Read daily news briefs on economic issues collected from different sources.
The internal assessment by the finance ministry finds that the balance of payment (BoP) is likely to show a deficit of $45-50 billion in the current fiscal year. This may put pressure on the rupee further. [ET]
Despite the sanction on Russia, India will continue to buy oil from Russia. This decision has been taken to ensure energy security for Indian consumers. [BL]
Dunzo, a quick commerce platform has started delivering books to expand its business beyond delivering fruits and vegetables. [BL]
Twitter users reached the all-time high under Elon Musk’s leadership of the company. [BS]
