Economist

  • Waste of human resources to retire civil servant at 60: Meghnad Desai 1 week ago

    New Delhi: India-born British economist and Padma Bhushan awardee Lord Meghnad Desai said 60 years of age was too early for civil servants to retire and they should be allowed to continue their services if they are delivering them in a perfect manner. "It is a total waste of human...
  • FDI in online retail will help in aggressive growth: Amazon September 11, 2014

    New Delhi: Global retail giant Amazon on Thursday said that allowing foreign direct investment in eCommerce will help in accelerating further growth in the $3 billion Indian online retail market. "We are already very successful but FDI would make possible to spin it more aggressively," Amazon Vice-President and Managing Director...
  • Four gen-next Indian-origin economists in IMF list of 25 August 30, 2014

    Washington: Four economists of Indian origin have been featured in the International Monetary Fund's (IMF) list of 25 economists under 45 who are shaping the way one thinks about the global economy. The "Generation Next" list of "economists under 45 (who) will have the most influence in the coming decades on...
  • Italian PM hands out ice cream in response to magazine cover August 30, 2014

    Rome: Italian Prime Minister Matteo Renzi has handed out ice creams to journalists at his official residence in a lighthearted response to a cover of The Economist weekly showing him on a sinking ship, cone in hand. Shortly after presiding over a cabinet meeting on Friday, Renzi called a press conference...
  • 'Indianomix' full of multiple gems which makes it a must read May 27, 2014

    I will begin this review by saying that this book is not 'Freakonomics'. Due to the success of books such as 'Freakonomics' and 'The Undercover Economist' which in turn has spawned off a multitude of me-toos, most reviews of the book tend to be focusing on comparisons with the above...
  • Subramanian Swamy flays 'The Economist' for editorial against Narendra Modi April 6, 2014

    Senior BJP leader Subramanian Swamy on Sunday took strong exception to an editorial by London-based 'The Economist' magazine against Narendra Modi, terming it an attempt to "interfere into India's internal affairs". The External Affairs Ministry should immediately take up the matter with British High Commission and seek an explanation since "the...
  • Bangladesh to take legal action against noted economist Muhammad Yunus September 9, 2013

    Bangladesh's cabinet on Monday decided to initiate legal action against noted economist and Nobel prize winner Muhammad Yunus for what it called "irregularities during his time as head of the Grameen Bank". The cabinet meeting with Prime Minister Sheikh Hasina in the chair made the decision after receiving a probe report...
  • I wouldn't vote for Modi, have no particular affection for him or Rahul: Bhagwati July 26, 2013

    Well-known economist Jagdish Bhagwati has criticised Amartya Sen saying he's the only economist to have hurt India's poor. Speaking to CNN-IBN Deputy Editor Sagarika Ghose, Bhagwati said, "He's the one economist who hurt the poor twice. Whether he deserves the Bharat Ratna or not, that's not for me to decide." ...
  • I wouldn't vote for Modi, have no particular affection for him or Rahul: Bhagwati July 26, 2013

    New Delhi: Well-known economist Jagdish Bhagwati has criticised Amartya Sen saying he's the only economist to have hurt India's poor. Speaking to CNN-IBN Deputy Editor Sagarika Ghose, Bhagwati said, "He's the one economist who hurt the poor twice. Whether he deserves the Bharat Ratna or not, that's not for me...
  • US: Obama to name Jason Furman as chief economist June 10, 2013

    Washington: President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said. Furman, who will replace economist Alan Krueger as chair of the White House's Council of Economic Advisers (CEA), has a Ph.D in economics from Harvard University and...
  • Gujarat has made major contribution to India's growth: Modi April 20, 2013

    Ahmedabad: Gujarat Chief Minister Narendra Modi on Friday said the development that took place in Gujarat over the last 12 years has contributed immensely to the growth of the nation. Speaking at an event, he said "they may like it or not but political pundits and economists have to accept...
  • How a student took on Harvard economists over errors and won April 18, 2013

    New York: When Thomas Herndon, a student at the University of Massachusetts Amherst's doctoral program in economics, spotted possible errors made by two eminent Harvard economists in an influential research paper, he called his girlfriend over for a second look. As they poured over the spreadsheets Herndon had requested from...
  • Obese air passengers should pay extra: Economist March 29, 2013

    Airlines should charge obese passengers more, a Norwegian economist has suggested, arguing that "pay as you weigh" pricing would bring health, financial and environmental dividends. Bharat Bhatta, an associate professor at Sogn og Fjordane University College, said that airlines should follow other transport sectors and charge by space and weight. "To the...
  • Modi served notice for anti-Manmohan Singh remarks March 11, 2013

    Bangalore: A local Congress leader has sent a legal notice to Gujarat Chief Minister Narendra Modi asking him to apologise and withdraw his remarks calling Prime Minister Manmohan Singh a "night watchman" of Gandhi family. "... Modi should do it (apologise or withdraw remarks) within three days of receipt of the...
  • Economist-Crossword Book Award: 'Incredible Banker' wins best popular book October 19, 2012

    Mumbai: 'The Incredible Banker' by Ravi Subramanian has bagged the 'best popular book' award for 2011, instituted by the Economist-Crossword Book Award. 'The Folded Earth' by Anuradha Roy won the award in the Indian Fiction category while the Indian Non-Fiction award went to 'A Free Man' by Aman Sethi, '17'...
  • Kaushik Basu is World Bank's new Chief Economist September 5, 2012

    New York: The World Bank on Wednesday appointed Kaushik Basu as its Chief Economist and Senior Vice President. Basu (60) will begin his term on October 1, World Bank Group President Jim Yong Kim said in a statement. Basu, who replaces Justin Yifu Lin, was Chief Economic Adviser in India's Finance...
  • Why Clinton was right: It's the economy, s*upid August 30, 2012

    With the doom and gloom surrounding the economy, what's at stake this election in the US, and what role does the world want BRIC nations to play? New York Bureau Chief of The Economist, Matthew Bishop, has all the answers. ...
  • Raghuram Rajan: meet India's chief economic advisor August 30, 2012

    Raghuram Govind Rajan is the chief economic advisor to the Government of India. Born in Bhopal on February 3, 1963, he graduated from the Indian Institute of Technology, Delhi in electrical engineering. He went on to secure the Master of Business Administration degree from the Indian Institute of Management, Ahmedabad...
  • India should not take growth for granted: Manoj Pradhan June 26, 2012

    Manoj Pradhan Age: 42 Profile: Global Emerging Markets Economist at Morgan Stanley Career: He has served on the faculty of the economics departments at the State University of New York (Stony Brook) and the George Washington University in Washington DC from 1998 to 2004 Education: PhD in Macroeconomics from the George Washington University and...
  • Reforms can boost morale in India: Kaushik Basu June 20, 2012

    The government has six months to bring the economy back on track, claims Chief Economic Advisor Kaushik Basu. ...
  • RBI seeks economists' views as inflation worries persist April 11, 2012

    New Delhi: The Reserve Bank of India (RBI) on Tuesday reiterated its concerns on inflation and a widening current account deficit in a meeting with economists a week before its annual monetary policy review, according to two economists who were there. A Reuters poll of 20 economists issued on Tuesday showed...
  • FM's record doesn't inspire hope on deficit target March 18, 2012

    Mumbai: Economists at global rating agencies and fund houses have described the 5.1-per cent fiscal deficit target as an uphill task and devoid of clear roadmap, adding that track-record of the Finance Minister last year, coupled with still uncertain global environment, does not make the number seem tenable. They also said...
  • Global inflation: the dog that won't bark August 13, 2011

    London: An anorexic under doctor's orders to put on weight might fret unnecessarily about getting fat one day. Today's generally subdued inflation prompts similar worries. Surely the extraordinary steps central banks are taking to jump start growth will eventually push prices sharply higher, inflating away the debts hobbling the global...
  • US likely to lose top rating, economists say July 28, 2011

    Washington: The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. A small majority of economists, 30 out of 53 surveyed over the past two days...
  • Vancouver ranked world's most liveable city February 12, 2010

    Sydney: Vancouver has again topped a list of the top 10 most liveable cities in the world, giving the Canadian west coast city an extra boost as it opens the 2010 Winter Olympics. In the annual survey by the Economist Intelligence Unit, Vancouver scored 98 percent on a combination of stability,...
  • Forbes India: The barefoot economist December 22, 2009

    There are three types of economists: Academics who bury themselves in research reports, activists who campaign hard. And Jean Dreze Call Jean Dreze at Allahabad’s Gobind Ballabh Pant Social Sciences Institute and chances are receptionists will not know who he is. Email the well known economist by his name and you will...
  • Forbes India: Exclusive interview with Stephen Roach November 5, 2009

    Stephen Roach, chief economist, Morgan Stanley, has been warning the world for years about the impending financial crisis. In his new book, The Next Asia, he outlines the opportunities and the challenges for Asian countries for them to effect a change of guard. He spoke to Forbes India's Shishir Prasad...
  • Know your PM: Manmohan Singh's profile May 22, 2009

    New Delhi: Following is the personal profile of Manmohan Singh, who will on Friday be sworn in as Prime Minister for the second consecutive term: Born on: September 26, 1932, in Gah, West Punjab (presently Pakistan) Family: Got married on September 14, 1958. Has three daughters – Upender, Daman and Amrit Education: MA,...
  • American Paul Krugman wins economics Nobel October 13, 2008

    Stockholm: American economist Paul Krugman won the 2008 Nobel prize for economics for bringing together analysis of trade patterns and where economic activity takes place, the prize committee said on Monday. The Royal Swedish Academy of Sciences said the prestigious 10 million crown ($1.4 million) prize recognised Krugman's formulation of a...
  • India's inflation rate could be 10 pc: The Economist May 26, 2008

    New Delhi: India's inflation rate may be revised to 10 per cent from the latest estimate of 7.82 per cent as data for prices of different commodities is updated, London-based publication The Economist has said. "Delays in data collection in India can mean big revisions to inflation... The latest wholesale price...