The International Monetary Fund (IMF) has said its executive board granted $1 billion in assistance to Pakistan this month after finding out that the country met all conditions and targets for it.
In 2024, Pakistan shelled out $10.2 billion in defence spends.
India's Permanent Representative to the UN Ambassador Parvathaneni Harish said that the Indian sub-continent offers a "stark contrast" in terms of progress, prosperity and development models.
The disbursement of the second tranche comes on a day when the International Monetary Fund is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region.
In an unexpected move, the government has terminated services of K V Subramanian as the executive director at the International Monetary Fund (IMF) six months ahead of his three-year tenure. The move comes days before the IMF executive board is to consider financial aid for debt-ridden Pakistan.
India registered its protest at the board of IMF, which met on Friday to review the EFF lending programme for Pakistan.
With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken.
James Anderson concluded his illustrious 21-year international cricket career with his 704th and final wicket on Friday during England's commanding victory over West Indies
Emotional after Canada's solid performance against the second-ranked team in the world, Herdman drew the attention of Croatian media after he said his team would go and "eff Croatia".
While Canada may have been humbled, coach John Herdman remained unbowed making no apologies for his incendiary remarks - which caused a stir in Croatia.
The Indian Coast Guard (ICG) Ship 'Sajag' was commissioned by National Security Advisor Ajit Doval.
The United Progressive Alliance's (UPA) growth story is far from truth and is mere a statistical jugglery.
According to the 18th version of Greenpeace's Guide to Greener Electronics, Wipro has topped the list of 16 electronic companies across the world based on their commitment and progress in three environment criteria: energy and climate, greener products and sustainable operations.
India's under-19 cricket team was swamped with congratulatory messages from politicians, cricketers and corporate bosses on Twitterati for lifting its third U-19 World Cup title after a gap of four years at Townsville.
India's ties with China are gradually becoming competitive, with a sentiment gaining ground among Indian policy elites that China is not sensitive to India's core security interests and does not acknowledge its status as a global player, says Harsh V Pant.
The government on Monday notified the decision allowing free export of sugar, a move that will help industry ship surplus sweetener and clear cane payment arrears to farmers that have mounted to over Rs 10,000 crore (Rs100 billion).
The rising crime rate in Guwahati - a city that serves as the gateway to the North East, with a large floating population, has prompted the government in Assam to install CCTV cameras at vantage points. The city also plans to introduce a police commissionerate.
Give us YOUR take on these famous personalities' fashionable (and not-so-fashionable!) choices.
Mirjana Lucic-Baroni could barely contain her joy after continuing her remarkable run at the Australian Open to reach her first grand slam quarter-final since the 1999 Wimbledon championships on Monday.
Ahead of Premier Wen Jiabao's visit, China on Monday said its relations with India were 'very fragile' and needed special care and guidance from the government to the public to avoid a war of words. "China-India relations are very fragile and very easy to be damaged and very difficult to repair. Therefore, they need special care in the information age," Chinese envoy to India Zhang Yan said at a conference.
The government had in July 2010 imposed a cess on coal at an effective rate of Rs 50 a tonne.
Everyone wants to network but may not know how to go about it. Parul Banka tells us the things one must and mustn't do to get it right.
Hari Krishna Prasad Vemuru received sustained applause from the audience at the 19th Annual Pioneer award celebration, hosted by the Electronic Frontier Foundation--a nonprofit that works to protect rights in the digital world--at the Minna Gallery in San Francisco.
An inspirational catch at first slip by Anushtup Majumdar off Ranadeb Bose's bowling enabled Bengal earn three points against Delhi by virtue of 14-run first innings lead in a Group A Super League match of the Ranji Trophy at the Feroz Shah Kotla Ground in New Delhi on Thursday.
India's Vijender Singh got off to a smashing start in the men's boxing event at the 2010 Commonwealth Games in Delhi, on Friday.
The death toll in the current outbreak of swine flu in Andhra Pradesh has mounted to four while 23 cases have been registered across the state so far, Principal Secretary P V Ramesh told journalists in Hyderabad on Sunday.
The market for energy efficiency products and services, and tradeable efficiency certificates - which India is going to launch - could be as large as Rs 74,000 crore.
The increase in prices by the country's largest steel producer is effective from April 1.
The SC's dismissal of the Income-Tax department's plea that companies cannot claim deductions against tax liabilities on account of losses due to foreign exchange rate fluctuations legitimises the way companies were accounting for these forex losses.
The England and Wales Cricket Board (ECB) said it had terminated, with immediate effect, its contracts with the Stanford group following a meeting of the executive committee on Friday. The Texas billionaire is accused of being involved in an $8 billion (5.5 billion pounds) fraud.
Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes said.
We have already covered the first ten nominees, and here are the rest.
Nineteen US organisations have filed a lawsuit against the National Security Agency, claiming that its secretive internet and telephone surveillance program violates the constitution.
Capabilities are the third, and the most hidden, of the under-exploited assets in our study. Tapping in to them is critical to the strategic renewal of many businesses, as well as for strategic incursions on less capable rivals.
Astrologer Bejan Daruwalla cautions against superstitions about Aishwarya Rai.
Close on the heels of the disqualification of Samajwadi Party MP Jai Prakash Rawat, the Lok Sabha speaker on Monday disqualified another MP of the party S P Singh Baghel from the membership of the House under the anti-defection law. The two MPs had defied party whip by voting against the United Progresssive Alliance government in the trust vote in Lok Sabha on July 22.
A new web application - Hooeey, enables net surfers to track browsing history and maintain browsing time.
International Olympic Committee president Jacques Rogge said opening up a fifth of the world's population to the idea of Olympism, coupled with the media scrutiny China will be under in the run-up to the August Games, were reason enough to award the Olympics to China.
The agreement is subject to approval by the IMF management and consideration by its executive board, which is expected in early April.
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