The Canadian Security Intelligence Service (CSIS) issued a report accusing India and Pakistan of interfering in Canada’s federal elections in 2019 and 2021. India has called the claims “baseless,” but the CSIS said it will be on the hunt for meddling during the upcoming election. “It is not Government of India’s policy to interfere […]
Onions are the latest food staple facing extensive export restrictions in an effort to control domestic prices ahead of India’s 2024 national election. The Indian government has banned the export of onions until March 31, following similar measures for wheat and rice. These actions aim to boost domestic food supply and shield consumers from rising […]
Another oil deal has been initiated without the use of the dollar. The India Ministry of External Affairs (MEA) announced that their latest trade deal with Malaysia would be settled in Indian rupees. “This initiative by the Reserve Bank of India (RBI) is aimed at facilitating the growth of global trade and to support the […]
Trade tension between China and Australia has hit a new peak, with Australia now seeking to limit trade with China entirely. Former Australian Prime Minister Tony Abbott said that India will replace China in trade. “For economic reasons, we’re gonna [sic] have to replace China in supply chains and frankly, there is no better substitute […]
In India, the Indian Railways posted 90,000 job vacancies. 28 million candidates applied, which was about the entire equivalent of the British workforce. India’s general elections for the lower house of the Parliament started on April 11 and will conclude on May 23. The political party or the coalition of parties that wins a majority of the […]
The last time that Indian and Pakistan were at war was back in 1971. Our War Model turned up in 1964 and indeed it marked the beginning of the US Vietnam War. In reality, the separation or the partition of India took place in 1947 based upon religion. The British created two independent dominions, India and Pakistan. […]
India’s financial markets are in the throes of this Emerging Market crisis. The Mumbai-based Infrastructure Leasing & Financial Services (IL&FS) is an over 30-year-old infrastructure lending giant that claims to have helped develop and finance projects worth $25 billion in Asia’s fastest-growing economy. The company recently defaulted on debt payments because it ran out of cash. […]
I have warned continually that the Sovereign Debt Crisis will unfold not so much by people selling government debt, but by the lack of people buying new debt. The greatest peril is when there is NO BID for the new issues because all governments are operating a PONZI scheme. They sell new debt to pay off maturing debt. […]
Politicians just do not get it. They have convinced themselves that they can tax whatever they desire and people have no choice but to pay. Missing in their analysis are two influences (1) people just stop earning income for it reaches a point it is not worth working anymore, and (2) you simply pick-up and […]
QUESTION: Dear Marty, What could be the true intentions of Prime Minister Narendra Damodardas Modi in India cancelling the currency overnight. I have been suspecting some foul in his demonetisation move but cannot correctly understand why he did it? Counterfeit currency, Black money, prevent terrorism all his publicised motives have been shown false. If this move […]
