#August 2017, #Other Highlights
An academic presents his take on the culture and ethics deficit in financial education in a new book.
There is huge demand for finance education globally – from the accounting, banking and finance professions to business schools, students continue to flock. However, the quality and supply of education is generally poor.
One of the worst aspects of this is the lack of culture and ethics in the content of the finance syllabus – it is primarily technical, and ignores the huge and real world importance of qualities like trust, relationships, sustainability and character in financial success. Even worse, there are strong cultural assumptions underlying modern finance theory, which are rarely exposed to debate. These assumptions are that everyone is selfish, everyone is greedy, and money is the most important measure of success and happiness. In a multi-cultural diverse world, finance education remains very mono-cultural, and significantly destructive of society and our ecosystem. The theories and the science teach unsustainability and promote short-termism.
#June 2017, #The Americas
US President Donald Trump’s decision to pull out of the Paris Accord may be a chance for India to shine, writes an energy expert.
Trump’s pullout from the Paris Accord on climate change has brought India to the fore. Two claims are especially puzzling. One, the treaty lets India (and China) not do much till 2030, and that India is looking for developed countries to pay them $2.5 trillion for its Nationally Determined Contributions (NDCs). India’s NDC calculations were taken with their own calculations, and have very little to do with the US (or any other country).
#Special Edition – May 2017, #Last Word
A US Federal Reserve report forecasts that the Goods and Services Tax (GST) has the potential to hike India’s GDP by nearly $100 billion.
The US Federal Reserve has confirmed what many people, including Prime Minister Narendra Modi and Finance Minister Arun Jaitley, have been saying for a long time.
Countering nay-sayers, they have maintained that the Goods & Services Tax (GST), which will come into force from July 1 this year, will push India into a higher growth trajectory and improve India’s GDP growth rate to 8 per cent and beyond.
Now, an International Financial Discussion Paper (IFDP) at the US Federal Reserve (FED) has calculated that the rollout of GST could increase India’s GDP by Rs 6.5 lakh crore ($100 billion) or 4.2 per cent. It did not mention the time frame by which this will be achieved. The additional output is almost double the government’s borrowing programme of Rs 3.48 lakh crore ($54 billion) for the current financial year.
#February 2017, #Last Word
Outbound FDI from India will increasingly be driven by a need to fill knowledge and product gaps aimed at the domestic market.
Finance Minister Arun Jaitley has greased the wheels of the investment cycle with allocations of almost $90 billion for building roads, railway infrastructure, inland waterways, ports, airports and rural infrastructure for 2017-18. This massive public spending spree, marking a humungous increase over the figures for the current year, is expected to translate into large contracts for Indian and foreign companies.
#May/June 2016, #India & The World, #2016
India’s banking chief Raghuram Rajan is recognised worldwide among a handful of those who had foreseen risks in the system before the 2008 financial crisis. As governor of Reserve Bank of India (RBI), he has become a leading voice for the developing world in international fora. During a recent visit to the UK, he articulated his traffic signal model to move the world towards a more responsible monetary policy.
#May/June 2016, #2016, #Global Indians
Sudhir Ruparelia is among the wealthiest businessmen in Africa, with an estimated net worth of $800 million. The Ugandan-born entrepreneur and investor if the chairman and majority shareholder of the Ruparelia Group which has a wide investment span across banking, insurance, education, broadcasting, real estate, hotels and resorts. His story is unique in that his family was among those expelled by Ugandan dictator Idi Amin in the 1970s but decided to return to the country to set up his business empire.
#Sector Focus, #Yearend 2015
In his speech at Wembley Stadium during his visit to the UK, Prime Minister Narendra Modi made a reference to rupee bonds, jokingly comparing their delights to those of watching James Bond films and drinking Brooke Bond tea
#Yearend 2015, #Guest Columns
Fintech has emerged as a buzzword in India in the recent years with technology slowly becoming not just the backbone of financial services market – at times it provides the last mile connectivity.
#September 2015, #Special Report
Indian finance minister Arun Jaitley has prioritised the rights of global Indian professionals during his ongoing US visit.