In its Spring Review of the growth potential of various economies, the IMF has gone ahead and raised the growth forecasts for the key economies. For the world GDP as a whole, the growth forecast for full year 2017 has been raised from 3.1% in 2016 to 3.5% to 2017 and further to 3.6% in …
The Trump government has been getting tough on the H1-B Visa regime ever since he assumed power in late January. Firstly, Trump put the issuance of emergency H1-B visas on hold for a period of 6 months. These were special cases where visas could be obtained within a month by paying a higher fee. Indian …
With the UK Prime Minister, Theresa May, officially sending the letter for exiting the EU to the European Union, the process of UK seceding from the European Union has officially begun. The BREXIT vote went through in June 2016 and the actually process of UK exiting the EU has started exactly 9 months later. From …
The American challenge for Indian IT industry continued over the weekend. American challenges are nothing new for the Indian IT industry. For the last 5 years, Indian IT industry has been facing up to challenges like the slowdown in BFSI segment, weakness in telecom & hydrocarbon verticals, negative growth in tech spending, shift to digital …
The much awaited Donald Trump’s address to the Joint Session of Congress actually evoked mixed feelings. There is no gainsaying the fact that the speech was thoroughly inspiring. With his focus on “Making America Great Again”, Trump managed to almost recreate the now-famous “Audacity of Hope” speech delivered by Barack Obama a little over 8 …
In an American economy where most fund managers have struggled to beat the index, Warren Buffett has been something of an incredible exception. Consider these statistics! Over the last 52 years since Buffet’s company, Berkshire Hathaway started investing in equities it has given an annualized return of 21% compounded. What is more interesting is that …
The trade data for the month of January 2017 was announced on 15th February. Compared to the previous month of December 2016, exports were down but imports saw a sharper fall. This led to the trade deficit reducing marginally from $10.37 billion in Dec-16 to $9.85 billion in Jan-17. The data for Jan-17 also assumes …
A full 2 months after Trump was elected as the 45th President of the US, he addressed the press for the first time on January 11th 2017. There were a lot of hopes and expectations built around the Trump speech as key announcements were expected. However, it needs to be said that while the speech …
As we herald a new year, the real action could be on the global front. Year 2016 was quite eventful. On the political front, Donald Trump was elected as the president of the US against all odds. Surprisingly, Britain voted in favour of moving out of the EU (popularly called BREXIT). On the economic front, …
The November 30th meeting of the OPEC was critical in more ways than one. For the first time since 2008, the OPEC went about setting a clear target for reducing production by setting quotas for each member of the OPEC group. The OPEC members agreed to jointly cut daily production of crude oil by 1.2 …
