Prime Minister Narendra Modi told thousands of supporters his government was devoted to the poor on Monday, directly tackling criticism he has governed for the rich and failed farmers in his first year in office. Article | One year on - Modi, reforms and markets
CALGARY, Alberta - Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted.
Militants killed four soldiers and an employee of a mobile phone shop in Jammu & Kashmir on Monday, in a spate of attacks in the disputed region. In Sopore, one employee was killed and two wounded when militants fired at a franchise outlet of BSNL. In a separate incident, three soldiers were killed and a fourth wounded by a group of six or seven gunmen. Full Article
Soaring temperatures have gripped parts of southern and northern India in an extreme heat wave which has killed more than 500 people and looks set to continue this week, officials said on Monday. Full Article
India, Pakistan and China need to shed their historical legacies, and find ways of ending the paranoid tensions that underlie their global outlooks. Until this has been achieved, the CPEC, BCIM and any other regional economic framework will be undermined and no long-term stability will be found in the heart of South Asia. Full Article
There is no reason why India cannot be the innovation capital of the world, home to the next Google or Amazon. However, the government needs to ensure ideas are given the opportunity to grow into a business. Creating tax reforms, bringing in venture capital, and creating simple policies for new businesses is the way to spark this transformation. Full Article
A number of readily teachable surgical procedures can stem much of the rising tide of human suffering. We associate surgery with space-age operating rooms filled with fancy equipment. A handful of conditions require that. But many do not. Non-surgeons trained to do simple procedures can alleviate up to three-quarters of the surgical need in underserved regions. Read
Numbers can lie, and undoubtedly will when they accumulate years of approximations, estimates and exclusions. It is probably hopeless to suggest that many of the innumerable data series based on GDP should simply be discarded just because they are mostly false and misleading. They are too popular for that. However, GDP is certainly a measure that should be used with extreme caution. Full Article