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...
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...
In a bid to bolster the electricity generation capacity of the energy-poor nation, the government is looking to build several coal-fired plants in the coming years. But activists oppose them citing environmental risks. The plan...
