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A sharp increase in capital expenditure for infrastructure projects of 35% in the Indian Budget for 2021-22 over the prior year. The fiscal deficit will be at 6.8% in the coming year.

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British prime minister Boris Johnson is looking at options to increase investment by Britain in domestic telecom companies so that they can  compete in the 5G technology market. The idea is to create a new international alliance of partners including South Korea, the U.S., India. This is part of a wider effort to regain leadership in this area for an alliance of western companies partnering with some Asian countries. It is also intended to reduce reliance on Huawei.

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Reducing risk buffers to 5.5%-6.5% for India's central bank as recommended by former governor Bimal Jain helps to transfer $21 billion to the government as it copes with a bad loan crisis at banks and drop in credit and lending. This has hurt the economy reducing growth in early 2019. The RBI transfer will help stimulus and recapitalizing of banks as the Modi government copes with the economic deceleration to 5% growth in the last quarter.

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The Indian Civil Services exam is extremely competitive. Students who were at the top of the passing list describe the setbacks they faced and had to overcome. Many of the top candidates had to take the exam three or four times. Candidates say consistent hard work, discipline and patience is needed to do well.

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The lower oil prices in 2015 helps lower the current account deficit, which reached 7.9% in 2013, to 5% projected for 2015. Inflation is projected at 6.8%. GDP growth of 3.5% is expected for 2015. Turkey imports oil amounting to about 6% of GDP making for a large impact. Weakness is in the area of manufacturing, as Turkey's high tech exports are only 2% of manufactured exports, according to the Economist. About 1% of Turkish students have advanced computer skills. With problems in Brazil and Russia, money flowing into emerging markets is giving Turkey a second look after the emerging markets crisis in early 2014, when the lira slumped and interest rates had to be increased. The economy is recovering in 2015 from that situation. Two major beneficiaries of lower oil prices in emerging markets are India and Turkey in 2015, as both economies struggled with a large oil import bill.

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A Japanese scientist at Princeton University has done work since the 1960's to show that increased level of carbon dioxide lead to increased temperatures on the surface of the earth. Syukuro Manabe at Princeton was honored for this work with the Nobel Prize in Physics. Also honored is a German scientist Hasselmann who showed the connection between weather and climate with his own model. His research shows methods for attributing various impacts on climate of human activity and natural phenomena. Also honored is Italian scientist Parisi for his work on complex systems uncovering patterns in disordered complex materials.

Today's understanding of how the use of coal and other fossil fuels at the scale done in China, Europe, US and India is affecting the climate comes from the work of these three scientists.

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The difficulties posed by the absence of Xi Jinping at New Delhi G20 Summit are discussed here in the WSJ. Today September 9 the G20 leaders from 20 nations meet, absent will be Mexico's Obrador, China's Xi, and Russia's Putin. China's premier will attend the meeting. China's Xi met with India's Modi at the BRICS meeting in Johannesburg, last month. China's premier is a close associate of Xi's and his chief of staff for decades, so that any suggestion that Xi is reducing contact with other world leaders in 2023 is incorrect. Xi will meet Biden at the APEC meeting US is hosting San Francisco Nov. 12-18 that will focus on Asia Pacific nations.

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Addressing the UN General Assembly in a virtual setting Mr. Trump tells delegates that China should be held accountable for certain actions in letting the coronavirus pandemic spread. He included the denial by China of human to human transmission very early before Feb-March, and its allowing Chinese flights to go overseas when it had completely banned flights domestically. He said flights were allowed to leave China after the virus spread from Wuhan even after Mr. Trump banned flights from China to the U.S. This spread the virus from China to Europe and to America.  Mr. Trump says the WHO is controlled by China. And this happened after foundations such as the Bill and Melinda Gates foundation and other foundations partly replaced the strong role played by the U.S. government at the world health agency during the post war period maintaining strong U.S. and European oversight in the earlier period. The lack of cooperation by China to let American experts into Wuhan immediately in January played a role in delaying the U.S. getting a first hand look at the coronavirus at the epicentre. Instead a 2-3 week delay left the U.S. Europe and India unprepared for the speed and havoc caused.  The only way to tackle the coronavirus was with speed and that speedy response was doubly needed because Europe and the U.S. had no recent experience with epidemics. Even India and rest of Asia, Latin America, Africa have no experience with this type of transmission and spread making time absolutely critical.  This speed was affected because China and the WHO acted as stumbling blocks in this view of what happened. The result was that in past pandemics were fought together, this pandemic was fought on a country by country basis, a bad precedent. ...

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States in America's Deep South have a much lower rate of people having taken one shot of vaccination, in the 30-40% range by May 2021. This report says states such as Alabama, Arkansas, Georgia, and others in the South are at risk of seeing a new wave of the coronavirus  because people will spend more time in airconditioned spaces in the summer. In contrast to the north with cold winters and indoor heated spaces people in the southern states can spend more time outdoors because of the warmer weather in winter. This may have protected southerners during the winter and spring months. This may reverse with more time spent in airconditioned indoor spaces in close proximity where the coronavirus infections can increase. This report comes as new reports show the Indian coronavirus variant becoming more prevalent in the UK and other countries. This variant spreads about 50% more rapidly than an earlier UK variant, say experts. Another analysis in The Times of London shows that the imperceptible rise phase of the new coronavirus variants is the most dangerous part of the coronavirus as it dulls the sense of danger in the population that makes it take notice and prepare countermeasures early enough. India is an example of how this can happen as the sudden rise actually started with a first imperceptible increase in March and early April 2021 that changed into a rapid escalation of the virus in the population by May 2021. The vaccinations give a strong sense of confidence, however the vaccination rates vary widely state by state in the US. ...

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The work of key Ministries in India is tracked by the Hindusthan Times in March 2018 showing the progress of the Modi government. At the Defense Ministry  a major effort is underway to promote the defense sector to reduce the defense imports of $100 billion over the last decade, and to make this a major jobs generating sector. The Foreign Ministry is pursuing the China-India dialogue, and efforts to tackle the trade deficit with China of $51 billion. The Ministry of Education is working on giving universities autonomy from the Universities Grant Commission so that first tier universities can plan their own development, hire faculty and plan for the future without UGC approval. Jawaharlal Nehru University and the University of Hyderabad, first tier institutions have autonomy from UGC under this effort. 

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In this analysis of Keir Starmer's speech at the Labour conference inLiverpool in October 2023 The Guardian looks at the scale of the task ahead. Starmer faces the task of the 1997 style decline of public services, the need to channel the Harold Wilson mission to modernize the economy in a time of change, and the Clement Atlee 1945 imperative to build a new Britain "out of the trauma of collective sacrifice." Starmer told delegates- "In 2024 it will have to be all three." Such is the task facing Britain and Starmer in 2024. Something similar is taking place in the US with Biden and Modi in India in 2024, in three of the largest democracies in the world, and two of the oldest.

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Tim Cook is interviewed by Jenna McGregor of The Washington Post. He describes the problems he faces running Apple. He had expected Jobs to stay on as  chairman to continue leading the company even after the illness. Cook thought Jobs would "bounce" back. The death of Jobs was a big blow for Cook. Cook describes taking advice from Jobs's wife Lucerne at key moments. For tax issues before Congress he talked to Blankfein of Goldman Sachs, on political issues with Bill Clinton, and on personal issues with Anderson Cooper of CNN. The books he is reading include Mohandas Gandhi's "The Story of My Experiments with Truth," that he found at the Gandhi Ashram in Gujarat, India, on a recent visit. 

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The reasons for pessimism are the effect of the global credit decline which makes it harder for Indian business to get access to credit, and the impact of shrinking export markets overseas. The lower inflation and less need for oil subsidies with the fall in the oil price are positive factors. The biggest positive factors though are the fact that exports amount to a much smaller amount of GDP, about 22%, smaller than other Asian exporting countries, as the export markets shrink. The resilience of its democracy and the energy and dynamism of its young people, added to the demographics that show about half the population is below the age of 25, and 40% under the age of 18, so there will be more wage earners and savings to support growth for decades to come. What experts including at the Economist see as the major advantage is the high savings rate which has risen from 28% in 2003-2004 to 35.5% in 2007 according to the Economist statistics. With this the investment rate in India has grown from 25% in the 1990's to 35% in the last five years since 2003 with Indian manufacturing growing at arate of 12% in 2007. And the Indian investment rate has been covered mostly by domestic savings. The two areas that hobble growth are the education levels and the state of the infrastructure which are challenges for organizations inside and outside the government and for business and will remain so for many years. With the global financial crisis the Indian growth rate is expected to fall to somehwere in the range of 5-6% for 2009 by experts. ...

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Sundar Pichai is known for managing the development of the Chrome operating system. He later assumed responsibilities for the Android mobile operating system. He is a graduate of the Indian Institute of Technology at Kharagpur, India, has a masters degree from Stanford University and a MBA from the Wharton School. He joined Google in 2004. He has a low key style and prefers to smooth over differences, and build good relationships to move important projects forward. Google Founder Larry Page says Pichai has a great ability to see what's ahead and get teams mobilized around the big stuff for Google. He has assumed responsibilities for most Google areas in Oct. 2014, leading to the CEO position in a planned transition.

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In commenting on Rishi Sunak, a former hedge fund manager's sudden rise from anonymity three years ago when Boris Johnson became prime minister to leadership of the Tory party and prime minister, The Hindu cautions that it is of limited symbolic value, this kind of connection between India and the UK. The Tories are a house divided against itself, with many factions. Truss was brought down by Gove and others on the backbench who were not included in the government. Other Conservatives on the backbenches today, and Johnson, Jacob Rees Mogg, represent factions that are not represented in this government as was evident in questioning by Opposition leader Starmer in QA in the House of Commons. Other problems remain also evident in Starmer's questioning for Labour in parliament, including questioning about non domicile status in the family for tax purposes. Privileged Tories with connections to free markets such as Jacob Rees Mogg or Sunak without an awareness of the pain of ordinary working families, are not what a country with a cost of living crisis sees as leaders who can point to the way forward for Britain. As The Hindu points out he faces the same difficulty that Johnson with his style and personality was able to sidestep, that Truss naively tackled with quick unraveling of tax cuts for the upper incomes, and which Sunak with his experience with financial hedge funds may appear to have grasped but find escaping his grasp. This is the difficulty of matching traditional Tory policy of tax cuts and austerity, at a time when all major countries of Europe and the US are providing significant cost of living assistance to working families. Even small bits of austerity policy, or lack of conviction to help working families may now be seen by the Opposition, Labour, and even within some part of the Tory party and the vast majority of working families as oppressive.  Starmer is keen to remind working people of where Sunak stands as he did with the question in parliament Q&A about the comments made by Sunak at a small gathering that he had transferred money from poor districts to more affluent Tory districts. Would Sunak correct these erroneous funding formulas, Starmer asked. The Hindu also mentions Suella Braverman's appointment as Home Secretary only weeks after her resignation. It was poor judgement shown by Johnson in an appointment that cost him Tory support a few weeks before his resignation. Starmer brought this up from the beginning of parliament Q&A- asking whether a deal was made for her appointment to get far right wing Tory support from Braverman's faction in the party. For India and the Indian people there are so many genuine connections with Britain and the British people, some set when Mohandas Gandhi won the hearts of English working families during his visit for negotiations with the British that are are a better basis  and that will be remembered forever in the hearts and minds of the British people. ...

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Supreme Court Justice could simply have retired and let then president Obama appoint her successor. She decided to stay into her eighties. As a result president Trump will choose a conservative as her successor and has the votes lined up in the Senate. In Britain the retirement age was changed from lifetime to 75 by an Act in 1959. In India the Constitution set the retirement age for the Supreme Court at 65. Only in the U.S. is this practice maintained.

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The remarkable story of coronavirus vaccine given at 14,000 feet in the Himalayas of Arunachal Pradesh in India. A team trekked for 9 hours to reach a village in Tawang district so that 16 yak grazers could be given the vaccine. These grazers were away from home grazing their yaks and had missed an earlier vaccination camp. The village is aerially 30 miles from the Tibet border. The trek took them through dense forests, swampy stretches, and the Luguthang river, crossing two mountain peaks.

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It is early July 2020 and U.S. coronavirus cases on July 10 are up to 63,000 with a surge in Texas, Arizona, Florida and California. New evidence suggests that about half of coronavirus cases may come from transmission by individuals who yet have no symptoms and don't know they have the virus. India is the other hotspot with close to 800,000 cases, 26,000 cases on July 10 and deaths at 21,000. Russia is the other hotspot with over 700,000 cases, 11,000 deaths.

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Biden picks as his running mate a former prosecutor, Attorney General and Senator from California, Kamala Harris. Her parents one a Jamaican father and the mother from Madras, now called Chennai in India, met as graduate students at Berkeley campus. In the period before his illness, as Attorney General Mr. Biden's oldest son Beau Biden and Kamala Harris had worked closely together and formed a bond that continued during the period Beau Biden suffered from brain cancer.

 

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Did Kirsten Tatlow points out the different perceptions of China's anti-corruption initiative in a country with deeply rooted corruption. China's ranking dropped to 104th of 175 countries ranked for corruption in Transparency International's Corruption Index for 2014. The current campaign under Xi Jinping is lacking because it is partial, opaque and politically driven say researchers at Transparency International. For it to be effective it has to be done in a transparent manner, and with stronger laws for bribery, whistleblower protection, asset declarations, according to the researchers. China dropped 20 places since 2013. China's score declined by 4 points to 36. Denmark is highest at 92. Turkey dropped by 5 points. Norway, Finland, Sweden and New Zealand, are at the top of the list. Transparency International points out that free speech, accountable government an independent judiciary are essential to tackle corruption. These are not sufficient however as the example of India shows. A culture of corruption or lack of transparency and effective laws can enable corruption to grow even in countries with genuine democratic process. Democratic process does provides remedies through a change in administration as happened in India with the decisive defeat of the corruption scandal affected Congress government....

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The Indian Express looks at the impact on children for learning and education of the coronavirus pandemic. More children in areas that have lagged behind economically are unable to read in second grade. In some states the number of children who are not able to read second grade text has more than doubled. This can be seen across other grades.

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Britain offers 90 million pounds a year for 99 years for the Chagos Islands to Mauritius. This in intended to help Mauritius with its budget deficit. Under colonial administrators the Chagos Islands were placed under Mauritius administration. It is also the place for the US base at Diego Garcia, an important naval base in the Indian Ocean.