The ruling Pakistan People's Party on Friday condemned as 'despicable' the claim by an Indian author -- that its late party chairperson Benazir Bhutto had confided to him -- that she participated in the nuclear black market.In a statement, PPP spokesman Farhatullah Babar said the claim that Bhutto had "made such an acknowledgement to an obscure journalist is a tasteless and cheap exploitation of her tragic assassination".
One of India's most seasoned diplomats on Pakistan, who has had extensive and deep interaction with the Pakistani elite, told rediff.com, "Americans are likely to encourage a deal between the PPP and Musharraf. But we will have to wait and watch."
There is lack of scientific basis in computing the poverty line, says govt.
Is India really one of the cheapest nations to live in?
A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms.
Yes. Whilst public expenditure is kicking in, the key reason is the decline in private investment
Khan's Pakistan Tehreek-e-Insaf (PTI) won 15 of 20 seats up for grabs in the politically crucial province of Punjab on Sunday, dealing a major blow to Prime Minister Shehbaz Sharif and his 13-party alliance led by the ruling PML-N.
Pakistan Muslim League, a key partner in Pakistan's ruling coalition on Tuesday withdrew 17 of its ministers from the federal cabinet, saying the Pakistan People's Party-led government had failed to honour its commitments and to resolve the problems of the people.
The recent release of the updated index for comparing the value of currencies across countries - generally known as purchasing power parity, or PPP - will have far-reaching implications.
Shehbaz, the 70-year-old younger brother of former three-time prime minister Nawaz Sharif, has served as chief minister of the country's most populous and politically crucial Punjab province thrice.
With the Sharif family set to return to power in Pakistan amid the fast-deteriorating economic situations and political instability, it is to be seen if Shehbaz Sharif infuses fresh energy into the system, or the much-tainted family continues to resort to its old ways.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
Smaller parties in Pakistan have launched a bid to patch up differences between President Asif Ali Zardari and the opposition Pakistan Muslim League-Nawaz chief Nawaz Sharif before matters reach a point of no return.
The scheme is expected to activate the measures announced for the housing construction sector under the economic stimulus packages. It will increase the stock of houses ranging from 300 sq ft to 1,200 sq ft plinth area built at affordable rates on land provided by state governments.
The Centre will release Rs 95,082 crore as tax devolution to the states this month after including one advance instalment to help them push their capital expenditure, Finance Minister Nirmala Sitharaman said on Monday. After a meeting with all chief ministers and state finance ministers, Sitharaman said states had said that it would be helpful for them if the tax devolution is front loaded.
India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the COVID pandemic and the inevitability of climate change, Reserve Bank Deputy Governor Michael Debabrata Patra said on Monday. Relative to macroeconomic configurations in 2013 when India was described as one of the fragile five countries, he said, "India is better positioned currently, as its macroeconomic fundamentals have improved significantly, and external sector indicators point to the availability of enough cushions to manage external shocks." He was speaking at a conference on 'Growth And Development in the BRICS Economies' organised by the Delhi School of Economics (DSE) and the Indian Statistical Institute (ISI).
Finance Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects. During a meeting with senior government officials to discuss the infrastructure roadmap, she also urged the ministries and their CPSEs to ensure clearance of Micro, Small and Medium Enterprises (MSME) dues at the earliest. This was the fifth review meeting by the finance minister with ministries and departments on the infrastructure roadmap.
Pakistan Peoples Party chairman Bilawal Bhutto Zardari stayed away from the country as his mother and former premier Benazir's death anniversary was observed on Saturday across the country, giving credence to reports that he is having serious differences with his father Asif Ali Zardari.
The National Assembly session for the move is expected to be convened on March 21 and the voting is likely to be held on March 28.
While India is witnessing slowdown, many countries have not yet been able to come off the last decade's financial crisis.
The charged PTI supporters, including women and children, showed their solidarity with Khan during the rally that started at 9 pm on Sunday and lasted till 3 am on Monday.
"We believe that all the difficulties the country is facing can be resolved with the support of all the political parties," Zardari told journalists after meeting Jamiat Ulema-e-Islam leader Maulana Fazlur Rehman. The PML-N has indicated that it will support the PPP-led government from outside. Zardari has been working to get the backing of all parties, including the Jamiat, for the government and his meeting with Rehman was part of these efforts.
The Cabinet on Wednesday approved public private partnership mode for the rollout of BharatNet project for broadband services in villages in 16 states with viability gap funding of Rs 19,041 crore, Telecom Minister Ravi Shankar Prasad said. Prasad said the decision to involve private players was taken after Prime Minister Narendra Modi announced on August 15, 2020 that around 6 lakh villages in the country will be connected with broadband in 1,000 days. "The Cabinet has in-principle approved implementation of BharatNet in 16 states in a public private partnership model with total expense of Rs 29,430 crore.
A larger bench of the apex court -- comprising Chief Justice Umar Ata Bandial, Justice Ijazul Ahsan, Justice Mazhar Alam Khan Miankhel, Justice Munib Akhtar and Justice Jamal Khan Mandokhail -- took up the matter after Deputy Speaker Qasim Suri rejected the move to dislodge the prime minister by declaring the no-trust motion unmaintainable due to its link with a so-called foreign conspiracy.
The prime minister needs 172 votes in the lower house of 342 to foil the Opposition's bid to topple him.
Presenting the Narendra Modi government's maiden Rail Budget, Railway Minister Sadananda Gowda announced setting up of logistic parks and private freight terminals on PPP model.
The government expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline released on Monday. Government think tank Niti Aayog has valued over 2.86 lakh kilometre of optical fibre assets laid by BBNL and BSNL under rural broadband project Bharatnet at Rs 26,300 crore, according to the National Monetisation Pipeline (NMP) document. According to the document, BSNL's 13,567 mobile tower assets and MTNL's 1,350 towers have been valued at Rs 8,800 crore.
Around 100 lawmakers from the Pakistan Muslim League-Nawaz and Pakistan Peoples' Party submitted the no-confidence motion before the National Assembly Secretariat on March 8, alleging that the Pakistan Tehreek-e-Insaaf government led by Khan was responsible for the economic crisis and the spiralling inflation in the country.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
The first public-private partnership (PPP) initiative in bottled drinking water has taken shape at Amethi in Uttar Pradesh, with a Rail Neer plant set for commissioning.
The Kerala high court on Monday dismissed petitions filed by Kerala government and others challenging the Centre's decision to lease Thiruvananthapuram international airport to Adani Enterprises.
The government was going in the "wrong direction" and it was "highly condemnable" that it did not discuss the proposed changes with trade unions and other stakeholders, says BMS, trade union arm of the RSS.
To facilitate foreign direct investment (FDI) in high- speed rail projects, the government is likely to allow private sector entry in operations.
In the current year, India's economy will grow to become $ 3 trillion economy, sixth largest in world.
Two of his allied parties also withdrew their support and joined the ranks of the rejuvenated Opposition.
'India is ahead only of Pakistan in the amount spent on each soldier a year.' 'The Indian military is a manpower-heavy throng that is poorly armed, equipped, and trained,' observes Ajai Shukla.
Finance Minister Nirmala Sitharaman announced on Monday a record sum of Rs 1.10 lakh crore for the Railways, out of which Rs 1.07 lakh crore is for capital expenditure, and said the national transporter would monetise the dedicated freight corridors after its commissioning. Presenting the Union Budget 2021-22, Sitharaman also applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown.
ADB's calculations imply almost half of India's population (47.7 per cent) was below the line in 2010. Both these estimates are based on the year 2005's purchasing power parity rates.
No prime minister in Pakistan's recent history has survived long in office after appointing an ISI chief who did not have the army chief's confidence. Imran may be no exception, observes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing.
