America’s imminent debt crisis: Much ado about nothing scary
The US debt pile and interest costs aren’t too high so long as GDP growth outpaces real interest rates
RBI must emulate FM’s transparency on failure to meet targets
While Nirmala Sitharaman has been open about why she fell short of fiscal deficit targets, the RBI has been frustratingly opaque on its failure to meet inflation targets
Expect a revival of Hollywood’s charm at the Oscars this March
Two years lost to covid and ‘slapgate’ have been eclipsed by excitement over this year’s celebration of unforgettable dreams
The US Federal Reserve should navigate carefully now
The US central bank’s task of taming inflation with minimal economic pain is complex and consequential
Opinion: Vantage point: Keep tariffs on the table, and capital controls off
India can make trade concessions on items like Scotch whisky, but no partner should expect full capital account convertibility for a free trade agreement. That’s part of a broader policy
The ideology behind budgeting has changed over the BJP years
The Budget is certainly India’s most talked about economic policy announcement, both before and after presentation
Competition law amendments: Of penalties and misses
Penalties based on total global turnover will impact MNCs and cartels will miss a settlement option
Ikea price cuts show Indians prize affordability over aspirations
Four years after entering the country, the furniture giant is slashing prices on a significant portion of its inventory by up to 39%.
Bad debts of 2011-16 could partly be pinned on a metal price crash
The episode illustrates how a rupee allowed to slide can cushion the blow to businesses from the price declines of global gluts
Digital assets should not be dismissed as an asset class
Since digital assets have no underlying cash flows to reward their owners, they are not financial assets
State-run banks must not repeat their lending errors of the 2000s
Credit growth is rising but PSBs should take care not to overlend and create another bad debt crisis
Indian history needs to be kept free of politics
India’s education minister insisted that the ICHR will fill gaps and not rewrite history, but the BJP’s record of its political use and ideological bent mean academia must keep watch
Don’t let knowledge mismatches slow human advancement down
Policymakers and innovators alike ought to remember that it is not knowledge but useful knowledge that empowers people
What if we’re all wrong about the future of US interest rates?
It’s frequently argued that once our economy gets past this burst of inflation, interest rates will fall back to their pre-pandemic lows—and perhaps go lower in the future
Everybody forgot about savings in the din over capex
The budget’s focus on capex is fine but we must reverse a savings decline for investments to pick up