{"id":548953,"date":"2023-01-21T11:26:06","date_gmt":"2023-01-21T05:56:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=548953"},"modified":"2023-01-21T11:26:06","modified_gmt":"2023-01-21T05:56:06","slug":"why-govt-needs-to-oil-proof-indias-economy-and-promote-energy-security","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-govt-needs-to-oil-proof-indias-economy-and-promote-energy-security\/","title":{"rendered":"Why govt needs to oil-proof India&#8217;s economy and promote energy security"},"content":{"rendered":"<p>An RBI working paper has laid emphasis on the need to oil-proof India&#8217;s economy with a government policy that promotes energy security and sustainability as extreme changes in global crude oil price are transmitted to sectoral indices of the Indian stock markets.<\/p>\n<p>The paper titled &#8221;Measuring Contagion Effects of Crude Oil Prices on Sectoral Stock Price Indices in India&#8217; examined the asymmetric aspect of the contagion effect on sectoral indices and said that &#8220;Given India&#8217;s import dependence on crude oil and the observed co-exceedances, any negative stock may lead to a decline in market capitalisation and loss of wealth for investors.&#8221;<\/p>\n<p>&#8220;The paper used generalised Pareto distribution to distinguish normal return from excessive returns by determining threshold returns, and in turn, positive and negative excess returns, namely exceedances. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>An RBI working paper has laid emphasis on the need to oil-proof India&#8217;s economy with a government policy that promotes energy security and sustainability as extreme changes in global crude oil price are transmitted to sectoral indices of the Indian stock markets. The paper titled &#8221;Measuring Contagion Effects of Crude Oil Prices on Sectoral Stock Price Indices in India&#8217; examined the asymmetric aspect of the contagion effect on sectoral indices and said that &#8220;Given India&#8217;s import dependence on crude oil and the observed co-exceedances, any negative stock may lead to a decline in market capitalisation and loss of wealth for [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-548953","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=548953"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548953\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=548953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=548953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=548953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}