Explained: How Sri Lanka fell into its worst economic crisis & what’s next

NEW DELHI: Sri Lanka’s economic crisis has only deepened further in the past few months, stemming from mismanaged government finances and ill-timed tax cuts in addition to the impact of Covid. Diminishing forex reserves, huge piles of debt, devaluation of currency, rising inflation and a falling economy has compelled the people to struggle for items … Read more

With repo rate hike, RBI has done what’s necessary

The RBI has decided to take the bull by the horns. It has raised the repo rate by 40 basis points and the cash reserve ratio (CRR) by 50 basis points to fight inflation. We believe these simultaneous policy announcements of adjusting both the rate and quantum of liquidity is a clever ploy. Interestingly, research … Read more

With repo rate hike, RBI has done what’s necessary

The RBI has decided to take the bull by the horns. It has raised the repo rate by 40 basis points and the cash reserve ratio (CRR) by 50 basis points to fight inflation. We believe these simultaneous policy announcements of adjusting both the rate and quantum of liquidity is a clever ploy. Interestingly, research … Read more

Explained: What’s behind Russia’s natural gas cutoff?

Russia’s Gazprom says it is halting natural gas supplies to Poland and Bulgaria, escalating tensions between the Kremlin and Europe over energy and Russia’s invasion of Ukraine — and adding new urgency to plans to reduce and then end the continent’s dependence on Russia as a supplier of oil and gas. Here are key things … Read more