'Saudi-Pak defence pact is to anchor the defence and security of Saudi Arabia and not Pakistan, per se, with Islamabad being the junior partner.'
Giant Hurricane Ike began lashing the Texas gulf coast on Saturday with its fierce category 3 winds threatening to shut down United States' oil industry and flood the big water front area which is already under waist deep water. Ike, which has already churned through the Gulf of Mexico, is now on a collision course with Texas, where already over a million people in coastal areas have been evacuated but thousand others have ignored calls to leave, deciding to brave it out.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.