As India turns 74, citizens feel less optimistic about future: Survey

As India turns 74, a survey by LocalCirles reflects the citizens’ growing pessimism about the future of the country.

Expectations of the corruption levels falling and employment opportunities have taken a hit.

Citizens feel economic growth and prosperity in India will benefit only a select few, and that instead of jobs, they may have to rely on self-employment options for livelihood in the years to come.




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Covid-19 impact: United Breweries posts Q1 net loss of Rs 114.5 crore

Beer maker Ltd on Friday reported a consolidated net loss of Rs 114.50 crore for the first quarter ended June 30, on account of decline in sales due to the pandemic.

The company had posted a net profit of Rs 164.69 crore during the April-June quarter of the previous fiscal,Ltd (UBL) said in a regulatory filing.

Its revenue from operations slipped 73.17 per cent to Rs 1,262.82 crore during the quarter under review, as against Rs 4,708.42 crore in the corresponding period previous fiscal.

UBL’s total expenses declined 68.21 per cent to Rs 1,416.43 crore in Q1 FY21, compared to Rs 4,456.25 crore a year ago.

According to the company, “its peak season was adversely affected by the pandemic” asthe COVID-19 lockdown led to complete closure of all outlets.

“The primary volumes for the quarter in comparison to the corresponding quarter of the previous year were down 77 per cent,” said UBL.

Its revenue from beer segment fell 73.30 per cent to Rs 1,255.67 crore in the first quarter, as against Rs 4,702.92 crore in the year-ago period.

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Turkey Hits Out At France In Mediterranean Gas Crisis

Turkey on Friday accused France of acting like a bully and hit out at Greece as EU foreign ministers confronted an emerging crisis in the energy-rich eastern Mediterranean.

The search for oil and gas in disputed waters not far from Cyprus has pitted Turkey against its uneasy NATO ally Greece and the entire EU bloc.

Turkey’s decision to send a scientific vessel accompanied by a small navy fleet into the volatile region on Monday prompted Greece to dispatch in its own military assets to observe what was going on.

France on Thursday also announced it was “temporarily reinforcing” its presence in the eastern Mediterranean in support of Greece.

That only further hurt France’s relations with Turkey — already damaged by opposing approaches to the Libya conflict and other parts of the Middle East — and saw the diplomatic rhetoric rise another notch.

“France especially should avoid steps that will increase tensions,” Turkish Foreign Minister Mevlut Cavusoglu said on a visit to Switzerland.

“They will not get anywhere by acting like bullies, whether in Libya, the northeast of Syria, in Iraq or the Mediterranean.”

French President Emmanuel Macron retorted that his view on Libya and the Mediterranean were “convergent” to those

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