By Shanti Ekambaram In an off-cycle policy review, the Reserve Bank of India (RBI) announced a 40 basis points (bps) increase in repo rate to 4.40% on May 4, 2022, in response to the sharp and sustained increase in inflation print. The central bank had also changed its narrative to inflation control and normalising liquidity […]
Work experience contributes to almost 60% of a worker’s lifetime earnings in India where fewer people are able to avail of higher education opportunities and start work in low-wage jobs as compared with 40% to 43% in the US, the UK and Germany, a recently published McKinsey Global Institute study has found. Most workers in […]
In the mid 1960s, after a very successful season, when he became the ‘King of the Stretford End’ at Old Trafford, Denis Law walked up to then Manchester United manager Matt Busby, demanding a pay hike. Upon his return from his native Scotland, as the new season began, Law found himself among the players who […]
By Pralok Gupta The US-led Indo-Pacific Economic Framework for Prosperity (IPEF) is strategically important for India for four reasons. First, it will enhance India’s economic engagement in the region, which was dented after India’s withdrawal from the Regional Comprehensive Economic Partnership (RCEP) agreement. India’s last-minute withdrawal from RCEP was not seen in the right spirit […]
Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat has struck a conciliatory note by saying that the RSS will not participate in any movement to claim disputed religious sites. Against the backdrop of the Gyanvapi mosque case, Bhagwat said the feuding communities must try to arrive at a solution through parleys, and if a case reaches […]
How effective are governments and central banks in controlling the economy? This question has become relevant in the face of high inflation throughout the world. Central banks everywhere have started increasing their policy rates or are contemplating the same. Governments, too, are trying to control inflation, a recent example from India being the Centre’s decision […]
Apart from creating unnecessary confusion, the Centre’s recent flip-flop over the safety of sharing Aadhaar card photocopies also exposes the deep-rooted problems in the ecosystem. A regional office of the Unique Identification Authority of India (UIDAI) had cautioned against sharing photocopies with “unlicensed private entities”, in an advisory last week. It also warned against downloading […]
By Rameesh Kailasam & Madhabi Sarkar There are close to 440 million working-age women in India as per various estimates. Women make up 48% of the Indian population and need to benefit equally from the country’s economic growth. Women are the largest reservoir of untapped potential in India that can usher the country to its […]
America just committed $40 billion to Ukraine. Actually, scratch that: America actually just committed $40 billion to several US military corporations (like Raytheon Technologies, General Dynamics, Northrop Grumman, BAE Systems, Lockheed Martin, Boeing, etc) who, after deducting their certainly fat margins, will ship weapons to Ukraine. The $40 billion came out of the US budget, […]
After forecasting normal rains in April, the India Meteorological Department’s (IMD’s) updated long range forecast holds out the prospect for more normal rainfall from the southwest monsoon between June and September. Overall precipitation is expected to be 103% of the new long period average (LPA) of 868.6 mm, up from the 99% forecast in April. […]