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Ajay Banga, right man for the moment

Climate finance, funding private entrepreneurship, rebuilding war-torn Ukraine apart from democratizing World Bank should be priority K.A.Badarinath Ajaypal Singh Banga, nominee of US President Joe Biden to head the multi-lateral World Bank, has his task cut out. Banga may not turn out to be a traditional banker in the sense like many of his predecessors. …

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Make the best with change in mind-set

Cooperatives can deliver $ one trillion economic expansion; provide work opportunities to millions and fuel boom in grassroots firms K.A.Badarinath Fourth pillar of Indian economy is on the resurrection mode. From state-owned public undertakings, private and foreign companies, cooperative enterprises considered as fourth engine of economic growth are in for a big makeover. Taking cooperatives …

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A responsible budget sans fiscal profligacy!

All inclusive growth strategy is the foundation to an independent developed economy and ready Bharat to play a larger global role K.A.Badarinath Bharat’s finance minister Nirmala Sitharaman presented a responsible budget on behalf of the BJP-led government on Wednesday. It is on expected lines. Conservative in content and spirit, but the budget for 2023 – …

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Ten point plan to engage with Afghanistan

Taliban may have to sever its links with all terror outfits if development and economic activity has to return. India can play its positive part K.A.Badarinath Afghanistan is in the vortex of terror. If Afghanistan former intelligence chief  Rahmatullah Nabil was to be believed the country is housing most terror groups including Jaish e Mohammad …

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FTAs, free for all?

Free trade agreements with Japan and South Korea have not worked in India’s favour. Will the deals with Australia and UAE deliver? K.A.Badarinath After Canberra ratified the India Australia Economic Cooperation and Trade Agreement (IndAus ECTA) on Tuesday there was huge sense of achievement that overtook the establishment and media outlets. While fine print was …

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Sovereign Green Bonds for India’s Green Goals

Background In the budget speech of 2022, India’s Finance Minister, Nirmala Sitharaman had announced issuance of sovereign green bonds (SGBs) to achieve the country\’s objective of carbon neutrality by 2070[1]. In October this year, the Finance Ministry approved the SGB framework which is designed to gather funds for supporting state-run projects which will reduce carbon …

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New India’s Rupee Goes Global & Dematerialized!

Oil and gas deals, gold imports, small & medium ticket trade payments must be settled in rupees. Russia jumping on to the rupee bandwagon is a big breakthrough even as India readies to overtake Germany as third largest economy.   K.A.Badarinath Two significant developments this week have made the trajectory on Indian rupee very clear. …

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Indo-Japanese Relations Go Beyond the Pacific

Modi and Kishida talks point to evolving common strategies that may spill over to multi-lateral engagement at G-20 and G-7 Amritpal Kaur Prime Minister Narendra Modi’s recent Japan visit was not limited to paying tributes to Abe San. Apart from representing India at his former Japanese counterpart’s funeral, Prime Minister Modi seems to have established …

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