Ok, so let me be open about this. Trump and I are alike. Well, not in every which way – I am short, dark and I don’t dye my hair. But what we share is a mad fascination for the Godfather written in 1969 by Mario Puzo and filmed by Francis Ford Coppola in 1972. […]Read More Trump and I are alike in our love for Godfather
India’s poor were delighted yesterday, to read in the newspaper, that India’s Executive Director to the International Monetary Fund – the celebrated data scientist Surjit Bhalla, assesses India’s poor to have reduced from 21.2 per cent in 2011 to just 6.3 per cent by 2018. He also asserts that the fastest reduction in poverty happened […]Read More Ending poverty statistically
It can’t be very gratifying being the Finance Minister when the International Monetary Fund is calling out India for being a growth laggard pulling down world growth in 2019 to 2.9 per cent (from 3.3 per cent forecast earlier) and in 2020 to 3.4 per cent (from 3.6 per cent forecast earlier). International Financial Institutions […]Read More Is India the global fall-guy?
Finance minister Nirmala Sitharaman looked relaxed and happy while briefing the press in Panaji, Goa, on Friday about the proposed corporate tax reductions. Her estimate of the loss from the revenue foregone is Rs 1.45 trillion — equal to half the estimated defence expenditure this year. Normally, any FM under fiscal pressure would have mourned […]Read More Reform in driblets keeps the party going
President Trump does himself no favours by going out of his way to be deviant, as he did whilst addressing the UN General Assembly yesterday. Odd that a billionaire, realty tycoon should need to resort to coarse behaviour to stroke up self-confidence. Put it down to the testosterone filled hubris of corporate American, male machismo […]Read More Trump’s implicit advice to India
President Donald Trump’s administration is showing its a mean. mercantilist machine. Unsurprisingly, for it, international trade is a one-way street, with exports increasing wealth in America, at the expense of the importing economies and imports stealing American jobs. The psychosis is familiar territory for India and scores of developing countries. What is truly unusual is […]Read More Trump’s – “ugly American” redux
President Trump’s implicit assessment of the value of the G20 Hamburg summit was best illustrated by letting his daughter replace him, whilst he was away from his seat at the summit and to spend double the budgeted time, holding President Putin’s hand. We should take note. Did Trump try and devalue the G20, President Xi […]Read More G 20 summit: Not India’s turn to eat