The media are full of it. Viral Acharya, a recently inducted Deputy Governor of the Reserve Bank of India (RBI), has declared publicly that resolving the problem of bank stress resulting from large non-performing assets (NPAs) on their balance sheets…
The summit of the leaders of G20 meetings that met in Hamburg early July was nothing short of a fiasco. Outside the meeting, the massive protest demonstration and the unwarranted aggression of a huge police force made clear that these…
Meetings of global leaders – such as recently occurred in the G20 meeting at Hamburg – increasingly have a ring of farce about them. The inability to come to agreement on pretty much anything of significance is leavened only by…
When one reaches a certain age, one has to steel oneself to the idea of hearing periodically the news of one’s friends passing away. But when the passing of several friends gets concentrated within a very short span of time,…
In a time of short or no historical memory, it is easy to believe that some ideas are completely novel and innovative. So it is with the idea of the “Universal Basic Income”, which is getting much exposure in both…
The big news late in June 2017 was that the Serious Fraud Office (SFO) in the UK had charged four former senior executives of Barclays bank, including its former chief executive, John Varley, with fraud committed almost a decade earlier,…
Nineteen rich counties and the EU are preparing for the G20 Summit. What brought this group together initially was their GDP size and their concern with the 2007/2008 massive financial crisis. After a brief flirtation with Keynesian ideas about governments’…
The policy shifts of the reform era have not been in favor of agriculture. Trade liberalisation, deregulation and a greater role for market forces have not benefited the farmer, who is trapped in a persisting crisis. It is time for…
It is a truth that should now be universally acknowledged that, everywhere in the world, our lives are driven by computers – or more specifically, by the workings of Information and Communication Technology (ICT) and therefore the internet. And our…
Calls for a new development paradigm grow louder each day, especially in rapidly growing countries like India. Award-winning development economist Jayati Ghosh explores prospects for such a new model of equitable and sustainable development with Allen White, Senior Fellow at…
