Former RBI Governor Raghuram Rajan suggested that India needs to boost its pace of growth, especially in job creating sectors which in turn merits a whole new generation of reforms as the old ones have lost momentum.
For decades, he was known as a godfather of excess. The wealthiest man in the world for many years, the sultan of Brunei knew how to spend the vast riches that flowed from the oil deposits bestowed upon the tiny Southeast Asian nation he controls with absolute power.
In the not-too-distant future, India could have a $10 trillion economy, the world’s third largest military and the world’s largest middle class. Tunku Varadarajan reviews ‘Our Time Has Come’ by Alyssa Ayres.
On Wednesday, North Korea launched what was believed to be an intercontinental ballistic missile that traveled 1,000 kilometers before landing in the Sea of Japan. It was the 23rd missile launched in 16 tests since February, according to CNN.
Escalating threats and counter-threats arising from the United States and North Korea have created an ominous standoff. President Trump warned Pyongyang that it faced “fire and fury” for aggression. The American leader added that “military solutions are now fully in place, locked and loaded” should it act foolishly. The Democratic People’s Republic kept up the rhetorical duel by threatening to engulf Guam with an “enveloping fire” of ballistic missiles.