Tuesday, 20 November, 2018

Economy

IL&FS headquarters at the Bandra Kurla Complex in Mumbai

IL&FS must die for its infrastructure projects to live

IL&FS is an unwieldy, opaque hydra. More than size, it’s the diffuse nature of its operations that should worry its new directors.
Representational image | Bloomberg

IMF cuts global growth forecast blaming trade wars & emerging markets stress

Risks to global growth have risen in the last three months and tilt to the downside, the IMF said on eve of its annual meetings in Bali. New Delhi: The Inter...
Representational image | Bloomberg

Demand is cooling and that explains why RBI didn’t hike interest rates

Capacity utilisation rate, consumer confidence, and outlook for demand in manufacturing sector in third quarter were less optimistic, RBI surveys show.
Pakistan finance minister Asad Umar

Pakistan to seek IMF bailout as forex reserves fall dangerously

Pakistan’s forex reserves have plunged 40% in 2018 to lowest in almost 4 years. It’s running twin current-account and budget deficits of more than 5% of GDP.
Representational image | Dhiraj Singh/Bloomberg

Sinking rupee is hurting Indian firms that haven’t hedged their foreign debt

As rupee slides, unhedged firms that swapped overseas debt into local currency and don’t have foreign-currency revenues face higher repayment costs.
Pedestrians walk past the Bombay Stock Exchange building in Mumbai | Dhiraj Singh/Bloomberg

Indian equity fund investors are unfazed by stock market turmoil

Stock funds took in 111 billion rupees in September, the most since May, up from 83 billion rupees in August

Scientists suggest $2.4 trillion shift from coal to renewables

To stabilise climate change, the world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050.
Representational image | Bloomberg

Nobel 2018 for medicine & chemistry is great news for science, but probably not patients

The pharma industry needs to do a better job of grappling with how success tends to bring out its worst instincts.
Representational image

No coherent strategy in sight as guardians of global economy meet in Bali this week

Global finance chiefs meet for IMF & World Bank meetings without firepower of 2008 & with era of coordination looking like an anomaly.
IL&FS

IL&FS effect slams brakes on runaway growth of non-bank finance companies

RBI is looking at strengthening guidelines for non-bank lenders to avoid rollover risks after the IL&FS defaults.
amritsar attack

Do Amritsar & Kashmir violence signal internal security crisis like ‘90s under Ajit Doval?

Three people were killed in a grenade attack at a Nirankari prayer hall in Amritsar Sunday. The same day, a terrorist attack at a CRPF camp in Jammu and Kashmir...
Illustration by Soham Sen | ThePrint.in

How CBI went from being a caged parrot to a wild vulture

India’s premier anti-corruption agency has defied two decades of reform and become an embarrassment with its bosses calling each other thief.