india. and those days when i started out to write, there was very little interest in india about what is happening in the global economy. and i decided back then about writing a column exactly based on that. i was young when i started out. but precisely because nobody was interested in talking about the global economy, i managed to squeeze my sort of column in large part due to negligence. because he was the editor back at the economic times. so that's i started out writing then. and finally, after nearly two decades of writing, i said i have to write my own book. that's what the effort lead to. i spent much last year of putting together my parts about verging markets and tried to write something in the form of an economic travel log which is impressionist views off each emerging market. obviously, on some economic observation as i've gone around the countries. what caused me to write the book is partly a big idea that want to write a book. you need a big idea behind it. and the big idea tha

india to stop buying oil. and. god creating with iran. india has. india has been exempted. so good relations of course that you have the american wants to continue to ally closely with india as part of its a strategy the bigger picture in its attempts to contain china's influence in the region a question for you is india ready to confront beijing if that's the case what are the dangers of irritating china as far as india is concerned. if you talk to indian offered through this. india and china in order. they can quit says the neighbors but the fact of the matter is that india and the us are cooperating closely and india and the us i mean the most number of military exercises. recently in japan had military exercises and the pentagon early in the stated that. india has to play an important part to contain china in the south china sea in the asia and the. obama administration policy of. two worlds the asia pacific i think they're assigned an important goal with india. but obviously in the us is that they are not going to align with america and. india is clearly send a message

new delhi india. or the time of the hour to head over to see marina hello again to you i do understand that the russian markets of closed but the end of the session on a negative note that's right rory first of all there were tracking losses overseas most of the markets now are in the red so it's hardly surprising also where we go crude prices but i'll get to that in a second first i want to talk about more drama in the russo british c.n. k b p this time it's boiling points b.p. is saying that it will hold on to its share in the firm and in fact the recently resigned c. b p says he warned that one of the two partners needed to take full control of the firm otherwise the joint venture would be paralyzed this man is michelle friedman of course and at the same time the financial times says b.p. has received a buy offer from one of. the russian state companies here in moscow following rumors that had a. past seven his company was not buying this they can see on t.v. and that such a decision requires a dee

new delhi india. as soon katie will join us with the business for now though straight to afghanistan to kick off the r.t. while the blast has been heard in the eastern afghan city of cost with reports of smoke rising near a nato base that the taliban claims its fighters rammed a vehicle packed with explosives into the base a police source says a gun battle is now taking place in that area of violence has spread all across the country since the taliban began its spring offensive in april to target foreign troops and government forces. to somalia where african union government forces have captured the city of dow a strategic military base in the south of the country the al shabaab group a band of the town without a fight as troops approached despite facing pressure on a number of military fronts the al qaeda group still controls much of the country and the dow has been a key target for kenyan troops who make up the african union contingent in the south of the country since they entered at somalia last o

india has taken a stance despite washington's ongoing pressure to stop buying oil from iran india is forging ahead india is severely deficient its imports. growing but even up to ninety per cent of it over guam and you don't become sort of the truck to souls. according elected to sources and many say the same simply won't work without india since its iran is biggest oil customer and so the united states finds itself in the position of courting india's cooperation for its plan to be successful hillary clinton recently visited india during her asia tour trying to sell the american strategy to isolate iran but leaders here in india won't budge while they have reduced imports on iranian oil slightly they say they won't ever stop completely their reasoning extends beyond just india's energy needs with one of the fastest growing economies in the world iran is an important partner for india to continue to grow in the future india is in talks with fourteen other countries to use iranian highways railroads and ports to connect it to parts of central asia and europe and half the time it curren

india strategic dialogue.nister krishna, a warm welcome to you and your distinguished delegation. it is a pleasure to repay the hospitality you have shown me so often, most recently this past month in delhi, and to have those opportunities to bring together some the many experts and officials from our two countries. the strategic fundamentals of our relationship, shared democratic values, economic imperatives, and diplomatic priorities, are moving us closer to an understanding and to a trust that reflects the convergence of values and interests. to grow and prosper, we both need open, free, fair, and transparent global economic systems. we both seek security and stability in south asia, and the asia pacific. and we understand the critical importance of a coordinated international response to violent extremism and other shelled global challenges. as a result, under president obama's and prime minister signh's leadership, we are forging a new and more mature phase in our critical bilateral relationship. there is

india is only doing 39%. [inaudible] one peculiar thing that's happened in india is there's been a certain collapse of female participation in the world. the question is why has this happened almost certainly it's our classified. all the working class people do for. [inaudible] so as indy has risen, party for education, girls much more in education, and now -- [inaudible] fortunately the demographic show that as women get more educated, then they reenter the workforce. so i mean, idc very major benefit coming to india in the form of demography. that is a plus point but the other thing that ruchir does talk on, if you've been doing very, very badly your ability to grow faster and catch up sometime is quite bad. india is not only a poor country, and having -- your chance of catching are very high. [inaudible] even within india, we have a large number of backward states which used to be will be blow a nationally. they were very large states. they have 209 peoples. had been one of the largest countries in the wor

to bully its enemy preassure either r t new delhi india. well now the couple of other top stories from around the world the south nigeria has been hit by a wave of sectarian violence as explosions and gunfire the country's north nineteen people were killed after gunmen attacked police offices and you can the scene of the heaviest fighting radical islamists that boko haram is thought to have been behind the strikes becomes a week after three died and dozens were injured in a suicide car bomb attack near a church in the area. and moody's has downgraded the credit rating of six german banks saying the place risks using crisis deepens the country's second largest lender commerce bank on its name. for three of australia's largest financial groups it comes a day off the standard imposed predicted that one in three chance of greece leaving the eurozone after the country's general election later this month. well time for business news now crossing with marina hikari well it seems that it has had no effect on european investors whatsoever if we take

new delhi india. it is good to have you with us here on our team today still to come for you where we report on a volunteer community that helps to find missing children all across russia is a preview. child missing. police in effect. lost. every single meter of the forest here's the girl. it was too late. the spirit lives saved by these voluntary scouting force is the. one life. and you can watch that special report in just over an hour's time here on r.t. for now though let's cross over to marina standing by at our business desk good to see you today. n.k.p. pay what's happened this time yes us through our we've seen the conflict between the corners of think everybody for many years now but this time there will a since it has reached a boiling point basically p.p. is now pursuing its half in the russo british oil from the recently resigned c.e.o. . has warned that warn all of the two partners needed to take full control of the firm otherwise the joint venture would be paralyzed meanwhile the financi

new delhi india. had over to marina now she's standing by patiently business that's good to see you again although i understand we're not meeting out of the best of circumstances you have bad news. are you surprised really come on are you surprised or i don't think so because it seems that in the recent months we all know you have bad news and there's some that have to do with a you was basically for the month of may the unemployment rate went up and also the u.s. economy jager at the fewest amount of jobs in a year but first let's talk about b.p. the volatile relationship between the co-owners there seems to have reached a boiling point b.p. is now pursuing its have in the room so british oil firms and the recently resigned c.e.o. of b.p. which is three men who are the one of the two partners needed to take full control of the firm otherwise the joint venture would be paralyzed meanwhile the financial times says b.p. has received a buy offer from one of the russian state companies and analysts estima

-india strategic dialogue. this is 40 minutes. >> we have had an excellent meeting of the strategic dialogue between our two nations, covering a wide range of bilateral regional and global issues. and i will just touch on a few to highlight. first, i want to put the third strategic dialogue into a broader context. india and the united states have a strong foundation of friendship and cooperation. that today we are seeing something new. the strategic fundamentals of our relationship are pushing our two countries interests into closer convergence. by strategic fundamentals, i mean not just our shared democratic values, but also our economic imperative and a diplomatic and security priorities. for example, in order to grow and prosper in today's world, both united states and india need an open, free, fair and transparent global economic system. we both seek security and stability in south asia and the asia-pacific. and we both see the importance of a coordinated international response to violent extremism and othe

let's look at a video coming up from india. now, india has been oppressed by an extreme heat wave the past several months. in the northwestern state of rath stan, temperatures into the 40s nearly every day. you can see that guy really trying to take those clothes off, but to cool off, people have been seeking refugee at local juice bars and ice cream shops. also many lakes have been seeing drying rapidly at about ten centimeters a day. we can pull back, i can show you that things are going to get better with the southwest monsoonal flow kicking in and bringing moisture. that's all going to be moving towards the southern half of india, which is really great news. you see it reflecting here in the temperatures, cooling down here but still reaching 44 degrees so extremely hot just yet. all right, moving over to the americas now, the pacific northwest will be targeted with the pacific storm. you can see these isobars near each other. that's very gusty conditions. and we may see some snow accumulation in the higher elevations. espec

to bully its enemy preassure either r t new delhi india. now a look at some other top stories from around the world this hour two suicide bombers have blown themselves up in afghanistan's southern city of kandahar killing at least twenty two people and wounding fifty others the blast occurred in the market area several kilometers from nato an airbase authorities say the bombers used a motorbike and explosives police believe the victims were civilians who provided supplies to the military base the taliban has claimed responsibility for the attack . panic over the euro crisis is now even breached germany's defenses rating agency moody's downgrading seven of its major banks london commerzbank country's second largest banking institutions the justification was that even europe's premier economy may not withstand potential financial shocks if matters in the eurozone deteriorate further also hits were three of austria's largest financial groups this just a day after another agency standard and poor's said there was a one in three chance of greece

to bully its enemy preassure either r t new delhi india. now a look at a couple of other top stories from around the world this hour nigeria has been hit by a wave of sectarian violence as explosions and gunfire broke the country's north nineteen people were killed after gunmen attacked police officers in. the heaviest fighting with radical islamists. want to go on the strike comes a week after three died and dozens were injured in the suicide car bomb attack in the area. moody's has downgraded the credit rating of german banks a place risks of abuse and crisis deepens the country's second largest lender commerce bank is among the dangers where there's three of austria's largest financial groups becomes a day after standard and poor's predicted one in three chance of greece leaving the euro say the country's general election later this month. but the top of the business there it is waiting for us there thanks carol we started this hour with the russian markets because they just kicked off the trading session and if we take a look at the lat

a strategic relationship with india, where india can help promote democratic values in myanmar, bangladesh, sri lanka, the melodies, as they have been doing. as the united states is interested in doing -- the maladies. -- maldives. there may be some opportunities for the united states and china to work together. >> and that was the former ambassador talking to me. this week, the world market 23 years since the chinese crackdown in tiananmen square. following, and undisclosed number of people were arrested, but others escaped. a tiananmen square veteran now lives in the united states, and more than two decades after the event in beijing, he is demonstrating for a different cause. we have this story. >> from the occupation of tiananmen square in 1989 to last year's occupation of wall street, his life has been one forged in protest. >> the events of 1989 have shaped the rest of my life. there is a strong energy inside me to connect to social justice. that is when when -- occupy wall street started to take shape, i joined them. >> when he joined the student movement in beijing 23 years ago, he

arsenals and many observers are watching the american interest with caution china is one of india's biggest trading partner and we are neighbors we can reach each other we should not be made a proxy by other powers you know. and every should not fight the battles of the americans and really americans i think out a declining. it's a declining superpower. be able to. hold their ground and the share price agreed to as the united states continues to buddy up to india it looks like it could be using their new found friend to bully its enemy preassure either r t new delhi india couple of news stories in brief now southern australia has been hit by heavy floods more than twenty five thousand homes in the region of lost power while buildings in sydney been damaged by strong winds in victoria river burst its banks and flooded a coal mine forcing workers to abandon the site may time heavy snow has blanketed new zealand's south island closing roads and grounding flights. two suicide bombers blow themselves up in afghanistan's southern city of kandahar killing at least twenty two and wounding f

and america's defense chief cozies up to india's leadership as a string of bad luck leaves the u.s. short of bases ahead of its military move into the asia pacific. we can take supporters are assembling their forces on wednesday as bradley manning one of the major contributors to the website faces his latest hearing he's charged with twenty two separate crimes including aiding the enemy which is a capital offense but in a culture never reports washington's interpretation of the freedom of speech the pen's on who you actually are. from a former cia officer who questioned waterboarding to suspected we can take small bradley manning the obama administration has waged an unprecedented war on whistleblowers prosecuting more of them under a spanish laws than old previous administrations combined but it seems one man snitch is another man's spin doctor the problem with the current situation with the current white house is they have leaked classified information several times when it suits them to do so one of those with what was the thing with the book obama's wars done by bob woodward whe

to bully its enemy preassure either r t new delhi india. some other top stories from around the world moody's has downgraded the credit rating of german banks saying they face risks of using crisis deepens the country's second largest lender commerce bank is among those being as well as three of austria's largest financial groups becomes a day off the standard and poor's predicted that one in three chance of greece leaving the eurozone after the country's general election later this month. period has been hit by a wave of sectarian violence and explosions and gunfire the country's north nineteen people were killed after gunmen attacked police officers in the scene of the heaviest pointing is mr sect thought to be behind the strikes becomes a week after three died and dozens were injured in a suicide car bomb attack you know church in the area. mexican police have found seven dismembered bodies in the pacific coast state along with a message accusing authorities of cooperated with taurus drugs in order security forces think that the drug car

to bully its enemy preassure either r t new delhi india. doesn't this is the essence culture within european central banks trying to get people to spend more now is held interest rates just no one percent only one percent saving as you very little but europeans brussels has tried to address that by saying taxpayers' money will no longer bailout insolvent banks under the new proposal bank shareholders and creditors will be held responsible for any losses but the new legislation is a locally to come into force before twenty fourteen that's too late to protect taxpayers from the current crop of failures most feared investment opportunities here in russia though its flagship plans to list shares in london this year best as cool air float a boy is one of the world's most profitable airlines could an up to two hundred forty million dollars from the move since their float shares soaring here in mosco the markets having another strong day as investors return to stocks here europe's recovering this week's losses will russia based goldman the picture

to bully its enemy preassure either r t new delhi india. today it's coming up now to twenty five minutes past two in the afternoon rina kosar was at the business desk for a summit we've been reporting on moody's downgraded several german banks today now the investors taking it well you would imagine that it wouldn't be taking this very well but surprisingly enough we're seeing a completely different picture all the numbers here are positive if we take a look at the latest figures will see that both the footsie and the bags are in the black and five were expecting to see the dogs in the red today and you can see that it's over one percent similarly with the fourteen investors are also waiting for an interest rate decision by the european central bank which is due later today and some analysts are saying that all changed at one percent and also you. are speculating that there will be more growth downgrades so this could actually set the markets lower it normally does but stay with you up there other news i'd like to mention of us the fact tha

found friend to bully its enemy preassure either r t new delhi india. brief look at some other top stories from around the world the south two suicide bombers have blown themselves up in kandahar the largest city and then a stone south killing at least twenty two people and wounding fifty others the blast occurred at a market several kilometers from nato running around the field all victims are civilians supplying the base police reports the taliban has kind of sponsibility for the attack. the. panic over the euro crisis is not only to reach germany's defenses with great agency moody's downgrading seven bits major banks commerce bank second largest bank is to teach justifications that europe's economy cannot withstand potential financial shocks matters in the euro zone deteriorate. also here two or three of those largest financial groups this just a day after another agency standard and poor's so there was a one in three chance of greece leaving a single currency in their future. time to business news now it's course able to marina thanks carol well of

into the mogel time in india this come from hindu and western cultures brought together. when the mogels came from persia to north india they saw the story telling and thought it was a beautiful art form. they were not engaged with the story but saw the beauty in the footwork and hand movement. they brought the dancers into their courts. they were a form of entertainment. so, i want you to put your imagination caps on. we will go from the forest into a beautiful mogel palace. there are velvet carpets and peacocks walking around. there are beautiful paintings and everyone all of you, the audience have come to enjoy the court and the king sits on his thrown in the corner twirling his mustache and he called for his dancers and they come to the room. you are here to be entertained by them. this is called taught. taught is a highly stylized tuning of the mind and body together. you will see very fast turns ending in sharp stances and things with our eyes and eye brows and our neck, our hands. and you will also hear a language, which you might have heard. this is the language o

well of course india and china have had three tragic wars over the past numerous decades i think india has tried to maintain a position of non-alignment during the soviet era it was a diplomatic ally of the u.s.s.r. even though it wasn't a socialist country itself i think what's happening is that the united states is not worried about china but trying to secure in the boat as a market for u.s. arms which are being sold to india in record numbers the the indian government plans this one hundred billion dollars in weapons in the next decade that of course will be a drain on the indian national treasury when what india really needs is economic development but the u.s. wants to use india as a strategic partner not just for the promotion of u.s. indian relations but as a wedge against the people's republic of china and against russia in that sense i think it is dangerous to india. the u.s. defense secretary is urging india to have a more active role in afghanistan but might that inflame already tense relations between india and pakistan they've both been rivals really for influence in afgha

the world's got its eyes on india its the planet's biggest arms importer and is set to spend a hundred billion dollars on beefing up its military arsenal over the next decade while many weapon makers from far and wide are lining up to cash in on this need to modernize the united states has dash to the front of the pack. to strengthen its. true form america. ships and those who. grow through the maybe to many it's seen as part of the u.s. is bigger shift towards asia one that its defense secretary leon panetta is now touring the region to actively engage it in a chair you were a report issued by the american government of china has listed along with iran as one of the us is biggest adversaries the report also specifically singled out india as the main country washington would pursue as a strategic partner in the region the united states has already been thinking better of all amount of energy strengthening military ties with india i just told them time military transport planes for four point four billion dollars india also conducts the most military exercises with the united states tha

new delhi india. business or. spain admits banks won't lend to it anymore now that is very bad news coming through south of new isn't it yes because spain isn't greece spain structurally minister confirms the country's fault too big to be bailed out by brussels but lenders are no longer letting it roll over its bonds for fear it won't pay back leaving the country out to dry madrid has lost a quarter of its value already this year brussels says taxpayers' money will no longer bailout insolvent banks on the new proposals bank shareholders creditors will be responsible for any losses for the new legislation is unlikely to come into force before twenty fourteen too late to protect taxpayers from the current crop or fails but another storming day its economy continues to grow force despite the euro crisis arafat shares are flowing plans to list in london this year investors say that will be a success as it's one of the world's most profitable airlines airflow could earn up to two hundred forty million dollars from the

america's defense chief cozies up to india's leadership as a string of bad luck leaves the u.s. short of bases ahead of its military move into the asia pacific. and syria allows humanitarian aid workers into the country for the first time amid an escalation of violence on the expulsion of its. and since the uprising broke out in neighboring syria sectarian violence between supporters and opponents of the assad regime's flared up repeatedly in lebanon today alone at least one person was killed and two were injured when syrian troops exchanged fire with lebanese militia on the border we've got more the ripples of the syrian war that it's sending out now and i'll debate show cross-talk on a just a minute from now. sigrid laboratory tim curry was able to build a most sophisticated robot which on fortunately doesn't give a darn about anything turns mission to teach creation why it should care about humans and. this is why you should care only. if.