There is no global mechanism to stop countries from entering a competitive devaluation drive, and a US-China currency war could wreck the global economy.
Just as India’s educated elite have benefited from missionary-run schools, temple donations could be channelled for the economic and educational upliftment of Hindus.
Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
The US dollar is the world’s reserve currency. A store of value for central bankers. America’s twin deficits are financed by the rest of the world. Should the dollar begin to wobble, the US government will find it difficult borrow at 1.5%. President Trump is going against the sane advice of his senior most colleagues and advisers. The decision to levy tariffs on the remaining $ 300 billion of Chinese exports was tweeted even as a meeting with the Treasury Secretary was on and he was urging that this not be done. 2. Some import tariffs have been deferred to December, to afford relief to Christmas shoppers. A 3.1% fall on Wall Street in a single day was another cost Trump recognises. Plus the fear that a recession would harm his reelection prospects. The worst may not come to pass. We can pray that there is still some method to the great man’s madness.
The US dollar is the world’s reserve currency. A store of value for central bankers. America’s twin deficits are financed by the rest of the world. Should the dollar begin to wobble, the US government will find it difficult borrow at 1.5%. President Trump is going against the sane advice of his senior most colleagues and advisers. The decision to levy tariffs on the remaining $ 300 billion of Chinese exports was tweeted even as a meeting with the Treasury Secretary was on and he was urging that this not be done. 2. Some import tariffs have been deferred to December, to afford relief to Christmas shoppers. A 3.1% fall on Wall Street in a single day was another cost Trump recognises. Plus the fear that a recession would harm his reelection prospects. The worst may not come to pass. We can pray that there is still some method to the great man’s madness.