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Anjan Roy

By Anjan Roy As the three big names of Europe rolled into Kyiv by train on June 16 of for a pow-wow with the Ukrainian president, Volodymir Zelensky, Russia had warned France, Germany and Italy of consequences. President Emmanuel Macron of France, Chancellor Olaf Scholz of Germany and Prime Minister Mario Draghi Italy had thought […]

The post Oil Diplomacy Has Assumed Critical Importance For Survival Of Economy first appeared on IPA Newspack.

By Anjan Roy Unabated rises in food and fuel prices have kept India’s retail inflation at elevated levels. Even without getting into the nitty-gritty of detailed figures, the price trend are hurting and needs to be tamed if only for maintaining overall stability. Several questions are now cropping up: first of all, how defiant are […]

The post Food Prices Have Gone Up To Unbearable Levels For Common People first appeared on IPA Newspack.

By Anjan Roy Reserve Bank of India has done a delicate pirouette in formulating its monetary policy in the context of extreme volatility and uncertain turn of events. All that RBI has done on Wednesday is to raise the policy interest rate —called the repo rate— by half a percentage point.  This rate hike comes […]

The post Rise In Interest Rate By RBI Again Is A Part Of Its Plan To Deal With Global Headwinds first appeared on IPA Newspack.

By Arun Srivastava Assembly  of around 5 thousand clerics, Imams and Islamic scholars from all over the country in Deoband of Uttar Pradesh to deliberate on issues related to demolition of mosques and the Uniform Civil Code (UCC) during a two-day session organised by Ulema-i-Hind on May 28, was shocked to see with tears rolling […]

The post Muslims May Resort To Gandhian Mode Of Satyagrah To Fight Hindutva first appeared on IPA Newspack.

By Anjan Roy To talk of coincidence, ‘Geetanjali’ has got lucky for a second time in a hundred and ten years. In the first time, Rabindranath Tagore’s book of poetry, Geetanjali, won him a Nobel Prize in literature. Now, a century and more later, another Geetanjali, the Hindi writer of stories, is awarded the hugely […]

The post Geetanjali Shree’s ‘Tomb Of Sand’ Wins International Booker Prize first appeared on IPA Newspack.

By Anjan Roy The Economist newspaper of London, highly respected worldwide for its expertise and views on the global economy and issues, has predicted India to lead the economic recovery process as the fastest growing major economy. The paper refers to the India growth story in comparable terms to the remarkable rise of American economy […]

The post The Economist Of London Goes Gaga With Indian Growth Story first appeared on IPA Newspack.

By Anjan Roy Two days ago Russian President, Vladimir Putin, had warned the west of “unpredictable consequences” in case of continuing weapons supplies to Ukraine. What appears to be more and more unpredictable is the course of the war and its consequences. Russians are perhaps becoming impatient with Putin’s Ukraine war and voices are speaking […]

The post Russia’s Ukraine War Now Set To Be On A Long Term Course With High Tech Weapons first appeared on IPA Newspack.

By Anjan Roy The spring meeting of the World Bank and the International Monetary Fund in Washington has always remained a high point for those involved in the management of financial sector and public finance. For countries in a tight corner, the meeting is a lifeline.   This year’s Fund-Bank meet, just about started this […]

The post Fund-Bank Meet Crucial To Tackle Evolving Global Financial Risk first appeared on IPA Newspack.

By Anjan Roy The sinking of the flagship of Russia’s Black Sea flotilla MOSKVA is a significant turning point in the Ukraine war and also a lesson for military planners across the world. Russia does not yield the point that Ukrainian missiles would have downed the ship and maintains that an accidental fire on board […]

The post Sinking Of Russian Ship Moskva Is A Dangerous Turning Point In Ukraine War first appeared on IPA Newspack.

By Anjan Roy While a new prime minister has been elected by a rainbow coalition of opposition parties in Pakistan, it does not bode well for political stability in the country. Shehbaz Sharif, younger brother of former Pakistan prime minister, Nawaz Sharief, is an experienced political hand. But he would be hobbled by the same […]

The post Dealing With Debt Crisis Is The Foremost Task Of New Pakistan Government first appeared on IPA Newspack.

By Anjan Roy The Reserve Bank of India sees the prospects of higher inflation in the current year against the background of a volatile global economic situation. The RBI believes India will experience an inflation rate of close to 6% against 4.5% during the current fiscal year. RBI governor, Shakikanta Das, gave an assessment of […]

The post RBI Is Taking Higher Inflationary Pressures On Indian Economy Seriously first appeared on IPA Newspack.

By Anjan Roy The clawing back to the exchange rate of the Russian rouble to the US dollar in the recent  days is not too much of a mystery. It is simply because there is no demand for the US green back from the holders of the Russian rouble. Simply speaking, the Russians are not […]

The post The Mystery Behind Russian Rouble Reverting Back To Pre-Ukraine War Level first appeared on IPA Newspack.

By Anjan Roy The Reserve Bank governor, Shaktikanta Das, has reiterated that the primary objective of the monetary would continue to be price stability. In an environment of unprecedented uncertainty and flux, maintaining stable price line could be a daunting task. All principal variables which would critically determine the curse of prices in the economy […]

The post Ensuring Price Stability In Economy Must Be RBI’s Prime Focus first appeared on IPA Newspack.

By Anjan Roy Years from now, when the present will become history, generations will wonder how the world could have survived, if so lucky, with such hyper nationalists like Putin  in power. Russia’s Ukraine war is no longer a limited affair now. The distant thunder from the fringes of Eastern Europe is reverberating across the […]

The post Double Debacle Could Undo All Rational Calculations Made Before first appeared on IPA Newspack.

By Anjan Roy I never tire of recalling what Joseph Schumpeter, one of the greatest economists and scholars, wrote in his monumental tome: The nearer we are to an epoch the less we understand. Our own we understand the least. It is too early to make an assessment of Russia’s Ukraine war and its implications […]

The post Russia’s Financial System Takes Big Hits On Eighth Day Of Ukraine War first appeared on IPA Newspack.

By Anjan Roy As Russian military moves into Ukraine, our familiar world vanishes. The world order returns to the point when Winston Churchill had said “an iron curtain” was falling across Europe. The single step of a Russian soldier in Ukraine brings back the Cold War dispensation in international affairs. To be sure, the Russian […]

The post Putin’s War Is Not Just Against Ukraine, He Has Thrown A Challenge To West first appeared on IPA Newspack.