DEATH OF GLOBALISATION
India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining BRICS
The meeting on Monday was the first ministerial meeting following BRICS expansion in 2023 when Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE joined Brazil, Russia, India, China, and South Africa as full-fledged BRICS members.
Is it a good idea for NRIs to buy insurance from India?
Indian insurance policies offer NRIs flexible options like insurance-cum-investment plans, including child plans, to secure their family's future. These plans provide essential financial security and peace of mind, especially for NRIs managing finances from afar.
Ex-PepsiCo CEO Indra Nooyi advises Indian students in US to be 'watchful' amid a string of tragedies
Former PepsiCo CEO Indra Nooyi advised Indian students in the US to prioritise safety and security, urging them to respect local laws, avoid drugs and excessive drinking. She emphasised the importance of staying alert, making wise choices, and seeking support from university resources and local communities.
View: Federal finance must globalise, with states allowed a bigger share of investments
As the world globalizes, the role of governments in national economies is rising. FPIs can invest in state government debt, but they do not. The Centre is hesitant to let state governments market their debt to migrants aggressively. Migrant workers have a calculus that is a little more generous than that of FPIs, when it comes to investing in their home states. Why prevent state governments from tapping into this fount of generosity?
Economic reform, criminal charges, unbroken 5-year term: The patchy legacy of Narasimha Rao
P.V. Narasimha Rao, a versatile figure known for his prowess in languages, statesmanship, and scholarship, earned the title of the "Chanakya of Indian politics" for his strategic maneuvers and significant economic reforms during his tenure as Prime Minister from 1991 to 1996. Rao, set to receive India's highest civilian honor, the Bharat Ratna, posthumously after more than 19 years, guided India through a transformative period, marked by economic liberalization and political challenges.
Queen of hearts & arts: How Denmark's queen Margrethe II dragged royalty to modernity in her 52-yr reign
Margrethe managed to stay away from scandal and modernise the institution -- allowing her two sons to marry commoners.
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View: Do not mourn the death of globalisation — like it or not, it is alive and kicking
Traditional data cannot capture the fantastic growth of globalisation through digital services. Much of it is free, and traditional statistics simply cannot capture the invaluable addition to human welfare through free services. ChatGPT has even made AI available to billions free of charge, an astonishing form of instant globalisation.
View: The death of J Walter Thompson is a larger historical brand loss
The rebranding of J Walter Thompson (JWT) to VML has caused astonishment and regret among veterans of JWT in India. JWT's history in India has been marked by offhand treatment from the global headquarters. JWT's first Indian office was set up in 1929 to handle the General Motors account, but faced resistance from a local agency.
Cough syrup deaths case: The meds they bought were toxic. Now Gambian parents seek justice
At least 70 children died from acute kidney injury in Gambia last year, cases the World Health Organization (WHO) linked to medicines made by Indian drugmaker Maiden Pharmaceuticals that were contaminated with diethylene glycol (DEG) and ethylene glycol (EG), toxins normally used as industrial solvents and antifreeze agents.
One-shot chikungunya vaccine found safe, effective in first phase 3 trial: Lancet study
"This could be the first chikungunya vaccine available for people living in endemic regions, as well as for travellers to endemic areas or areas at risk for an upcoming outbreak," said study lead author, Martina Schneider, Clinical Strategy Manager at Valneva.
Capitalism, Sitharaman style: The FM’s grand India show at World Bank-IMF meetings
The FM was full-on JNU as she shuttled from think tanks to hardcore World Bank-IMF meetings, arguing for debt restructuring, real climate financing not rhetoric, taxing multinationals sometime somewhere, rethinking globalisation and regulating crypto assets while aggressively pitching India’s digital success story on the side.
The death of globalisation? You won't find it in New Orleans.
Executives at the New Orleans port are wagering on that transformation: They recently unveiled a plan to spend $1.8 billion on expanding the port to a new site that can handle more trade and accommodate bigger boats.
India may have to battle a 'tsunami' of chronic diseases like cancer due to globalisation, predicts US oncologist
India will have to utilise the tech boom to safeguard her citizens from health scares, suggests experts.
We’ll return to the office in 2023 but not to stores
Now many of our pre-pandemic behaviours have returned, but we're also starting to see what's unlikely to ever go back to the way it was.
Inflation is raging because globalisation is fading
Eras of globalization don’t last forever. An earlier one ended with a bang in 1914. Our own may die a more protracted death. Well before the recent inflation scare, cracks began appearing in the globalization facade.
Ronnie Screwvala: No funding winter for startups with real business models
Ronnie Screwvala said that even today, there are investments being closed daily across multiple sectors, as the world faces a great deal of uncertainty over multiple macro-economic factors
Globalisation under the spotlight at Davos
The issue has become acute after Covid-19 and the misery at Shanghai port. The Chinese city has become a symbol of global supply chain woes after its factories were closed for weeks and containers piled up as China sticks stubbornly to a zero-Covid strategy, causing delivery delays worldwide. And since Russia's invasion of Ukraine, global food prices have hit an all-time high as the two countries make up a huge share of the globe's exports in several major commodities, like wheat.
Will the Covid-19 crisis redefine the globalised world order?
The COVID-19 crisis and its numerous fallouts can lacerate the already weakened roots of the globalised world order, with dire consequences for all the stakeholders, especially for those at the bottom of the socio-economic pyramid.
Pandemics do relate to globalisation, but this is hardly a recent phenomenon
Noted flu virologist Kennedy Shortridge believes that all flu pandemics that can be traced have always begun in China’s Guangdong province, a densely populated region where people, pigs, ducks, and other fowl have long lived cheek by jowl. The Spanish flu of 1918 may also have begun as bird flu in Canton in 1888.
View: Our world after coronavirus
It is up to the nations to step up and emerge from the crisis into a better future.
G20 accounts for 80% of world’s GDP, 90% of Covid-19 cases, 88% of deaths caused by it: PM Narendra Modi
The G20 states decided to inject over $5 trillion into the global economy as part of targeted fiscal policy, economic measures and guarantee schemes to counteract the social, economic and financial impacts of the Covid-19 pandemic.
View: De-globalisation & what emerging markets should learn from this
Emerging markets have been the biggest beneficiaries of the globalisation making them competitive. As the phenomenon loses its sheen in advanced economies, here's what lessons the emerging economies should draw from it.
Atal Bihari Vajpayee: The pregnant pause lengthens forever
Vajpayee, the first non-Congress leader to serve five years as prime minister of India, started his political career in 1939 as a Swayamsevak of the RSS.
Bring back Jadhav, but don't allow Pakistan to globalise bilateral issues: Congress to government
Congress said that it was very important for the government to take all steps to bring back Jadhav, who is facing death sentence in Pak after being sentenced by a military court there.
ICC condoles BCCI president Jagmohan Dalmiya's death
The ICC has expressed sadness on the sudden demise of its former President Jagmohan Dalmiya, who held the office from 1997 to 2000.
Delhi Gang rape: In a sad country, her death may birth hope
Efficient policing calls for a paradigm shift in the working of a force that still lives out the colonial dynamic of keeping subjects in their place.
FDI: Time to change mindset by opening up FDI in retail
The government of Gujarat has clarified, helpfully, that it has no problems with organised retail, but is opposed to overseas investment in the activity.
'Swiss banking secrecy has no place in globalised world'
Switzerland's bank secrecy laws and anonymous accounts have a long & shameful history: They have been used to help criminals conceal illicit gains.
Globalisation, connectivity will overtake protectionism in the West: Timothy Flynn, KPMG International
Timothy Flynn, Chairman, KPMG Int'l, says we need to have open markets both for talent and goods and services to move as an inter-connected world.
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