25 May 2017
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  • > South East Asia
  • > South West Asia
  • > Sud America
  • > East Asia


  • » 06/19/2012, 00.00

    ASIA - EU - MEXICO

    G20: India promises billion to save Europe



    The Brics (Brazil, Russia, India, China and South Africa) have announced contributions totaling billion, to participate in the establishment of the 0 billion "firewall" wanted by the International Monetary Fund (IMF). New Delhi hopes to contain the fallout from the European crisis on its economy, while 360 ​​million Indians (out of 1.2 billion people) still live on a day.

    Los Cabos (AsiaNews/Agencies) - India has pledged billion to the International Monetary Fund (IMF) to help eurozone countries overcome the current crisis, and try to prevent possible effects on emerging economies (the Brics: Brazil, Russia, India, China, South Africa). This was announced today by the Prime Minister Manmohan Singh at the G20 in Mexico, in progress during these days. The Indian contribution to the sum of the other Brics, who together would participate with a total of billion to the 0 billion "firewall" that the IMF would create to counter new financial crises. For now, Russia has pledged billion, while China has pledged billion.

    With this contribution, the Brics are hoping to avoid any negative impact on their economies, already tested in the last period. This year India has recorded the lowest growth rate in the last 10 years, closing the 2011-2012 year at 6%, compared with 8.4% in 2010-2011. Recently, the Prime Minister announced investments of million for new infrastructure (including highways, ports and airports), hoping to revive the country's economy and regain support among the population.

    However, the reforms in question relate largely to the sector of industries and large enterprises - 14% of the workforce - the protagonists in the last 15 years of liberalization promoted by the Indian government. Liberalization which, on the contrary, limit the productivity of self-employed workers (craftsmen, small entrepreneurs) and farmers, increasingly relegated to the margins. These sectors together account for over 90% of the workforce in India.

    Meanwhile, while the Indian government promises economic aid to rescue the euro, according to a survey by the Planning Commission, from 2004/2005 to 2009/2010, the level of poverty in India declined from 37.2% to 29.8%. This means that in the country, about 360 million people still live below the poverty line (about per day), of a total population of 1.2 billion. During the period under review, rural poverty has declined more rapidly than urban poverty.

     

     

     

    e-mail this to a friend Printable version










    See also

    14/04/2011 CHINA – INDIA – BRICS
    BRICS challenging Western economic and political governance over the world
    They want a reshuffle in leadership positions at the World Bank and International Monetary Fund, as well as a broad reform of the United Nations to reduce volatility in trade. The five BRICS nations want to assert their new international role against the traditional place occupied by Europe and the United States.

    10/07/2007 TURKMENISTAN
    Personality cult persists despite change in president
    Many analysts have noted that President Berdymukhamedov introduced minimal reforms but heaped honours upon himself. He has reinstated pensions but the people remain hungry. While his foreign policy and energy decisions are eagerly awaited abroad, giant-sized photos of his are being pasted in cities at home.

    25/03/2013 CHINA - BRICS
    Emerging countries thinking about a joint bank against West
    BRICS members, Brazil, Russia, India, China and South Africa, are set to meet in Durban to discuss the creation of a new institution that could challenge the dominance of the (US-led) World Bank and the (European-led) International Monetary Fund. Experts warn it still too soon, and that "these countries must show that they can overcome the crisis".

    22/02/2005 RUSSIA
    Will Gray whales stop drilling for oil and gas ?
    Russia, India, Japan, China and Europe are competing for Sakhalin's oil and gas, even using the environment as a card up their sleeves.

    17/11/2009 INDIA
    Orissa: European delegation meets victims of anti-Christian pogrom
    Representatives from Denmark, Sweden, Norway, Iceland and Finland visit the region more than a year after it was shaken by violence. Authorities in New Delhi deny the diplomats permission to visit Kandhamal district. They meet ten survivors at the Bishop’s House in Bhubaneswar-Cuttack diocese. Bishop Cheenath said they expressed “concern” but “did not make any promises”.



    Editor's choices

    VATICAN
    Pope: together with the faithful in China on 24 May to celebrate Our Lady of Sheshan



    During the Regina Caeli, Pope Francis speaks about the World Day of Prayer for the Church in China, instituted by Benedict XVI. Chinese Catholics must make a “personal contribution to communion among believers and to harmony in the whole society." AsiaNews Symposium on the Church in China is set for this week. Francis appeals for peace in the Central African Republic, and for loving “one another following the example of the Lord”. For him, “Sometimes conflicts, pride, envy, and divisions leave a blotch on the beautiful face of the Church.” Five new cardinals will be named, including a bishop from Laos.


    VATICAN-CHINA
    May 24, 2017: 'China, the Cross is Red', AsiaNews Symposium

    Bernardo Cervellera

    The event will be held to mark the World Day of Prayer for the Church in China. A title with many meanings: the Cross is red from the blood of the martyrs; From attempts to suffocate the faith with state control; Bceause of the contribution of hope that Christianity gives to a population tired of materialism and consumerism that is seeking new moral criteria. The theme is also about the great and unexpected religious rebirth in the country. Guests to include: Card. Pietro Parolin, Msgr. Savio Hon, the sociologist of religions Richard Madsen, the testimonies of Chinese priests and laity.


    AsiaNews IS ALSO A MONTHLY!

    AsiaNews monthly magazine (in Italian) is free.
     

    SUBSCRIBE NOW

    News feed

    Canale RSScanale RSS 

    Add to Google









     

    IRAN 2016 Banner

    2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®