Why did the valuations of the Adani Group firms become astronomically high? Were the firms’ share prices destined to decline by 85% after Hindenburg’s report? After the drop, have they attained their correct valuation? Arun Kumar Adani stocks rose sharply…
The ongoing war between Russia and Ukraine, visibly evident in the bloody fighting in the Ukrainian town of Bakhmut, has again drawn attention to the constant – war is the ultima ratio or the supreme arbiter in international politics. International politics takes place in the shadow of war, and force in international politics is timeless, remaining a viable instrument of statecraft.There are six key takeaways for India from the Russia-Ukraine conflict.
The union territory administration of Jammu and Kashmir notified rules for levying property tax in towns and cities in the region. The Lieutenant Governor and the officers of urban development are leaving no stone unturned in convincing the people that this is a ‘progressive tax’, and the values are abysmally low and hence there will be hardly any burden on the people.
Do not ban plastic; the costs are too high for society, in particular for the less well-off. Instead, invest heavily in technologies to degrade the plastic not already amenable to biodegradation and deploy these to solve the problem. India has the worker capacity to collect all plastic waste and recycle it or treat it with chemical or biological agents to convert it into simpler compounds such as carbon dioxide, water and methane. India also has the brain power to innovate novel solutions to the problem of plastic persistence in the ecosystem
The crises in Sri Lanka and Pakistan are raising questions about the relevance and the costs of their reliance on the alternative financial system provided by China’s Belt and Road Initiative
On March 6, China became the last major bilateral creditor to provide financing and restructuring assurances to Sri Lanka. Following this, the International Monetary Fund (IMF) has agreed to make a final decision on Colombo’s $2.9 billion bailout package. Sri Lanka’s consistent back-and-forth negotiations with the IMF and China indicate a broader development in South Asia. In 2022, two other South Asian nations and participants of the Belt and Road Initiative (BRI) — Pakistan and Bangladesh — had sought financial assistance from the IMF. These developments in the subcontinent indicate that developing countries are furthering their economic interests and stability by approaching the IMF and the West, even as they try not to antagonise China.
Tanking stock markets may not be the best background in which to discuss curbing portfolio inflows into India. But to insulate Indian policymaking from the fickle twists and turns of the US Fed and regain monetary autonomy, India must impose capital controls on short-term portfolio flows.
INDIA’S per capita income, representing the average income of an Indian citizen, has risen from INR 79,000 in 2013–14 to INR 1,71,000 in 2022–23 — an increase of 116 percent. Therefore, some claim that incomes have more than doubled in India since the present ruling dispensation took office. The catch is that: a) this includes the price increase during the period and hence does not represent the real increase in incomes, and b) the data for 2022–23 and two earlier years is provisional and subject to revision.