No Fathers In Kashmir
U/A: Drama
Dir: Ashvin Kumar
Cast: Kulbhushan Kharbanda, Soni Razdan, Zara La Peta
Ratings: 

So grim and unnatural are the goings-on in Kashmir, that it's almost hard to find yourself not questioning the films that claim to mirror the realities in the Valley. Ashvin Kumar's No Fathers In Kashmir is empathetic in its approach, but critiques the militarisation in the state. Kumar narrates the story through the eyes of Noor, a teenager oblivious to the situation in the Valley.

Like those of her kind, she continues to showcase her life on social media, ever so often posing with a terrorist because... Well, why not? Unaware of the repercussions of her actions, Noor eventually stumbles upon some harsh truths pertaining to her family. Her father, Basheer was picked up by the Army, and never returned. The more she delves into the details, the more the skeletons she finds in the closet - literally!

Kumar uses Noor's naïvety to explore the plot from the perspective of a third person, elucidating how Kashmir's normal is actually bizarre, claustrophobic and heartbreakingly inhuman. At the crux of the film is an innocent love story involving Noor and Majid, who bond over their unfortunate but common fate as both their fathers were taken away by the Army.

Lucidly shot, and wonderfully executed, the film seems to evade the point that it attempts to make at first, but is more aligned post-interval. Shots involving the goings-on in interrogation rooms, graves that see militants dumped in masses, and the common sighting of stray dogs roaming around with severed parts of the human body, successfully invoke the fear that the makers desire. It's a matter that should most certainly be discussed in mainstream media.

To drive home this point, Kumar successfully highlights the effects of the situation on children when he showcases one kid elaborating on the difference between a terrorist and a militant, to his friend, and attempts to state how those perceived as enemies of the state, have clarity of intention in their heart. The actors are perfect, especially the children.

Kumar's film, however, isn't without loopholes. But you are willing to let them pass because the film makes a brave point - no one deserves to be woken up in the midst of the night by the resounding noise of bullets. Can this be rectified? The film makes an earnest plea, urging us to do our best.

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Crude oil prices crashed more than 30% on Monday.

In fact, this was the worst price dip since the 1991 Gulf War as Brent prices plunged to US$ 31 per barrel.

Here are 10 key things you need to know about the economics of falling crude oil prices:

1. Oil prices have collapsed thrice because of demand destruction: in 1979, 2008, and 2014.

   1979: The trigger for oil price increase was the Iranian Revolution and the Iran-Iraq war. Due to this, oil prices rose from US$ 50/barrel to above US$ 100/barrel between January 1979 and April 1981. Then, new production from the North Sea, Mexico, Alaska, and Siberia flooded the market. By March 1986, prices had fallen to US$ 27/barrel.

   2008: Oil touched US$ 150/barrel and was quickly followed by the financial crisis and recession which led to crash in crude oil prices as well.

   2011-2014: Oil was above of US$ 100/barrel, several years of triple-digit oil prices led to a near doubling of shale production in the US, a volume that helped trigger the crash in 2014.

2. 2016: Saudi Arabia and Russia came together to form the so-called OPEC+ alliance after oil prices plunged to US$ 30 a barrel. Since then, the two leading exporters have orchestrated supply cuts of 2.1 million barrels per day.
3. 2019: Prices went on to witness huge volatility in 2019 amid declines in US inventories and rising geopolitical tensions in the Middle East and the world's two biggest oil consumers - United States and China.
4. July 2019: The OPEC and allies sat to discuss whether to extend a deal on cutting 1.2 million barrels per day of oil production. Owing to the above geopolitical tensions, weaker demand outlook, and oversupplied market, the OPEC and allies rolled over their production cuts into March 2020. Volatility intensified further in July after US oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.
5. March 2020: Saudi Arabia wants to increase the cuts to 3.6 million barrels per day through 2020 to check the weaker consumption. However, Russian President Vladimir Putin, refused to go along with the plan and his energy minister, Alexander Novak signaled a fierce battle to come for market share when he said countries could produce as much as they please from April 1.
6. 9^th March 2020: Crude oil prices fell 31% on Monday after Saudi Arabia launched an oil price war with Russia. Saudi Arabia slashed prices and said it is preparing for a big increase in crude oil production in April. Prices were cut by US$ 4-6 a barrel to Asia and US$ 7 to the United States for April delivery. Saudi Arabia reportedly prepares to increase its crude production above 10 million barrels per day (bpd) in April, after the current deal to curb production expires at the end of March. A major reason for these production cuts is also to arrest the swooning oil prices owing to the novel Coronavirus outbreak.
7. Worse than the Previous Crashes: The current situation is more worse than the November 2014 crash, when such a price war was started, as it comes to a head with the significant collapse in oil demand due to the Coronavirus outbreak. It also reflects the deep underlying concern of a lack of consensus among the OPEC nations regarding production cuts.
8. Impact on Indian Economy: The drop in crude oil price bodes well for India as it imports more than 80% of its oil requirements, with nearly 60% of them imported from the Middle East. Since oil imports form a large chunk of India's imports, it contributes to the country's trade deficit and a fall in prices will trim this deficit. Savings on oil imports could also arrest rising inflation and facilitate the next round of rate cuts by the Reserve Bank of India (RBI).
9. Industries to Benefit: On an industrial level, the price cut will have a beneficial impact on companies from synthetic fibre producers, tyre, paints, lubricants, plastic, and FMCG sectors that depend on crude oil as their primary raw material.
10. On the consumer level, there could be a fall in retail prices of gasoline and diesel over the next few weeks as oil companies cut retail prices to pass on the decline in crude oil prices.

Going ahead, market participants are expecting crude oil prices to remain low until OPEC+ resets oil production again.

Vijay Bhambwani, editor of Weekly Cash Alerts at Equitymaster, states that at this point in time, short selling natural gas & crude oil at significantly higher levels for the coming summer are high conviction trades. To know more about his view and positions, you can check out his recent article here: Energy Markets Get Muddy (requires subscription).

He's also shared his views on the ongoing "coronavirus" situation where he talks what's around the corner for crude oil, and how one should position oneself for potential gains. You can check this special podcast episode from Investor Hour here:

Well, then...these are some major highlights crude oil markets witnessed in the past and present and how they have been impacting crude oil prices.

A clip of the Canadian Prime Minister Justin Trudeau addressing the nation from his home in Ottawa as a part of a press conference has gone viral. It shows him doing a hair flip after some strands of his mane fell in front of his eyes due to the wind that got netizens swooning over him!

The clip went viral on many social media platforms, but one posted by a Facebook user Jason Hanson is the one that is being shared the most. The user has edited the clip in which Trudeau stands in front of a microphone and added a melodious background tune at the portion where he looks at the camera and flips his hair with the back of his hand in slow motion.

The clip, posted on the social networking app on April 19 garnered more than 5.6 million views and over 135,000 likes. It was shared on Facebook more than 182,000 times. The users commenting on the post lauded the creativity of the user with tons of hilarious reactions.

One user said, "The fact that this isn’t staged and genuinely how he looks fixing his hair in slomo." Another user  called the prime minister "charming." A user said, "Who can criticize this kind of leadership?"

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The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount.

Governments should set prudent debt targets to ensure that public finances serve to promote economic growth and stability, according to new OECD research.

Exports of (bop) - Crude Oil and Crude Bitumen in Canada decreased to 6305.10 CAD Million in March from 6551.20 CAD Million in February of 2020. Exports of (bop) - Crude Oil and Crude Bitumen in Canada averaged 2866.61 CAD Million from 1988 until 2020, reaching an all time high of 8640.80 CAD Million in May of 2014 and a record low of 277.10 CAD Million in November of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Crude Oil And Crude Bitumen.

Crude Oil Rigs in Iraq decreased to 58 in April from 61 in March of 2020. Crude Oil Rigs in Iraq averaged 45.70 from 2009 until 2020, reaching an all time high of 96 in June of 2014 and a record low of 0 in June of 2009. This page provides - Iraq Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.

This update report by the IMF and the OECD was delivered to G20 in February 2016.

Crude Oil Rigs in Angola increased to 7 in April from 6 in March of 2020. Crude Oil Rigs in Angola averaged 6.32 from 1995 until 2020, reaching an all time high of 18 in February of 2014 and a record low of 1 in January of 2000. This page provides - Angola Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This paper looks at macro-prudential policies in the light of empirical evidence on the determinants of bank systemic risk, and the effectiveness of capital controls. It concludes that complexity and interdependence is such that care should be taken in implementing macro-prudential policies until much more is understood about these issues.

This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.

This paper surveys recent international developments concerning the prudential regulation of financial institutions: banks, the shadow banking system and insurance companies. It concludes that, while substantial progress has been made, the global economy nevertheless remains vulnerable to possible future financial instability.