Tag Archives: Economic

Supervision, not just regulations, key to financial system: Principal Economic Adviser Sanjeev Sanyal

In India, the share of non-bank financial intermediaries in total financial assets rose from roughly 10.5% in 2006 to over 14.5% in 2018. Rising banking regulations over the past decade have shifted market activity to less-regulated shadow lenders not just in India but across the globe, according to a concept paper by principal economic advisor in the finance ministry Sanjeev ... Read More »

Nirmala Sitharaman press conference: Bank mergers aimed at economic growth, says Finance Minister

Finance Minister Nirmala Sitharaman is addressing her second press briefing on economic slowdown. Based on the Finance Minister’s statements earlier this week, speculations are that two major announcements could be made in order to give the industry a leg-up. Reports also suggest that a mega consolidation plan for public sector banks could also be announced today. The Ministry of Finance ... Read More »

Education, trust and economic measurement

When James Kassaga Arinaitwe first started working in international development, he focussed on global health. The motivations behind that choice were very personal — six members of his family had died from disease by the time he was 10 years old. But in his native country of Uganda, he soon ran into problems that made him rethink his decision. “I ... Read More »

Swiss cops use anti-drone guns at the World Economic Forum

Swiss authorities have added another security measure for this year’s World Economic Forum in Davos: anti-drone guns. Bloomberg has spotted local police preparing HP 47 Counter UAV Jammers to make sure no unmanned aerial vehicle (UAV) gets too close to the venue, whether it’s sent by a spy organization or just a nosy onlooker. That’s the same jammer the German ... Read More »