Amritsar: IIM Amritsar awarded MBA degrees to its fourth (2018-2020) and fifth batch (2019-21) of 106 and 146 students, respectively, in the joint convocation ceremony held on 29th May 2021 in virtual mode. The students received MBA degrees on the recommendation of the academic council as per the IIM Act 2017.
The fifth batch of IIM Amritsar had the largest batch size among the third generation IIMs. Both batches witnessed a changing landscape of education and job market on account of the pandemic situation in the country. Notwithstanding the uncertainties posed by the pandemic, the fourth and fifth batch of IIM Amritsar successfully concluded their placements and, at the same time, excelled at academics.
India’s oil industry struggles to predict demand recovery in pandemic
Indian energy demand is taking a big hit as Covid-19 runs rampant across the country. But uncertainty around when the virus wave will subside and the lack of a unified government response has left the oil industry in the dark as to how quickly consumption might pick up again.
The demand destruction over the last couple of months has been less severe than last year, when the government imposed the world’s biggest national lockdown. However, the lack of a coordinated effort to shut down activity to halt the virus’s spread will likely lead to a longer, although less pronounced, economic slump.
Read more about India s oil industry struggles to predict demand recovery in pandemic on Business Standard. Diesel and gasoline, which account for more than half of oil consumption in India, are bearing the brunt of lockdowns.
by Bloomberg
|Thursday, May 27, 2021
Indian energy demand is taking a big hit as Covid-19 runs rampant across the country.
(Bloomberg) Indian energy demand is taking a big hit as Covid-19 runs rampant across the country. But uncertainty around when the virus wave will subside and the lack of a unified government response has left the oil industry in the dark as to how quickly consumption might pick up again.
The demand destruction over the last couple of months has been less severe than last year, when the government imposed the world’s biggest national lockdown. However, the lack of a coordinated effort to shut down activity to halt the virus’s spread will likely lead to a longer, although less pronounced, economic slump.
India s oil industry struggles to predict when demand will recover
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India s oil industry struggles to predict when demand will recoverBy Saket Sundria and Debjit Chakraborty, Bloomberg
Last Updated: May 27, 2021, 09:58 AM IST
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Synopsis
This time it s not as bad as April 2020, when demand nearly halved. This time round, more factories have remained open and cargo movements between states haven’t been as badly affected. Even so, around 65% of India’s truck fleet is idle due to weak demand and a shortage of drivers, with localised restrictions creating hurdles to truck movement.
Regional lockdowns and periodic announcements are making things difficult to predict.