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...
Americans have a saying about an 800-pound gorilla in a room. It refers to a person or organization so powerful that it can act unilaterally. The British have an expression about an elephant in a...
“The worst is over.” That has been the meme in the oil business in the second quarter. Folks in Houston’s and Calgary’s office sector, companies that supply the oil patch, and everyone else associated with...
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...
Remember TARP, the Troubled Asset Relief Program that the US Congress approved to bail out banks and other companies during the Financial Crisis? $700 billion were authorized, later reduced to $475 billion. The Treasury eventually...
Saudi Arabia ’s cabinet approved the National Transformation Program (NTP) that outlines bold reform measures to transform its economy and make it less reliant on oil. The NTP is a blueprint of the key reforms...
It is a quarter century since the reforms of 1991. I have written earlier about what difference the reforms made. First, there has been no payments crisis since the reforms, against one roughly every decade...
On the surface, recent economic news in Japan offers a silver lining for Abenomics. Despite the initial misgiving at the beginning of 2016, Japanese exports have maintained a moderately expansionary trend in the first 4...
The side effects of Negative Interest Rate Policies in Europe and Japan — what we’ve come to call the NIRP absurdity — are becoming numerous and legendary, and they’re fanning out across the globe, far beyond...
