While centre driven and managed high level economic changes, both structural and financial, are necessary, an assumption that the benefits of such changes will flow to the periphery through a trickledown theory
In recent days, when Adani group has become the “talk of the country” for whatever reasons, the criticism against Adani group has been mostly levelled by financial researchers, credit rating agencies, economists
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by Our Economic Affairs Correspondent “The IMF’s emphasis on fiscal austerity has proven to be misguided and has resulted in economic stagnation, high levels of unemployment, and increased poverty in many countries.”
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe has disregarded and trivialised the extent of illicit financial flows through trade mis-invoicing in instigating Sri Lanka’s ongoing foreign exchange and fiscal
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All those who are keen that India should successfully set up massive green hydrogen projects to overcome the impending energy crisis are greatly disappointed that Adani group has decided not to go
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You are an open wound And we are standing In a pool of your blood Rupi Kaur 25th of January 2023 was significant from a judicial standpoint, but it was a grim reminder
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Richest Indian Gautam Adani’s group on Sunday likened the damning allegations made by short seller Hindenburg Research to a “calculated attack” on India, its institutions and growth story, saying the allegations are
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Here we go again. The International Monetary Fund (IMF) is in command of Sri Lanka’s economy, barking orders and making demands in an effort to restore macroeconomic stability. The pattern is a familiar one. Back
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When an industrial group achieves spectacular growth, it is seen that those who cannot match the performance of the fast-growing group view such performance with surprise and disbelief. In such circumstances, the
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Shares of India’s Adani Enterprises (ADEL.NS) sank 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed firms, casting doubts on how investors
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The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 24 January 2023, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility
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If transportation technology was moving along as fast as microprocessor technology, then the day after tomorrow I would be able to get in a taxi cab and be in Tokyo in 30
More The sovereign default announced by Sri Lanka on 12 April 2022, was the cumulative result of fiscal folly over many years. This writer has attempted to uncover the root causes of our
More Apparel, tea and rubber exporters’ associations recently announced that they wished to ‘set the record straight’ on serious corporate fraud allegations made by the Central Bank (CBSL) on non-repatriation of export income
More In the 1920s and early 30s, John Maynard Keynes was embroiled in a controversy with the ‘austerians’ of his time, who believed that balancing the government budget, even in a time of
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China’s economic data for the year 2022 has been released in Beijing on Tuesday. The striking part is that China’s GDP growth slowed down to 3 percent. From an Indian perspective, it may seem
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