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.
Proactively taking advantage of China’s involvement in the Taiwan Strait to fight China in multiple theatres is something Indian military planners should think about.
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…
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.