T K Arun Now that the US Federal Deposit Insurance Corporation, Treasury and the Fed have all come together to salvage US banking once again, taking over two failing banks and making all depositors whole, and not just those small…
Tikender Singh Panwar The state of Himachal Pradesh got full statehood in 1971; it followed a development path that was “left of center” until the 1990s. After the introduction of neo-liberal reforms and the signing of the FRBM (Fiscal Responsibility…
Through relentless persecution, the ruling dispensation has vested Rahul Gandhi with a political salience he had lacked
Sometimes, two wrongs do make a right. Rahul Gandhi’s conviction for defamation and his expedited disqualification from Parliament show how right he was when he said in London that India’s democracy is under attack. The ruling dispensation’s political practice itself comes to Rahul Gandhi’s defence, when it comes to offering substantive proof of his claim.
Major power polarization is today the wider structural reality that is shaping the contours of the emerging global order, and it is a warning sign for all nations, including India, of what is likely to come.
The real world has a way of confounding textbook economics. Macroeconomics, the branch that deals with the big things like growth, inflation and interest rates, seems broken when used to implement policy. In medicine, a drug is not approved for use if it has potentially serious side-effects. Or, if it's approved, it is administered with care, in the right doses. The collapse of Silicon Valley Bank (SVB) and the pressure on other US banks suggests that economists still don't quite appreciate the side-effects of their actions.
Beginning his three-day state visit to Moscow on March 20, China’s President Xi Jinping stated that relations with Russia are based on “no-alliance, no-confrontation and not targeting any third party”, even though “in a world of volatility and transformation, China will continue to work with Russia to safeguard the international system”. The joint statement issued after talks stated that bilateral relations have “reached the highest level in history”. President Vladimir Putin and President Xi have met 40 times so far.