Lawmakers have been finally put to task. Populist stances, opposition for the sake of it and political opportunism can be witnessed in the ongoing debate on the reformed GST bill in the parliament.

Six months after the eurozones €110 billion bailout package for the debt-ridden Greece, the Irish government has opened its Pandoras Box of high borrowing costs. After much deliberation, Irish officials requested a bailout package worth €80-€90 billion, which will be funded by the European Union and the IMF.

With global commodity prices skyrocketing in the recent months, the world had been caught up in the classic chicken or the egg problem. The west has been arguing that ballooning Chinese demand has stoked food and fuel prices, whereas the Chinese have been retorting that it is actually global price hike that is responsible for higher inflation in China.