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...
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...
“There was no example to follow on September 22, 1993, when the Bank’s Board of Executive Directors approved a resolution establishing the Inspection Panel. Over the next 25 years, the Panel forged a legacy...
Changing goal posts has been a hallmark of the precariously conceived and insensitively implemented demonetisation, second anniversary of which was yesterday (Nov 8). Finance Minister who declared Nov 8 as Anti Black Money Day...
Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has...
For Indian corporations, the grass seems to be getting greener the other side. Investments and acquisitions abroad have been the hallmark of Indian corporations the past decade and a half. While acquisitions of Jaguar...
With Subhash Chandra Garg assuming charge as secretary of the Department of Economic Affairs (DEA) in the Finance Ministry, the position of the Indian Executive Director (ED) at the World Bank has fallen vacant. The 1983-batch...
Like India once had a Ministry of Disinvestment, it’s time she has a Ministry of Loss Making. How else can one understand government’s eagerness to buy out all loss making projects, whether in coal,...
After the storm of demonetisation, which unsettled the economy back home, India is hosting the 2nd annual meeting of New Development Bank (NDB) from March 31 – April 2, 2017. NDB is the financial...
Indian banks should have safeguard policies of the kind followed by international financial institutions. Despite the crisis in several parts of India following demonetisation, which sucked out 86% of the currency in circulation overnight, one of...