Macro advisory in moscow. He said the situation for the russian currency is unique. You should not be looking at it in the same way as if there was a slide in a normally functioning economy or a european economy. The rouble is entirely managed now by the central bank in conjunction with the Finance Ministry, and has been since we last saw the rouble collapse down to about 130 in march of last year. So the Central Banks priority last year was to keep the Rouble Exchange rate high at around 60, because it was tackling inflation, but this year, because of the sanctions impact and because that has led to a big hit on the value of russias oil exports in particular, they have devalued the rouble in order to compensate for that fall in dollar terms. In other words, weaker rouble translating dollars into a higher rouble amount to balance the budget. Thats been the priority this year. It doesnt reflect an imminent crisis. Sort of a broad collapse in the economy. Its the result of the central Ba
if you re sticking with, us we re thankful for that. the u.s. military becoming a political football for the house gop as they unleashed their anti-abortion rights, anti-trans, anti-woke agenda on a spending bill flooding americas fighting forces. instead of focusing on killing people employee stuff up, and having we are focused on dividing people up by race. i don t want someone who doesn t know if they are a man or a woman with their hand on a missile button. i couldn t help but pull out my pocket constitution, i couldn t seem to find anywhere in here where it says we need to fund programs for humanitarian aid for women and children in afghanistan. and one house republican in particular under fire for a shocking racial comment. we are going to dive into that this hour as well. plus, a defying president biden finding a new way to forgive the student loan debt for nearly 1 million people in this country. and as actors hit the picket line i m gonna be talking to thei
thank you. good to see you again, stephen. you just heard me talk about india s current place in the world, the most populous nation, a growing economy, a stable government. would you agree that india right now is in a good place? it s not in a bad place in overall terms. that is that it s a country, it has always been, i think, a country to be reckoned with on the world stage, but now it s number one in global population, it s number three in purchasing power parity terms in the overall gdp, number five in dollar terms. it s a country of some substance. it does have free and fair elections. every once in a while we sort of overturn state governments, so we haven t yet been able to overturn the central government. so it counts for a great deal on the world stage. and i must say that when you look at things like technology, it s done rather well for a so called developing country. it s got some very fine talents. we seem to have exported an awful lot of ceos around the world w
shashi tharoor, welcome to hardtalk. thank you. good to see you again, stephen. you just heard me talk about india s current place in the world, the most populous nation, a growing economy, a stable government. would you agree that india right now is in a good place? it s not in a bad place in overall terms. that is that it s a country, it has always been, i think, a country to be reckoned with on the world stage, but now it s number one in global population, it s number three in purchasing power parity terms in the overall gdp, number five in dollar terms. it s a country of some substance. it does have free and fair elections. every once in a while we sort of overturn state governments, so we haven t yet been able to overturn the central government. so it counts for a great deal on the world stage. and i must say that when you look at things like technology, it s done rather well for a so called developing country. it s got some very fine talents. we seem to have exported an