Greece to issue government IOU's to pay wages and pensions?

Jul 09, 2015 07:04 am UTC| Commentary

IMF chief Ms Lagarde demanded debt restructuring for Greece, as this was the only way of ensuring that the countrys debt would become sustainable once again. The German government on the other hand has made it very clear...

Korea pausing to monitor the delivery of fiscal stimulus

Jul 09, 2015 06:46 am UTC| Commentary

BoK acknowledged the domestic economy will show a trend of recovery going forward, owing chiefly to the expansionary macroeconomic policies and to the subsiding of the shock from the MERS outbreak. Meanwhile, the Bank...

Food prices lead China's June inflation up

Jul 09, 2015 06:46 am UTC| Commentary

Chinas food inflation rebounded to 1.9% y/y in June from 1.6%, led by a large increase in pork prices (+7.0% y/y versus +5.3% in May). Meanwhile, core inflation, which excludes energy and food, rose to 1.7% y/y from...

ECB awaits political developments before adjusting ELA

Jul 09, 2015 06:37 am UTC| Commentary Central Banks

The timely response by the Greek government in submitting a three-year ESM loan request yesterday contrasted with the gridlock over the past week and suggests we may finally be moving in the right direction before Sundays...

India's electricity sector growing up

Jul 09, 2015 06:23 am UTC| Commentary

Access to reliable electricity supply is a key issue for India, when only 75% of the population having access to power. An increase in generating capacity and improvement in fuel availability goes a long way in solving the...

Indian government focuses on infrastructure development

Jul 09, 2015 06:15 am UTC| Commentary

Apart from resolving infrastructure bottlenecks, the Indian government plans to set up 100 smart cities, which involves upgrading the infrastructure in existing tier 1 and tier 2 cities, and setting up new urban clusters...

India’s uneven development despite of increasing urbanisation

Jul 09, 2015 06:11 am UTC| Commentary

Indias urbanisation rate, stood up with only seven provinces reporting a higher than national average in 2001-11 decade.While Western and Southern India have been urbanising quickly, progress in Northern and Eastern India...