As one year of sluggish growth spills into the next, there is growing debate about what to expect over the coming decades.

Kenneth Rogoff: Financial crisis - or innovation crisis?

Business Standard

India&rsquo;s recent fall from macroeconomic grace is a lamentable turn of events. After many years of outperformance, GDP growth has slowed sharply.

Kenneth Rogoff: India's fall from grace

Since the dawn of the industrial age, a recurrent fear has been that technological change will spawn mass unemployment. Neoclassical economists predicted that this would not happen, because people would find other jobs, albeit possibly after a long period of painful adjustment. By and large, that prediction has proven to be correct.

Kenneth Rogoff: Humans are not horses

People often ask if regulators and legislators have fixed the flaws in the financial system that took the world to the brink of a second Great Depression. The short answer is no.

Kenneth Rogoff: Ending the financial arms race

How long can today&rsquo;s record-low, major-currency interest rates persist? Ten-year interest rates in the United States, the United Kingdom and Germany have all been hovering around the once-unthinkable 1.5 per cent mark. In Japan, the 10-year rate has drifted to below 0.8 per cent. Global investors are apparently willing to accept these extraordinarily low rates, even though they do not appear to compensate for expected inflation.

Kenneth Rogoff: Low rates worldwide cannot last

The star of the US line up is the December payrolls report, where analysts expect a rise of 150,000 with unemployment holding at 4.2 per cent

global stocks

Patna Police has vacated the place at Gandhi Maidan where Jan Suraaj chief Prashant Kishor was sitting on a fast-unto-death with the protestors

Prashant Kishore, Prashant

President Volodymyr Zelenskyy says he will urge allies to boost Ukraine's air defences at a meeting this week in Germany, while both sides said Kyiv's forces pressed new attacks Sunday in Russia's Kursk region.
Russian shelling, meanwhile, killed at least one person and wounded another in Ukraine's Dnipropetrovsk region, local officials said.
Dozens of partner countries will participate in the meeting of the Ramstein group at Ramstein Air Base in Germany on Thursday, Zelenskyy said, including those who can help boost our capabilities not only to defend against missiles but also against guided bombs and Russian aviation.
We will discuss this with them and continue to persuade them, Zelenskyy said in his nightly address on Saturday. The task remains unchanged: strengthening our air defence.
US Defence Secretary Lloyd J. Austin will attend the meeting, which originally had been scheduled for October with US President Joe Biden present. The session was postponed in the aftermath of ...

Volodymyr Zelenskyy, Zelenskyy

South Korea's anti-corruption agency has requested that police take over efforts to detain impeached President Yoon Suk Yeol after its investigators failed to bring him to custody following an hours-long standoff with the presidential security service last week.
The agency and police confirmed the discussion on Monday, hours before the one-week warrant for Yoon's detention was to expire. The Corruption Investigation Office for High-ranking Officials will likely seek a new court warrant to extend the window for Yoon's detention, according to police.
The Seoul Western District Court had issued a warrant to detain Yoon on December 31, after he dodged several requests by investigators to appear for questioning.
The anti-corruption agency, which leads a joint investigation with police and military investigators, is weighing charges of rebellion after the conservative president, apparently frustrated that his policies were blocked by a legislature dominated by the liberal opposition, ...

Yoon Suk Yeol, Yoon Suk, South Korea President

Bangladesh on Sunday handed over to India 95 Indian fishermen while New Delhi released 90 Bangladeshi fishermen.
The process of reciprocal repatriation of fishermen in each other's custody came amid frosty ties between the two countries.
The decision to release the fishermen was announced by New Delhi and Dhaka on Thursday.
The exchange of the fishermen was coordinated by the Indian Coast Guard and the Bangladesh Coast Guard. The Bangladeshi side handed over 95 fishermen and four fishing vessels to the Indian Coast Guard, according to an official statement.
The Indian Coast Guard released 90 Bangladeshi fishermen including 12 rescued from sunken fishing boat "Kaushik", it said.
"Idian fishermen are being handed over to West Bengal State fisheries authorities at South 24 Parganas post repatriation from Bangladesh," the Indian Coast Guard said in the readout.
In recent months, several Indian fishermen have been arrested by Bangladesh authorities when they happened to inadvertently 

India Bangladesh, India, Bangladesh

Jagdeep Singh, the former CEO of Quantumscape, has an annual salary of Rs 17,500 crore ($2.06 billion), which surpasses the revenue of several large corporations in the world

Jagdeep Singh

HDFC Bank's LDR was around 87 per cent pre-merger. Following the merger, its LDR went up to 110 per cent

HDFC Bank

Travel booking major OYO has launched a new check-in policy for partner hotels, starting from Meerut, introducing guidelines effective this year whereby unmarried couples will no longer be welcome to check in.
Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online. OYO has empowered its partner hotels' discretion to decline couple bookings based on their judgment, aligning with local social sensibility, the company said.
OYO has given the directive to its partner hotels in Meerut to ensure this with immediate effect. Based on ground feedback, the company may expand this to more cities, people familiar with the policy change said.
"OYO has received feedback in the past from civil society groups especially in Meerut urging action to address this issue. Additionally, residents from few other cities have petitioned for disallowing unmarried couples to check-in at OYO hotels," they said.
Pawa

OYO, Oyo rooms, Oyo app, Oyo logo

Subsidy to support 72,300 fast charging stations across the country

EV, ELECTRIC VEHICLE

The rupee has been hovering above Rs 85 mark vis-a-vis the US dollar in the recent past

medicine

Israeli airstrikes killed at least 40 people, including several children, across the Gaza Strip, hitting Hamas security officers and an Israeli-declared humanitarian zone.
As the daily bombardment continued, Israeli Prime Minister Benjamin Netanyahu's office said he had authorised a delegation from the Mossad intelligence agency, the Shin Bet internal security agency and the military to continue negotiations in Qatar toward a ceasefire deal.
Israeli media said the delegation would depart on Friday. There was no immediate Hamas comment. The US-led talks have repeatedly stalled during 15 months of war.
The Israeli strike in the seaside humanitarian zone known as Muwasi occurred as hundreds of thousands of displaced Palestinians have been huddling there in damp winter weather.
Everyone was taking shelter in their tents from the cold, and suddenly we found the world turning upside down. Why, and for what? said Ziyad Abu Jabal, displaced from Gaza City.
The early morning strike killed 

Gaza conflict, Hamas, Israel, Palestine

South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty on Thursday to a freshly unsealed indictment released in time for his first US court appearance.
Kwon entered the plea in Manhattan federal court two days after his extradition from Montenegro.
The indictment alleges that the man dubbed by some as the cryptocurrency king lied to investors from 2018 to 2022 to fool them into pouring money into Terraform Labs, the Singapore crypto firm he cofounded.
Authorities say investors worldwide were harmed by the $40 billion crash of Terraform Labs' cryptocurrency.
The May 2022 collapse came despite the company's claim that TerraUSD was a stablecoin that could be relied upon.
Kwon did not speak during his court appearance, except to acknowledge that he understood English. His lawyer, Andrew Chesley, entered not guilty pleas to two separate versions of the indictment charging him with conspiracy, along with commodities, securities and wire fraud. A money laundering charge was 

Cryptocurrency

Eleven people were injured when a small plane collided into the rooftop of a commercial building in Southern California, police said.
Police got a report at 2.09 pm on Thursday about the crash in the Orange County city of Fullerton, said Kristy Wells, a Fullerton police spokesperson.
Police and fire authorities arrived on scene and battled the blaze and evacuated surrounding businesses, Wells said.
It was not immediately known what type of plane it was or whether those injured were in the aircraft or on the ground, Wells said.
Fullerton is a city of about 1,40,000 people some 40 km southeast of Los Angeles.

plane crash, small plane crash, aircraft crash

Share Market Today, Friday, Jan 3: GIFT Nifty futures were trading 99 points lower at 24,184 level at 7:10 AM amid rising US dollar index.

Domestic markets on Wednesday entered correction territory, with the benchmark Nifty and the broader market indices — Nifty Midcap 100 and Nifty Smallcap 100 — declining more than 10 per cent from their all-time highs.

A harrowing chapter in American history remains shrouded in mystery: Who planted pipe bombs outside offices of the Democratic and Republican national committees in Washington on the eve of the attack on the Capitol?
Hoping to generate new tips from the public, the FBI is releasing more information about its pipe bomb investigation, including an estimate that the unidentified suspect is about 5 feet 7 inches tall. The bureau also is posting previously unreleased video of the suspect placing one of the bombs.
A host of basic questions remains unanswered four years later. For starters, investigators haven't determined if the suspect is a man or a woman. Nor have they established a clear link between the pipe bombs and the January 6, 2021, riot at the Capitol by a mob of Donald Trump's supporters.
The FBI can't work on assumptions," said David Sundberg, assistant director in charge of the bureau's Washington field office.
Without being able to confirm the suspect's identity, it is very

FBI, Federal Bureau of Investigation

A lot has changed. Both nations are more than a little concerned about how they will revive slowing growth

Kenneth Rogoff

Kenneth Rogoff

Page 4 - Kenneth Rogoff

Kenneth Rogoff: Financial crisis - or innovation crisis?

Kenneth Rogoff: India's fall from grace

Kenneth Rogoff: Humans are not horses

Kenneth Rogoff: Ending the financial arms race

Kenneth Rogoff: Low rates worldwide cannot last

Latest News

In this Section

All

Asian shares wary as US outperformance lifts dollar ahead of key data

BPSC protest: Patna Police detains Prashant Kishor, vacates Gandhi Maidan

Ukraine pressing attacks in Russia's Kursk region, say Moscow, Kyiv

S Korean anti-corruption agency asks police to detain impeached Prez Yoon

Bangladesh releases 95 Indian fishermen in reciprocal repatriation

Most Popular

Read

Shared

Commented

Indian-origin CEO is world's highest paid person, earns Rs 48 crore per day

HDFC Bank's LDR falls below 100% for the first time after merger

Unmarried couples no longer welcome, OYO changes check-in policy

Govt to switch on massive subsidy to supercharge EV infrastructure

Weakening rupee may not be shot in the arm for India's pharma exporters