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Economy

Can US Sanctions Hurt Russia

United States President Joe Biden warned on Wednesday that he thinks Russia will likely enter Ukraine. A few hours earlier, Secretary of State Antony Blinken told Kyiv to be ready for an invasion and to prepare for tough days

India On Recovery Path, But ..

India’s overall macroeconomic situation is in a recovery mode but the growth is concentrated at the top end, which is a worrying trend, according to former World Bank Chief Economist Kaushik Basu. Amid the rising inflationary trends,

Year-end Indian Economy Briefs

Winter Parliament session gives key economic bills a miss Expectations of the winter session of Parliament that ended in the last week of December were high. Several economic bills were likely to be introduced, giving the much-expected

How India Balances US, Russia

New Delhi, India–Last week India signed a pact with Russia to produce more than 600,000 Kalashnikov AK203 rifles in the northern Indian state of Uttar Pradesh. The $675m deal may be relatively insignificant in dollar terms compared to the

Cryptocurrency Bill in Parliament

The central government has proposed to present a Bill on cryptocurrency in the upcoming Winter Session of Parliament to facilitate creation of the official digital currency to be issued by the Reserve Bank of India (RBI). The Bill,

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