The Narendra Modi government’s big problem is intellectual bankruptcy and relying too much on bureaucracy who have no political stake. Unfortunately, even BJP spokespersons fail to take credit for the government’s achievements
The international community has called for mediation to solve the Venezuela crisis after Vatican-backed talks last year broke down.
The economically struggling US island territory of Puerto Rico voted overwhelmingly on Sunday in favour of becoming the 51st state, although turnout was low and adding another star to the US flag likely faces an uphill battle in Congress.
Mammoth demonstrations across Brazil are putting even more pressure on embattled President Dilma Rousseff as she heads into a tough week for her attempt to survive impeachment proceedings in Congress.
The White House hailed a bailout deal between the eurozone and Greece on Monday as "a credible step" on the long path to economic growth and debt sustainability in the hard-up country.
The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold water on the idea of a new global "crisis."<br />
Rajan said he did not mean that another crisis was imminent but only was worried about the fact that the monetary policy was doing too much.<br />
Governments are elected for five years, but their effective work-life, especially if there are many things to be fixed and unpopular decisions taken, is much shorter. Modi needs to move fast.
Parliament defers vote on the formation of a national unity government until Thursday. Ukraine seeks aid from western powers despite possibilities of Russian boycott.
The BRICS economies are in the midst of a midlife crisis as a combination of factors including the failure to implement second-generation structural reforms and their move towards a growth-regime based on state capitalism, says American economist Nouriel Roubini.<br /><br />
"It's high time to save the nation from the clutches of the Congress party which is under the spell of bad governance. The party has emptied India's coffer and pushed the nation to the brink of a grave crisis," Modi said
Subbarao's aggressive use of interest rates to tame double-digit inflation (between March 2010 and September 2012) had only a limited impact on price rise, but succeeded in choking the growth rate of the economy
The economic crisis of 2013 is worse than 1991 because the pain this time is going to feel greater and the economy is being ineptly managed.
Comprehensive legal and police reforms and a financially empowered local government have to be part of the solution<br /><br /> <br /><br /> <br /><br />
Opening up many sector for higher FDI is good, but not when India is in poll mode. On the other hand, Chidambaram has fallen flat on his face with the RBI's decision to raise overnight rates
The present financial crisis in Europe and other countries is affecting Asian economies not just through trade or slower Asian exports, but through financial channels and can be compared to the Lehman shock of 2008, a senior ADB economist said
Neera Tandon, president of the Centre for American Progress, an eminent US think-tank based in Washington and Deepak Bhargava from the Centre for Community Change are the other Indian-Americans to have been invited by Obama for consultations
The economic and political timeframes for reforms to work are simply non-existent. The India Story faces a further mauling despite recent reforms