Articles written by
k raveendran

By K Raveendran The Narendra Modi government, facing persistent criticism that the poor has become poorer and rich richer under its policies, couldn’t have asked for anything better. The IMF has literally ‘come to the aid of the party’ asserting that India’s achievement in financial inclusion is truly remarkable. The certificate will be of great […]

The post IMF Provides A Shot In The Arm For Modi’s Campaign For 2024 Polls first appeared on IPA Newspack.

By K Raveendran A graph tweeted by Rahul Gandhi, sourced to ‘India’s Consumer Economy 360 Survey’, and showing that between 2016 and 2021 income of the poor class decreased by about 50 per cent has put the focus on the think-tank that produced the survey report.  Rahul cited the graph to back his claim that […]

The post Minefield Of Labour Statistics: Confusing Signals And Conflicting Claims first appeared on IPA Newspack.

By K Raveendran An IMF working paper has commended India’s digital public infrastructure (DPI), which is known by the term India Stack, as a great success and recommended it for other countries, but with a rider that these countries may not have India’s enabling factors such as a vibrant ecosystem that includes a huge pool […]

The post IMF Paper Recommends India’s Digital Infrastructure For Adoption By Other Countries first appeared on IPA Newspack.

By K Raveendran With the US Federal Reserve set to continue raising interest rates to combat record inflation rates, the highest in 40 years, there are calls that the Reserve Bank of India deviate from its traditional policy of mirroring the US interest rate hikes. The RBI has effected six consecutive rate hikes despite an […]

The post It May Be Time For RBI To Decouple From Policies Set By U.S. Federal Reserve first appeared on IPA Newspack.

By K Raveendran It is increasingly becoming clear that the crisis in global banking has not played out even a small part. While the immediate fallouts leading to bankruptcies and similar consequences appear to have been contained somewhat, fears are lingering. The prospects of a recession in the global economy stand more pronounced than before. […]

The post Global Banking Crisis To Further Hit India’s Problematic Tech Job Situation first appeared on IPA Newspack.

By K Raveendran Incumbent ruling dispensations disfranchising former rulers and banning them for life from contesting elections is something that one often associates with countries with fragile democracies. Indians are used to news about politicians losing their seats in parliament and being debarred from contesting elections on account of corruption and other offences from across […]

The post Rahul Disqualification Puts India In Unenviable League Of Nations first appeared on IPA Newspack.

By K Raveendran Post-1947, life in jail during independence struggle was considered a decoration for any politician or even common citizen. After Indira Gandhi’s Emergency, it was a jail term during the dark days that recognized one’s political mettle. During Modi’s era, the attribute of a good opposition politician is a raid by Enforcement Directorate […]

The post Choksi Challenges The Might Of Indian Nation To Get Himself Struck Off Red List first appeared on IPA Newspack.

By K Raveendran Gold is within striking distance of $2,000 per ounce in the international market and seems set to revisit its historical high, which was $2067 in August 2020.  The latest price is around $1962 and is showing no signs of any immediate correction. In India, the precious metal has already touched a lifetime […]

The post Gold Near $2,000 And Fast Approaching Its Life-Time High Amid US, Swiss Banking Crisis first appeared on IPA Newspack.

By K Raveendran A question to ChatGPT whether a Silicon Valley Bank-type bank failure could happen in India produced a very reassuring answer. While noting that any bank, including SVB type bank, can fail due to various reasons such as mismanagement, fraud, economic turmoil, etc, ChatGPT believes the Reserve Bank of India (RBI) will ensure […]

The post ChatGPT Response To U.S. Bank Failures Discounts Impact On Indian Banks first appeared on IPA Newspack.

By K Raveendran The International Monetary Fund (IMF), which is in principle opposed to all forms of subsidies, has favoured a gradual increase in subsidies by India on the use of renewable energy, while collecting higher taxes on emissions. IMF considers energy subsidies as wasteful expenditure and estimates that as much as 6.5 percent of […]

The post IMF Favours India Increasing Subsidies On Renewable Energy For Net Zero Success first appeared on IPA Newspack.

By Arun Srivastava There is a famous Sanskrit adage, “Ati Barjayet”; meaning excess is forbidden. But looking at the practices and politics of Narendra Modi it could safely be construed, though he claims to follow principles of Sanatan Dharma and Hindutva that it does not apply to him. Else instead of pursuing wisdom of political […]

The post Narendra Modi Govt Is Pursuing Its Opposition Mukt Bharat By Using Central Agencies first appeared on IPA Newspack.

By K Raveendran This week was momentous for democracy, freedom, liberty and corporate governance in the Supreme Court, a week that saw a number of landmark decisions that made democracy more meaningful being squeezed into the relatively short period. The first and foremost was of course the decision to change the procedure for the appointment […]

The post Momentous Week For Indian Democracy As Supreme Court Orders Course Correction first appeared on IPA Newspack.

By K Raveendran Western nations, led by the US, slapped economic sanctions against Russia, targeting its financial system, oil and gas exports, and thousands of oligarchs in the hope that Moscow will be brought down to knees for having invaded Ukraine. In fact, the World Bank, International Monetary Fund, and Organisation for Economic Cooperation and […]

The post Gallup Survey Shows Russian Economic Outlook Better Than Pre-Ukraine Scenario first appeared on IPA Newspack.

By K Raveendran Notwithstanding the symbolism of President Joe Biden’s unannounced visit to Ukraine, the fact remains that America’s claim to be the world policeman has suffered serious drubbing as the world marks the first anniversary of Russia’s Ukraine war this week. Ukraine has put to test the US resolve, raising fundamental questions about its […]

The post Russia Emerges Relatively Unscathed From Embargo As Ukraine War Completes One Year first appeared on IPA Newspack.

By K Raveendran The Supreme Court this week pronounced a few home truths about the state of our nation. The ‘confession’ came by way of oral remarks in a petition seeking to debar persons against whom charges have been framed in serious offences from contesting elections. But the court’s observations, though making distressing reading, cannot […]

The post Supreme Court Laments Loss Of Values, Morals As Major Failing Of Nation first appeared on IPA Newspack.

By K Raveendran The global electric vehicles (EV) industry is facing a slow down after two years of vigorous growth. The trend is also getting reflected in the Indian industry. Globally, this is forcing manufacturers to cut prices and India does not seem to be an exception. According to Rystad Energy EV specialists, from the […]

The post Dip In Demand, Tax Changes Prompt Price Cuts By Global EV Industry first appeared on IPA Newspack.

By K Raveendran Nirmala Sitharaman’s budget has played truant with the gold trade, which is in the throes of a crisis for what the finance minister has not done rather than any act of commission in her last full-fledged budget of her current tenure. The gold trade had been looking for a cut in the […]

The post Budget Shock Tricks Gold Trade, Imports Plunge To 32-Month Low first appeared on IPA Newspack.

By K Raveendran It is no joke that under Indian laws anyone can be hauled up at any time, anywhere, because there are some laws that can be slapped against anyone who the authorities are not well-disposed towards. In fact, these laws have become a tool of repression and reprisal at the hands of the […]

The post IT Department Must Be Taken To Task For Ignoring BBC Violations All These Years first appeared on IPA Newspack.

By K Raveendran In a desperate bid to defend Adani, an orchestrated attempt is being made to present shorting as something undesirable and even abominable. Adani himself has tried to pretend that the action by US investment firm Hindenburg in exposing the irregularities in his group’s accounting practices as an attack against India and the […]

The post Shorting Being Made Scapegoat For Adani Group’s Woes Due To Malpractices first appeared on IPA Newspack.

By K Raveendran Further hikes in steel prices are in the offing as upside risks in the global markets have strengthened in recent weeks. Faced with a decline in global production, manufacturers across the world are raising their prices. Indian steel mills have already effected a 3-5 percent increase in prices across the board, with […]

The post Reversal Of Fortunes For Steel Industry As Price Increase Picks Up Momentum first appeared on IPA Newspack.

By K Raveendran With China slowly reopening after it abandoned the zero-Covid policy, global markets are bracing up for an industrial inflation, denoting higher industrial material prices. Already signs of importers of Chinese goods and materials having to dish out more for their requirements are visible, according to analysts. China’s zero-Covid policy has been central […]

The post China Reopening Changing Market Dynamics Impacting Importers first appeared on IPA Newspack.

By K Raveendran Increased tax collections in view of a post-Covid pickup in the economy, easing of commodity prices as part of a global trend and lower subsidies on account of a reduction in food and fertilizer subsidy, apart from the withdrawal of Covid-related reliefs have given finance minister Nirmala Sitharaman a lot of elbow […]

The post Relatively Favourable Conditions Help Finance Minister Go For A Capex Boost first appeared on IPA Newspack.

By K Raveendran ‘Insha Allah’ is a term used extensively by Arabs and Muslims across the world to mean ‘god willing’. But according to Arabic linguists, Insha Allah means ‘only if god willing’. There is a subtle difference between the two usages, the former denoting a lot more optimism than what may be warranted. This […]

The post God Can’t Save Pakistan From Its Present Predicament, Only IMF Can first appeared on IPA Newspack.

By K Raveendran A new advance in AI technology, leading to the development of OpenAI-created ChatGPT, is threatening to become the nemesis of data entry jobs, entry-level copywriting, customer care and support centres, and even entry-level software developers. ChatGPT promises to be a great tool for marketeers as it can produce highly effective pitches on […]

The post New AI Technology Threatens Thousands Of More Entry-Level Jobs first appeared on IPA Newspack.