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The Chinese Renminbi is now the first in the developing world to find a place in IMF’s basket of reserve currencies. But the road to its inclusion becoming effective is still almost a year away. In this time, China will likely further integrate its currency with global markets
Courtesy: Wikipedia
The IMF will soon consider an important change to its policy on lending that may help continue its bailout programme to Ukraine, even if Ukraine defaults on a loan from Russia that matures in December 2015. If it does make the change, the IMF could be staking its credibility to favour the West’s political agenda
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Modi’s second visit to the U.S. in September indicates a growing partnership in such areas as business, technology, and climate change. Though gaps too remain—for example, India is not part of the TPP and its bid for a UNSC seat is on hold—for now, it is time to consolidate bilateral meeting points, and India can start by simplifying its trade policy and tariff structure
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The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
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Prime Minister Narendra Modi's outreach to the influential Indian diaspora in Silicon Valley in September should be centered on creating an Indian ecosystem for tech start-ups
Courtesy: Jitender Gupta
The revised Indian Financial Code brings some alterations to governance within the RBI. At the heart of these changes is the belief in a popular myth that lower interest rates will lead unquestionably to higher economic growth
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After respite from the U.S. government, Cuba now faces the daunting task of reviving its economy without having to give up on its political ideology. The Singaporean model of limited democracy is something Cuba could emulate.
Courtesy: Taneli Rajala
The 'Make In India' campaign could learn from the manufacturing success story of Mexico which has come to be called as a 'rising global star in manufacturing’ and 'the China of the Americas'. Prime Minister Modi can seek inspiration from President Enrique Peña Nieto who has brought about a dozen major reforms by forging a historic consensus with the opposition parties through the Pact for Mexico.
Courtesy: IMF
The IMF’s 2014 review has some good GDP news but its reservations on interest rates bears closer attention. It can take 32 months for the effects of a an interest rate cut to be felt. What does this mean for the Indian economy?
Courtesy: wikimedia.org
Global markets stumbled across all asset categories in the first two weeks of 2015. With the domestic economy showing signs of improvement, structural improvements are now needed to shield the Indian economy from such shocks