In another week, on June 2, Ajay Banga will take over as the 14th president of the World Bank Group, the all-men’s club, except for Kristalina Georgieva, who had become World Bank’s acting president...
What will help the world of finance/economy to transform? While I do not have an answer on that, I want to share why the economy/finance needs a serious and radical transformation.
Prasanna Mohanty’s 'An Unkept Promise: What Derailed the Indian Economy' looks at the economic landscape of India since Modi took over in 2014 and explains what went wrong based on data and hard evidence.
If GDP growth rate is an indication of where our formal economy is, then there’s a lot to worry about. It fell to -7.3% in FY21, from the low of 4.2% in FY20. Unless...
The growing fiscal deficit is yet another reason market pundits are pushing for government divestment from Public Sector Units (PSUs). That would be akin to the story of the goose and the golden egg....
This issue of Finance Matters marks the completion of three years since it was started.We thank you all its readers and those who contributed to it. To bring out a weekly newsletter has its own...
On February 27, a year has passed since the Supreme Court of the United States ruled in a 7-1 judgment that World Bank does not enjoy absolute immunity. The judgment shook the foundations of...
15 years back power sector witnessed a huge expansion. Between 2005 and 2011, thermal projects with 700 GW were given either TOR or EC by the government in around 570 projects, with estimated investments...
The announcement by Finance Minister Nirmala Sitharaman yesterday (Nov 15) that the government is planning to increase the deposit guarantee limit from the existing Rs 1 lakh is a confirmation of the rumours/reports going around for some...
The press conference addressed by the Finance Minister Nirmala Sitharaman yesterday (Aug 23) is an indication that finally, the government acknowledges that the economy is crumbling and nearly hitting the rock bottom. That a...
Yesterday Julian Assange, co-founder of Wikileaks, was arrested from the Ecuadorian Embassy in London, where he took refuge seven years back, after the Ecuadorian government’s withdrawal of asylum. Interestingly, exactly a month back, on...
Given that India is building many of the world’s biggest solar parks and also harbours high wind power ambitions, there is no reason to waste precious foreign currency on imported gas or thermal coal...
This February, in a landmark decision, the US Supreme Court ruled that financial institutions like the World Bank’s International Finance Corporation (IFC) are not immune from the law of land, and can be held...
Absolute immunity leads to impunity, and that foments lack of transparency and the reluctance to be held accountable Over three decades back, it looked quite impossible to ask the World Bank to review a...
With the formal process of selection of a new World Bank President kick-starting in a week’s time, it’s imperative to have a view beyond this selection, now that the dust of Jim Kim’s sudden...