By Kavaljit Singh | Briefing Paper # 24 | March 23, 2019
The financial transaction tax is an issue that never goes away from the public agenda completely. It keeps coming back to the policy and political discussions in different forms across the world. Currently, the idea of a financial transaction tax (FTT) is gaining in popularity within the Democratic Party of the United States as a policy tool to curb excessive speculation and high-frequency trading that destabilizes markets; and to generate a significant amount of revenue to finance social programs…
By Forum Against FTAs | Manifesto | March 19, 2019
Following is the text of a manifesto for trade justice released by Forum Against FTAs – a network of India’s civil society organisations, trade unions, farmers’ groups, and concerned citizens – on the eve of the 2019 general elections urging all political parties to take a people-centric approach on trade policy and to institutionalise transparency in the process of India’s trade negotiations:
India is a huge country with great development potential. However, for this potential to be realised, Indian people must gain…
By Kavaljit Singh | Letter (FT) | March 12, 2019
At last, the Financial Stability Board has woken up to assess the potential financial stability risks emanating from leveraged loans that currently stand at more than $1.3tn (“Watchdog turns up heat on leveraged loan industry as high risk debt soars”, March 8). Since 2010, leveraged lending issuance has witnessed a rapid growth as yield-hungry investors rushed to grab the specialist loan vehicles — collateralised loan obligations.
What is worrisome is not merely the magnitude of outstanding debt, but the deteriorating…
