-
Robert E. Hall and Michael Woodford | Putting people in economics
Most people view macroeconomics as a result of the mechanical tweaking of some variables to alter other variables. For example, if aggregate consumer demand is down, there is immediately a call for lower interest rates and higher government doles. Similarly, when demand outstrips supply, then the call is the opposite: raise interest rates and cut…
-
India’s Russian crude binge to continue after Trump waives new sanctions law
Image used for representation purpose only | Photo Credit: Getty Images/iStockphoto India is expected to keep importing Russian crude at close to current levels after U.S. President Donald Trump waived sanctions and tariffs mandated by a new law on major buyers of Russian oil, analysts said. Mr. Trump issued an executive order late on Friday…
-
Ripples from the future: On the Nobel Prize for Economics 2026
This year’s Nobel Prize in Economics has been awarded for work that is particularly crucial in the current global context. Implications from the work also have lessons for Indian policymakers, some of which have already been learnt, while others remain a work in progress. The crux of the research done by the laureates Robert E.…
-
India’s crude imports rise 7% in September, bill surges 47%
Image for representational purposes only. Photo: BISWARANJAN ROUT | Photo Credit: BISWARANJAN ROUT India’s crude oil import bill surged 47% year-on-year (YoY) to $15.4 billion in September, amid resurging conflict in West Asia, according to provisional government data. Data from the Petroleum Planning and Analysis Cell (PPAC) showed that crude oil imports rose 7% YoY…
-
What changes under India’s proposed BS-VII vehicle emission rules | Explained
India’s next vehicle emission standards would look beyond the smoke coming out of a vehicle’s exhaust. The proposed Bharat Stage VII (BS-VII) rules would also address pollution from brakes and tyres, check how well electric-vehicle batteries hold up over time, and require manufacturers to test vehicles under more realistic driving conditions. The Ministry of Road…
-
India sourced more than two-thirds of its August oil imports from just three countries
India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. File | Photo Credit: Getty Images/iStockphoto In a sign of increasing concentration of India’s oil supplies and its limited options to source from, latest…