transformation into an asset-lite company?

(@VaruniKhosla reports)

Read here: livemint.com/companies/news… Image #MintLongStory | The company owns around 5,100 rooms of the 8,300 rooms in its portfolio currently. It has now set itself an ambitious target of operating 20,000 rooms in the next five years, in line with Chairman Keswani's vision.

Read here: livemint.com/companies/news… Image
Sep 23, 2022 9 tweets 7 min read
#MintPlainFacts | Billionaire Gautam Adani has pledged his entire stake in Ambuja Cements Ltd and ACC Ltd to foreign banks.

(Pragya Srivastava reports)

Read here: livemint.com/economy/data-r… Image #MintPlainFacts | Interest rate hikes by the US Federal Reserve have been a key reason for the weakening of the rupee.

Read here: livemint.com/economy/data-r… Image
Sep 23, 2022 6 tweets 5 min read
#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
Sep 23, 2022 12 tweets 7 min read
🗞️In Mint today:

📱New telecom bill, Vodafone advantage
↔️ Resilience of Indian stock mkt
💸New foreign trade policy
🪖Russia's mobilisation explained
🏨 The new avatar of Lemon Tree
🎓Your guide to education loans

A 🧵by @TauseefShahidi The telecom draft bill, released on Wed, can benefit Vodafone Idea, which is unable to pay its vendors. The changes proposed relate to waiver of fees, charges and penalties; and writing off payments that run into default, reports @gulveenaulakh_

livemint.com/industry/telec…
Feb 19, 2022 5 tweets 5 min read
#PersonalFinance | NRIs and foreign investors enjoy low tax rates on investments made in the International Financial Services Centre (IFSC) in the Gujarat International Finance Tec-City (GIFT) located at Gandhinagar, Gujarat.

(By @SatyaSontanam) | bit.ly/3sPpoMp #PersonalFinance |Legally, the IFSC is considered a jurisdiction separate from the rest of India, that provides financial services in foreign currency.

(By @SatyaSontanam) | bit.ly/3sPpoMp
Feb 18, 2022 5 tweets 4 min read
#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
Feb 18, 2022 7 tweets 7 min read
#MintPlainFacts | This week we look at the much-anticipated public offer of #LifeInsuranceCorporation of India, the voter turnouts in the ongoing state polls, and the political narratives being forged on Wikipedia’s pages

(By @TanaySukumar) | Read: bit.ly/34IAlHK #MintPlainFacts | Project inaugurations during electoral campaigns are all about timing. Uttar Pradesh completed a record ₹53,162 crore worth of infrastructure projects in the Dec quarter, a recent Mint analysis showed.

(By @TanaySukumar) | Read: bit.ly/34IAlHK