‘Twin Deficits’: A Tale of Fiscal Folly, Not Trade Failure

No notion in economics is responsible for more misunderstanding and misguided government policies than that of the “balance of trade” (or “balance of payments”).  Rightly ridiculed in 1776 by Adam Smith as “absurd,” the so-called “trade balance” supplies protectionists with cheap yet convenient cover for their destructive interventions. The main reason is language: Saying that…

Karnataka class 10 SSLC exam results 2025

Results of the Karnataka class 10 SSLC exam were announced on May 2. A record 22 students scored 625/625 to emerge as toppers in the State. Photo: Special arrangement Roopa Channagouda Patil, Government Composite PU College, Belagavi Photo: Special arrangement Akeel Ahmed Nadaf, Oxford English Medium School, Vijayapura Photo: Special arrangement Shagufta Anjum, Government Composite…

Pahalgam Terror Attack Aftermath: India to oppose IMF, other MDBs lending to Pakistan, say sources

India-Pakistan Conflict After Pahalgam Terror Attack, IMF Executive Board Meeting Tentative Date: Amid rising India-Pakistan tensions following the terror attack in Pahalgam, Jammu and Kashmir, last month, India is likely to oppose a proposed loan by the International Monetary Fund (IMF) to Pakistan, sources told Zee Business. India may also challenge potential lending by other…