NEW DELHI: The crisis triggered by the collapse of the Silicon Valley Bank (SVB) in California appears to have stabilised for now although serious questions remain to be answered, says Anil Padmanabhan, Editor of the Capital Calculus substack. Answering questions on The Gist, he pointed out that the banking regulators in the US were taken […]Read More
NEW DELHI: Last week the Central Statistics Office (CSO) released the gross domestic product (GDP) data for the quarter ended December 2022 as well as the second advance estimates for 2022-23.While newspaper headlines claimed that growth had slowed in Q3, experts and government officials argued otherwise. The latter point out that growth rates for previous […]Read More
NEW DELHI: Addressing the ‘Global Business Summit’ hosted by The Economic Times last week, Prime Minister Narendra Modi claimed that appropriate policy action had enabled India to transform into an ‘antifragile’ nation. “The world has changed, global systems have changed, and India has also changed. In the recent past, we all have heard a lot […]Read More
NEW DELHI: Earlier this month as China celebrated the Lunar New Year, local media spotlighted the millions of dollars paid out in digital currency to promote consumption. The city of Shenzhen alone doled out more than $14 million dollars worth of digital yuan to help the catering industry. According to the China Daily, Hangzhou, the […]Read More
NEW DELHI: This year’s Union Budget—the 10th in a row from the Bharatiya Janata Party (BJP)-led National Democratic Alliance and the fifth for Finance Minister Nirmala Sitharaman—marked a break from the past. Despite the imminent general election next year, FM Sitharaman passed on the opportunity to be populist. Instead, she served up a 25-year growth […]Read More
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