It’s early spring and that means India’s national budget session is in the air. The Indian government will be formally presenting its budget for the next fiscal year on Monday. Last year’s $290 billion budget, as I discussed in The Diplomat at the time, showcased a gradualist approach to reforming India’s fiscal policy. The 2016 budget is the second to ...

None of the remaining Republican presidential candidates has a detailed health-care plan. The one who has done the most to outline an agenda, Senator Marco Rubio, is still a bit lighter on those details even than Barack Obama was when he ran in 2008. But Rubio is at least on the right track, while the other candidates are wandering aimlessly, ...

Last November, in a bid to internationalize its currency, China’s yuan was successfully admitted to the International Monetary Fund’s Special Drawing Rights (SDR) basket of reserve currencies, joining the Euro, the U.S. dollar, Japanese yen and British sterling in the cohort of elite currencies. The yuan’s ascension is an economic milestone for China and a political victory for the world’s ...