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2026/06/25 Daily Edition

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worldJune 25, 2026Moneycontrol

Jaishankar Takes Aim at 'Entrenched Powers', Rejects Zero

External Affairs Minister Dr. S. Jaishankar delivered a pointed message to the world's established powers at the Jeju Forum in South Korea, warning against turning the global economy into a zero-sum contest. Without naming any country, Jaishankar said some entrenched powers are struggling to accept the loss of competitiveness and are challenging the principles of cooperation. Invoking India's philosophy of Vasudhaiva Kutumbakam, he called for a fair, multipolar world order where emerging economies have a greater voice in shaping global decisions.

businessJune 25, 2026Deccan Chronicle

Abhijit Bhattacharyya | Currency Stability Basis Of A Nation’s Economy

India’s first woman PM got deep into an all-round mess of two wars (the 1962 treachery by the Chinese and the aggression of Pakistani dictator Ayub Khan in 1965). A combination of drought, an adverse trade balance, a mounting current account deficit and acute foreign exchange crisis led to India facing potential economic collapse. The nail in coffin was due to the stringent loan/aid conditions imposed by the World Bank and International Monetary Fund