Martin Wolf: Overcoming the ‘middle income’ trap
The principal failure of these countries lies not in accumulating too little capital, but in using it poorly
India needs to implement Catastrophe Bonds to boost disaster recovery funding
There is a strong case for augmenting the recovery and reconstruction funds with extra-fiscal finance, funds mobilized through risk transfer mechanisms similar to insurance, tapping the risk appetite of investors with large and diverse portfolios of investments, who stand to gain by allocating tiny fractions of their corpus to high-risk but high-reward instruments
Why is there optimism in commercial vehicle firms in spite of declining sales?
With better utilisation of fleet and regulatory concerns behind them, there should be replacement of vehicles over the medium term
GST decision delays betray a lack of dynamism
GST Council meetings should focus more on taking concrete actions on key issues
Business, government joining hands to tackle climate change a force for good
As governments and businesses realise how climate change can upend life, joining hands can throw up solutions that can help both in the long run
World Trade Report highlights dangers of the new power-based world order
The old rules-based system of the global economy, of which the WTO was the lynchpin, is now defunct. It has been replaced by protectionism, geopolitical trade blocs, beggar-thy-neighbour policies and a focus on security
Chart of the Day | Are banks betting too much on renewable energy sector too soon?
Bank lending to renewable energy has galloped in the last two years. There are clear upside risks to this exposure that needs to be closely watched
Closing Bell: Sensex drops 398 pts, Nifty below 25,000; Tata Motors, NTPC, Adani Ports top losers
Stock Market LIVE Updates| Sensex Today : Among sectors, the Nifty Oil & Gas Index was the biggest loser, down 2%, followed by Nifty PSU Bank and Nifty Metal, which fell 1.8% and 1.5%, respectively. Nifty Auto and Realty also declined by 1.2% each. On the upside, Nifty FMCG was the top gainer, rising 0.3%.
Data-based credit need RBI’s push to grow
The huge credit hungry unorganized small business in India, which takes unsecured personal loans for business purposes, simply does not have enough clean assets to offer a security to lenders. The real strategic need for India is to make unsecured credit to small business safer with technology and data
Mario Draghi’s recommendations to strengthen CBAM pose a risk to domestic metal producers
A part of his report on improving the EU’s economic competitiveness deals with the Carbon Border Adjustment Mechanism, identifying risks in the design for EU producers and then recommending changes that could hurt exporters such as India
The curious case of Apple
Clearly this has something to do with the stickiness of Apple’s revenues, which are increasingly derived from services
RSS Post-Emergency Journey: Steering through political chaos and strengthening organisation
The RSS, after emerging from a 19-month ban, navigated complex political dynamics, including co-operation with the diverse Janata Party and handling internal controversies. Despite political upheavals, the RSS focused on organisational growth
Big oil’s buyback bonanza for investors has a sustainability issue
The industry has enjoyed a bonanza leading to bumper payouts to shareholders via buybacks, but sustainability remains in question
US will leave Europe to its fate. But when and how?
No matter who wins the White House, Europeans should know that Washington is drawing up scenarios for pulling out. They’re not pretty
Digital Deception: Navigating India’s regulatory maze to tackle ‘dark patterns’
Privacy deception in online services, like pre-checked consent boxes, exemplifies dark patterns manipulating user choices. A streamlined referral system between all the regulatory bodies could resolve conflicts and enhance regulatory effectiveness
Are rising natural gas prices a bullish signal?
A seasonal price trend may fool newbie retail traders into thinking it’s a bullish breakout in the making. Why the charts are misleading, on this occasion
Jumpy markets fret about risks to soft landing
While the US market was rocked by the downward revisions to the jobs data on Friday, Fed Funds futures are still pricing in only a 25 basis point rate cut at the September 18 Fed meeting
Bajaj Finance must leap over a tough quarter even as housing finance IPO sees frenzy
Bajaj Finance will have to wait to use the neat pile of cash it would get from the Bajaj Housing Finance IPO
Why are young bankers leaving the profession so soon?
Targets are given to bank employees to sell insurance products along with core banking products. Mounting pressure can create havoc as it leads to misselling or forced selling of products
Chart of the Day: India’s electricity generation mix improves in August
The share of non-fossil fuels in total electricity generation rose on strong growth in nuclear power and moderation in demand
US Steel takeover by Nippon Steel is weighed by the past
Clinging to a vanished history won’t save blue-collar workers from their date with destiny
Stock-selloff fears for September are overblown
Just because the historical data exhibits some seasonal softness doesn’t mean it will continue into the future
For ECB rate cutters, the music is as important as the words
Policymakers need to send confidence-boosting signals to bolster sluggish economies
How to inoculate the world against a payment fraud pandemic
Policymakers and police must work together on prevention while individuals should take more responsibility
How the Bharatiya Mazdoor Sangh was instrumental in revolutionisig India's trade union landscape
Over seven decades, the Bharatiya Mazdoor Sangh (BMS) has transformed India's labour movement from a Marxist-driven struggle to a nationalist, integrative approach. Rejecting class conflict, BMS emphasises national unity and the co-ownership of industry
