» 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
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.
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.
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".
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.
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”.
Card. Tong’s article on China-Holy See dialogue, arouses joy and dismay
The Hong Kong bishop’s optimism over a change in the method of appointing bishops and the function of the Patriotic Association. But it is unclear whether it is real change or just nominal, in words. Underground bishops are patriotic and love their country, but the Party is suspicious of them. Freedom in episcopal appointments is “essential", but the bishops are not free to exercise their ministry. Patriotic bishops controlled in their visits with members of the universal Church. The "bugs" (hidden microphones) in a bishop’s office.
Card. Tong: The future of Sino-Vatican dialogue from an ecclesiological point of view
Card. John Tong
The Hong Kong Cardinal outlines the steps that hope to propel dialogue between China and the Holy See. Themes include the Pope's role in the appointment of bishops; A change of vision in the Patriotic Association; the possible integration of the underground bishops in the Episcopal Conference. A new article by card. John Tong, following a previous article published a few months ago on "Communion of the Church in China with the universal Church."
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