Economist Montek Singh Ahluwalia advocates for splitting large states like Uttar Pradesh to spur urban growth and creating ‘near-Metros’ from tier-2 towns. He points out challenges in achieving 8% annual growth and the complexities of initiating reforms in a fragmented global scenario.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.