Market down when all factors are positive
Trade deal , War deal between US and Iran , Rupees Vs Dollar , No negative news from trump side.
#Nifty#Nifty50
@JioFiber@RelianceJio@JioCare@relianceindia@MyJio 12+ HOURS NO INTERNET, pushed to 3AM, ZERO accountability, and you call yourself India's #1 network?! YOU ARE DAYLIGHT ROBBERY. Taking THOUSANDS from middle class families and delivering GARBAGE. Shut this fraud company DOWN.
@JioFiber@RelianceJio 12+ HOURS of outage, pushed to 3AM, and all you send is a template apology?! Charging crores from customers and can't fix ONE fiber line. Absolute SCAM of a company. #JioDown#RelianceScam
@JioFiber@reliancejio you charged us premium prices to sit in the dark with ZERO internet since 3 PM! Now you have the AUDACITY to push it to TOMORROW 3 AM? 12+ hrs of outage and all we get C-P sorry Billionaires building rockets but can't fix a fiber line. PATHETIC. #JioDown
A fuel hike of 3% in India in comparison to 40%+ across the world is absolutely misleading.
And that is because our fuel prices never came down when they should have, and thus calculating the percentage from a "high base" is misleading.
Here is the 10-year chart of price increase across some neighbors and major economies to give a clear picture.
Magician for its own tricks in general shows something to watch so that , we see their one hand leg chair or something , but the magic actually happens somewhere.
People think it's because of SIR, EC etc. but magic is a single kb file inside EVM.
#Electiontresult2026
If we compare crude oil prices with 2014, then from 2014 mid to 2026 it should be 30-40% less to what we pay as consumers today.
Modi gov looted the consumers for 12 years and now within 1 month they are like what the ???
International crude prices have gone through the roof in the last 1 month from around 70 dollars/barrel to around 122 dollars/barrel. Consequently, petrol and diesel prices for consumers have gone up all over the world. Prices have increased by around 30%-50% in South East Asian countries, 30% in North American countries, 20% in Europe and 50% in African countries.
The Modi Government had two choices- either increase prices drastically for citizens of Bharat as all other nations have done or bear the brunt on its finances so that Indian citizen is insulated from international volatility.
Hon’ble Prime Minister @narendramodi Ji, in keeping with his Government’s commitment of last 4 years since the conflict in Russia-Ukraine started, decided to take a hit on its own finances again to safeguard the Indian citizen.
Government has taken a huge hit on it taxation revenues to ensure very high losses of oil companies (approximately 24 Rs/litre for petrol and 30 Rs/litre for diesel) at this time of sky high international prices are reduced. At the same time, export tax has been levied as international prices of petrol and diesel have skyrocketed and any refinery exporting to foreign nations will have to pay export tax. My gratitude to Hon’ble PM Narendra Modi Ji and Hon’ble FM @nsitharaman Ji for this very timely, bold and visionary decision!
You might see the government is suddenly obsessed with getting a gas pipe into your kitchen (PNG) instead of just delivering a cylinder (LPG). It actually comes down to a massive math problem we are trying to solve.
Most people think gas is just gas but they’re actually totally different chemicals. LPG is the stuff in the red cylinders (propane & butane) and is basically a scrap product. When we refine crude oil to make petrol and diesel, we only get a tiny sliver of LPG (about 3%).
Even though India has world-class refineries, we just can’t squeeze enough LPG out of a barrel of oil to feed 33 crore households. This forces us to import a staggering 60% of our LPG, mostly from the Middle East. If a war breaks out or a shipping lane like the Strait of Hormuz gets blocked, those cylinders stop showing up at your door as usual.
Natural Gas (which is then sent as PNG), on the other hand, is a primary fuel (mostly methane). We actually have plenty of it sitting in our own ground in India. While we still import some, we aren't nearly as dependent on the Middle East for it as we are for LPG.
By moving city folks onto pipelines, the government is essentially freeing up the limited supply of cylinders for rural villages where you can't easily dig pipes. It’s a huge logistical reshuffle to make sure a crisis in West Asia doesn't leave the masses unable to cook.
There's also another angle here. Countries like the US and Qatar don't even need refineries to get LPG, they just suck it straight out of massive "wet" gas wells. India doesn't have those specific types of wells. So, for us to keep using LPG, we have to keep buying expensive crude oil and hoping the 3% we get as a by-product is enough.
Over the long term, in hindsight, it was a losing game. Indian bureaucracy should have envisaged this and prepared in advance, esp. when Ujjwala Scheme more than doubled the number of LPG connections to ~32cr. That was a strategic mistake.
Switching to PNG is basically India’s way of saying that let's stop relying on a byproduct that we lack domestically and start using the methane (natural gas) we actually produce at home.
It’s safer, it’s underground (so it's harder to disrupt during a war), and it keeps the supply chain running even when global oil prices go crazy. For an average person, it’s the difference between waiting for a truck that might not come and having a tap that never runs dry.
Booked an Indane Gas LPG cylinder at 11.45 AM today and it was delivered at my doorstep by 2 30 pm without any extra cash or charges.
I asked the delivery guy, is there any shortage. He replied Nope.
Then I woke up.