The decline of US manufacturing in the cacophony of regional and national indices, which started in mid-2014, is a sight to behold. Today we got two national indices for April. Both added more gloom to the...
This short piece on budget 2016-17, can hardly claim to be a comprehensive or even a partial overview of all the announcements made today. I merely focus very briefly on a few aspects that relate...
If Indian fiscal policy were to be summed up in one word, it would be anti-growth. Indian governments routinely borrow money to finance a substantial proportion of their expenditure; these borrowings add to their debt,...
Pauper or billionaire: Switzerland prepares for a vote on a basic income for all. Here are the arguments pro and con – and why the referendum is most likely to fail. To work or not...
India is home to the fourth largest number of millionaires in Asia, with the country hosting 236,000 individuals with assets of over $1 million by the end of 2015, according to a recent report published...
“One must care about a world one will never see,” said Mahatma Gandhi according to prime minister Narendra Modi: that is how he began his speech to the general assembly of the United Nations. Well,...
The World Economic Forum is underway in Davos. The global capital markets are off to one of their worst years ever, the threat of terrorism hangs over us, like the Sword of Damocles, GDP growth, except...
India has a young population. The demographics of the country are such that the number of young people in the population is high. At the same time the country has an aging population. The proportion...
George Fisher was partner in a firm of auctioneers. He was well enough off to send his son, Ronald, to Harrow in 1904. But he lost his wealth soon after. Ronald worked hard on his...
Air pollution levels in Delhi have reached alarming proportions. Something drastic has to be done to curb pollution emanating from automobiles. But is the odd-even policy of the AAP government in Delhi the best method...
In a bid to shore up the Middle East nation’s finances battered by the global slump in crude prices, Saudi King Salman has pledged to diversify the country’s economy and veer off its heavy dependence...
Markets across the world have been jittery over the past few weeks ahead of the December 15-16 US Federal Reserve meeting that’s likely to have a rate ‘lift-off’. But does a rate lift-off or upward...
