raghuram rajan_right Courtesy: Dhiraj Singh/getty
6 May 2014

Decoding RBI’s policy on foreign debt

The RBI’s two-pronged strategy to protect the economy from tapering-led volatility discourages unproductive external borrowings and prods foreign portfolio debt investors to think long-term. There's another vexed issue: the IMF has sounded a cautionary note on the rising number of foreign currency debt laden Indian firms

Spratly Islands_google map Courtesy: Google Maps
2 May 2014

South China Sea: escalating tensions

Braving potential retaliation from China, the Philippines has now challenged Beijing’s sovereign claims over the South China Sea before a UN tribunal, and raised the stakes in a longstanding dispute