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  • News & article

    Cape Town may soon run out of water

    News, Mihir Sharma, Published on 25/01/2018

    » April 22, Earth Day, might have a bit of extra significance this year. It might be the day that, for the first time, a great world city runs out of water.

  • News & article

    How India can win from big cash bust

    News, Mihir Sharma, Published on 09/11/2017

    » Almost exactly one year ago, Indian Prime Minister Narendra Modi went on national television to announce that, in a few hours, existing 500- and 1,000-rupee notes (255 and 510 baht) would no longer be legal tender. This came as a complete shock to most; the weeks and months that followed featured long queues at bank tellers as hapless Indians tried to exchange old notes for new, and at ATMs where they tried to withdraw enough cash to keep going. The sudden drought of cash made it increasingly difficult for small- and -medium enterprises to operate, as they relied on piles of cash for working capital. Many estimated that economic growth would slow as a consequence and events seem to have borne out this point of view.

  • News & article

    India's states will pay for populism

    News, Mihir Sharma, Published on 14/07/2017

    » Things only seem to get worse for India's farmers. They'd barely recovered from two years of drought when they were hit by the government's decision last autumn to declare 86% of India's currency illegal. They struggled through that, and the consequent crash in prices, in hopes that this year's monsoon would be healthy. And, although forecasters insisted enough rain would fall, an "unexpected dry spell" is now threatening to ruin their summer crop.

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