As bad loans mount, India gets tough on ‘wilful’ default
Kemrock Industries and Exports owns a golf course near its plant in western India and its chairman, Kalpesh Patel, talks of the high salaries he pays employees. Still, the company…
Economic effects of intangibles
Economics especially development economics is in limbo for sometime. The excitement of the dismal science is not there anymore. Quantification of variables of development (growth-market development-employment, etc) are mere indicators…
Recuperate tax justice system
The existing tax appellate system - hopelessly redundant, painfully unproductive and marred with inefficiency and inordinate delays - needs complete restructuring so that fiscal disputes between the State and taxpayers…
Ukraine’s EU policies all about money, power
When Ukrainian President Viktor Yanukovych faces EU leaders at an Eastern Partnership Summit that kicks off in Vilnius Thursday, the prevailing mood will be decidedly sour. Yanukovych has made it…
Emerging markets seek savers at home as foreign money drains away
As a decade's worth of easy foreign money starts to ebb away from emerging economies, their governments are renewing efforts to deepen domestic savings pools - even if change is…
A worrisome build-up
Last week, the Vatican released an "apostolic exhortation" authored by His holiness Pope Francis, which faults unfettered capitalism as "a new tyranny", and calls on political leaders everywhere to fight…
3D printer boom lures new wave of Japan entrepreneurs
Junichiro Asami gave up a stable job to join a group of Japanese entrepreneurs building businesses based on 3D printing, showing the sort of pioneering spirit Prime Minister Shinzo Abe…
Renewable energy
Pakistan is facing numerous challenges, topmost of which is the shortage of electricity as it is affecting every walk of life in the country. The businesses are unable to function…
Of US strategic allies
The proposer of the phrase "power corrupts; absolute power corrupts absolutely" thought corruption was the gravest sin; what he overlooked though, was that corruption (gift of power) is the off-shoot…
A woman empowered, empowering others
Women contributions to the economy are typically understated in most countries as quantifying the contribution of a housewife remains a challenge for national data collectors but those women engaged in…
