Conditions ripe for India to reap demographic dividend and become a key engine for global growth, says Lagarde
With a projected growth rate of 7.5% in 2015-16, India will become the world’s fastest growing major economy, fuelling global growth at a time when advanced economies are under stress and other emerging economies are slowing down, International Monetary Fund (IMF) managing director Christine Lagarde said on Monday. Delivering a lecture on Seizing India’s Moment at Lady Sri Ram College, Lagarde said this is a special moment for India. “Just as many countries around the world are grappling with low growth, India has been marching in the opposite direction... In this cloudy global horizon, India is a bright spot,” she said.IMF says India could fuel global growth
Ban on “India’s Daughter” brings India’s sons into focus
India marked the one-year anniversary in 2013 of the brutal rape of a young university student, which plunged India into a period of self-reflection and mourning whilst thousands took to the streets of Delhi in protest against gender-based violence.
India marked the one-year anniversary in 2013 of the brutal rape of a young university student, which plunged India into a period of self-reflection and mourning whilst thousands took to the streets of Delhi in protest against gender-based violence.
Debate has erupt...
India marked the one-year anniversary in 2013 of the brutal rape of a young university student, which plunged India into a period of self-reflection and mourning whilst thousands took to the streets of Delhi in protest against gender-based violence.
Debate has erupt...
UK to join China-backed Asian development bank
Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank (AIIB), making it the first Western nation to embrace the China-backed institution, but the United States reacted frostily to the development.
[caption id="attachment_13856" align="alignleft" width="300"]
File photo of the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing October 24, 2014. Photo- Reuters[/caption]
The AIIB was launched in Beijing last year to spur investment in Asia in transportation, e...
File photo of the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing October 24, 2014. Photo- Reuters[/caption]
The AIIB was launched in Beijing last year to spur investment in Asia in transportation, e...
NY leads cities boasting most billionaires with 78
According to Forbes, New York has more billionaires than any other city in the world – 78. With 10 less than the Big Apple, Moscow comes in second, home to 68 billionaires. Asia’s population of super wealthy individuals has risen sharply in recent years and Hong Kong rounds off the top three with 64. London is home to 46 billionaires, one more than Beijing which has 45. China’s capital is on course to overtake London in the near future.
Being ultra-rich is an inspiration to many people. However, not everyone can achieve the ultimate g...
Being ultra-rich is an inspiration to many people. However, not everyone can achieve the ultimate g...
Manmohan summoned in ‘Coal-Gate’ scam
Former Indian prime minister Manmohan Singh has been summoned as an accused along with five others in a case linked to the coal scam that saw mining rights being assigned without any transparency to private firms.
A special CBI court today also named Hindalco, its chairman Kumar Mangalam Birla, and former Coal Secretary PC Parakh among the six accused. They have all been asked to appear in court on April 8.
The charges against Dr Singh and the others include criminal conspiracy, corruption and breach o...
The charges against Dr Singh and the others include criminal conspiracy, corruption and breach o...
Pakistan renames 107 schools after Peshawar victims
Pakistani authorities have renamed 107 schools after the victims of last year’s massacre at a Peshawar school. More than 60 schools in Peshawar are among the institutions now bearing the names of victims of the attack. Most relatives approved of the gesture, but one parent told the BBC he had not been contacted.
Taliban gunmen killed more than 150 pupils and teachers at the school on 16 December. Since then authorities have promised to crack down on militants.
Teachers have been given firearms training and are now able to carry wea...
Taliban gunmen killed more than 150 pupils and teachers at the school on 16 December. Since then authorities have promised to crack down on militants.
Teachers have been given firearms training and are now able to carry wea...
