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US and China’s trade war threatens to stymie growing world economy

As US and China slap fresh tariffs on each others goods, stocks and industrial output has fallen, leading to an investment slow down.

Pakistan is worried about conditions behind IMF’s $6 billion bailout, stock market crashes

National security imperatives of the waters are rising as surely as the sea levels around the world because of climate change.
File photo of Pakistan PM Imran Khan | Asad Zaidi/Bloomberg

Pakistan moves closer to IMF bailout after Imran Khan recasts economic team

Pakistan needs financial aid to ease a balance-of-payment crisis triggered by high fiscal & current-account deficits & dwindling forex reserves.
New York Stock Exchange

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.

Beg, borrow, repeat: Pakistan’s IMF addiction continues even as its finance minister leaves

Pakistan’s military-driven economic decision-making is based on ‘Jazba’ and 'Chanda'.

Economy needs to grow at 8% for India to deal with poverty, says RBI’s Shaktikanta Das

India is expected to post economic growth of 7.2% this fiscal, and is seeing below-target inflation even as rising oil prices add an upside risk.
A man leaves the New York Stock Exchange in New York, Wednesday

The world is not even close to the next great recession

The world economy might be messy and there will be regional divergences aplenty, but it is not terrible as IMF data shows there are still some chances of growth.
Representational image | YouTube

Populist leaders can ruin a global economic recovery

Future of global economy depends on a new crop of anti-establishment politicians. Given their recent track record, that’s not an encouraging prospect.
Gita Gopinath

IMF’s Gita Gopinath says there’s no free lunch in modern monetary theory

Gita Gopinath is latest big-name economist to weigh in on MMT theory, which is seeking to shift debate on limits to how much countries can spend.
Rupee

India’s forex reserves soar over $5 billion to reach $421 billion 

The maiden dollar-rupee swap conducted by the RBI last week helped foreign exchange reserves swell by a healthy $5.237 billion to $411.905 billion in the week to 29 March. 

On Camera

File photo | Dimple Yadav (R), Mayawati and Akhilesh Yadav (L) at a rally | Facebook/Dimple Yadav

Why Dimple Yadav touching Mayawati’s feet still riles upper caste Indians

Dimple Yadav’s gesture challenges the class system of Hindu society which categorises women and backwards of all castes as low and inferior.
crash

Budgam friendly fire: Should charge of culpable homicide be on the table in the fog of war?

A senior IAF officer and 3 other personnel could be booked for “culpable homicide not amounting to murder” in the February Mi-17 helicopter downing.

Defence

IAF men face action in Kashmir Mi-17 chopper crash as probe ‘almost confirms’ friendly fire

Six IAF personnel, one civilian were killed as an Mi-17 chopper was shot down in Kashmir on 27 February while Indian and Pakistan air forces were locked in a dogfoght 100 km away.
Prime Minister Narendra Modi in Varanasi in 2014 | Commons

Pracharak Modi: The mask you see, is the man you get

India has its first leader who is unapologetic about belonging to the social and political Right. This is how Shekhar Gupta foresaw Modi’s five years in this National Interest within three months of his victory in 2014.