Monday 01 Apr '13In what would significantly enhance global liquidity, potentially impacting asset prices across emerging markets, Japan will embark on a major expansion of its central bank balance sheet in order to reflate the economy.
Thursday 23 Aug '12The chief executive officer of the European Financial Stability Fund Klaus Regling has expressed full confidence that the German Constitutional Court next month will clear the new funding programmes for the euro zone as the German people are in favour of further consolidation of the euro experiment, which has a long history.
Monday 30 Jul '12Robert Zoellick, who successfully completed his tenure as World Bank president last month, says the euro zone has entered “a very fragile period” and Chancellor Angela Merkel’s freedom for manoeuvre is shrinking as the German constitutional court has stepped in to scrutinise closely the expansion of various funding mechanisms to stabilise the euro zone.
Monday 26 Mar '12C Rangarajan, chairman of the Prime Minister’s Economic Advisory Council, said Budget proposals for fiscal consolidation are realistic as they are based on the implicit assumption that fuel pricing will be revamped during the course of the next fiscal.
Monday 19 Mar '12Prime Minister Manmohan Singh spoke just after the presentation of the Union Budget and suggested the government would “bite the bullet” while dealing with the burgeoning oil subsidies, the single biggest political economy question facing the UPA today.
Tuesday 21 Feb '12The ongoing assembly election in the country’s most populous state, Uttar Pradesh, is being watched and analysed intensely because of its profound impact on the politics at the Centre.
Tuesday 07 Feb '12The special court examining the criminal conspiracy around the 2G spectrum allocation gave a clean chit to P Chidambaram saying he had absolutely no role to play in the manner in which A Raja subverted the telecom licensing process.
Friday 30 Dec '11Anna Hazare’s transformation—from a social activist with considerable moral force to being a catalyst in the rough and tumble of India’s party politics—was nearly complete when he tragically declared before the thinning crowds at Mumbai’s MMRDA grounds that Team Anna will campaign against the Congress party in the forthcoming assembly elections as well as in the run up to the 2014 Lok Sabha polls.
Wednesday 07 Dec '11The Reserve Bank of India (RBI) has sent a very strong signal to the foreign exchange market that it is ready to deploy every tool in the book to defend the rupee if it sees a short-term risk of “accelerated downward spiral in the rupee’s exchange rate”.
Tuesday 22 Nov '11India’s political economy is currently witnessing two parallel trajectories that may seem disruptive on the face of it but have the potential to take us to a new state of institutional equilibrium.
Tuesday 08 Nov '11It is nearly official now that Rahul Gandhi will take over as the working president of the Congress party in a few months. Some media reports say this change of guard could take place earlier than many expect.