Inflation has soared to new heights, with the April consumer price index (CPI) showing prices shooting up 7.8%. Wholesale price inflation in March was a whopping 14.5%. Prices were already rising at the start of 2022, and the Russian invasion […]
Industrial commodity prices are dropping, not rising any more, due to recession Read More »
India’s position has fallen from 142 to 150 out of 180 countries in the World Press Freedom Index for 2022 of Reporters Without Borders. India’s position on the Index was a terrible 140 even before the BJP came to office
How rise of low-cost guerilla media aids press freedom Read More »
Many Indians smirk at the ousting of Imran Khan as prime minister in Pakistan, and the coming dismissal of Gotabaya Rajapaksa as president in Sri Lanka. Both have been hit by debt crises. The smile will soon be wiped off
A debt typhoon is set to engulf the world, and India won’t escape unscathed Read More »
At the spring meeting of the World Bank and International Monetary Fund, US Treasury Secretary Janet Yellen, and Deputy Secretary of State Daleep Singh called for a total overhaul of the two institutions. Daleep Singh said the Bank was too
US wants a reboot of World Bank but it’s on wrong track Read More »
The Wholesale Price Index has been in double digits for almost a year and has just skyrocketed to a horrendous 14.5%. Tighten your belts. We are heading for the worst inflation in a long time. This will hit purchasing power,
High inflation is going to just get higher Read More »
GDP growth crashed to just 3.7% in the pre-Covid year 2019-20. In the preceding two decades, GDP growth averaged over 7% (save in the Great Recession of 2008-09). Pessimists such as Shankar Acharya note that GDP growth slowed steadily from
India can sustain ‘miracle’ GDP growth of 7%. There is only one rider Read More »
Covid and the Ukraine war have created high inflation and recessionary trends with political consequences across the globe. Inflation of 13.7% facilitate Imran Khan’s ouster in Pakistan. An 18% inflation rate may oust Gotabaya Rajapaksa in Sri Lanka. Many African
Why Ukraine war will cast a shadow on BJP prospects in Gujarat Read More »
A study by Surjit Bhalla, Arvind Virmani and Karan Bhasin estimates that extreme poverty — defined by the World Bank as consumption below $1.90 per day per person — has virtually disappeared in India. India’s poverty line is virtually identical
Why reservation will not solve India’s job crisis Read More »
Smartphones and the internet have made it possible as never before to transmit the horrors of war from Ukraine to viewers across the world. The village head of Motyzhyn near Kyiv and her family were blindfolded and shot. Mass killings
Western hypocrisy and the impracticability of a tribunal to try Russia Read More »
Western governments and media have criticised India for buying Russian oil since economic sanctions are seen as the way to end Russia’s invasion of Ukraine. US commerce secretary Gina Raimondo said India’s action was “deeply disappointing.” She added, “Now is
If US wants to sell us gas, it must match Russian discounts Read More »
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