one involving japan and india. trade between japan's own near neighbor and the south asian country has apparently surged 40% since the agreement went into effect. japan should learn from south korean manufacturers that have successfully adapted to the indian market. japanese manufacturers should try to figure out ways to use their technological clout in the areas of expertise. what's crucial is that they must conduct market research and get a better sense of what india is like and how it works. in my experience, the importance of face-to-face meeting cannot be underestimated. they are the best way to understand one another and what the other side wants. and one thing that impressed me at the summit was a remark by a reliance industry chairman, mukesh ambani. >> our vision is that we transfer on a massive scale, small and medium-scale business from japan to india, not only to serve the indian market, but together to really try and serve the world markets from india. >> india wants to move ahead economically and soci

i think that the forthcoming india will be a problem or a sign that india's future cost of growth. >> right. thanks for your perspective. appreciate it. >> and welcome back to your weather update. we are looking at weather in east asia. and of course the activity will be across gentleman opinion. can you see the clouds from the typhoon system as well as the frontal line. also really subtle conditions. as well as much of china settling conditions. we look towards the south. more across southeast asia. so the endo china peninsula, there will be widespread showers and thunderstorm and heavier down pours. will be possible. and across portions of vietnam. for temperatures on wednesday looking like this, 25 degrees in tokyo so it will be a wet and cool side today. 23 degrees. 27 in beijing. warmer. 18 meanwhile, is down right cool. for the americas, clouds are moving out of the eastern seaboard. things are settling for the northeast corner of the united states. however, there is plenty of activity in the southeast showers and thunderstorms while we have this low that will be moving into the

but the key thing about the east india company is after the mid 18th century, the east india company came to rule over much of the south asian subcontinent which included most of modern day bangladesh, india and pakistan. the east india company was rolled up in 1858 following great mutiny of 1857 and 1858, and control of the south asean subcontinent passed to the british crown. >> how did it get its charter? >> its charter was granted to a group of merchants who had petitioned the e his beith than court for the exclusive right to trade, and it was actually one of the number of european trading companies including the hudsons bay company that was also chartered by the english crown, but its main competitors were the french east indian company and more powerfully and importantly, the dutch east indian company which largely followed the same course of con and rule, but over the indonesia archipelago. >> when you say it ruled, what was its geographical area that it ruled, and how did it rule? >> that's a very complex question because the east india company being a kind of parasital organ

troops are actually india hindus, as most of the troopers at the east india company and subsequently the british indian army were. so most of the troops that fight in the first, second and, indeed, third afghan war and subsequent border wars are indian troops. so that carries a different dynamic to it. secondly, upon their initial arrival, what the british did in their previous in versions into afghanistan, is largely what the americans did in 2001 which was basically buying off those who might make the entry more and more difficult. however, what happens over time is that british troops became overextended, their occupation increasingly became a source of tension with local political leaders, and those political leaders were able to mobilize i kind of see the phobic angst among the populace of afghanistan and try them out. so the first afghan war, most famously leads to the defeat of the british garrison in kabul who were forced to retreat in 1841 and 18842 -- 1841 and 1842. having been the only survivor of that retreat. he was not that but there's this mythology of empire being mai

. >> india finds itself embarrassed. its ambitions of being a global part are very poorly reflected indicators. there is an acute embarrassment that the second class in the world has almost half of the children malnourished. >> they work for india's supreme court that monitors compliance with the court's orders. about a decade ago, activists saying the government was denying children basic right to food took their case to the court. the justices twice upheld the right and ordered that every child be provided a cooked meal in school. at first he said there was resistance from government officials. >> there was no infrastructures and the teachers would get over and they didn't have the financial resources. the supreme court reaffirmed that they can never be allowed to come into the way of the children's right to food. if the government had to tighten their belt, it had to happen elsewhere. >> with a stroke of apen, they ordered the largest school meal program in the world. that left the daunting task of implementing it. >>

relationship with india. the council on foreign relations and the aspen institute india has released a new report about the shared interest tween the twcountries. joining me now one of the studies authors k shankar bajpai, he has served in many diplomatic positions including india's ambassador to pakistan, china and the united states. i'm pleased to have him at thisable. welcome. >> thank you. >> rose: tell me who made up this-- the commission that wrote this and what it says. >> well, we have eight extraordinary, distinguished americans with a wide experience of ruing your country's affairs. >> rose: right. >> and we had nine indian counterparts, perhaps not so distinguished but also experienced. and we thought that it was time for the two sides to try and figure out how to make t slow-- of the partrship that heen declared by both leaders in both countries to be a common strategic partnership, but how make it more than a slow go. what are the realities of this commonality and where it is it that we differ. a

india. thousands of years ago and hundreds of years ago in india there were no movie theatres, no television, no radio, no comic books or no books for people like you and me to read. was this the same here? >> yes. all offer the world it was like that. ask your parents. they can tell you what it was like before the internet. so, people told stores. i bet you tell stories. did you tell a story today? >> yeah, i bet you did you went up to our friend and said, did you see that? your friend said, no, no he didn't. right? that's a story. so, i will tell you a story. in india, here we have super heroes like, tell me a hero. >> super man. we have super heroes in india. krishna. lifts mountains and throws them to the ocean to create bridges. i will tell you the story about a super hero. krishna as a little boy in the village where the trees blow and the water flows and the birds fly and the grass grows, in this village there are cows. and people and they go to the river and they go to get their wate

we have super heroes in india. krishna. lifts mountains and throws them to the ocean to create bridges. i will tell you the story about a super hero. krishna as a little boy in the village where the trees blow and the water flows and the birds fly and the grass grows, in this village there are cows. and people and they go to the river and they go to get their water. and they go to the river and what do they see? an evil demon is polluting the river. callia. and they can't get water because it's killing the cows and the people. so, they go to krishna and say, please, do something about this this is not good. he says, he thinks about it and says, okay. he takes his friends to the river to play. they play ball. they play with the ball and then by accident or may be not, the ball goes in the -- river. and callia is in the river. krishna is swimming through the dark waters and sees the ball is in the tail of the serpant demon. he sees the ball and the demon is sleeping. so guess what he does? he picks up the tail and slowly pull

into the mogel time in india this come from hindu and western cultures brought together. when the mogels came from persia to north india they saw the story telling and thought it was a beautiful art form. they were not engaged with the story but saw the beauty in the footwork and hand movement. they brought the dancers into their courts. they were a form of entertainment. so, i want you to put your imagination caps on. we will go from the forest into a beautiful mogel palace. there are velvet carpets and peacocks walking around. there are beautiful paintings and everyone all of you, the audience have come to enjoy the court and the king sits on his thrown in the corner twirling his mustache and he called for his dancers and they come to the room. you are here to be entertained by them. this is called taught. taught is a highly stylized tuning of the mind and body together. you will see very fast turns ending in sharp stances and things with our eyes and eye brows and our neck, our hands. and you will also hear a language, which you might have heard. this is the language o

but there might be better times ahead for developing connelly's next we sit down with one of india's leading economists to find out how emerging markets are responding to the challenges of turbulent times. the as and p. downgrade of the united states economy has varies many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty sixteen so how is all of this going to affect the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this is oxford educated economist and the youngest to me an advert the head of world bank department he's now the chairman of india's planning commission mr monti axing ahluwalia i want to thank you so much for joining me so first of all i want to ask you is the second wave of the global financial crisis upon us i think what would happen is markets would be disrupted slightly moderate growth prospects for the card in

in india do you think that perhaps there could be a shift in the world order and. india could be somehow gaining from what's going on in washington and there is certainly a shift going on in the world there's no doubt about that i mean any medium a long term projection suggests that japan will go relatively slowly europe may grow a little bit faster going to pound the us has traditionally been viewed as a very dynamic economy is likely to grow faster than europe but the growth rate in these economies would be much less and the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic politicking praise one is to asia and another way of looking at it is really the rising rate of emerging market countries and i think you're thinking of a world in which there would be a large number of relatively equal economic groupings you want to global system that can accommodate got it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been

treasury bonds i mean what's the planning commission short term predictions for india in relation to everything that's going on right now the big message coming out of how the global economy is moving is that the industrialized countries are going to grow more grew more slowly whereas the emerging market countries are going to grow faster india's been growing for the last five years at about eight point two percent anybody who's investing and looking around the world if they find one market is growing and you know between somewhere. treated in the hall for nine percent another mark is a good two and a half percent i mean they would be very well advised to invest in the markets that are growing so expect on a medium term basis that india would be at already is and will remain preferred destination for foreign investment people look at their global portfolio traditionally they've invested too much money in the industrialized world not having anticipate what the consequences of globalization would be so over time i think they should be rebalancing a little more towards the emerging mark

we know that she left india. nobody is absolutely sure where she went, what the surgery was, in what condition is she coming back. we hear from what the congress is telling us. what her level of interaction with the party and what responsibilities she takes up the delegates to others is not yet clear. >> the party and the government both felt her absence during the demonstrations and protests and the hunger strike. >> absolutely. congress is a party -- i can only compare what she means to the party. it is at a critical juncture. it is not so much direct orders or directions that she gives. just a knowledge year or a direction here. some pointers to how to administers can coordinate the party from working cross purposes. she gives direction to policy and decisions. the party just cannot function. that is how crucial role is to the party. >> do you think there could be a succession in the months to come if the illness is more serious than what? >> i think in any case, we are set for a succession over the next few y

most of that depends on what will happen in china and india. >> birth rates for boys in india and china are the highest in the world. they are the most populous nations by far. the asian continent is home to over half of the people on the planet. if the world today were a village with 100 residents, 60 them would be from the asia- pacific, 15 would be african, a 11 european, nine of them come from south and central america, five from north america. population groh is strongest in developing nations, especially in urban areas. many people moved to the cities in search of work. many started big families to make sure they will be supported once they get -- once they give birth. the mega cities haveore than 10 million residents. the global population surpassed 1 billion in 18 05 and industrial development lead to better living standards and medical care. people were living longer and the birthrate is still high high. gradually, birthtes and industrial nations began to drop. if your children meant higher living standards. -- last children meant higher living standards. today, there is nearly

. >> more than 2 million people have been affected by floods in india. torrential rain has blasted the north and east. 80 people have died. heavy monsoon rains have been battering india for a fortnight. >> waiting for help. these villagers are some of the 2 million people stranded by india's floods. their homes are underwater. this is now the only way to get around. heavy monsoon rains have been battering parts of northern and eastern india for the past fortnight. the government launched operations to help those of the worst hit areas. hundreds of boats are being used to ferry the stranded to safety. nassau rescue helicopters have been dropping food parcels to run but parts of the country. >> rescue operations are going on since yesterday, relief materials as well, and all steps are being taken by the administration to bring relief to the people. >> but for those who do escape the floods, this is another life -- living out in the open with the few possessions they have managed to save from their homes. more heavy rains are forecast in coming days. many o

do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grew a little bit foster good and the us has traditionally been viewed as a very dynamic economy is like through the roof of europe. but the growth rate in these economies will be much less than the growth rate in the emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia and another way of looking at it is really the rising rate of emerging market countries and i think you are thinking of a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been said that europe

and it is voeconveniently locat between india and southeast asia. manufacturers look at bangladesh as a cheaper alternative to china, where labor costs are rising. during their meeting on tuesday, india agreed to scrap tariffs on textiles from bangladesh, one of its key exports. the visit is aimed at weakening china's influence over bangladesh while strengthening ties with one of the region's emerging manufacturing hubs. >>> and india's government has suffered a major embarrassment with the arrest on tuesday of a senior lawmaker on suspicion of bribery. his arrest comes at a sensitive time following a string of corruption scandals. amare singh is a leading figure in one of the ruling parties. he was taken into custody for allegedly handing cash to two lawmakers from an opposition party to buy their votes in a crucial confidence vote three years ago. the two suspected recipients were also arrested. the scandal is particularly shocking for indians because it involves vote buying in parliament. the government is expected to face caulls for a thorough i

most of that depends on what will happen in china and india. >> birth rates for boys in india and china are the highest in the world. they are the most populous nations by far. the asian continent is home to over half of the people on the planet. if the world today were a village with 100 residents, 60 them would be from the asia- pacific, 15 would be african, a 11 european, nine of them come from south and central america, five from north america. population growth is strongest in developing nations, especially in urban areas. many people moved to the cities in search of work. many started big families to make sure they will be supported once they get -- once they give birth. the mega cities have more than 10 million residents. the global population surpassed 1 billion in 18 05 and industrial development lead to better living standards and medical care. people were living longer and the birthrate is still high high. gradually, birthrates and industrial nations began to drop. if your children meant higher living standards. -- last children meant higher living standards. today, there is

but not everywhere as you know hears from india interviews coming out from. the asean p. downgrade of the united states economy has raised many questions about whether or not america will continue to be a powerhouse in the global economy and now the inner. national monetary fund predicts that china will actually outpaced the united states' economy by twenty sixteen so how is all of this kind of got the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this is oxford educated economist and the youngest me and adverts i had a world bank department he's now the chairman of india's planning commission mr monti thing ahluwalia i want to thank you so much for joining me so first of all i want to ask you is the fact it wave of the global financial crisis upon us i think what will happen is markets would be disrupted slightly moderate growth prospects for the carbon you're in the u.s. and maybe in europe but i don't see this as going back to two thousand and eight and so where do we go from

do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term project suggests that japan boogaloo relatively slowly. europe may grow a little bit faster than japan the us has traditionally been viewed as a very dynamic economy is likely to grow faster than europe but the growth rate in these economies will be much less than the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia and another way of looking at it is really the rising rate of emerging market countries and i think you're thinking of a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been fed that europe has

and china china after nine hundred seventy eight india after one thousand nine hundred one literally hundreds of millions of people lifted from terrible poverty caused by socialism and lifted into middle class prosperity this is the largest poverty reduction experience in all of human history and it's happened in our lifetimes really look like you wanted to jump in there i mean one of the interesting things about today's capital is or maybe to the capitalism of our generation we've always associated capitalism with civil liberties and a strong middle class now what we just heard from tom is that we have rising middle classes in the emerging world but we have in the emerged the industrialized world we have the middle classes that are being polled arise ok so capitalism means something different to different people in different places apparently. well first of all in terms of india having been there frequently that's a nice fantasy to tell people that hundreds of millions of people have been lifted out of poverty something like over eighty percent of the population is in moderate to ex

in india do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grow a little bit foster good in japan the us has traditionally been viewed as a very dynamic economy is likely to grow faster than europe but the growth rate in these economies will be much less than the growth rate in emerging market countries i mean trying to brazil so i think over time there is a shift in economic politicking place one is to show. another way of looking at it is really the rising rate of emerging market countries and i think you're thinking of a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been said that euro

the interest rates in india are strengthened. today you can get -- you can actually invest in the market. and then you add to the fact that maybe some of the interest investors are particularly looking to india, they have other problems. there's a move away from the market. i would say the ipo market is not going to be as well as last year. that's what the numbers seem to indicate. but the equity, the commitment toward the equity culture, a very important part that i want to reemphasize. the commitment towards dwoching of exchange traded financial assets is definitely there to stay. >> it was kind of interesting when ma hugh kannan was talking about culture, he had a conversation about what he wants to see in the future, he talked about moving from an investing culture in india to a trading culture. here is a built of a back story of that interview. there was a moment where -- quite a lot of background noise going on. he stopped and said anybody thinking it was trading at the bombay stock exchange. he said i don't think anything

do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go a relatively slowly europe may grew a little bit foster good and the us has traditionally been viewed as a very dynamic economy it's like do the grew faster than europe. but the growth rate in these economies will be much less than the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia and another way of looking at it is really the rising rate of emerging market countries and i think you are thinking of a world in which there would be a large number of relatively equal economic pings and you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been fed that europe h

now here's from india. the aston p. downgrade of the united states economy has raised many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty sixteen so how is all of this going to affect the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this is mr monti ahluwalia i want to ask you is the second wave of the global financial crisis upon us i think what will happen is markets would be disrupted the slightly moderate growth prospects for the carbon in the u.s. and maybe in europe but i don't see this as going back to two thousand and eight and so where do we go from here who is going to fix what's going on in the world right now the world needs to. get together to work out what's the transition what's a reasonable transition in a world in which there would be more than o

now here is from india. the aston p. downgrade of the united states economy has raised many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty sixteen so how is all of this going to affect the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this is mr monti saying ahluwalia i want to ask you is the second wave of the global financial crisis upon us i think what will happen is markets would be disrupted the slightly moderate growth prospects for the card in the u.s. and maybe in europe but i don't see this as going back to two thousand and eight and so where do we go from here who's going to fix what's going on in the world right now the world needs to. get together to work out what's the transition what's a reasonable transition in a world in which there would be more th

and china china after nine hundred seventy eight india after one thousand nine hundred one literally hundreds of millions of people lifted from terrible poverty caused by socialism and lifted into middle class prosperity this is the largest poverty reduction experience and all of human history that's happened in our lifetimes really look like you want to jump in there i mean one of the interesting things about today's capital is already to the capitalism of our generation we've always associated capitalism with civil liberties and a strong middle class now what we just heard from tom is that here you have rising middle classes in the emerging world and we have emerged the industrialized world we have middle classes that are being polled arise ok so capitalism means something different to different people in different places apparently. well first of all in terms of india having been there frequently that that's a nice fantasy to tell people that hundreds of millions of people have been lifted out of poverty something like over eighty percent of the population is in moderate to extrem

and china china after nine hundred seventy eight india from one thousand nine hundred one literally hundreds of millions of people lifted from terrible poverty caused by socialism and lifted into middle class prosperity this is the largest poverty reduction experience in all of human history and it's happened in our lifetimes really look like you want to jump in there i mean one of the interesting things about today's capital is all made a big capitalism of our generation we've always associated capitalism with civil liberties and a strong middle class now what we just heard from tom is that we have rising middle classes in the emerging world but we have in the emerged the industrialized world we have the middle classes that are being told arise ok so capitalism need something different to different people in different places apparently. well first of all in terms of india having been there frequently that's a nice fantasy to tell people that hundreds of millions of people have been lifted out of poverty something like over eighty percent of the population is in moderate to extreme

well first of all in terms of india having been there frequently that's a nice fantasy to tell people that hundreds of millions of people have been lifted out of poverty something like over eighty percent of the population is in moderate to extreme poverty a few tens of millions of families have have been lifted out but when you're talking about a population of over one billion it's not that significant and what you have also is massive dispossession going on and we cannot and that's important to remember because we cannot separate any particular capitalist economy from the rest of the world so the post war war to us. led boom was in many ways based on super exploitation in the third world remember so it was in the era of all sorts of wars and great instability in the in the post colonial world and a lot of it had to do with ensuring the flow of cheap come oddities copper from chile him from bolivia oil from the middle east from indonesia and supporting all sorts of repressive regimes to ensure that this is just so you can see that we're hearing here what we've we've seen is that the

we begin tonight sent b thi item sent by ddi, india. for the first time in 35 years, th pakistani commerce ministry is visiting india with the aim of boosting trade between the two countries. during the five-daysit, the pakistani official met with his indian counterpart in new delhi on wednesday. they agreed to double trade between two countries to $6 billion from the current $2.7 billion in three years. india has agreed to issue one-year multiple-entry visas to pakistani business people and they will be free to visit any part of the country. pakistan has created that it will consider giving india most favored nation status. india has already granted the status to pakistan. >>> bangkok police say they're going to install 13 high-resolution cameras on city roads to monitor speeding. the move is part of a campaign to insure roadsafety. the cameras are fitted inside life-sized dummies called j ja choiyi which means silent sergeant. the cameras will capture images of cars that violate the speed limit. they will transfer the data to traffic

and china china after nine hundred seventy eight india after one thousand nine hundred one literally hundreds of millions of people lifted from terrible poverty caused by socialism and lifted into middle class prosperity this is the largest poverty reduction experience in all of human history and it's happened in our lifetimes really look like you wanted to jump in there i mean one of the interesting things about today's capital is all maybe to the capitalism of our generation we've always associated capitalism with civil liberties and a strong middle class now what we just heard from tom is that we have rising middle classes in the emerging world but we have in the emerged the industrialized world we have the middle classes that are being polled arise ok so capitalism means something different to different people in different places apparently. well first of all in terms of india having been there frequently that's a nice fantasy to tell people that hundreds of millions of people have been lifted out of poverty something like over eighty percent of the population is in moderate to e

in india do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grow a little bit foster good and the us has traditionally been viewed as a very dynamic economy is likely to grow faster than europe but the growth rate in these economies will be much less than the growth rate in the emerging market countries i mean china brazil so i think over time there is a shift in economic politicking place one is to show. another way of looking at it is really the rising rate of emerging market countries but i think you're thinking of a world in which there would be a large number of relatively equal economic groupings you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been said that europe has do

do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grow a little bit faster going to prom the us has traditionally been viewed as a very dynamic economy is likely to grow faster than europe but the growth rate in these economies will be much less and the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic politicking place one is to asia. and another way of looking at it is really the rising rate of emerging market countries but i think you're thinking of a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it can't be a global system which is run only by saying well look this is the center of pollen everybody else must adjust and it's been said that europe has do

to invest in the markets that are growing so we expect on a medium term basis that india would be it already is and will remain preferred destination for foreign investment people look at their global portfolio traditionally they've invested too much money in the industrialized world not having anticipated what the consequences of globalization are going to be so over time i think they should be rebalancing a little more towards the emerging markets and within that i think india would be a very good bet. it'll certainly be interesting to see how that fact and i want to thank you so much for taking the time to talk to me thank you. writer. from funds to. start on t.v. dot com. t.v. and rebels prepare to attack one of colonel get out his last desert strongholds the town of bani walid that's after efforts to negotiate the surrender of the al sadr leader as remaining supporters break down. russia says. the un must immediately call for all sides of the syrian conflict to stop violence and start talking the police came after mosque in damn the e.u. sanctions which it says threaten to hurt

well first of all in terms of india having been there frequently that's a nice fantasy to tell people that hundreds of millions of people have been lifted out of poverty something like over eighty percent of the population is in moderate to extreme poverty a few tens of millions of families have had been lifted out but when you're talking about a population of over one billion it's not that significant and what you have also is massive dispossession going on and we cannot and that's important to remember because we cannot separate any particular capitalist economy from the rest of the world so the post war war to us. led boom was in many ways based on super exploitation in the third world remember so it was in the era of all sorts of wars and great instability in the post colonial world and a lot of it had to do with ensuring the flow of cheap come oddities copper from chile him from bolivia oil from the middle east box from indonesia and supporting all sorts of repressive regimes to ensure. that we're hearing here what we've we've seen is that the instability has now moved to the cen

he said well still it's the case for lots of poor people in india have always been clear wake up and the question is are they getting richer or poorer that's the relevant question poverty is the natural state of mankind and wealth has to be created it's created by free market capitalism by investment by production and by. exchange so if you want to look at india the question is has it been changing since ninety ninety one for better or for worse and the question is unmistakable for better the same thing in china i visit both countries all right and i did change gears gentlemen literally commission only go back to richard in bangkok ok let's look at the great contraction going back in the night two thousand and eight i mean from way i the way i look at it is that we've seen banks bailed out we've seen corporations bailed out if you go to tarp in the united states i mean it's always the rich people being bailed out is that how capitalism is supposed to work because are these the people only creating jobs for the rest of us. but again i think that the government recognizes that whether

bought their my deed better times ahead for developing economies next we sit down with one of india's leading economists to find out how emerging markets are responding to the challenges of turbulent times. the asson p. downgrade of the united states' economy has raised many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty sixteen so how is all of this going to affect the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this is oxford educated economist and the youngest man adverts i had a world bank department he's now the chairman of india's planning commission mr monti exciting ahluwalia i want to thank you so much for joining me so first of all i want to ask you is the second wave of the global financial crisis upon us i think what will happen is markets would be disrupted. moderate group prospects for the card in the us and euro

in india do you think that perhaps there could be a shift in the world order and. india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grew a little bit faster good the us has traditionally been viewed as a very dynamic economy is likely the grew faster in europe but the group through it in these economies would be much less the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia. and not another way of looking at it is really the rising rate of emerging market. country but i think you're thinking of a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and if they sai

spoke about groups coming from outside of india the standard phrase used in india is state sponsored terrorism meaning and the establishment did but groups like the indian mujahideen have a domestic. so that is cause for concern the prime minister's statement from just now prime minister manmohan singh i think is indicating that this is a long haul and we have to ensure that we deal with that appropriate people obviously will continue to monitor the situation and sort of see when the investigations wrap up who actually is held responsible for all of this mr bosco i want to thank you so much for your time thank you. all right artie's. joining us from new delhi with the latest there we'll be keeping you up to date on the new delhi blast all this and more stay with us here on r t and plenty more on r t dot com as well you've got expert opinion reports from the scene and a look back at other terror attacks in india's recent history also pictures available to download in our free video section so caught on r t dot com for more on this attack. the security chief of ousted libyan leader col

>>reporter: yet in india the trains are neglected and the system is creaking. >>construction started in the mid-1800s and rail was nationalized in the 1950s. >>this points control equipment was installed in 1932 and has seen better days. >>agnihotri: it faces the problem of funding. they only have to make a road and the trucks and everything else isbrought by somebody else. in railways you not only make railway lines you have to provide for locomotives, coaches, wagons, everything. so it is actually what i should say a very intensive utilisation of capital. >>reporter: the focus for the government in recent years has been on expanding the roads. it has embarked on a programme to build 15,000 kilometres of new roads at an estimated cost of 30 billion dollars. cheaperthan improving the rail freight network, but perhaps only in the short term. >>mehrotra: over a long-distance transportation, roads can never match the cost benefits which the rail transportation gives. rail transportation will be at least 3 times cheaper than road transportation. >>reporter: there a

piling on this news block millions of children across india give up school at hope of a better future to help support families by working in the cotton fields while they earn a few dollars rights activists say they lose a lot more and they warn that little is being done to protect the children from being physically emotionally or even sexually abused or teens preassure to reports . from across the street sixteen year old navin plus side can hear the chatter of children a few years younger than him going to school but his school going days are long gone for saddam is taking to work on cotton plantations with the dream of making money for his family going to the farm workers from four am to six pm every day twenty six of us children work i came home as i wasn't paid for the work i did was for nothing. he was promised the equivalent of around two dollars per day but left the plantation that summer with nothing archie obtain this hidden camera video from social workers who say that these children are regularly sleep deprived hungry overworked and oftentimes physically verbally and sexuall

do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grew a little bit foster good and the us has traditionally been viewed as a very dynamic economy is like do the grew faster than europe but the group through it in these economies would be much less the group through. in emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia and another way of looking at it is really the rising rate of emerging market countries and i think you are thinking of a world in which there would be a large number of relatively equal economic pain and you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been said that europe ha

do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan mugu relatively slowly europe may grew a little bit foster good the us has traditionally been viewed as a very dynamic economy is like do the gruffalo in europe. but the growth rate in these economies will be much less than the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia and another way of looking at it is really the rising rate of emerging market countries and i think you are thinking of a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been said that europe has dominate

in india do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grow a little bit foster good and the us has traditionally been viewed as a very dynamic economy is likely to grow faster than europe but the growth rate in these economies would be much less than the growth rate in emerging market countries i mean trying to brazil so i think over time there is a shift in economic politicking place one is to show. another way of looking at it is really the rising rate of emerging market countries and i think you're thinking of a world in which there would be a large number of relatively equal economic groupings you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of pollen everybody else must adjust and it's been said that europe has domi

hindustan times said that the area belonged to india's ally, vietnam. and on the same day of china's warning, the external affairs minister of india left for hanoi to attend the 14th india-vietnam joint commission meeting... which analysts said was geared towards strengthening bilateral ties to counter the glowing clout of china in the region. another stakeholder in the territorial dispute is the philippines, and president benigno aquino is calling for a regional settlement. english "so there are a lot of claimants to the disputed areas, so for it to be binding, it has to be a multilateral basis." the washington post says the south china sea dispute is driven by china's insatiable thirst for energy... needed for the country's further growth. although estimates vary widely, a low-ball figure by the us geological survey projects that the sea could contain nearly twice china's known reserves of oil and plenty of gas. beijing says its own geologists have found 38 oil and gas fields under the sea and would start exploiting them this year. china consumed 10-p