Optimism is good, but let’s not be foolhardy. It is good that we are feeling bucked up at the beginning OF 2018. Major economies expect growth in tandem for the first time since the global financial crisis of 2008. World trade is seen growing at a decent clip after two slow years. Commodity prices are firming…
4 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 4, Reuter – The Philippines’ gross national product (GNP) is expected to expand by 6.1 pct in 1988 after 5.1 pct growth in 1987, the Central Bank said in its annual report. Key sectors such as manufacturing, agriculture, mining, construction and services are…
28 July 1988 Reuters News English (c) 1988 Reuters Limited MANILA, July 28, Reuter – The Philippines plans to approach its creditor banks for a new-money loan package and the International Monetary Fund (IMF) for a new funding program this autumn, central bank governor Jose Fernandez said on Thursday. He told a news conference that…
27 August 1991 Reuters News English (c) 1991 Reuters Limited TOKYO, Reuters – India hopes to receive substantial financial aid from a consortium of donors next month, Finance Secretary Sriranga Shukla said on Tuesday. Shukla, in Tokyo for talks ahead of the September 19-20 meeting in Paris, said the International Monetary Fund (IMF) and World…
13 April 1992 Reuters News English (c) 1992 Reuters Limited TOKYO, Reuters – India intends to ask the International Monetary Fund (IMF) for more contingency funds, although foreign reserves are at a very comfortable level, Finance Minister Manmohan Singh said. Singh, who has spearheaded a series of sweeping reforms that have turned India’s socialist economic…
22 April 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, April 22, Reuters – One of the architects of India’s radical economic reforms said on Thursday the changes sweeping the country were irreversible despite recent religious and political strife. “Now there is no doubt about the permanence and irreversibility of reform. You cannot re-erect…
From the Editor These are extraordinary times and we witness extraordinary phenomena. Three weeks before the Union Budget, when finance ministers customarily crawl under their carapaces, the honourable Member of Parliament from Sivaganga delivered a rousing speech on national security. What he said, with feeling and not a little frustration, was that we Indians seem…
Take a deep breath and don’t run for the door Reading An Account of the Great Fear, or Grande Peur, that swept across France in July and August of 1789, I was struck by the description of what triggered the French Revolution: “economic concerns, rural panic and the power of rumour” With the BSE Sensex…
Independence Day is a good excuse for some economic chest-thumping. We should be proud that lndia is a free-enterprise democracy. Imagine the world’s burden if we were a basket case of 1.35 billion poor people. We may complain about inequality and the disproportionate number of billionaires, but it is possible to rise from rags to…
63 million ‘missing’ women: we need a pink revolution Look Carefully at all the Headlines, screaming or otherwise, that are popping up these days about corruption. How many of them feature women? Study after study has found over the years that more members of the ‘fairer sex’ in parliament and in the top echelons of…