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In the summer of 1991, India undertook an action that no sovereign nation desires: it pledged its gold reserves. Under strict confidentiality, approximately 47 tonnes from the Reserve Bank of India’s vaults were transported abroad and deposited with the Bank of England and the Bank of Japan. This measure secured a $405 million loan, giving the country a temporary reprieve.Critical issue is whether a country’s assets comfortably exceed its liabilities and timing of these obligations. RBI’s data allows for a precise evaluation of this criterion. Watch #Economix with ThePrint Consulting Editor (Economics) Bidisha Bhattacharya:
On Lal Bahadur Shastri’s birth anniversary, watch #NationalInterest where ThePrint Editor-In-Chief Shekhar Gupta argued how Shastri’s legacy is unfairly overshadowed by peace he made at Tashkent and a visit that also took his life. Among his contributions were the Green Revolution and talent-hunting Dr Swaminathan.
Originally published on 22 March 2025.
Israel is investigating the FlyDubai incident as a 'jihadist terror attack'. FlyDubai’s FZ1073 was flying from Dubai to Tel Aviv on 30 September, when a bloody clash unfolded in the cockpit. The flight made an emergency landing in Saudi Arabia after Captain Smit Machchhar was stabbed by its co-pilot, reportedly an Omani pilot. The plane landed in Tabuk, Saudi Arabia, minutes after sending the emergency signal. The motive behind this attack is still being investigated. #CutTheClutter Episode 1911 details what unfolded on the FlyDubai flight. ThePrint Editor-In-Chief Shekhar Gupta also explains the facts we know, what we don't and the questions this attack raises over civil aviation safety.----more----Read Hussain Abdul-Hussain's tweet here: https://x.com/hahussain/status/2105278966281974128?s=46----more----Read 50Word edit here: https://theprint.in/50-word-edit/flydubai-pilot-smit-machchhar-saved-day-indians-proud/3059187/
US President Donald Trump announced $18-billion investment by Essar-backed Mesabi Metallics. The investment is to build the largest ever US steel plant. #CutTheClutter Episode 1909 traces the journey of the Ruias and Essar— from debt, to $25 billion repayment & and now an $18 billion bet in America. ThePrint Editor-In-Chief Shekhar Gupta also explains why Trump’s celebrating this step, and how his thinking on rejuvenating basic manufacturing in US has remained linear.----more----Read the Reuters report from November 2022 here: India's Essar Group is debt-free after repaying $25 bln | Reuters----more----Read The Economic Times Report from March 2021 here: RBI's 'dirty dozen': Most firms are on way to resolution three years on, ETBFSI----more----Read Prashant Ruia’s interview to Financial Times: https://www.ft.com/content/6df853f6-31b3-491e-8fb9-41e7ed34d04b?syn-25a6b1a6=1
Ukraine and Middle East wars show how the battlefield has been redefined. #CutTheClutter draws from comments by Indian Army Chief General Dhiraj Seth's comments at the NDTV defence summit, remarks by former Defence Minister of Ukraine Mykhailo Fedorov on X and an essay by the recently 'evicted' US Army Secretary Dan Driscoll in the Foreign Affairs. Why are their comments important and what's the common message in them? Episode 1998 looks at some of these crucial questions, and what they mean for the changing nature of wars. ThePrint Editor-In-Chief Shekhar Gupta also explains how technology has changed battlefields and lists the five key lessons for India.----more----Watch #CutTheClutter on Op Spider Web: https://www.youtube.com/watch?v=jGhelHxJgM8----more----Read Dan Driscoll's essay in Foreign Affairs here: https://www.foreignaffairs.com/united-states/rewiring-arsenal-democracy-war-dan-driscoll----more----Ukraine's ex-Defence Minister Mykhailo Fedorov's post: https://x.com/FedorovMykhailo/status/2103837667154669837----more----Army Chief's remarks at NDTV Defence Summit: https://www.youtube.com/watch?v=3MWjIBeDtHY
'The Modi government may not be ready to act against Gyanesh Kumar, but allowing the controversy to continue carries its own risks.' Watch #ThePrint #SharpEdge with Vir Sanghvi:
To Read: https://theprint.in/opinion/the-gyanesh-kumar-controversy-modi-govt-when-things-go-wrong-the-crises-keep-coming/3053031/
Gyanesh Kumar has now become the second most unforgettable among our 26 CECs. He obviously didn’t seek this ‘fame’. But he can’t shake it off. For Modi government, this has come at a juncture that’s usually troublesome in India: the third year of the incumbent. Watch this week’s #NationalInterest with Shekhar Gupta.
#cuttheclutter
US President Donald Trump hosted Chinese leader Xi Jinping for a 2-day summit. The summit featured much pomp and pageantry, but there was no talk of any hard bargain or breakthroughs. Both countries agreed to extend an existing trade agreement by two months. It will now expire on January 10, 2027, instead of November 10, 2026. Xi warned that U.S. support for Taiwan could complicate U.S.-China ties. #CutTheClutter Episode 1907 looks at the message behind the pomp and grand gestures, as well as the takeaways from Trump-Xi Summit. ThePrint Editor-In-Chief Shekhar Gupta also explains what the US-China G2 could mean for India and the rest of the world.
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