Showing 31-40 of 65 results
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Poor need homes, not monuments
News, Mihir Sharma, Published on 14/03/2018
» Here in the City of London, you can step out of Bank underground station and walk a few hundred metres in any direction to see what Pritzker Prize-winning architects can do when they push themselves. At Bank intersection itself, breaking up the heavy imperial-era neoclassicism of Soane, Baker and Lutyens is James Stirling's Number One Poultry, whose postmodern curves softly echo the other buildings' grandiose lines. Stirling won the Pritzker, "architecture's Nobel Prize", in 1981; Number One Poultry, still controversial, is nevertheless now the youngest building to be officially protected, or "listed", by the British government.
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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.
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India's economy faces ominous 2018
News, Mihir Sharma, Published on 09/01/2018
» You'd think the Indian economy had returned to rosy health. It seems to have recovered from two enormous disruptions -- Prime Minister Narendra Modi's decision just over a year ago to withdraw 86% of the currency in circulation, and the poorly-planned rollout in the middle of 2017 of a new goods-and-services tax. Exports are no longer declining, as they had for several quarters; indeed, for the last month that data is available, they rose 30%. The Purchasing Managers' Index expanded the fastest it has in five years. At least one international ratings agency has upgraded India's credit rating.
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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.
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Indians' skills don't match up -- yet
News, Mihir Sharma, Published on 16/11/2017
» If India is to live up the expectations of its own people and become a successful middle-income country in a few decades, the country has multiple problems to solve -- its sclerotic politics, its clogged infrastructure, its choked judicial system, its lack of investable capital, its interfering and inefficient state. But perhaps the greatest hurdle is its poor stock of human capital. Without better education, health and skills, India won't be able to build a middle class and its efforts to become the next China can't succeed.
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India's banks need more than a bailout
News, Mihir Sharma, Published on 27/10/2017
» India has long been faced with a slow-motion bank crisis.
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Bad advice is driving India's bulls
News, Mihir Sharma, Published on 15/09/2017
» India's economy is not doing as well as many had hoped. Growth has been slowing for several quarters, and even if there's a slight recovery in coming quarters, the signs for the medium term aren't propitious.
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New tax system all tangled up
News, Mihir Sharma, Published on 28/09/2017
» India's new indirect tax system, which for the first time tries to standardise most taxes across this vast country's many states, is proving to be even more difficult and disruptive to implement than first feared. That speaks to the unnecessary complexity the government's introduced into what should have been the simplest of laws.
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India central bank passes buck back to government
News, Mihir Sharma, Published on 04/08/2017
» At their Wednesday meeting, the makers of India's monetary policy cut interest rates only slightly. They would seem to have had little choice -- but also little confidence that a deeper cut would jumpstart the Indian economy.
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Bad healthcare tops public failings
News, Mihir Sharma, Published on 22/08/2017
» As India celebrated 70 years of independence last week, a tragedy in a remote corner of India's largest state, Uttar Pradesh, highlighted how far the world's largest democracy still is from being able to provide a healthy life for most of its citizens. For all its talk of smart cities and industrial corridors, this is the government's greatest failing -- and one where it could make a big difference quickly.
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