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The ability to build consensus on economic reforms

Ahluwalia’s new book Backstage is a fascinating read. Irrespective of one’s political or economic learning, this book will kindle the interest of economists and policy enthusiasts. Let me start with the positives: the book seamlessly elucidates the intricacies of policymaking in India. The author has shared the nuances of various policy

Cheer on cheap gas prices

The big crash in the prices of crude oil and natural gas will bring humongous savings in India’s import bill. The country’s oil imports were estimated at 225 million tonnes (MT) in 2019-20 and import bill on petroleum products at $105 billion. In the coming year FY21, there can be

Tic Toc to Tokyo 2020

Every 4 years in the summer, the world witnesses a grand, opulent sporting event, the Olympic Games. Several thousand hours of training and planning will culminate in an extravagant sports competition among nations. Scheduled for July 2020 at Tokyo, Japan, will the 32nd Summer Olympics take place amidst a global pandemic? The

Protests – Hong Kong and Shaheen Bagh…

The Janata curfew and the quick follow-up action of locking down 75 districts, including Chennai and Delhi, seem to have helped. For over eight months from June 2019 Hong Kong was on the boil. Citizens assembled in the thousands protesting the Fugitive Offenders Amendment Bill (which, among other things, provided for

A centre for public finance for TN

In the heydays of the SPIC Group, its head A C Muthiah liberally endowed resources for research and development. The SPIC Science Foundation, the Chennai Mathematical Institute, the SPIC Agro Biotech Centre and the Madras School of Economics (MSE) under the chairmanship of Dr R J Chelliah were established. Another

Services PMI rises to 7-year high at 57.5 in February 2020

What is Services PMI? The Services PMI is compiled by responses to queries sent to around 400 service sector companies in sectors like transport, consumer segment other than retail, information, communication, finance, insurance, real estate and business services. Survey responses are collected in the second half of each month and indicate

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