Four years into the Abraham Accords, the devastating conflict in Gaza reveals a painful truth: Ignoring the Palestinian issue doesn’t eliminate it, it makes it explode. A course correction is urgently needed.
The argument is that repeated polls are expensive and also push political parties towards populistic promises. But the long term benefits they trigger might be greater.
How should Indian monetary authorities respond, when the US Fed cuts rates, as it is widely expected to? Respond in kind or hold tight till any resultant financial turbulence is over? Cutting the repo rate or raising it is much of a muchness, and the most constructive response on the part of the RBI would be to let go of the government bond market and let Sebi regulate it, along with other securities.
As India steps into its third term under Prime Minister Narendra Modi's administration, Southeast Asia has emerged as a central focus of its foreign policy. The region plays a crucial role in the Indo-Pacific theatre and has become pivotal to India's strategic, economic, and diplomatic interests.
The last India-Africa Forum Summit took place in New Delhi way back in 2015, and significant shifts in global geopolitics and geoeconomics have occurred since then.
Acceptance of a limited macroeconomic role of the Reserve Bank of India would legitimise greater government intervention in the economy, making neo-liberal economists unhappy. This is the central reason for not giving up inflation targeting or modifying it to suit Indian conditions, writes Prof. Arun Kumar.