“It is not true that life is one damn thing after another; it’s one damn thing over and over.” Those words of the American 1923 Pulitzer Prize winner for poetry, Edna St. Vincent Millay, are in step with the current times darkened by the Covid-19. Developed countries, which wer...
Advanced countries of the world in Europe, North America, and the Pacific have all been humbled - almost at around the same time. Their economies have been badly hit. China has been identified as the origin of the previously unknown disease, now labeled as the Novel Corona Disease of 2019 (Covi...
The year 2019, witnessed the biggest domestic slowdown in the last decade. It was painful, as the steady fall in the rate of growth was unstoppable. Reasons, which are now well-known and understood, have been documented. Components of aggregate demand, namely domestic consumption, investment and net...
Do you believe in the story of a shepherd delivering justice by sitting on the mound which, upon digging by a curious King of Ujjain, was found to be the seat of throne of the legendary King Vikramaditya?That really happened when the Reserve Bank of India (RBI) stunned economists and the markets on ...
The ongoing US-China trade war had its origin in 2012. It began then as a “cold war”, well before Donald Trump became the US President. The US began to experience growing imbalances from 2012 in its trade with the rest of the world, especially China. It was alleged that China was deliberately ke...
A last minute decision by India early this month to not join the Regional Comprehensive Economic Partnership (RCEP) stunned the 10-member ASEAN group and the five Asia-Pacific states. The ASEAN group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand...
National and international agencies, including the Reserve Bank of India (RBI), the International Monetary Fund (IMF), and the World Bank, in the last few months, have been steadily downgrading their FY 2020 growth forecasts for India. The most pessimistic growth rate of all forecasts is from the in...
Though a section of the press declared that the Reserve Bank of India (RBI) and the Government of India (GOI) were joint winners of the much awaited ‘mother of all board meetings’ that was organised on November 19, the undisputed fact remains that the RBI emerged unscathed.It did not lose anythi...
An open public dispute is currently onNormally, the differences between two institutions, one being the elected government whose political tenure is determined by periodical elections, as expected in a democracy and the other, a statutory institution, whose future is more certain, are settled ...
Though the Indian rupee recovered from the steepest fall of all times on October 11, things are yet to improve. The rupee has recovered from the record figure of Rs. 74.40 and is hovering around Rs. 73.40.The record fall was a reaction to the most unexpected decision by Reserve Bank of India (RBI) o...
