Free Press Journal
  • Why Brexit is shrouded in ambiguity?

    After five rounds of negotiations on Brexit between UK and European Union (EU), the process of Britain’s exit from EU remains entangled in ambiguity and chaos, both political and economic. Ideally, the negotiations should have moved to the second phase covering the transition period after UK exits EU in March 2019 and future trade relations…

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  • Quake survivors spend night in the open

    Tehran : Tens of thousands of Iranians spent a second night in the open after a 7.3-magnitude quake struck near the border with Iraq, killing more than 400 people, reports AFP. Residents who had fled their homes when Sunday’s quake rocked the mountainous region spanning Iran’s western province of Kermanshah and neighbouring Iraqi Kurdistan braved…

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  • Anti-black money day: Celebrating epic failure of demonetisation?

    One thing that the Modi government is well known for is the art of obfuscation. From political messaging, managing headlines, juggling numbers, blurring facts and changing narrative to stupefy people, the government has often done its best to deflect attention by weaving its own story to score political points. The case with demonetisation is no…

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  • Equities touch record high sans fundamentals

    Equity market is a vague indicator of economic fundamentals in the short run. In the long-term, stock market has reasonable linkage with economic growth, corporate earnings and government policies. However, despite disappointment on growth front and below par company earnings over several quarters, equity market has been making new highs this year. A day after…

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  • The challenge for Social Democrats is daunting

    Since the Second World War, the centre-right and centre-left parties have played a crucial role in rebuilding democracy in Western Europe. They are also responsible for the highest growth rate and redistribution of wealth in Western European countries. But of late, things are changing: in election after election, the political discourse is gradually moving to…

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  • Why income inequality is at its highest in India

    Why did this happen? Strong government regulation and rigid policies keep growth levels low. This was the case from 1950s to 70s when India’s growth rate was barely 3 to 3.5 per cent. When growth  remains low, it keeps average income levels down. It also keeps more people poor for lack of opportunities.  At the…

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  • Why government is hiding behind long-term benefits cover

    Modi’s attempt to change the narrative from the current woes to long-terms benefits did not go beyond usual point-scoring measures like demonetisation and GST. He has no answer to the questions about the state of economy raised by economists and critics. One expected the prime minister to talk about real numbers and programmes to arrest…

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  • German polls: Victory, warning & challenges

    Merkel’s fourth term as chancellor is also likely to be tougher than any of her previous terms. Though Germany is an economic powerhouse of Europe and is enjoying better times in economic terms, there are signs of trouble ahead. The result of Germany’s general elections last week was on expected lines: a victory for Angela Merkel…

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  • Why unreformed BCCI got a fortune for IPL

    In most cricket playing nations in the world, it is next to impossible to find viable television audience for domestic cricket. But it’s a different case with Indian Premier League (IPL), a domestic league consumed primarily for its entertainment quotient. Earlier this month, the media rights – television and digital – of IPL were sold…

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  • Rohingya crisis and Suu Kyi’s baffling silence

    In an address to the UN human rights council in Geneva two weeks ago, Zeid Ra’ad Al Hussein, the top UN human rights official, said that Myanmar’s treatment of its Muslim minority appears to be a ‘textbook example’ of ethnic cleansing.  Denouncing the brutal security operation in Rakhine state against the Rohingya, Hussein added that…

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  • Demonetisation: Political gain, economic pain

    Demonetisation of high value currency notes on November 8 was described by economists as ‘economic anarchy’.  The government projected it as a momentous fight against black money, terror funding and counterfeit currency. Whether demonetisation was a success or failure has been a subject of contentious debate. The government claims that it is a success as…

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  • How to invest when market is on a high

    The equity market is near its all-time high. Given the phenomenal rise and expensive valuations, is it the right time to invest in stocks? A. L. I. Chougule explains how investors should go about investing when the market is on a joyride    Trading just shy away from its all-time high, lately the equity market…

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