Thought for the day

"We do not at present educate people to think but, rather, to have opinions." -- Louis L'Amour

donate

India Set To Become Third Largest Economy By 2030, Say Experts MikeRivero Sun, 09/04/2022 - 07:35

India has overtaken the United Kingdom (U.K.) to become the world's fifth-largest economy and now only trails the US, China, Japan and Germany, according to International Monetary Fund data projections.

As India overtook the UK as the fifth largest economy in the world, Indian economists suggest that by 2030 India will become the third largest economy globally, the ANI report says.

US Deputy Secretary of Treasury Wally Adeyemo held wide-ranging talks with Indian officials, including Finance Minister Nirmala Sitharaman, on August 26, trying to persuade India to join the move. The discussion on the price cap is likely to continue next week during the visit of India’s Commerce and Industry Minister Piyush Goyal’s to the US.

India has not committed to the US’ proposal of capping Russian oil prices during the recent visit of US Deputy Secretary of Treasury Wally Adeyemo, three government officials in Delhi told Sputnik.

The little boy in blue could be around nine or 10 years old. He's sat with his family on rescued furniture and they are surrounded by floodwaters.

The Joe Biden administration is concerned about Indian involvement in Russia’s massive war games, White House Press Secretary Karine Jean-Pierre told reporters on Tuesday. Roughly 50,000 troops from several countries will participate in the "Vostok" military games held in far eastern Russia. 

Richer countries have a "responsibility" to help Pakistan deal with flooding and prevent future disasters because they've caused climate change, its planning minister has said.

More than 1,000 people are reported to have died so far and over a million homes have been damaged.

 Authorities in Pakistan issued an emergency appeal for international humanitarian aid as the death toll from 2022's "monster monsoon" season soared over 1,000. Flooding from weeks of torrential rain has left hundreds of thousands of people homeless across the south Asian nation, which was already reeling from a deep economic crisis.

The death toll from ravaging monsoon floods in Pakistan crossed 1,000 as several countries, including Qatar and Iran, pledged emergency support in the wake of a deluge described as a “humanitarian disaster of epic proportions”.

The toll since June has reached 1,033 with 119 people dying in the last 24 hours, the National Disaster Management Authority (NDMA) said on Sunday.

It warned of “very high” level flooding in some areas alongside the Kabul and Indus Rivers, particularly in Nowshera in Khyber Pakhtunkhwa (KP) province and Kalabagh and Chashma in Punjab province.

Amid continued blackouts and great political unrest, the Pakistani government has threatened protesters with having their digital IDs blocked so they can’t access their bank accounts.

Interior minister Rana Sanaullah issued the threat as a warning to former PM Imran Khan (whose been encouraging protests across the country), his cabinet, and protesters after one federal minister was publicly heckled in a restaurant.

Russia and India don’t need the US dollar in trade, having turned to national currencies to conduct mutual settlements, BRICS International Forum President Purnima Anand told reporters on Thursday.

We have implemented the mechanism of mutual settlements in rubles and rupees, and there is no need for our countries to use the dollar in mutual settlements. And today a similar mechanism of mutual settlements in rubles and yuan is being developed by China,” she said.