No Winner in Pakistan Election Courtesy: Gateway House
8 February 2024

No winners in Pakistani elections

As Pakistan heads to the polls, debt restructuring and economic recovery are on the ballot. The winner of the contest will inherit a weak economy while wielding little authority to implement reform, and will eventually shoulder the blame for the inevitable crisis.

1846053266.0 Courtesy: Vox
21 December 2023

Argentina’s new political currency

Since the 1980s, Argentina has witnessed repeated rounds of hyperinflation and recurring currency devaluations that made any forward-looking planning impossible. The new President, an outsider with unorthodox economic ideas, may finally enable the long embattled economy to break free from its troubled hyperinflationary past.

Screenshot 2023-11-29 at 6.07.50 PM Courtesy: The Indian Express
29 November 2023

Hamas’ ideology minus trust

Hamas faces an existential crisis in Gaza now that the Israeli army has captured its military headquarters and operating tunnels in northern Gaza. So far Israel has successfully ignored international pressure to limit its ground operation. In between are the Gazans, caught within an ideology they don’t trust.

im-889480 Courtesy: The Wall Street Journal
29 November 2023

Javier Milei’s difficult path ahead

Javier Milei defied expectations when he won the Presidential election in Argentina earlier this month. The public are looking for early and rapid results that will bring the economy back on a steady keel, even through radical reform. But sectors of the entitled old guard have already announced it will oppose any change in the status quo.

dhaka tribune Courtesy: Dhaka Tribune
18 May 2023

Dhaka on the Move

Dhaka recently hosted the Indian Ocean Conference 2023, a multi-country event featuring speakers and participants from the Indian Ocean countries. In recent years, Bangladesh has gone from a ‘basket-case’ to a case study in progress, and across Dhaka are signs of a city undergoing dramatic change.

Elon Musk Courtesy: Reuters
8 December 2022

Cautious optimism at the B20 at Bali

The author participated in the B20 Summit in Bali and saw in it a reflection of Indonesia’s culture and hospitality, but also its attraction for investors despite geopolitical stresses. Indian business can take a cue from Indonesia, and use India’s B20 engagement to push for ease of doing business and improved quality of life indicators – an additional condition for India’s G20 Presidency’s success.

FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis Courtesy: Reuters
14 July 2022

The rupee as regional currency

The Reserve Bank’s move to enable international trade in INR is a step towards regaining Indian primacy in the Indian Ocean region that the Indian Rupee once enjoyed. It is also an essential financial dimension that will add heft to India’s strategic SAGAR policy.

tt Courtesy: Telegraph India
1 July 2022

Tax Gold, Drive Smuggling

India has raised import duty on gold yet again. This will drive gold smuggling, whose nearly 16% return on investment therefrom will make hedge funds envious. Apart from loss of revenue, smuggling also means greater cash flows for the underworld, and potential terror finance.