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2 weeks ago | 
frontline.thehindu.com | C.P. Chandrasekhar |Divya Gandhi |Vaishna Roy
Advocates of neoliberal financial policies still argue that the post-1991 licensing of the so-called new generation private banks was a major step in enhancing competition and spurring “innovation” in the banking space.
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1 month ago | 
frontline.thehindu.com | C.P. Chandrasekhar |Sharada Srinivasan |Vaishna Roy
If the first month of Donald Trump’s second term as US President is any indication, global capitalism—under US hegemony—appears to be undergoing an internally driven restructuring. It must be noted that this process, as other restructuring episodes in the past—the New Deal following the Great Depression and the embrace of neoliberalism following the inflationary crisis of the 1970s—is driven by policy.
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2 months ago | 
frontline.thehindu.com | C.P. Chandrasekhar |Soni Mishra |Vaishna Roy
If an element of surprise is the hallmark of a good budget, then Finance Minister Nirmala Sitharaman can pride herself on having won the day on February 1. In a briefer-than-usual Budget speech, reflecting impatience to get to the end, she concluded with an unexpectedly large tax break for the tax-paying middle classes. The tax-free income level has risen from Rs.7 lakh to Rs.12.75 lakh and revised rates in different tax slabs give substantial benefits to those required to pay income taxes.
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Nov 29, 2024 | 
frontline.thehindu.com | C.P. Chandrasekhar |Karan Madhok |Vaishna Roy
When Azerbaijan as the Presidency of this year’s Conference of Parties (COP29) held at Baku, in Azerbaijan, informed delegates working on extended time that participating countries had arrived at an agreement, there were many who disagreed. India, using an odd metaphor, declared that the document was nothing more than an optical illusion. Others had been less diplomatic and called it out as a joke.
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Nov 27, 2024 | 
businessdailyafrica.com | Charles Abugre |C.P. Chandrasekhar
In multiple ways multilateralism, or the coming together of the international community to further global good, is under challenge today. ‘Conflicts’, not least among them the genocide in Gaza, are an obvious challenge. But there is in the economic sphere, a silent subversion of multilateralism underway that also needs to be stalled and reversed.
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Nov 24, 2024 | 
frontline.thehindu.com | C.P. Chandrasekhar |Mujibur Rehman |Vaishna Roy
In the global climate negotiations that continued at the 29th edition of the Conference of Parties (COP29) in Baku, Azerbaijan, between November 11 and 22, there was agreement on one issue. If the international community has to take forward a multilateral agenda to keep global warming below 2oC, and even better at the 1.5oC ceiling, finance to the tune of trillions of dollars will be needed in the years to 2030 and onwards to 2050.
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Oct 26, 2024 | 
frontline.thehindu.com | C.P. Chandrasekhar |Peter Ronald deSouza |Vaishna Roy
The Sveriges Riksbank Prize, the Nobel for “Economic Sciences”, has always been controversial. This is true of the 2024 award to Daron Acemoglu, Simon Johnson, and James Robinson as well. Typically, the economics Nobel is awarded to mainstream economists for work that directly or indirectly privileges the market in capitalist economies and makes a case for limited intervention by the state.
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Oct 13, 2024 | 
frontline.thehindu.com | R. Ramachandran |Saba Naqvi |C.P. Chandrasekhar |Prathyush Parasuraman
Gaza’s kids get oral polio vaccine“A RARE positive story from Gaza: the first round of the polio vaccination campaign ended successfully,” posted Philippe Lazzarini, the Commissioner General of the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) on his official X account on September 16. According to his post, UNRWA and partners vaccinated hundreds of thousands of children, reaching 90 per cent coverage.
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Oct 13, 2024 | 
frontline.thehindu.com | C.P. Chandrasekhar |Vivek Katju |Vaishna Roy
In early October, in a show of pique, a European Commission (EC) proposal to impose additional tariffs of up to 35.3 per cent (on top of the pre-existing 10 per cent) on electrical vehicles (EVs) imported from China was passed by a majority vote in the European parliament. With that vote, Europe joined the US in the effort to use high tariffs to block imports from China.
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Oct 4, 2024 | 
dhakacourier.com.bd | C.P. Chandrasekhar |Martin Guzman |Jayati Ghosh |Charles Abugre
Sri Lanka’s new president, Anura Kumara Dissanayake, must reject his predecessor’s recent debt-restructuring deal with bondholders. That agreement would inflict unnecessary pain on Sri Lanka’s population and set a dangerous precedent, undermining other developing economies’ ability to restructure their foreign debts.
