Saturday, 25 May, 2019
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ADB cuts India’s growth outlook for 2019 as global risks mount

India’s GDP will probably rise 7.2% this year, down from December forecast of 7.6%, according to ADB’s latest Asian Development Outlook report.
World Bank headquaters in Washington | Commons

There’s good reason to give up on the World Bank

The World Bank has simply not been effective enough at what is supposed to be its core task
Pakistan finance minister Asad Umar

Didn’t cut Kulbhushan Jadhav’s mention from Pak finance minister’s interview, says BBC

Here’s what’s happening across the border: US to ensure Pak doesn't use IMF bailout to repay Chinese debt, and Voice of America’s Urdu and Pashto websites blocked in Pakistan.

Look to India for returns, not China’s Belt-and-Road, funds say

As the Chinese initiative is primarily for Beijing to exert its influence over the region, investors are not seeing much possibility of financial returns. 
RBI press conference

RBI likely to keep policy rates unchanged through 2018, says Asian Development Bank

The ADB report also sees economy recovering to grow at 7.3 per cent in 2018 and 7.6 per cent in 2019, aided by various growth-oriented policy measures.

On Camera

Congress headquarters

One in three people at Congress rallies may not have voted for the party: Lokniti-CSDS

Survey data from BJP and Congress rallies during 2019 election suggest that huge crowds are deceiving and don’t translate into votes in favour.
elections

Does Congress have a future in India after 2019 Lok Sabha election results?

The Congress party faced a crushing defeat in the 2019 Lok Sabha elections at the hands of Narendra Modi-led BJP.

Defence

An AN-32 aircraft of the Indian Air Force

IAF workhorse AN-32 gets a fuel that’s green and creates jobs for tribals

The IAF will now run its AN-32 transport aircraft on a blended bio-fuel partly derived from trees. It plans to widen the experiment over the next two years.
Graphic by Soham Sen | ThePrint

The Mandal-Mandir era is over, make way for Modi

BJP's Mandir politics has subsumed Mandal under Modi-Shah and created a pan-Hindu vote. Modi's challenger has to invent a new politics.