By B Yerram Raju “Money begets money,” says Geoffrey Crowther. Absolutely true — whether it is with individuals, institutions, or nations. Why should nations borrow? One should go back to the post-world war economy. People lost all their wealth and assets in the war. To provide money in people’s hands, Keynes propounded ‘dig holes and […]
Islamabad: The International Monetary Fund (IMF) has asked the Pakistan government to renegotiate the China-Pakistan Economic Corridor (CPEC) energy deals before making payments of around 300 billion PKR to the Chinese power plants, putting Islamabad in a tight spot. The global lender has asked the government to treat the Chinese CPEC power plants at par […]
By Amitava Mukherjee There are quite a few reasons why Gotabaya Rajapaksa, the President of Sri Lanka, appointed Ranil Wickremesinghe as the Prime Minister of the country. First, Ranil Wickremesinghe is known to be close to the Rajapaksa family and it is more than likely that he will try to save both Gotabaya and Mahinda […]
The dangerous meltdown in Sri Lanka, in the wake of public anger and violence spiralling out of control, can have security implications for India. The situation needs to be handled with sensitivity. As a close neighbour with historical ties, India has demonstrated its support and extended a helping hand in the hour of crisis. However, […]
The Reserve Bank of India’s sudden decision to hike the policy rate may have taken the market off guard but it has become inevitable to tame the soaring inflation. The decision, taken at an unscheduled meeting of the Monetary Policy Committee (MPC) of the central bank, sends a clear signal that rising inflation is going […]
By Dr K Srinivasa Rao The global economy is under stress due to geopolitical hostilities and continuing risks of Covid-19 on increased mobility. Rising inflation and repercussions of global portfolio redistribution owing to policy rate hikes in the western world are exacerbating risks to emerging economies. Due to their internal constraints and policy objectives, emerging […]
The virtual collapse of the Sri Lankan economy comes as a wake-up call for the south Asian region with many nations battling similar woes and being sucked into the vortex of unmanageable debt. Colombo’s crisis has been in the making for more than a decade, largely due to the country’s excessive dependence on imports and […]
By Dr Vanishree Joseph, Dr N V Madhuri Several measures have been taken in India for the deprived to recover from the impact created by the Covid-19 pandemic. As per the IMF staff estimates, these measures sum to about 0.6% of the GDP. This estimated amount is being used to spend in providing insurance coverage […]
Washington: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has urged for global cooperation to control the raging Covid-19 pandemic and support the economic recovery as the new Omicron variant has spread to over 40 countries around the world. “The global economy has continued to recover, but the recovery faces many risks, including […]
