Economic Survey 2024-25: Deregulation is the way to go

The CEA’s fervent wish is reminiscent of what Samuel Johnson once said of second marriages. They represent ‘the triumph of hope over experience.’ The reason is simple. The Survey is authored by technocrats under the leadership of the CEA, who, unfettered by the compulsions of realpolitik, are free to make suggestions that most democratically elected…

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2024 confirmed Earth’s hottest year ever, alarming 1.6°C rise in temperatures: Report

The year 2024 is confirmed as the hottest year on record with a global average temperature of 15.10°Celsius, overtaking 2023, the previous warmest year, by 0.12°Celsius, the latest report by Copernicus Climate Change Service (C3S) has revealed. 2024 is also the first calendar year that the average global temperature exceeded 1.5°Celsius above its pre-industrial level,…

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Largest MFI joins peers in flagging stress pockets

According to Udaya Kumar Hebbar, managing director, collections were delayed due to a combination of movement restrictions during the general elections, and more borrowers turning untraceable as they moved to cities. Stress owing to migration was visible in states like Rajasthan, Gujarat and Madhya Pradesh, Hebbar said.   Earlier, Kotak Mahindra Bank and Ujjivan Small…

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Modi vibes well with Trump. But India may not be ready for a second Trump presidential term

Should Trump emerge as the 47th President of the US, as is highly likely, global geopolitical and geoeconomic conditions would swiftly change, given his economic policy plan announcements. This will impact India directly and indirectly through the global spillovers. At a bilateral level, Trump has more than a working relationship with Prime Minister Narendra Modi….

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