The 10 largest economies by 2050 (in trillion 2010 PPP dollars) will be very different from what they are now. Read on to find out which are these nations and why India will be the largest economy. . .
The spending on a typical RT-PCR test would take up 23 per cent of the monthly income of an average Indian, compared to 2 per cent in China. This is one of the deepest cuts in the pocket of an individual, in comparison to 14 other countries, reports Abhishek Waghmare.
The ruling Pakistan People's Party's efforts to finalise a constitutional reforms package suffered a major setback after it failed to achieve consensus with the opposition Pakistan Muslim League-Nawaz on the procedure for appointing judges and on renaming the North West Frontier Province.
Abbasi will be sworn-in in later at a special ceremony at the President's House.
The airport would comprise two runways and handle 70 million passengers and 3 million tonnes cargo annually when fully developed.
Rashtriya Janata Dal chief Lalu Prasad on Wednesday described the railway budget as 'disappointing' and said the ministry's attempt to attract private firms to fund the rail projects is like 'chasing a dream'.
Earlier, Pakistan People's Party had elected first Hindu woman named Ratna Bhagwandas Chawla as a senator.
There is a huge opportunity for foreign investment in India as the government focuses on rapid infrastructure development in the country, Finance Minister P Chidambaram said.
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
People across Pakistan on Sunday paid tributes to slain former premier Benazir Bhutto and offered special prayers on the second anniversary of her assassination even as her close aides called on the PPP-led government to identify and bring her killers to justice.
Pakistan President Asif Ali Zardari is unfazed by the Supreme Court's judgment declaring the National Reconciliation Ordinance as 'unconstitutional', and has vowed to face the challenges.
Infra sector is neglected by the Modi govt.
Mamata Banerjee's Railway Budget evoked mixed reactions. While corporate India welcomed the moves made by the railway minister, opposition political parties flayed the budget calling it a fantasy and opoortunistic. Read on...
Intense political pressure has forced the ruling Pakistan People's Party to abandon a move to get the parliament to endorse a controversial law, which scrapped graft cases against President Asif Ali Zardari, raising questions about his future. Following a meeting of senior PPP leaders chaired by Zardari and Prime Minister Yousuf Raza Gilani, the party announced late on Monday night that it would not ask the parliament to validate the National Reconciliation Ordinance.
Pakistan People's Party leader Sherry Rehman was a close friend of Benazir Bhutto and was in Bhutto's vehicle when she was assassinated. After the PPP won the elections, Rehman became a minister. She quit months later but remains a member of the party. Excerpts from an interview with Jyoti Malhotra.
The Pakistan government has no plans to roll back the country's atomic programme and is committed to maintaining a minimum nuclear deterrence, Parliamentary Affairs Minister Babar Awan said Tuesday. The Pakistan People's Party-led government will not compromise on the country's defence and sovereignty, he said in the National Assembly or lower house of Parliament.
Pakistan President Asif Ali Zardari is committed to shed some constitutional powers well before March 30, the deadline he set for materializing his plan, well-placed official sources have said.
The Pakistan People's Party-led government is considering a proposal to seek Interpol's Red Corner notice against ex-military ruler Pervez Musharraf, in a bid to bring him back from abroad to face treason charges, days after he called party chief and President Asif Ali Zardari 'a criminal and a fraud'. Premier Yousuf Raza Gilani had even hinted that it might not be possible to put Musharraf on trial, after main opposition PML-N stepped up demands for action against him.
From a dismal Airport Service Quality ranking of 101 in 2006, it topped the list in 2016.
The government will launch a project for modernising employment exchanges, which will help the youth to get jobs by registering themselves online at any exchange in the country.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
'Unless we get the health and economic situations right at the same time, we will not recover.'
India has promised to reduce the emission intensity of its growth by 33-35 per cent from 2005 levels by 2030.
India needs long-term thinking for long-term projects and a better handling of PPPs, says Business Standard.
Union Road Transport & Highways Minister Oscar Fernandes said his ministry has decided to take up and fast track few expressway projects for the benefit of the industry.
"Call it a craze, fever or national interest but HSR is our window to the outside world."
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
No prior approvals required for setting up off site ATMs will enable banks speed up their franchise expansion.
The Railway Budget has impressed industry watchers.
The Union Road Transport and Highways Ministry proposes to build a huge network of expressways by 2022, also the final year of the Thirteenth Five-Year Plan.The ministry plans to build expressways in 3 phases -- by 2012, 2017 and 2022 -- and, accordingly, it has prepared a draft report for a network of the proposed 17,661-km of stretches.The report has suggested the government set up the proposed expressways on both an annuity and a public-private partnership (PPP) basis.
By financial year 2024-25, Morgan Stanley expects per capita income to rise 125 per cent to $3,650.
The US presidential election slated to be held in November appears to have tightened as a series of latest national polls projected that Republican Donald Trump has gained some ground in the last week against Hillary Clinton of the Democratic Party.
'The government has failed to understand the seriousness of the situation, and that's why they are underestimating the problem.' 'They think some tinkering here and there will fix the economy automatically.'
The Pak PM reiterated his government's firm resolve to extend its fullest moral, diplomatic and political support to the indigenous freedom struggle of Kashmiri people.
The centres will be set up under a pilot project on PPP (public-private partnership) mode across the country, principal advisor (skill development mission) of Planning Commission Jayati Chandra said, adding that these are expected to come up by the middle of the year.
The West Bengal government on Monday introduced two amendment bills in the state Assembly to boost investments in the state.
Congress leader Sachin Pilot, who was recently appointed the Rajasthan Pradesh Congress Committee chief, says people are disenchanted with the Vasundhara Raje government.
Asif Ali Zardari, the widower of former Pakistani prime minister Benazir Bhutto, won the Pakistan presidential election on Saturday, according to an unofficial tally of results. Zardari, who had been widely expected to win, had secured 458 out of 702 electoral college votes, according to partial Election Commission results.
With the Pakistan People's Party's efforts to strike a deal with the Pakistan Muslim League-Nawaz not bearing fruit, candidates of the three main parties, including Asif Ali Zardari, on Saturday remained in the fray for the September 6 presidential poll in Pakistan.PPP chief Zardari, PML-N nominee Saeed-uz Zaman Siddiqui and Pakistan Muslim League-Qaid's Mushahid Hussain Sayed will be the three candidates contesting the elections.
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