Wealth of the richest 62 people has risen 44% in the five years since 2010, while that of the bottom half fell by 41%
Prime Minister Narendra Modi this month will be undertaking one of the longest ever abroad visits by an Indian head of government in recent times. He is scheduled to be on a nine-day, three-nation visit to Myanmar, Australia and Fiji from November 11 to 19. Later in the month, he will be in Nepal to attend the South Asian Association for Regional Cooperation summit on November 26-27.
Here's the full text of Prime Minister Narendra Modi's address to the United States Congress.
11th-hour debt restructuring programme offered no concessions to creditors
Here's your weekly digest of photographs that prove that it's a mad, mad, mad, mad world out there!
Buffett's remembers his association with Munger that began in 1959.
From Lalit K Jha Washington, May 15 (PTI) Alleging that recent trade policies of India are jeopardising its trade ties with the US, a Washington-based think tank has recommended the Congress to suspend trade benefits for New Delhi. "To be clear, a strong, growing, and collaborative trade relationshi ...
With Ro Khanna defeating eight-term incumbent Mike Honda, for the first time in history the Indian Diaspora has three of its own in the US Congress.
China's malfunctioning stock markets remained semi-frozen.
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
'The ISI has given a stunning display of its capacity to do with impunity what it likes within Kabul. Incensed over the triumphalism of the hardliners in Kabul, the ISI has hit out; it is a typical ISI reflex action that Indians are familiar with,' says Ambassador M K Bhadrakumar.
News of all that's transpired on and off the football field
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
Floyd Mayweather Jr. cemented his place among the pantheon of boxing greats by improving to 48-0 with a unanimous decision over Manny Pacquiao on Saturday in a fight that lived up to its immense hype and price tag.
King Salman and Narendra Modi will find common ground to intensify cooperation against jihadi terrorism, says Tarun Vijay, MP.
The target of $500 billion in bilateral trade by 2020 is doable, feels Anand Sharma.
Images of the events that shaped the world last week.
'Vietnam has become an adjective as well as a verb -- the Americans, for instance, were driven by the passion to do a 'Vietnam' on the Soviet Union when that country invaded Afghanistan in 1979.'
'The nuclear deal required Prime Minister Manmohan Singh to gamble the future of his government on a vision for the future of his nation.'
Pradyumna Nadakaduty didn't even know he was getting into social impact work when he applied for a job at Acumen Fund. Then something wonderful happened.
'What should worry India and which needs to be expressed is Russia's simultaneous proximity to both China and Pakistan from a strategic angle. That hasn't happened ever before,' says Lieutenant General Syed Ata Hasnain (retd).
Protesters outside the Jordanian pilot's home said they will seek revenge.
'What is the ISI doing and why can't they understand for their own interest that bringing stability to the region will help all the countries become prosperous, whereas a continuation of incitement will only lead to misery for all.'
'Clearly, from the Indian viewpoint, the US retrenchment from Asia cannot be happening as good news.' 'The abandonment of the US' pivot to Asia exposes the US-Indian partnership to be a mere transactional relationship,' says Ambassador M K Bhadrakumar
From reiterating his commitment to build the border wall to protecting the American way of life from terrorist threats, President Donald Trump outlined his vision for the United States of America
The February 13 meeting between Nancy Powell, who quit as United States ambassador to India on Monday, and Narendra Modi, the Bharatiya Janata Party's prime ministerial candidate, was frosty enough to convince the Roosevelt House (the official address of the US embassy in New Delhi) and the White House in Washington DC that much had to be done before US diplomats could aspire to any significant access to a Modi-led government in India.
'It is vital we should form an international coalition against ISIS, because their brutality and the use of the Internet for jihadist activities is a reminder that the entire world community has to be in this together,' US Congressman Ed Royce, chairman of the House Foreign Affairs Committee, tells Aziz Haniffa/Rediff.com in an exclusive interview ahead of Prime Minister Modi's visit.
'Happily,' says Ambassador B S Prakash, 'BRICS displayed new-found energy and built something real, a bank. Between needless nihilism and as yet unjustified euphoria, there are many stations for the BRICS train and we can watch its progress with renewed interest.'
'The question remains: Was the Obama visit truly a success? Only the future will tell us if the "breakthrough" in the nuclear liability issue will concretise into electricity.' 'As importantly, it will be interesting to watch how India's relations with China will evolve in the months to come.'
Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank's base in Shanghai. If established in Mumbai, it may have employed a few Indian bankers and satisfied the national ego but there was little financial value to be drawn from it.
The proposals appeared so far apart that success seemed higly unlikely
EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
As Prime Minister Narendra Modi arrived in New York on Friday on a five-day US visit, he was greeted with 'Har Har Modi' slogan.
'He brings fresh ideas and leadership.' 'Modi is bold, doesn't care about criticism.' Members of the Madison Square Garden audience praise Prime Minister Narendra Modi's speech.
Industry analysts were broadly excited at the prospect, but sceptical that it could produce a working model at a mass-market price that soon.
'I believe Modi mentioned Balochistan only to embarrass Pakistan and also divert attention toward the situation in Kashmir.' 'I think from now on, India intends to raise Balochistan whenever Pakistan brings up Kashmir or upsets them on the issue of terrorism.' 'Balochistan is the least developed of Pakistan's four provinces. It is the least educated and least economically developed. People are agitated that a region so rich in mineral resources and a sea-port is still so poor.' Baloch political analyst Malik Siraj Akbar on why the province wants freedom from Pakistan.
Ever pragmatic, the Americans are convinced that the future is in the Indo-Pacific.
There is a new Indo-Pacific century, and India has to decide whether it has its eyes on the prize, says Rajeev Srinivasan.
'The US wants Modi to succeed because we want India to succeed. For our part, when India thinks of its partners in the world, we want it to think of the US first. That means positioning our country as the preferred provider of the key inputs that can help to propel India's rise.' 'The meeting between Modi and Obama is, and must be, an opportunity for true strategic dialogue -- not a scripted exchange of talking points, but an open discussion of the big questions. What kind of world do we want to live in? What are our true priorities? And most importantly, why does this partnership still matter?'
New Delhi and Beijing are the only two regional capitals that have commented on US President Donald Trump's speech on August 21 outlining the way forward in Afghanistan. The Indian foreign ministry statement was effusive in praise, while the Chinese statement has been one of cautious and guarded hope. Delhi has identified itself with Trump's Afghan strategy, whereas the Chinese stance is calibrated -- observant and objective, keeping a distance, says Ambassador M K Bhadrakumar.
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