Regulators seem to enjoy playing Santa Claus around Christmas each year by gifting multiple regulatory mandates to the banking industry. Christmas 2023 was no different, as we witnessed a multitude of significant rules and consultations...
The Annual financial statement-the Union Budget, as stated in article 112 of the constitution of India, presented on the first day of February by the Finance Minister (FM), Mrs Nirmala Sitharaman. It was the first...
German engineering giant Siemens has posted promising first-quarter results despite the ongoing coronavirus pandemic. The firm looks for more innovative power as the era of reformist CEO Joe Kaeser draws to an end. At a...
The Financial crisis of 2007 witnessed unprecedented and collective response from central bankers across the globe which was flexible, decisive and also local in nature to address the need of regional malaise. Aggressive reduction of...
It is realised that one or two quarters of GDP growth and other macro data are entirely inadequate to evaluate the long-term impact of the structural reforms underway. The specified structural reforms are necessary to create...
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...
A few months back there was a World Bank Report, inter alia, highlighting that India slipped to the 142nd position in the ranking of 189 countries in respect of ‘Ease of Doing Business’ which prompted...
In a bid to revive India’s economy, PM Narendra Modi has unveiled a set of reforms. While they are steps in the right direction, less red tape and a further opening of key sectors are...
Before it relinquished power the UPA government had reigned in the fiscal deficit and the current account deficit. This was a major achievement of the former Finance Minister. After coming to power the BJP government...
China’s pledge to give the market a “decisive” role has attracted international attention as Beijing aims to find new growth momentum for the world’s second largest economy. “Economic reform is key and the core solution...
While the Reserve Bank of India (RBI) has stubbornly refused to respond to the Indian industry’s repeated pleas for lowering interest rates, its Chinese counterpart, the People’s Bank of China (PBOC) has begun implementing major...