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 »
The course of wars cannot be predicted. The Ukraine war may end in a few weeks with Russia and Ukraine signing a face-saving deal. Or it may drag on for months before ending in a muddled stalemate. Or it could
Russia-Ukraine conflict: Is an outright recession now inevitable? Read More »
The invasion of Ukraine by Russia is going to take a heavy toll of India\’s economy. Foreign institutional investors (FIIs) have flooded out of emerging markets, stock and bond markets are down, and the trade gap is getting exacerbated by
A bio-decomposer developed by a research institute and a pesticide firm has the potential to make North India’s pollution woes a thing of the past. Sometimes a breakthrough seems too good to be true. A solution is in sight to
Solution to stubble burning that polluted Delhi air, is finally here Read More »
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