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ET Daily Rundown (ET Online)

Economy, Facebook, Maharashtra in hot waters!

03:20 Min | November 13, 2019, 6:17 PM IST
India's retail inflation figures have risen to 4.62% compared to last month's 3.99%. Facebook is launching Facebook Pay in the US but not in India, yet. Maharashtra awaits its new CM.
Transcript
Script: Rahul Aripaka, Deepshikha Rahi
Hosts: Kshitij Bhargava, Deepshikha Rahi
Producer: Deepshikha Rahi

You know what’s the worst thing

Is it about the economy?

Yeah, that too.

But I assume you have something else to tell, go ahead

Coming in to work when you’re sick

You could take a sick leave

Of course, I can

But?

But Air India employees can’t apparently

What really?

Yeah, Air India employees got fired because they called in sick

Well, it does raise suspicion when 230 employees call in sick

TWO HUNDRED? ON THE SAME DAY?

Yeah. Go figure.

Hello, I’m Deepshikha Rahi

And I’m Kshitij Bhargava, Welcome to ETs Daily Rundown

What could be even worse than that!

The economy (pause) GDP forecasts depict worrisome figures.

Both Nomura and SBI have pegged the second quarter GDP growth at 4.2%, way below the erstwhile 5% in the first quarter of the current fiscal.

Weren’t we hoping for a revival anytime sooner?

Seems like a distant dream. Two important indicators- the core sector and the IIP have contracted consecutively for two months straight.

Also, there is a shrink in the government’s fleet of electric cars

But didn’t they close the tender for 10,000 cars ?

They did but now the state-owned Energy Efficiency Services Limited’s (EESL) move to electrify government employees’ car fleet ended with procurement of just 3,000 cars

Also, no compensation for TATA Motors or Mahindra & Mahindra who were given the collective tenders.

Meanwhile, there’s a new payments system in town

Facebook is launching Facebook Pay in the States

But not in India, yet

Of course, they are already in hot water over the spying scandal

Don’t want to go making that worse

Plus, we have fan favourite GPay here

Listen, I’m done with Gpay, thing won’t give me scratch cards anymore.

At least you’re getting them here, in Tamil Nadu GPay scratch cards are banned

What? Why?

Because the state says they are a form of lottery

Wow

And, lottery, as you know is not legal.

Guess I’m never moving to Chennai, then.

Better than being in Mumbai though

Of course, all that political drama ain’t good for me

Now that the President’s rule has been imposed in the State

With the NCP-Congress-ShivSena faction unable to decide on a power sharing scheme

Well, the Sena want their poster boy - Aditya Thackrey - in the hot seat

But, obviously it’s not easy to put a first time politician there without ruffling some feathers

Of course. The recent meeting between Shiv Sena chief Uddhav Thackeray and Balasaheb Thorat, the Maharashtra congress chief along with other prominent leaders was a fruitful one, so they say.

While Uddhav Thackeray said the meeting was progressing in ‘the right direction’, Balasaheb Thorat said the meeting itself was a positive development.

In another news, the Supreme Court verdict disqualified the 17 Congress-JDS MLAs over their absence and resignation that had earlier led to the fall of Congress-JD(S) coalition government. However it has allowed them to fight the bypolls in December.

The markets have sulked today with SENSEX dropping 229 points while NIFTY stood at 11, 840 down by 73 points.

That’s all folks, for more news, views and cues, log on to economictimes.com

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