Category Centres

India’s Foreign Trade Policy will lead the Global Economic Order

India’s desire to reconfigure the global balance of power is predicated on its ability to become an indispensable element in the global economic order. Thus, it is not surprising that the new foreign trade policy seems to shed the reticence of the past

Even as the global economic order continues to face multiple challenges that show no signs of abating anytime soon, the Indian economy has shown great resilience. It has come out of the Covid-19 pandemic in much better shape than most other big economies and its growth trajectory has maintained an upward trend despite problems emanating on the geopolitical and geo-economic front virtually on a regular basis. As the IMF has suggested, India continues to remain a relative “bright spot” in the world economy with the Indian economy alone contributing 15% of the global growth in 2023.

The name is bond, FinCat Bond: Sense on AT1 Bonds

Recognise AT1 bonds as insurance, rather than pure debt. Once AT1 bonds are understood as insurance by a bank that is still a going concern, against a calamitous loss, the expectation that they should be bailed in only after equity is written off would disappear

The high-decibel angst of investors in Credit Suisse’s Additional Tier 1 (AT1) bonds that were fully written off before selling the bank to rival UBS for $3.23 billion resonates with investors in Yes Bank’s AT1 bonds, who are currently litigating against such a write-off at the hands of the RBI-appointed administrator, before the troubled bank was transferred to State Bank of India.

The Unease of Doing Business with DMRC

Yet, a company owned by GoI and the government of Delhi, the Delhi Metro Rail Corporation (DMRC), is crushing EODB under the wheels of its growing fleet of world-class trains, in the most spectacular fashion possible

If god has a competitor, even in a limited capacity, it is the Government of India. GoI combines in itself the trinity of creator, preserver and destroyer when it comes to ease of doing business (EODB).

Challenges Remain in the Prevention of Sexual Violence in India

The Mathura rape case of 1972, where a young tribal girl was raped by two uniformed police officials in Maharashtra, was a watershed moment in India’s rape laws that shook the country and initiated the first changes in India’s archaic rape laws.  Forty years later, the brutal Nirbhaya case of 2012 jolted the nation out of its stupor.  The case led to reforms in the rape laws in the country, redefined rape, brought in stringent punishment and introduced death penalties for repeat rape offenders. Yet on the ground, little seems to have changed for the girls and women in India. The latest crime figures against women tell a different story. There has been a 15% increase in cases of crime against women in 2021 from the previous year, according to the latest National Crime Records Bureau (NCRB) data released in August 2022.

The Collapse of SVB: The Story of Systematic and Unsystematic Risk

And the story goes on like this. This bank, named Silicon Valley Bank (SVB), lent money to the tech industries and start-ups, primarily in the tech domain. On 10th March 2023, the news broke that this bank collapsed and did not have enough funds to pay back to its depositors. SVB was the biggest US lender to fail since the 2008 global financial crisis.

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