Wednesday, 29 June, 2022
Topic2008 financial crisis

Topic: 2008 financial crisis

Govt stake in cash-strapped Vodafone Idea could be a boon — provided it has an exit plan

Rules-based framework should be put in place up front for govt to exit from Vi, sell 35.8% stake to public. This should prevent future govts from treating it permanently as PSU.

Moral basis of market capitalism was revisited due to 2008 recession: Author Jaithirth Rao

At ThePrint’s ‘Off The Cuff’ Friday, entrepreneur Jaithirth ‘Jerry’ Rao spoke with ThePrint Editor-in-Chief Shekhar Gupta and commentator Gurcharan Das about his new book ‘Economist Gandhi’.

What are credit default swaps, the 2008 ‘taboo’ financial product that RBI wants to revive

RBI released new draft guidelines for credit default swaps, calling them an essential instrument for developing corporate bond markets. Here's all you need to know about it.

World Bank cuts global outlook as trade tumbles to decade low

World Bank forecast the world economy will expand 2.6% this year, compared with a projection of 2.9% it made in January & 3% last year.

An economist explains what happens if there’s another financial crisis

The big concern is that governments do not have the policy tools they had in 2008 to prevent a financial shock turning into a freefall.

India’s fintech sandbox is on its way but RBI’s draft guidelines can limit benefits

RBI’s framework for the regulatory sandbox proposes a number of entry barriers that seem extremely vague and subjective.

Despite big-bang reforms by Modi govt, two withdrawn bills make the glass half full

Much-needed reforms in bond market and banks were sidestepped, reducing the positives of measures like bankruptcy code and inflation targeting.

Trump attacks the World Bank by nominating an unconventional chief

Donald Trump's nominee for the post of World Bank president has been a critic of multilateral institutions.

Trump & Xi are set for a messy divorce and that can rip the global economy apart

If US & China can’t work out a managed, Cold War style separation, the legacy of 2008 may well be a hard split.

Fixing the financial system isn’t enough, it needs to be changed

Experience has taught bankers not to worry about the downside. The government bailed them out with no personal repercussions and without fundamentally changing the system.

On Camera

YourTurn

Biden calls on Congress to suspend gas tax for three months

Will US craft a new oil compact with Saudi Arabia? Joe Biden may have to eat his own words

Like many, India will be anxiously watching the US-Saudi Arabia summit in Jeddah—knowing its fate is tied to the decisions King Salman and Joe Biden make.
File photo of Isha Ambani, daughter of billionaire Mukesh Ambani | Bloomberg

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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