The systematically depreciating yuan and the house price bubbles in Chinese cities have made the elite nervous. Capital flight has become a priority. Dodging government limits on capital flight has turned into an art. And buying properties...
The municipal bond market in India has been marked by very modest borrowing levels, which have stagnated over the past few years. One of the possible reasons for this could be the availability of ‛soft...
One may want to ignore the recent 8th BRICS summit in Goa (India) and retain only the announcement of the launch of an independent rating agency. We can also consider that the battle of Mosul...
Economics can be good entertainment, as readers of this column might have realized. But it is also concerned with people’s satisfaction; so it would be legitimate to ask if it has made anyone happy, other...
I must say I was surprised to read that Kaushik Basu, once my friend and neighbour, had been succeeded as chief economist of World Bank by Paul Romer, whom I admire as an inventive economist....
Manmohan Singh is a man of history today; but for a long time he was in the centre of economic policy making. When she was Prime Minister, Indira Gandhi had once told him to control...
India’s urban population has been constantly growing since independence and the current urbanization rate is close to 31.2 percent. However, in absolute terms, India is second only to China in total urban population. The existing...
Asia’s two economic giants viz., Japan and China shares a very intricate and crucial relationship among themselves. Though in early 1990s Japan accounted for almost 10% of the International trade it soon dwindled with a...
Budget 2016 introduced a new tax called Equalisation Levy (“EL”), aimed at taxing online transactions. EL was originally mooted by the OECD in Base Erosion and Profit Shifting (BEPS) Project Final Report on Action 1...
It cannot be said that the resignation of Raghuram Rajan was separation by mutual consent. He had implicitly indicated his willingness to serve another term; his change of mind indicates either that he was given...
“Events are moving faster than anyone can comprehend, and only one thing is certain – that seemingly no-one thought it might be a good idea to figure out what to do after a Brexit vote....
Deutsche Bank is back on top, though on the wrong peak. According to a recent IMF report, it poses a bigger threat to the global financial system than any other bank in the world. For...