Food inflation has been the scourge of the Indian government for the past half-decade. The government is crowing a bit this month because, at long last, it has brought the rate of growth of inflation down by one per cent. Mind you, prices are still rising. They are just rising a bit slower than before. Cold comfort. Read more

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The East Asia Summit has begun in Bali, Indonesia, and is generating a lot more interest than such powwows normally do. The reason: we are seeing a recommitment by the United States to maintaining the stability of the Indo-Pacific area. Read more

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Earlier this week, one of the founders of the World Economic Forum in Davos and a long-time India enthusiast, Claude Smadja, spoke in New Delhi about what he felt was going on in the world today. Read more

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Pakistan’s economic situation is deceptively sounder than it actually is. It’s public debt is about 50 per cent of GDP. Its external debt is about a quarter of GDP. And it basically told the IMF that it doesn’t need the last $ 3.7 billion tranche of an emergency loan that it had negotiated with the multilateral financial body. Read more

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