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A must for all SSB Candidates Falling Oil Prices. How does it affect India

                          PROBLEM OF PLENTY

Falling oil is a mixed bag for the world and India. Here’s why.

oil dropWHY ARE OIL PRICES FALLING?
Prospects of rising Iranian exports after the UN lifted sanction against the country during the weekend.
Global markets are already reeling from chronic oversupply

GOOD NEWS FOR INDIA
for every $1 decrease in crude prices…
India’s import bill decreases by Rs 6,500 cr.
Govt’s subsidy burden is reduced by R900 cr
India imports almost 80% of its crude oil requirements
If average price goes down, the government saves a lot
This brings down trade deficit, helps cool off inflation

AND THE BAD
Too much decline in crude prices impacts global trade
This pulls down investment demand globally
It also hits exports

 

 

 

godown

266.67pts (1.09%)            Fall in the sensex on Monday. Tracking equities, the rupee also declined 9 paise to end at 67.68 against the US dollar

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Er. Hartaj
Er. HartaJ is one of the main Instructors and a part of the team At NCA. He himself has cleared the SSB process thrice, but as per his grandfather's Late Lt. Col H.S.Dhaliwal Wish he is continuing teaching and making officers. Been associated with New Careers Academy for the last 8 years, he also has been succefull in making Second and Third Generation Of officers. Once Taught by his Grandfather and Father Capt. Dhaliwal. He is know all across with students for the way he teaches and he is more of a role model for them .
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