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Subscribe to enjoy similar stories. Daron Acemoglu, Simon Johnson and James Robinson (AJR) were recently awarded the Nobel Prize in Economics for their work on the role institutions play in driving a nation’s prosperity. In a podcast interview I hosted with Acemoglu (full episode available at https://shorturl.at/R8s0u), I asked Acemoglu to apply his ‘institutions’ framework and current thinking to technology in the Indian context.

Subscribe to enjoy similar stories. “TO GET RICH is glorious" is the maxim that inspired one of the most successful development strategies of the past 50 years. It’s an aspiration widely shared across developing countries—and for good reason.

India's concerns regarding Khalist extremism. He also pointed out a fundamental problem that the Canadian government assumed all Sikhs as Khalistanis and all Khalistanis as Sikhs. In an interview to ANI, George said, «The Khalistan movement does not pose a direct threat to the West, at least not often. So, hence which is why you see Western countries try and downplay or ignore India's pleas, no matter how legitimate India's concerns may be.»

A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars and sentenced to life in prison in a case that has been a centerpiece of the government’s crackdown on corruption

Subscribe to enjoy similar stories. Federal prosecutors charged an employee of India’s intelligence service with allegedly directing an audacious plot to kill a vocal Sikh activist in New York, an escalation in a long-running investigation that has threatened a rift in the U.S.-India alliance. Vikash Yadav, 39, a now-former employee of India’s foreign intelligence service, faces murder-for-hire charges in connection with the alleged plot that was first revealed last year.

West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely closed to commercial traffic since early September after a Jordanian gunman shot and killed three Israeli civilians. Sugar and cans previously were transported to West Bank bottlers from Jordan via the bridge, according to Hatim Omari, manager of a plant that bottles Pepsi, 7UP and Mirinda for sale in the Palestinian territories and neighboring countries.

Authorities have since last month unveiled a raft of measures to kickstart sluggish consumption and address a prolonged and debilitating debt crisis in the country's colossal property sector. After a blistering market rally fuelled by hopes for a long-awaited «bazooka stimulus», optimism has tapered as authorities refrained from providing a specific figure for the bailout or detailing any of the pledges.

Fintech platform Mobikwik, which runs Mobikwik Xtra in partnership with Lendbox, has mandated that all withdrawals will be done on the 12th of every month and said the proceeds will be credited to the investor’s bank account in three working days. While BharatPe has stopped the P2P lending product, Cred has put all new investments on hold.

Subscribe to enjoy similar stories. Over 400,000 Indians are studying in Canada but experts estimate a drop of 100,000 in the coming year as India-Canada ties plummet. With Ottawa also restricting other international students, Mint asks if Canada’s youth-and-education charm is fading.

Nykaa triggered the explosion of beauty and skincare brands in India by fast-tracking and expanding distribution manifold across the country, Stéphane de La Faverie, executive group president of The Estée Lauder Companies Inc, told ET in an exclusive interview. The segment also got a big push during the pandemic when consumers conducted “a lot of deep research on beauty and wellness”, said Faverie who is currently on a visit to India. The Estée Lauder Companies—the second largest cosmetics company in the world after L'Oréal, and the owner of brands such as MAC, Bobbi Brown and Clinique-—will soon start local manufacturing in India, he said.

housing crisis boiling up in the United States mostly centered around the unavailability of homes in the largest metros of the country. Although alarms around this scenario have not yet been raised, there is no denying the fact that this shortage of homes in metropolitan regions clearly depicts the true nature of a housing crunch in the United States, which is a big problem for the federal administration to address in the coming months.

The federal government likely failed to keep its deficit below the promised $40-billion cap in the last fiscal year, the parliamentary budget officer said on Thursday.

global economy by 2030, but its rising population presents mounting challenges in basic service coverage, S&P Global Ratings said on Thursday. «India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030,» the ratings firm said in a report titled 'Look forward Emerging Markets: A decisive decade'. Emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06% GDP growth through 2035 compared with 1.59% for advanced economies, it said.

World Trade Organization (WTO) suggested creation of up a Dispute Settlement Fund or reimbursement of litigation costs of trade disputes for poor countries. «India has submitted a paper at the WTO suggesting the establishment of a Dispute Settlement Fund as one option to the address the issue of litigation costs,» said an official, adding that South Africa said that establishing a fund is «essential». It has been backed by 48 countries. It draws from a proposal by the African Group that has suggested that such a fund could be financed from the regular budget of the WTO and voluntary contributions from members, with disbursements in accordance with criteria to be adopted by the Dispute Settlement Body.

India had at least 26 extradition requests pending with Canada, the South Asian nation’s foreign ministry said on Thursday, amid a diplomatic row between the two countries.

Travel industry insiders, immigration and visa consultants fear the worsening diplomatic row between India and Canada could lead to increased scrutiny and security checks for Indian nationals besides longer processing times for visa applications, affecting those seeking to travel for work, study, or tourism. The row could also lead to subdued overseas tourist arrivals from Canada over time. Rahul Singh, managing partner at relocation and immigration firm Kraft Mobility said the visa situation for Indian nationals looking to travel to Canada has been influenced by the broader diplomatic relations between the two countries.

Skyscanner, with revenues and traveller searches for the company growing by around 35-40% in the country this year, said CEO John Mangelaars in an interview with ET. Skyscanner is a global travel app that helps travellers find the right deals across segments such as flights, hotels and car hire options. The company claims it searches more than 80 billion prices everyday, so travellers can be sure they've seen the best possible options, all in one place. “Visitors are up 40% in India and business is also up close to 40%. India is among the top ten markets in terms of revenue. I think it will be among our top three markets over the next few years. And in three years, Skyscanner will be among the top five companies in terms of market share in India,” he said.

Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.

Nigerian authorities have announced measures to correct lapses that resulted in the death of more than 140 people in an explosion as they were trying to scoop up fuel from an overturned fuel tanker on Wednesday

Hyundai is telling the owners of nearly 1,600 hydrogen fuel cell vehicles in the U.S. and Canada to park them outdoors and away from structures due to the risk of fuel leaks and fires

Subscribe to enjoy similar stories. If you haven't specifically declared that you don't want to donate your eyes after you pass away, the government wants to presume that you have consented to your corneas being harvested. A growing shortage of corneas and an ever-expanding waiting list of patients have prompted the health ministry to explore presumed consent for cornea donation.