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Data also exposes large gap between advanced and laggard states By Anjan Roy India has landed with a bumper GST collection in April this year, indicating thereby that however much some economists had seen serious weakness in performance, the domestic economy is showing a robust trend. This year’s GST collections are roughly 20% higher than
By Anjan Roy So much for the much vaunted solidarity in the free world. The liberal and democratic nations of western Europe and America had vowed they were all standing firmly behind the besieged Ukraine to defend the free world against alleged Russian autocracy. The wide-ranging sanctions against Russia are starting to bite the western
By Anjan Roy The world has suddenly been pushed into a deeper crisis by a sudden decision of Saudi Arabia to cut oil production. Following the Saudi decision, the OPEC-plus members have also announced commensurate reduction in their oil production. Russia, Kuwait, UAE, Iraq, Algeria and Oman have also declared production cuts. The cuts will
by anjan roy now that the federal reserve, european central bank and bank of england have all raised their policy interest rates to fight inflation, there might be further flutters in the financial sector and several other ban
By Anjan Roy US policy-makers quick move to rescue the beleaguered Silicon Valley Bank is an object lesson in what can be described as “real economics” in parallel to real-politic. Real-politic is the art of playing politics in realistic manner. Real economics is similarly handling of economic issue realistically. We have of course seen some