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Russia-Ukraine Conflict & It’s Potential Impacts on India

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Shashwat Mishra – Mumbai Uncensored, 24th February 2022

Amidst the ongoing tension between Russia-Ukraine, there is a sense of uncertainty and unpredictability among countries other than those who are actively involved in the said dispute. The ongoing situation begs a question that, what could be the potential impact on India if at all Russia-Ukraine conflict leads to more hostility and enmity between the two countries? The following ramifications may arise due to the above conflict:

Price Rise of Natural Gas

Due to the ongoing conflict between Russia-Ukraine the price of Brent crude oil has reached to 96.7$ per barrel, this is the highest since September, 2014. Russia, as we know is one of the biggest producers in the world when it comes to crude oil, the current crisis may further shoot up the price to 100$ per barrel. The following factor will have a spillover effect on the global GDP levels as well. A recent report by JP Morgan reveals that rise in global oil prices to 150$ per barrel would reduce the global GDP growth to just 0.9 per cent. 

Rise in Petrol-Diesel Prices

It has been seen in the past that a rise in crude oil prices have had a direct impact on petrol-diesel prices wherein there is a rise in Petrol-Diesel prices. India saw a record rise in the petrol-diesel prices in the year 2021. The Russia-Ukraine conflict could lead to a rise in fuel prices in India, it is pertinent to note here that about 25% of India’s imports comprises importing Oil and 80% of India’s oil requirement is dependent upon imports. A rise in fuel prices will also affect the current account deficit. 

A Potential Rise in Wheat Prices

If the ongoing conflict between Russia-Ukraine intensifies, foreign policy experts fear that it could have an interruption in the flow of food grains from the Black Sea region, and the same may further lead to inflated food prices. The said impact is also being speculated as the two countries, i.e. Russia and Ukraine are one of the top exporters of wheat in the world. 

Investor Sentiments & Market Behavior 

The animosity between the two countries could lead to a sluggish investor sentiment, as such incidents lead to an environment of uncertainty, and uncertainty in any market can never lead to growth, as different economies around the world benefit from healthy investor sentiment and an environment of certainty.

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Aditya Bharti : Face behind GoCleaners and GoRealtors

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Khushi Thawani, Mumbai Uncensored, 18th January, 2023:

As Aristotle said, Excellence is not an act but a habit. It involves a lot of effort, tenacity, research, sacrifice, and, most importantly, passion for the task at hand. Although the founder of GoCleaners, Aditya Bharti, had never heard of this proverb, he was working on it as though it were his personal mission statement.

Initially, he didn’t launch with a significant setup. He also had no idea that what he was about to do in the home cleaning services industry would one day be so intrusive that it would upend some of the established businesses in hyperlocal markets. This is especially true given that he had modest beginning and lacked the high-end funding that his rivals did.

This business was founded by Aditya 1 and a half years back and he has already achieved wonders in the sector. He was later joined by two co-founders Anup and Shivam. Aditya was working at a real estate company at the time, and Anup was employed for the renowned Urban Company, a provider of home cleaning services. Shivam wasn’t working at the time. They weren’t your usual IITians or IIM grads who were surrounded by money and plethora of opportunities. But hey, they already knew that. They therefore already began looking for that initial pool of capital.

GoCleaners was Aditya’s idea; it was memorable and expressed exactly what they wanted to convey to any visitors to their website. They put together roughly Rs. 1 lakh and set out on their voyage, learning more about where life would lead them little by little. Aditya used to receive the orders, while Shivam and Anup used to deliver the jobs.

From Anup’s background, they were aware that although the businesses were benefitting from the services provided, the service providers who worked with them were not really pleased with their policies. The service providers frequently encountered a lack of collaboration between the personnel overseeing them, and had to pay for their credit in order to receive a work, and occasionally had to foot the bill for the chemicals. They had a lot of room to grow and explore in an untapped sector. Aditya and his team, like the majority of disruptors, struggled to keep up with the speed of funding needed because they were aware of the issue but lacked the resources to address it.

They were running out of labour, equipment, and chemicals on a regular basis. H “Many people came up with different psychologies and ideas but I was sure of what I had to do to execute and push things further ahead. I had a clear image built up in my head. I sincerely recommend anyone who wishes to start out on their own – first research the problem and start developing the best solution for it. Don’t jump in blind, your path will then be laden with unforeseen problems and under-researched quick fixes which is a sure-shot recipe for failure.”is parents were quite encouraging. In order to keep them back on course and make sure they didn’t veer off the course they had set for themselves, his mother loaned him every piece of jewellery she owned.

The encouragement from his mother worked. They got started in a way that established the bar for success. Anup and Shivam, the team’s co-founders, are joined by 16 other members so far, all of them are specialists who complete tasks. They have successfully impacted the important Mumbai suburbs of Andheri, Goregaon, and Vile Parle, among others, and receive a steady stream of orders from these areas, the majority of which are client references.

Aditya is aware that this is only the start. With such a strong team, they still have more benchmarks to reach, and Aditya hopes to create a unified platform for all varieties of professional services.

He acknowledges that the travel was a crucial period in his life and that it kept him inspired to continue. Every day was different; some were really productive, while others were the pits. To manage both the tasks and obligations of his profession, he first had to make adjustments to himself and his daily schedule. When Aditya thinks back today, he recalls the period when he had considered quitting school, but his friend Shivam and his family encouraged him, giving him hope that he might achieve his goal.

Aditya responds to the question, what is the one thing you remember doing that you realise was the most crucial step of your journey? replying “Many people came up with different psychologies and ideas but I was sure of what I had to do to execute and push things further ahead. I had a clear image built up in my head. I sincerely recommend anyone who wishes to start out on their own – first research the problem and start developing the best solution for it. Don’t jump in blind, your path will then be laden with unforeseen problems and under-researched quick fixes which is a sure-shot recipe for failure.”

Not only this the start-up king has invested himself in yet another idea called Go realtors, where he and his team help sellers, buyers and investors with the best possible tips and provide other services related to real estate, considering Aditya’s prior experience in the same sector. He seems unstoppable with the ideas and his ‘ace it all’ mindset.

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Bhiwandi building collapse leaves seven people injured in Mumbai

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Khushi Thapa, Mumbai Uncensored, 19th July 2022:

An investigation has shown that seven people were hurt when a ground plus one-story building fell in Bhiwandi on Tuesday, July 19.

The tragedy happened at 7 am at the Mobin Masters building, which was first constructed as a power loom unit with a first floor intended for residential use.

In the wee hours of Tuesday, the neighbors heard a big crash, and they immediately raced to help.

Six of the seven injured were transported and given first aid at Bhiwandi’s Indira Gandhi Memorial Hospital. In a private hospital in Bhiwandi, only one man who has injuries to his abdomen and leg is still a patient.

The room next to the stated structure, which was situated in Bhiwandi’s Pajarapool neighborhood next to the Nishan Hotel, was home to about 6 laborers.

The Bhiwandi Fire brigade received a report at around 7:20 am, and two fire engines immediately raced to the scene. Later, representatives of the local civic organization arrived.

The reports stated the structure was demolished and designated “hazardous” by the Bhiwandi Nizampur City Municipal Corporation (BNCMC) over five years ago. The building did, however, collapse into a nearby chawl, injuring people.

As soon as the villagers arrived at the scene, they began freeing people trapped in the rubble. Danish, a young child, was totally entangled in the rubble. They managed to pull him out safely with the help of the fire brigade.

A local expressed dissatisfaction about the lack of resources and prompt action, claiming that initially, only one ambulance was available and that it was despatched with four injured people. Later, assistance from the fire department and local authorities arrived. We enlisted the assistance of the fire department to rescue the young victim as well as another child who had sustained the most serious injuries.

Given that the structure is close to 30 to 35 years old, the required safety precautions were taken to empty it. However, unauthorized encampments encroached on the vacant land next to the structure. According to a BNCMC representative, people living in the chawls also took a life-threatening risk.

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Passenger volume at Mumbai airport rises 132% in the first half of 2022

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Khushi Thapa, 18th July 2022:

In the first half of 2022, passengers at Mumbai’s Chhatrapati Shivaji Maharaj International Airport increased 132% year over year to 16.84 million, according to the private airport operator.

According to a statement from the Adani Group, the increase in travel demand at CSMIA (Chhatrapati Shivaji Maharaj International Airport) mainly was caused by the volume of domestic passengers as well as operations for chartered services.

The airport handled 3.48 million international passengers and 13.36 million domestic passengers over the period, representing an increase of 97% over the international passenger volume held during the same period the previous year, it added.

The airport handled about 1,30,000 flight movements between domestic and foreign destinations in the first half of the calendar year 2022, the report stated.

As per CSMIA, out of these, there were 97,460 flights on domestic lines and 24,910 flights on international routes.

According to the airport manager, Mumbai’s operations on the routes Abu Dhabi, Najaf, Phuket, Warsaw, Hanoi, and Ho Chi Minh City will begin in January–June 2022. According to the statement, CSMIA assisted in transporting 17,552 passengers through the General Aviation Terminal (GA terminal), of which 15,588 were domestic passengers and 1,964 were foreign travelers.

The airport operator said Mumbai’s operations on the routes Abu Dhabi, Najaf, Phuket, Warsaw, Hanoi, and Ho Chi Minh City will begin in January–June 2022. According to the statement, CSMIA assisted in transporting 17,552 passengers through the General Aviation Terminal (GA terminal), of which 15,588 were domestic passengers and 1,964 were foreign travelers.

As per CSMIA, the GA terminal saw a total of 3,432 arrivals and 3,446 departures during the first two quarters of CY 2022, which saw a total of 6,878 airplane movements.

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