Emerging market economies in Asia are confronted with signs of bank fragility owing to overexposure to the private sector, whose mounting external debt compounds the problem.
Those at the bottom of the social hierarchy are the ones worst hit by an intersecting set of inequalities, in areas like school education, housing, work opportunities and legal justice, says a new study.
The threat of another downturn strengthens the argument for fiscal policy initiatives as a driver of economic growth, but such measures face serious opposition from a global finance that is fine with government borrowing only as long as it suits its own interests.
Rabindranath Tagore’s concepts can form the basis of a critique of the idea of an over-centralised nation seeking cultural standardisation as also a plea for a more open, truly federal polity where people are free to imagine the nation in the way they want and relate to it on their own terms.
While the collapse in oil prices and some other recent developments are good news for the government, there is a real danger of it turning complacent as a result and trying to rely on luck to earn a good name.
Expectations of a hike in interest rates in the U.S. put the brakes on NRI deposits, which saw a quantum jump after 2011 because of the RBI’s incentives aimed at countering the exodus of foreign capital.
Linking the price of an essential intermediate like diesel to global oil prices is another way of putting the squeeze on mass consumers.
The yes-sir-present-sir response of Doordarshan to the ruling party, its slants and biases, are unfailingly all too obvious. The private channels have become adept at being more inscrutable, even devious, in their ways, much like their counterparts in the West.