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1991 FINANCIAL CRISIS
'2026 resembles 1991': CEA Nageswaran says India is at a critical economic inflection pointChief Economic Advisor V Anantha Nageswaran emphasized that 2025-26 could be a significant inflection point for India's economy. He mention...- At 27, Howard Lutnick helped make $300 million; decades later, he reports $250 million in income as Trump’s Commerce chiefUS Commerce Secretary Howard Lutnick reported at least $250 million in income and other proceeds in 2025, his first year in government. Dec...
- Jackie Shroff once lived in a 10X10 room in Mumbai slum. One flop lost him all his money. Today, he lives in a Rs 31 crore sea-facing Mumbai home with 8 bedrooms, gym, private theatreFollowing the failure of their production company Boom due to rampant piracy, Jackie and Ayesha Shroff faced a catastrophic financial crisi...
- Quote of the day by Barack Obama: "Cynicism is a cheap commodity. It’s easier to dismiss the..." — Powerful life lessons from an inspirational quote on cynicism, resilience, responsibility, perseverance, change and audaciousQuote of the day by Barack Obama: Barack Obama’s quote challenges the comfort of cynicism and reminds us that dismissing the world is easie...
- India's economy shatters a 35-year barrier to enter A-rated clubIndian Economy: Japan Credit Rating Agency (JCRA) has upgraded India’s sovereign credit rating from BBB+ to A-, restoring an A rating for I...
- New GDP series captures structural changes in economy, reflects global best practices: N K SinghN K Singh supports new GDP data reflecting India's economic structural changes. He also noted the sovereign rating upgrade after thirty-eig...
- Quote of the day by Chris Rock: “You know, some people say life is short and that you could get hit by a...” — Timeless life lesson from an inspiring quote on making thoughtful choices, embracing reality, avoiding impulsive decisions, valuing tomorrow and understanding why the life you have ahead matters just as much as the moment you are living nowQuote of the day by Chris Rock, “You know, some people say life is short and that you could get hit by a bus at any moment and that you hav...
- Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
- Independence Day 2026: How Sensex skyrocketed 8,500% in less than 35 years since 1991 liberalisation reformsIndia’s Sensex has delivered an extraordinary 8,500% gain since the 1991 economic reforms, compounding at about 14% annually. Despite scams...
- Independence Day 2026: The companies India built for business backbone enter a new chapter2026 Independence Day: India's public sector, initially built for industrial necessity, is now undergoing a significant transformation. The...
- Independence Day 2026: A 1968 gold ban that turned every Indian household into an underground vaultIn 1968, the Gold (Control) Act restricted gold ownership and capped jewellery purity at 14 karats to curb imports and conserve foreign exc...
- A day after Budget, Congress pays tribute to reformist Manmohan Singh who laid the 'path of monumental growth'Congress paid tribute to former PM Manmohan Singh for his role in shaping India's economy, on the anniversary of the 1991 Economic Reforms....
- Opposition parties attack PM on economic situationOppn parties attacked PM Singh over handling of the economy and demanded a change in policy direction as they warned that the situation cou...
- CPI(M) flays UPA coalition for country's financial situation"If this rate (of fall in the Rupee value) continues, the Rupee will soon touch Rs 80 per US dollar," Sitaram Yechury said.
- Current account deficit unsustainable at 5% of GDP: RBI chief D Subbarao"We are unlikely to have a BoP crisis like the one we had in 1991", he noted, adding large CAD, fiscal deficit are no doubt concerns.
- RBI keeps CRR unchanged at 4.75%. no cut in repo rateRBI said that while growth has moderated, inflation remains above comfort levels. The bank said that factors other than interest rates were...
- RBI rules out 1991-type crisis in 2012Ruling out a repeat of 1991 crisis situation in 2012, RBI Governor said the current economic situation is different from what it was 2 deca...
- Does the Indian economy have a 1991 crisis feel?The steep fall in the rupee, a CAD at 4% of GDP, stalled reforms, weak political leadership, and a limping global economy to boot, no wonde...
- Global recovery is two years awayThere is endless speculation about a possible Greek exit from the eurozone.Commentators wonder whether the eurozone can hold together much ...
- Signals 'disturbing', but not 1991-type situation now: RBIReserve Bank Governor D Subbarao has said that rising fiscal deficit and short-term debt levels are "quite disturbing" but the nation is no...
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