Defaults And Distrust
Markets The Essar Steel Saga Our first story this week was a dive deep into Essar Steel's debt saga and why it took 800 days to finally reach a resolution.
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Discord and Bailouts
In this week’s wrapup, we talk about the Saudi Aramco IPO, Yes bank, RCEP agreement, and why our real estate industry needs rescuing. BY FINSHOTS | 8 Mins Read Policy No such thing as Free Trade The big story this week was about the new RCEP agreement and India's decision to walk out of the deal. The Story The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement between the 10-member Association of Southeast Asian Nations (ASEAN), and a few other partner countries. The agreement seeks to create the world’s largest free-trade bloc by strengthening ties and reducing trade barriers between the 16 member countries. It’s all very simple really. With a free trade agreement in place, Indian manufacturers will be able to ship goods and sell them elsewhere without having to worry about, say a 30% tariff. This way prices can remain competitive and Indian manufacturers can actually have a shot at selling a lot of these goods...