It’s snowballing into a big crisis for India. Truck drivers are fleeing in hordes — around 85% have gone missing, according to industry estimates — abandoning their vehicles and jobs. It’ll damage India’s war on the pandemic, extracting a heavy price. The simmering crisis will cause a shortage of essential and non-essential goods, and will be inflationary. Dwindling remuneration and concerns about catching the virus, are among the many reasons for the disappearing act by drivers. It’s a complex problem.
The wheels of the economy can’t move without trucks

Free Read: Crude prices may have plummeted to new lows, but the benefits of the crash won’t reach India. The refiners and oil marketers can’t profit from a benign crude as there is no demand in the economy due to lockdown. In fact, they are facing margin squeeze and heavy inventory losses. Meanwhile, upstream companies stare at low realisation per barrel and 80%-90% dip in profit.
Crude-oil freefall is a double whammy for India

The lockdown was imposed at a time when iD Fresh Food logged its highest monthly sales numbers. PC Musthafa, CEO and co-founder of the food startup, had to decide whether to shut down temporarily or continue operations. Having opted for the latter, he shares his learning on coping with the crisis.
Crisis-time tips from a food startup founder