A $3-billion UN investment in early warning systems (EWS), the Coalition for Disaster Resilient Infrastructure's (CDRI) Infrastructure Resilience Accelerator Fund (IRAF) with a promised sum of $50 million, and the Global Shield Financing facility are some of the other funding sources that would support the agenda.
It's been three years since India agreed 'in principle' to send liaison officers to the US Indo-Pacific Command (Indopacom) in Hawaii and to Special Operations Command (Socom) in Florida. But the eagles have not yet landed. India's defence ministry is no doubt 'seized of the matter,' but not enough to make a decision. External affairs ministry also has a say and no one knows why the files don't move faster.
RBI has kept the CPI inflation forecast for FY2023 at 6.7% - spiked by prices of cereals, milk and spices. Naturally, its FY2023 GDP forecast has come down to 6.8% from 7%. Since the highs of June 2022, food inflation has moderated in November. But RBI's worry is that there are not many factors that would taper down CPI in the immediate months.
Chocolates have a spike in demand when income goes up, as with any normal good. But they experience a rise in demand when the income of the consumer goes down too.
Public health experts are warning of a major exit wave of cases.
Anonymity could be the secret code to e-rupee's success.
It is the first time that BJP increases its tally of seats in Gujarat since 2002. It is also the first time it wins there with a single majority of votes, something that no party had achieved since Congress in 1985. Most BJP candidates won by huge margins across the state. Only 15 of the 157 seats it won were closely contested (with a victory margin inferior to 5%).
In the make-believe world of the film, there is a deeply spiritual and closely bonded community with very few needs and apparent contentment
Like the Windies skipper, PM Narendra Modi leads every battle from the front and disallows morale of his team to sag, even when potential adversaries replicate a few of BJP's tricks - as the Aam Aadmi Party (AAP) and Arvind Kejriwal do.
A new chatbot from OpenAI took the internet by storm this week, dashing off poems, screenplays and essay answers that were plastered all over Twitter by the breathless technoratti
Recent political developments highlight its self-correcting mechanisms and the power of people as citizens in difficult times
Among the curious trends in the data is the decline in government consumption expenditure during the quarter, even though there was a jump in public administration and other services. This is a new trend in GDP data that has been perplexing since the pandemic and has important implications.
During his recent United Nations General Assembly speech, external affairs minister S
As 2020 was defined by COVID, and 2021 by lockdowns, 2022 has been defined by wars
The fraction of integers able to be expressed as the sum of two rational cubes is well over 0%
It's a change that will make monetary policy more effective.
It should worry any central bank or a government which owns several banks if much of the innovations come from outside the mainstream banking system.
The Chinese Communist Party rarely steps back from mistaken policies
What is the countrys progress on recovering learning losses through the near-two year shut down of schools during the covid pandemic? Unsurprisingly, the all-India report card seems mixed, with systematic variations across states
The Reserve Bank of India (RBI) eased off a bit in its withdrawal of accommodation on Wednesday, after its Monetary Policy Committee voted to raise its repo rate by 35 basis points to 6
Inflation was characterised as well above target and expected to moderate, but print above 4% over the next 12 months. Seen in the context of cut in growth projection, the comment that further calibrated monetary policy action is warranted to keep inflation expectations anchored, break the core inflation persistence and contain second-round effects, appears decidedly hawkish.
All the talk lately about the size of US national debt is obscuring the real problem: The US government made the wrong bet on interest rates, and that will cost taxpayers for years to come
Its latest review offered no clear policy direction and this ambivalence could risk failure on both inflation and growth fronts
The Reserve Bank of India (RBI) announced an expansion in the functionality of the UPI Wednesday
All about the price cap imposed on Russian crude oil and its impact on Russia and the world
It seems the RBIs statements have been highlighting the hopes and aspirations of the economy while downplaying, or nuancing, the downsides.
Azmardas price has dropped, but why should a drug that's gone off patent still cost 50% of the innovator's price in India?
Supply snags will continue to cast a shadow over the country.
In the course of a chit-chat with other bankers, the conversation veered around to central bank digital currencies (CBDCs). A senior official of a global bank who was on a visit to India quipped that, at present, CBDCs look like a solution in search of a problem.
In 2021-22, Indias gross domestic product (GDP) growth was 8
Some think that retail CBDC is revolutionary because, unlike currency, it will remain on RBI's balance sheet. This comes from the mistaken belief that commercial banks execute real currency payments and loans. The truth is that commercial banks hold bank tokens in bank accounts (in lieu of actual currency deposits) and only convert those bank tokens into rupees on demand, at a branch or ATM.
Its obvious why fiscal and monetary policy both had to shift into rescue mode after covid bared its fangs in 2020 as a threat to the Indian economy
Since Sep MPC, several global commodity prices have shown signs of better stability
The World Bank predicts that Indias economy will grow 6.9% in 2022-23, up from the 6.5% estimated earlier
Indias G20 presidency presents an opportunity to take stock of the situation, assess the intensity of these challenges, and renew our commitments at both the national and international level
The first large-scale study of a four-day workweek has come to a startling close: Not one of the 33 participating companies is returning to a standard five-day schedule
An in-depth look at why children dropped out or went absent will help us tackle crisis-created challenges of education better
Rising incomes and internet penetration are helping blur the rural-urban divide.
Football draws 1,000 times as many fans, who try to buy tickets with complications of dealing in multiple currencies, etc.
India, like others, has been affected by the spillovers from the G10 CB actions
Time and cost overruns of central sector projects (CSPs) have remained a problem.
The US Supreme Court, in a landmark judgment in 1978, banned use of racial quotas for admissions to colleges and universities. In India, quotas are the norm. In university admissions and government and public sector jobs, 22% of the seats are reserved for scheduled castes and tribes (SC/STs), 29% are reserved for other backward classes (OBCs), and another 10% for economically weaker sections (EWS).
Unsustainable debt pile-ups make stagflation hard to fight and a moment of reckoning inevitable.
The Wests latest attempt to squeeze Russias earnings is just as futile as its other sanctions. India should initiate talks on a global treaty aimed at barring the weaponization of trade
Climate finance lies at the heart of climate action
India has directed investments well and made plenty of progress but distortions persist that could yet act as economic drags.
India has directed investments well and made plenty of progress but distortions persist that could yet act as economic drags
To accelerate climate finance, it is necessary to scale up various multilateral development banks like the World Bank, including the International Finance Corporation (IFC), as well as various development finance institutions.
Not only do services contribute the bulk of our gross domestic product, but their revival could also play the job-generation role
The governments thrust on Make in India is not just a visionary statement but the need of the hour, considering the fast-paced technological density, transformation and digital adoption happening now.
Today, there is grudging acceptance of Indias stance that it would take whatever position is in the best interest of its people.
With military gains unlikely, the US seems to have brought plans for diplomacy and dialogue out of cold storage.
In a baffling display of anti-monopoly zeal, NPCI wanted the top two to resist user demand and reduce their slice of a rapidly growing pie by the end of 2022
This was a pivotal moment, not only for India but for the entire world. Climate change is one of the biggest threats facing us all, and it is up to everyone to act now to ensure an inhabitable world for our children, and our children's children. It was fitting that Modi chose to make these net-zero and renewable energy pledges in Scotland, one of the first countries to declare a climate emergency.
A key role in reforms of the international financial architecture and leveraging of climate finance will be the modernisation of the Bretton Woods twins, International Monetary Fund (IMF) and World Bank, set up at the end of World War 2.
As I do not hang out anymore with literary novelists, people with a moral compass and those who study sociology, I feel highly optimistic about the immediate economic future of India
As both a buzzword and real-world application, artificial intelligence (AI) has found its permanent place in the public policies of governments around the world
The mention of Dharavi, Mumbais slum sprawl, evokes a variety of images and conjures up numerous associations
Indias real gross domestic product (GDP) grew by 6
Everyone and anyone with even the remotest interest in politics is anxiously waiting for 8 December
The most likely outcome of the December MPC review appears to be a 35 bps rate hike
San Francisco is stepping into an approaching future by planning to deploy robots to tackle dangerous assailants.
India must shield itself with the most efficient tech and equipment, but warding off a cyber threat is more than a question of technology.
High degree of discrepancies and manufacturing GDP shrinking significantly complicate the GDP estimates.
The crypto crisis highlights the imperfections of a free market, like the Lehman collapse did in 2008.
Japan and the Netherlands, crucial to deny tech export to China, don't want to toe the American line.
The Air India-Vistara merger will also bring its problems as has been seen globally and even in India.
Heard of the Erds number? Its named for the great Hungarian mathematician Paul Erds
More than 50 central banks are planning to issue CBDCs worldwide.
They are offering to take parental supervision to new levels, even flagging the moods of our children. But this opens a disturbing frontier that AI tool makers and users should be wary of
In recognition of how grossly unjust it has been to deny that right to the LGBTQ community, countries across the world have legalized same-sex marriages ever since the early 2000s, when the Netherlands became the first to do so
Biogen and Eisai caused a stir in September when they announced positive results in a late-stage trial for an Alzheimers drug, lecanemab
The current spate of states reverting to it poses a fiscal threat with serious portents for the financial stability of the country
The space ceded to the junior Indian partner by the Japanese company is in sharp contrast to other attempted tie-ups in India.
Santosh Iyer of Mercedes-Benz has blamed mutual fund SIPs for slow sales. But one of the problems could well be with the brand itself.
Jiang burnished Chinas global image, built bridges with India and took China into the WTO.
When the US-EU marriage is being rocked by several contentious issues, Macron's visit to the US is an attempt to find alignment.
While many countries are talking about an impending recession, there are very few such worries in India. Indian stock markets are at a historical high
We require an imaginative approach to raise funds without burdening any government, and not by robbing the rich to pay the poor
The divergence between Indias primary and secondary sectors resembles the income-wise K-shaped recovery
In recent months, India has embarked on a signing spree and operationalized FTAs with the UAE and Australia.
Well probably look back on 2022 as the year generative AI exploded into public attention, as image-generating systems from OpenAI and Stability AI were released, prompting a flood of fantastical images on social media
Our institutions of higher learning will need to adapt quickly as local campuses of foreign universities start springing up
The WMO has issued a report on water resources that can guide global climate adaptation and nudge countries with glaring crisis hotspots, like India and Pakistan, to take action
CPC has been show-casing a supposedly more efficient approach to dealing with crises and issues of governance.
Gautam Adani is ready to unveil his super-app, made by an inhouse startup he hopes will be the Ferrari of the digital world
CSR should not be reduced to a budget target in a country where theres plenty of responsibility firms must bear
Despite the many ways in which our privacy can be violated, we are, arguably, at our most vulnerable when the data weve entrusted to a service provider somehow makes it into the public domain