New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
New Delhi: Chinese Foreign Minister Wang Yi Tuesday pushed for a “dual-track” progress for ties with India, separating economic ties from the boundary question,...
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
The world has changed, making Henry Morgenthau’s vision more practical. It is trade rather than aid which has helped lift people out of poverty, most of all in Asia. Infrastructure projects – like Delhi’s Metro – are not always profitable. The developing world’s needs cannot be fully met by market forces. There is a gap in viability. Perhaps the World Bank and similar institutions, with funding support from the developed countries, can blend profit with public purpose and meet huge requirements. The pool of poor countries that require concessional funding directly from the World Bank is now fortunately quite small.
The world has changed, making Henry Morgenthau’s vision more practical. It is trade rather than aid which has helped lift people out of poverty, most of all in Asia. Infrastructure projects – like Delhi’s Metro – are not always profitable. The developing world’s needs cannot be fully met by market forces. There is a gap in viability. Perhaps the World Bank and similar institutions, with funding support from the developed countries, can blend profit with public purpose and meet huge requirements. The pool of poor countries that require concessional funding directly from the World Bank is now fortunately quite small.