The Federal Reserve is targeting the hikes to bring down inflation, despite recent signs of slowing, which is still running near its highest level since the early 1980s.
India is debating whether to open the country's debt markets wider to foreigners, to as much as 8 percent of outstanding bonds, from 5 percent currently. A 1 percentage point increase in the limit may attract 800 billion rupees.
India keeps falling into ‘great power’ fantasy trap. Think of the 1950s, when New Delhi mistook its all-too-real potential for actual power, and China brought it down to earth in 1962.
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