Debashis Basu on “a stealth bull market”. Over the long term, stocks are slaves to profit growth. But over the short to medium term, stock markets react strongly to surprises and also to stories or narratives of expected profits. We are witnessing a combination of all these factors in the Indian market.
Tamal Bandyopadhyay: As geopolitical tensions rise, efforts to globalise the central bank digital currency take centre stage. But the financial system may face a significant interoperability problem in the near future
The
first edit says Vodafone Idea’s debt conversion should not be delayed for telecom competition to be healthy. According to the
second edit, unless a holistic approach is adopted to curb all sources of pollution simultaneously, this peril is hard to surmount.
Pre-electoral giveaways are not the best ways to help the poor. Taxing the rich is a good way. We have a ballooning inequality and there is a compelling argument to tax the rich.
-Nobel laureate in economics Abhijit Banerjee
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