As February ended, a stunned world tracked with disbelief the unwarranted war on Iran declared by the US under President Donald Trump and Israel under Prime Minister Benjamin Netanyahu. Aimed at ensuring externally engineered regime change justified on grounds that…
It is probably only to be expected that the official account, in the Finance Ministry’s justreleased Economic Survey 2025-26, would be generally upbeat about the Indian economy and the current policy direction of the Modi government. We have also come…
The idea that economic growth leads to more employment is at one level so obvious that it has become axiomatic among economists and policy makers. After all, higher production will require more inputs, and presumably labour is a crucial input…
US President Donald Trump has made it clear. His strategy of weaponising tariffs would be deployed not only to ensure a reduction in America’s trade deficit but also to achieve political and diplomatic objectives. Examples abound, not least the excessive…
The world is facing an inequality crisis fueled by stagnant wages, eroding social protections, and the extreme concentration of wealth. Reversing these trends requires reassessing the policies that produced them and equipping governments with the information they need to pursue…
Argentina’s ability, under right-wing governments, to draw record levels of dollar support from the “international community” never fails to surprise. This pattern has only become more pronounced in recent years. But what is more surprising is that, despite evidence that…
When US President Donald Trump announced in early August that imports from India to the US would be taxed at the rate of 25 per cent (with few exceptions), many were taken by surprise. Given the bonhomie on display between…
In late 2024, the Institute of International Finance (IIF), the advocacy arm of global finance, put out a pessimistic projection that capital flows to emerging market economies (EMEs) are likely to fall to $716 billion in 2025 from an estimated…
July brought into the open one more alleged scandal in India’s financial markets. While speculation around the actions that constitute the “scandal” has been rife for some time, the story went viral when India’s market regulator, the Securities and Exchange…
Developments that have occurred in quick succession have crushed the successful efforts made in recent years to increase global cooperation aimed at raising tax revenues to take on a host of global challenges. Late in June, the non-US six (Canada,…
