Prime Minister Narendra Modi’s unprecedented cash clampdown was initially hailed as a surgical strike against black money menace. But now it seems to be an ill-conceived economic harakiri. One month after Modi government banned the two largest bank notes, people are still struggling to get their hands on the new currency. India is largely a cash –based economy. The …

  The European Union after Brexit is not going to be an indulgent place. The remaining members of the bloc will do what they can to defuse political issues that worked in favour of Brexit, and killing so-called benefit tourism is one of the top items on the agenda. Benefit tourism — citizens of poorer EU countries moving to the …

  As if the distress caused by India’s cash ban wasn’t enough, somebody started a rumour that Axis Bank Ltd., the country’s third-largest private sector lender by assets, would have its license revoked. Axis had to issue a statement to quell the speculation. But while this may have been a brief panic, the message to investors and analysts is clear: …