The global monetary and financial system is lopsided and designed to favour rich countries; an alternative economic and political doctrine, which takes into account the needs of emerging economies like India, must now be articulated to end this one-sided architecture
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The Indian oil industry is changing. The recent bidding for Discovered Small Fields saw the emergence of small, independent oil explorers in a country that has been dominated by state-owned companies and only a few private sector firms
Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.
Global growth has become weaker than expected. Did the G20 at the Hangzhou Summit in September focus on reversing this trend and help build consensus in this direction?
The IMF warned at the G20 Summit, held last week-end, that the world economy was growing “too slow for too long” and the G20, as a group, needed to provide some clear answers. What did the Chinese G20 presidency achieve? And what will Germany have to look at in 2017?
At the G20 summit in Hangzhou, leaders are expected to discuss the potential for strengthening the international monetary system and the conditions under which SDR could play an important role in this regard. This is a step that is well overdue but will require a major leap in international policy coordination.
China will be hosting the G20 Summit in Hangzhou on the 4-5 September 2016. Huang Wei, Director of Research, Department of Global Governance, IWEP-CASS, gave an interview on the sidelines of T20 Mumbai where she discussed how structural reforms can add energy to the world economy and help stabilise financial markets.
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
Indian infrastructure financing has for long suffered from rating concerns, but recent changes to credit enhancement are helping to plug this gap, enabling investment by foreign insurance and pension companies, and stimulating project exports.
Prime Minister Modi’s tour of four African countries will seek to build upon recent high-level visits to the continent, providing fresh impetus for the reinforcement of India-Africa relations in matters of diplomacy, business, security, and energy while putting to rest criticism of India’s visibility deficit in Africa. However, the onus to harness this momentum now lies with other stakeholders.