For the first time since 1947, Pakistan, on May 11, succeeded in transitioning from one elected government to another. Gateway House interviews Arun Nanda, Director, Mahindra Group, on the prospects of India-Pakistan trade in the new political environment.
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Following the 2008 mortgage crash, the U.S. Federal Reserve Board implemented a quantitative easing policy – to stabilise the banks, and rejuvenate the economic environment. Although this strategy has brought some respite, it has done so without creating many new jobs for Americans.
Courtesy: Press Information Bureau
The government, knowing well what the markets wanted, ensured that there were no surprises for the 2013-14 budget by forecasting a fiscal deficit of 4.8%. A closer look at the math, however, reveals a different story.
Courtesy: Cyfraw/WikimediaCommons
Despite heavy opposition from several factions, Egyptian President Mohamed Morsi’s propositions for altering the constitution have been approved. Although the alterations have democratic elements, the liberals and secularists bear responsibility in taking forward Egypt’s journey to complete democracy.
