Another Global Economic Meltdown Seems Real As War Spreads To World’s Largest Gas Field
By Anjan Roy The West Asia crisis has now morphed into a global economic challenge, with the latest strikes by Israel on the South Pars gas field and Iranian attacks on the Qatari gas facilities in the adjacent North Dome gas field of Qatar. Undoubtedly, the war has escalated and there is little control over […]
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By Nitya Chakraborty The political developments in Bangladesh including violence against any one opposing the fundamentalists are having dangerous consequences for India involving the security and geopolitical stability in the sub continent. According to this writer who has been following the churnings in the newly liberated nation since 1971, the outlook for India in terms […]
By Anjan Roy Donald Trump’s high fees for H1B visas are a serious headache for India, not just for the sake of its impact on India’s IT sector and services exports to USA. This is a huge worry for the overall security environment and strategic- diplomatic scenario for India. Among others, if China is able […]
By Anjan Roy Just as Donald Trump’s tariffs had shaken the world and the financial markets, a sudden brake on their implementation had equally shocked leaders to market sloggers as much. President Trump had equally abruptly pushed back the time when his “reciprocal” tariffs were to kick in. He deferred it by ninety days and […]
By Anjan Roy In the wake of Trump’s tariffs and restrictive trade practices, a global economic warfare has been sparked off, with all major economies working up stringent measures to teach the newly elected US prescient, Donald Trump, a lesson: Tariffs are a two way instrument. If you impose tariffs on others, others can impose […]
By Anjan Roy The only big idea about the eighth budget of finance minister, Nirmala Sitharaman, is an announcement of an income tax exemption of upto Rs 12 lakhs. It is a big jump no doubt, from the exemption level of Rs 7 lakh earlier. There is a political catch in that though. But in […]
By Anjan Roy The recent volatility in the exchange rate of the Indian rupee against the US dollar has given rise to a debate on how the central bank should react to the situation of progressive depreciation of the national currency. To wit, the rupee appears to hit 90 to a dollar in no time, […]
By Anjan Roy Controversial equity research firm, Hindenburg, has closed down, all of a sudden. Disbanding the operations, the firm’s founder and short-seller said that this “was only chapter of his life” not the only one. The news of Hindenburg closure immediately had a political twist in India. While, the ruling BJP had suggested that […]
By Anjan Roy The real import of the US department of justice (DOJ) indictment of Indian billionaire, Gautam Adani, on counts of corruption and bribery has been somewhat lost on the wider public. It is the geo-economics of US dominion over the rest of the world that has to be taken note of. It is […]
By Anjan Roy As president elect Donald Trump is edging towards taking over powers in America on January 20 next year, the country is lurching towards becoming a typical case of a plutocracy. Money bags, as opposed to public spirited men and women who have devoted a life time in public affairs, are coming to […]
By Anjan Roy Never before, an American presidential election evoked such widespread interest and concern across the world. This is because the presumptive president has given rise to fears and concerns about America’s policies which do not promise to follow the scripted lines. There is a sense of uncertainty all the way in the power […]
By Anjan Roy Although ice has apparently been broken between India and China over conflicts and confrontations in Demchok and Depsang areas in eastern Ladakh, tensions have not been eliminated fully. The hurriedly announced agreement, in the hours before BRICS summit in Russia’s Kazan on October 22-24, was directed more at the international audiences than […]
By Anjan Roy The Chinese economy is seeing deflation —that is, prices are really falling in real time— for 23 months straight. This has really raised the concerns of the Chinese political bosses which was reflected in the central bank move on Tuesday. The central bank cut its policy interest rates by the most ever […]
By Anjan Roy The US Federal Reserve chairman, Jerome Powell, has given a clear message from Jackson Hole, Wyoming, that the American central bank is all set to enter a rate reversal cycle. The Federal Reserve at long last would usher in a regime of lower policy rates. This was picked up […]
By Anjan Roy The latest inflation data, released by the union government on Monday, shows price rise at a lowest clip since 2019. This is good news. But it raises a series of questions as well. The last figure shows overall inflation rate of 3.54 per cent in July 2024, which is far lower than […]
By Tirthankar Mitra Reduced to a single Lok Sabha member from West Bengal post 2024 elections, the state Congress unit is busy picking up the pieces of the jigsaw which would help it arrive at the causes of its dismal state and chart its path of revival. Apart from an organisational rejig and the search […]
By Anjan Roy China has just concluded its “third plenum” (from 15 to 18 July) which traditionally re-examines and gives fresh directions in the country’s economic policy. The all-powerful Central Committee of the Chinese Communist Party generally holds seven plenums in five years, of which the third is devoted to looking at economic issues and […]
