india's proposed economic revolution, delhi. prime minister narendra modi runs a government just down the road and he says he wants to release the potential of the indian people. 2020,xperts say that by india will have the largest middle class in the world, and that is a lot of consumers. it has got all the big names you would expect in any western city, but this is select city, hamill in north delhi. it is where the middle classes like to shop. >> they like change and they want change now. >> i don't think we can compete with china because they are far ahead, but we are catching up. reporter: the yellow diggers of jcb, british-owned and one of india's biggest. toufacturers, they used produce five machines a day at this factory near delhi. now it is over 100. indian manager says that china's troubles could be to his country's advantage. >> it coulput a further sweet spot and after the currency stabilize, we can se the advantage of attracting foreign investment, which the prime and his global outreach program, and also ensure the

. >> it is the buddhism in india, 2500 years in india and in tibet the buddhist tech came very early. generally speaking tibetan buddhism -- came to tibet and then just covered it with the tibetan school. we have four different schools of buddhism, red hat. we have black hat. we have yellow hat. also there is traditionally tibetan as a buddhist culture with another aspect. it is integrated with the buddhism cultures. so we have this tibetan buddhist culture fully involving tibetan life in tibet. so tibet is not different than india buddhism philosophy, but we have a different cultural aspect. we have a different lineage. they have a different way to practice. we have a lot of levels. one is for the community, the general people and another one for the monestic traditionals. in another one we do the mantras and mandelas, those initiations. these are very fully involved. the interesting thing is when you look, it looks like a lot of chanting, mantra. but it is a very high level practice. it is one of the highest tibetan practices. it has so much meaning and detail. bottom line is accord

when we first started india back in the 1990s, we were forecasting that india would have about 300 a airplanes over 20 years. today, the forecast at india's nearly 1,700 airplanes over the next several years. it's a very big market. we have 80% market share in one of the most important markets in the world today. >> kiran, a low cost airline, in an emerging market airline, forecast for us roughly, a decade ahead is low cost emerging market airlines going to dominate global air trade? >> for sure, yes. if you look around that part of the world, if you wander around india and southeast asia where normal travel by road or by train is very difficult, and in the past air travel has been too expensive, now with the -- with the emergence of low cost carriers like indigo, what you see is that people are beginning to fly. if you ever take a flight in indigo, what you see is so many first time flyers in the airplane. very exciting for us. it's a market which we're very proud to hold such a dominant position. >> let's quickly touch on drivers, macro drivers globally right now. you must be delig

and yet more than a third of india's children are still underweight, something india's former prime minister manmohan singh called a "national shame." so of course only few indian's can afford to just throw food away, but as long as millions can't afford to store food properly, that's exactly what they are forced to do. reporter: the azadpur market in new delhi is one of asia's largest fruit and vegetable outlets. customers include local retailers, distributors, restaurant owners, and private customers. the goods sold here have often been on the road for days, travelling right across india. but now it's the monsoon season, so the produce is saturated when it arrives. rajpal kumar has been working here since he was a child and tells us little has changed in that time. everything that is not sold the same day just rots, he says. rajpal: it's been raining so the vegetables have gone bad. i'll have to throw them away. these vegetables arrived yesterday. reporter: nearly half of all the foodstuffs produced in india end up being scrapped before they even reach the consumer. here at the market, tem

india has cancelled talks that were set for the end of august in response to the drug ban.talling the free trade deal that was supposed to be signed last year. this trade-ex period of time and former government consultant says the free trade deal has been delayed over issues of human rights and trade protectionism and the drug ban will slow negotiations even more. >> this is a main exporter and the point at some point the indian side will say what is the point of going through the fda anyway. >> reporter: india is saying it's willing to wait to ensure the major industries get the best deal and trade analyst say the drug ban may end up being a case of bad medicine pushing india to focus on trade-in other parts of the world, al jazeera, new deli. >>> some areas of south africa are facing a sewage crisis with rivers of waste flowing through several communities. many of its treatment plants are not coping with the increased demand and that is causing a smelly and unhydrogenic problem for people living nearby and tonya page reports from dennysville. >> reporter: it's filled to t

after this break, inflation issue in india while we have a look at the top priority. the central-bank make it course on the cost of borrowing. ♪ burress shot a bank rate decisions in australia and india and bold expected to cost -- both expected to hold the cost. , a brief look of australia. nothing expected today. glenn stevens, the same problem all year. the slogan economy and a mining boom which is turned into a bit of a bust. guest: acted this stage, with where likely to see is the reserve bank of australia will be unchanged assessment. announcement today will be a nonevent. unchanged since the july statement. the reserve bank will probably reveal its hand with monetary policy on friday. if we see a downward revision to the bank's growth forecasts, it would suggest they do have a service position to ease and the second half of the year. certainly at this stage, the statement today will not be signaling an imminent move from the reserve bank. rishaad: what difference would it made if they cut rates? glenn maguire: this is the key question. one of the mechanisms the

>> reporter: so why on earth would we travel all the way to india -- >> snakes! >> reporter: to come face-to-face with this? a cobra so deadly, one bite and you're done. because in india, snakes aren't reviled, they're revered icons in the hindu religion. we're looking for their modern-day keepers, snake charmers, men able to hypnotize these venomous creatures into a tranquil dance, a disappearing trade. >> we are on the road to the outskirts of delhi going to a snake charmers village. because of what they do, their art, they're a marginalized community. hi. gloria, hi. >> reporter: we meet shiva, a man helping snake charmers survive. it's not easy. the wildlife protection act of 1972 banned owning a snake. snake charming, seen as inhumane. but shiva tells us the men he knows treat their snakes like family. >> how big of these snakes? >> reporter: there's just one thing -- like indy, i also hate snakes. >> i just need to be prepared for how big these things are. >> reporter: which is a small problem because shiva is taking me to meet men who live with cobras. >>

england have already won the series. >> india pushed the lead to 400 runs in the test against india. rouhani scoring a century. india attempting to level that series. in formula 1, the belgium series getting under way in the next hour. lewis hamilton on poll position. he'll share the front of the grid with nico rosberg. lewis hamilton's 10th hole in the last 11 races, britain leading nico rosberg by the over all standings >>> competitive video gaming may not be an idea of genuine sports. the prize money is real. it's predict the market is worth a billion dollars worth of revenue within two years. with high stakes comes the dem takes for some gamers to cheat, as sarah coates reports >>> productions of this magnitude are reserved for global music and sporting superstars. but there's a new player exploding on to the world stage. welcome to the world of egaming. >> a lot of more people are knowing your face and the brand you play for, even at my home town people come up and ask for autographs and photos. it's a bit much to take in. it's known as the superstar. >> opinions remain fiercely

something india is opposed to. pakistan wants an array of subjects, discussed, not against discussing terror but just making it terror-specific is something that is unacceptable to pakistan. even though pakistan says the dialogue, they are hopeful that indians will come back with modalities and will get things straight underred out at some point. >> thank you kamal. so liddy dutt. >> certainly from the indian government's perspective as we have been hearing for the number of days, one of the situations is the issue of cross border terrorism which the foreign minister has said did raise in her press conference. she did say as the papers are leading with this morning, if there is to be talks that will take place it will only be on terror. keeping in mind that this comes against the backdrop of an attack in punjab in the last month as well as allegations by india that there are fighters continually coming across from pakistan and india-administered kashmir. that is where india stands. the disputed kashmir should they

now makes economic sense to manufacture in india.s being so cheap, worthwhile makes it to make it locally. that is the first thing, that is foxcmpotent --reason for onn to get involved. economy, also a giant more than a billion people. india is stil growing and it is a large company. on the flip side is labor itself. cheap labor, not so much as a very large pool of labor. those are the two major reasons. it is untapped for my market side and a labor side. yvonne: will we see iphones made in india? will happent eventually. i think they are holding their , they will not have a good pair of long does it will not happen soon. yvonne: thanks so much. we have more from india coming up next. the company'ss largest phone carrier. we're live in mumbai after the short break. ♪ you are watching "trending business," welcome back. again, adding to the billion dollars of deals they have already done. they bought space and operations in papua new guinea. china's lack of large individual mines means they must look abroad. china is already the world'

account india's concerns. is aecond thing we heard concern that the pakistan may feel or believe that if in some sense they accommodate us, by encouraging reconciliation, that will effectively raise the threshold of allowable cross-border activity by terrorists from pakistan into india. something the indians would not take kindly to. to emphasize the point, we need to make a point to pakistan. and i think the regional neighbors need to make the that we support reconciliation and also any terrorism in the region is unacceptable. terroristsot good and bad terrorists, it has all got to stop. that was the second message we heard from india. andrew wilder: i think we got pakistanssion it was controlled, afghan led peace process. in both points, we tried to be as transparent in consultations, and working closely with the secretary. i have done to india several times a year for years, .ncluding was recently in may we tried to ensure that they have every bit of a sense of what is going on as we do. expressed their gre

let's get started with india first. keeping rates steady. the pressure from the government. do you think this was the right call to keep rates on hold and also where do you see inflation going this year? guest: yeah, we think it will stay. it made sense. the central bank has cut rates three times this year. we think there are more rates cuts to come this year. it will happen by the end of the march quarter 2016 but it made sense to break set to pause, especially given the uncertainties surrounding the monsoon and other developments. yeah, i think that move makes sense. shery: there seems to be a turf war between the finance ministry and the central bank with this bill that gives government majority control of monetary policy committee. what impact would this have and where do you see this going? edward: i think it is certainly a news story. that is something the press want to put into the papers. rajim wentthat mr. out of his way to play that down. there is a very real difference between what the government is legally able to tell the centra

which is very crucial when it comes to india. and unless the people feel confident about spending and investing, although the inflation is slowing down, but if you ask the people on the streets, they can say, yes, still spending the same amount of money as last year. so it hasn't much realized in terms by the country. >> let's talk about the long-term structural forums promise d by modi. is it fair to say those haven't come forward or is he making progress? >> i think last year when he won the election there was high optimism surrounding it about the economy. forgetting the fact that there is a whole amount of politics involved, state politics involved, in making sure what he wanted to do is done. and therefore, we see a policy pattern here, the goods and services factors, for instance, which we see looking at that here, it's still in turmoil. >> but if you take a step back and the boards are pointing to strong demographics the consumption and the increasingly important adoption of technology by consumers will this continue if th

do you want to come back on india? >> i just want to mention one comment which is the issue of time. what we're seeing is this one year old and progress has been made including now with the cooking oil gas subsidies into those accounts has already achieved over $2 billion savings for the government and i'm sure we're going to see more and more as the government sees that they are making their operations more efficient. but also the issue down the are there are people who managing their financial lives. and i remember myself visiting a small corner shop in india this was an eastern african country and walking to the store this woman who had actually an account. she walked into the store, she asked the person who was also out some money and then she cashed out and i think it's a little premature to judge after one year the scales when we're talking about india are mind boggling. the biggest financial scheme, the biggest id. e're talking about the biggest -- the scale is so big it's going to take a while to see he they mi

india heir credit, acknowledged not everyone wants a bank account. could be mobile operators or other types of nonbank service providers. so those 11 i think they were licensed just in the last week or so. so india deserves a lot of praise for acknowledging that customer choys is just as -- choice is just as important. i totally agree with the comment about not just government payments but also the ability to have other places to use your account to use your card the whole march nt acceptance side of things. this is one area where my colleagues are doing a great deal of work with indian agencies on putting together an extenseive acceptance network for just this purpose. >> do you want to talk about the example? how does that look from the mobile perspective? >> sure. my prior life before i joined i worked on regulations looking at branchless banking, mobile money. whatever you want to call them. different laws and regulations related to financial inclusion. and india you've seen over time they have continually loosened up their approach but it's been

. >>> 700 dba anywheric medicines made in india will be banned in the u.n.cal tryings will manipulated. it's considered the world's third largest. they ordered $15 billion worth of medicines. $3 billion of drugs went to europe. the ban will cost citizens $1.2 billion. >>> india deferred free trade talks. >> reporter: in his multibillion dollars drug industry has been hit by a ban. the eu regulator alleges that clinical trials were manipulated. they will be banned in all 28 member states until retesting can be done. but banning all the drugs based on a technical issue is unfair. >> they have already done some of the work on the molecules. and it should be analyzed in another lab. >> reporter: even if and when that happens, those in the dba anywheric drug industry say the damage to their reputation has already been done. >> we have lost the prospective buyers and as a contract manufacturer. secondly, we are talking about indian companies like us, we will face a lot difficulty. >> reporter: the fear is the bad reputation should spread and affect sales in other

pakistan pulled out, saying it won't accept india's preconditions.nts to discuss the dispute over cashmere, but india wants the meeting between the national security advisors to focus only on terrorism. we can get the latest now from our correspondent. let's hear from pakistan administered kashmir. >> although the indian prime minister and the iraqi prime minister agreed to resume talks, there was an anticipation that perhaps it would be a step forward, but the pakistani side now said that it has analyzed carefully the indian foreign minister's statement at a press conference yesterday in which india puts two conditions, pakistan says that india cannot put unilaterally conditions for talks, that the talks should be unconditional, they should discuss the kashmir issue. pakistan is not opposed to discussing terrorism but cannot stick to just this alone. the pakistanis are also objecting to the second point the indians have raised that the pakistani's would not be allowed to meet the kashmiri leaders likely to attend those talks and india would not acce

since you are the man who brought up india, you want to come back on india? >> i just want to mention one thing, which is the issue of time. we are seeing this scheme is just one year old and the progress that has been made, including now with cooking oil gas subsidies into those accounts has already achieved for themillion savings government, and i'm sure we are going to see more and more as the government sees they're making their operations more efficient. but also the issue, as you mentioned, there are people who are managing their financial lives. and i remember myself visiting a small corner shop in india -- and walk into the store, there was this woman had an account. she walked into the store, asked the -- salesperson, who is also an agent, to cash out some money. then she cashed out and he asked if she could pay and buy some products. i asked her, why do he does pay for the goods transferring from your account to his account? she said, i don't know. when you pay for something, you pay in cash, right? and then i asked him, why don't you encourage her?

on to india.e: it is the policy of the , andry, slower inflation now it is the royal bank of industry -- the royal bank of india cutting interest rates. on slower global growth, tackling persistent slow inflation. >> there is a bankruptcy court which i think would be extremely important because if we can get a good bankruptcy court, we can start moving to stocks and bonds, which is necessary for the infrastructure to finance all the big things that the government plans. vonnie: joining us from mom by is harsha subramaniam. mbai isgina us from mou harsha subramaniam. fromhas india learn similar conundrums, too low-inflation and too low growth? harsha: india faces the problem of low growth, high inflation. inflation has come down considerably in the last year, but you are still facing a where it believes it has not yet conquered inflation fully. here is the situation that the government finds itself in. on one hand you have the u.s. federal reserve deliberating whether they could be hiking rates. in

says this is not a new phenomenon, some 7,000 nepal women and girls are trafficked to india every yearrom kathmandu. >> reporter: kathmandu central bus stop is a constant buzz of activities and among them are human traffickers who prey on young girls and women and she came after her house was destroyed by april's earthquake. a man she knew who visited her village promised her a job in dubai. >> there were ten other girls with me. we were four in one bus and five in another. and he would call us on our phones. he said he had to go to the indian border to organize a place for us for the night. >> reporter: the trafficker kept their passports and told the girls they would get it back in india once the visa was stamped and they were rescued on way to indian border earlier this month. to protect them the girls and women are ban from getting employment in many countries in the middle east but activists say that the result of this ban is women seeking work abroad are forces to travel through india putting them at a greater risk of being trafficked and unicef estimates more than 7,000 of girls

india says talks were going firmly on terrorism. terrorism, that the indian government says pakistan is aware of and has the ability to help solve. without it, the indian government says without decisions there can be no viable or sustainable discussions between both countries, islamabad was a more broader pallet. including the issue of disputed kashmir regions. the disputed kashmir region is not on the agenda in the talks. >> anti-abortion protesters staged rallies. at thousands ever sights across the u.s. banners condemning the practices. the rallies were planned following the release of a video from an anti-abortion group on friday, saying it shows members of planned parenthood negotiating prices for aborted foetal tissue. the protesters want funding cut to the group >>> digital art is nothing new. it's been around as long as the computer. as the art is more sophisticated, so, too, is the way it's show cased. >> reporter: hi, meet latervo. >> i'm a digital artist. >> this is the curator of panther modern. >> i create architecture

this is the monsoon season in india. heavy rains, and that weakens the ground under the railway tracks, which accumulated - several tracks went by when the trains came in yesterday evening, that was pretty much the straw that broke the camel's back. causing the strains to derail. the railway minister is to address parliament, and he said he'd address the issue giving a better explanation and more details on what happened. accidents are a big, big problem in india. there were extenuating circumstances, could it be an infrastructure problem or unavoidable? >> well there are infrastructure problems throughout the railways. this is a massive railway network serving tens of billions. there's calls for years that they need to be improved. old to be replaced. there's tens of thousands of crossings where accidents happened all the time. railway officials say it's something they couldn't account for. the monsoon is a yearly event in india. many say that railways in other government officials should be ready for these type of thin

i've gone to india several times a year for years. we have tried to ensure that they have every bit of a sense of what is going on as well. and clearly they express their great skepticism about it. and the more that we can demonstrate what we believe is occurring, what we believe is incentivizing it and how we think that it is productive ultimately for the long-term stability, it is an pakistan versus india or vice versa. and clearly the message is one that we made extremely clear. >> one more question for stephen and we will open it up to the audience questions. and so what you would say to the american people and we have spent many of this and many have talked about this. to make the case for why the u.s. needs to remain engaged militarily and politically and economically for the longer-term >> i would say that they set a very alone in her speech and so i will just echo what briefly. first of all, it has been a major commitment by the men and women of the united states, taxpayers, men and women in uniform, coalitions orders and the

the european union says no to hundreds of generic drugs from india. the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. >> hello again. the top stories on al jazeera. north korea ordered troops to be ready for war with south kree y after an exchange of artillery fire on thursday. the south put its military on its highest alert level. israel has launched a second round of strikes over western syria and the damascus countryside. earlier they target

what we are seeing on the streets of india right now, violent unrest.pits the separate casts against each other. --castes the army has been brought in. the government is also blocking mobile messaging. , thoselike whatsapp services have been blocked. facebook messaging and similar services that we and people in india and all around the world use every day. here is what people are saying there. ,anning internet services social media and whatsapp is one of the best decisions taken by the government. that person is supporting the local government's decision. messages andatsapp hardly any facebook feed. it feels different. no mobile internet services. we forget what it is like to for -- to live each day without our dependence on mobile internet. this person writing that this is an opportunity for the media -- that this -- this person is criticizing the media. it's a complicated situation. the army is now coming in to try to quell the violence. shery: it has been going on for a couple of days. i think it started on tuesday so we will see how that situation d

at least 24 people have been killed in india as two passenger trains derailed minutes apart from flooded tracks on a bridge. 300 people have been rescued. more police forces become involved in the case of historic minister by the prime from the 1970's, edward heath's arrest. stuart: i am stuart norval with delay -- with today's live from paris. relatives and friends from the 200th or 9 people killed when a malaysian airlines jet disappeared without a trace on march 8 of last year. in the next hour or so in france, the case containing the wing parts found washed up on the french island of lot reunion -- of la reunion. boeing employees and representatives from china, the country that lost the most passengers. for the latest on the investigation, our correspondent. >> a single piece of debris many are hoping will solve the mystery of missing malaysian airlines flight mh 370. the wreckage washed out on the shore of reunion -- washed up on reunion island leslie is in the french city of toulouse. will undergo a physical and chemical analysis in an effort to discover how it was damaged. it need

men frommen india and nepal who travel to a war zone gist for a promise of a good job. or many of them that promise turned out to be a lie. they ended up deceived and indebted victims of human traffickers who thrive on military contracts . front line investigates the american military has come to rely on an indentured workforce. camp marmel is the largest base in northern afghanistan. nato's mission here centers on training the afghan national army. >> the complexity sometimes is when we first got here is i started thinking about it, it but -- >> this is the u.s. regional garrison commander responsible for daily operations in the north. >> there are a lot of great contractors who come up here local nationals third country nationals u.s. ex-pats and they all work together. >> what are they doing? >> everything you can think of. they work in the dining facilities. they help maintain the living facilities. what it does is it allows the soldiers to concentrate on their primary mission rather than having a lot of extra duties. we could not do our mission without them. they d

is controlpublished over half of india's parliament.plished is control over half of india's parliament. for him to gain power in the --er half of parliament house of parliament, he needed victories in states like bihar. by fivell be followed other elections next year. this will really set the bar for modi. if he can win any game this momentum going international elections, then he has a good shot at really consolidating power. it will help him pursue the reform agenda that has all -- stalled in the upper house of parliament. to slidees, he begins down a slippery slope of potentially waning national support. angie: tell us about the big challenges for modi in bihar. is one of india's poorest and most backwards states. this is a place where lawlessness runs rampant. the social infrastructure needed for upward mobility among 100 million people is really lacking. for him to really win this crucial state, he needs to cut across the society, which is based largely on caste. people make their decisions on who to vote for based on who is runnin

at the start of the trading day in india.plications of the oil price and the stock these have in china, not been good effect for commodity prices. one places benefiting the most from cheap oil is india. details.has the it is a net importer of crew. -- crude. the finance minister and the central bank governor are trying to allay concerns. the currency is looking good. india has less exposure to the inwdown compared to peers the region, accounting for 5.2%. indonesia is more than twice that. thailand and malaysia, almost triple. this is good news for prime minister modi, who campaigned on the promise of kickstarting the economy. he has been trying to push through reforms to do just that. there could be a special session of parliament after the current session. meanwhile, a word on the ruppe. it has been volatile the past few sessions. india has tried to ensure that even with volatility, the central bank would have enough to stop it. while crude prices may have an , yout on most economies can see india on the whole having a good

india deferred talks on a free trade deal in response to the ban. we have more >>> in this multi-billion drug industry has been hit by a man on several hundred generic drugs. the clinical trials were manipulate. they were banned in all 28 states. generic manufacturers say banning the drugs based on a technical issue is unfair. >> so much of the work was done. they should be given answers, and it should be analysed in another lab. >> even if and when that happens. those in the generic industry say the damage to their reputation has been done. >> we have lost the prospective buyers, that we could have got. secondly. the degradation of indian companies. small companies likes us. we will face difficulty. >> the fear is the bad reputation could spread, and affect sales in other countries, including the lucrative u.s. market. >> many of the drugs banned by the iare are widely table here and in other countries. local manufacturers are ask the the country to do what it can. it's effecting negotiations for a free trade deal for the european union and india.

it's either india shining or india dying. what i am passionate about is -- can you really unleash the energy of a country using its entrepreneurs? to really address problems that have remained for the last, i don't know how many, decades in the country? in 2050 i think that would be amazing to see. no matter where we are. but if we can actually proudly say that we are here, but we brought all our country along and we haven't left half the country behind. >> there are life-changing opportunities to be had in our next report too, where the beneficiaries are street children. according to unesco figures 100 million children worldwide are without a home. many of them live in cities, where life on the streets is particularly tough, especially for the young and vulnerable. now though, some youngsters in the cambodian capital phnom penh are being given the chance to train as professional cooks providing, of course, they have the discipline to see it through. >> a recipe to fight poverty, being tested in this kitchen. from street kid

>>> two passenger trains derail in central india kill being 27 people. woo you are watching al jazeera. coming up in the program pro government forces in yemin say they -- yemen say they have recaptured three rebel. >>> what we know will affect the lives of our children and grandchildren in israel, america, everywhere. >> israel's prime minister urges to block the deal as president obama makes the case for it. >>> a footballing break through in the middle east as a west bank team is allowed into gaza in more than a decade. >> at least 27 have died in india after two trains derailed while crossing a bridge. it happened 160-kilometers from the city. what is the latest you are getting from the scene? >> more rescue teams have been arriving by the hour. information is slow to come out from the scene itself. now, what we do know is several rail cars are still flooded at this time. whether they still have people inside and if they do what their situation is, is still unclear. the state's chief minister and junior home minister in charge have been tweeting upda

what are the risks for india?t see that because the major disappointment has been the failure of prime on ther modi to deliver general sales tax and the land reform and the various other issues that we expected him to push through by now. surprisingly, the market is very willing to give him the benefit of the doubt. , not a man who gives up easily. he will push things through even if it takes longer. the other thing i would say, which i find interesting speaking with friends in india, is that we have now over 15% -- consecutive months of inflows into domestic equity funds. even the foreigners are put off by emerging markets now. the investors are keen on stocks. that might seem strange. the reason is, coming back to gold, that they have lost their faith in gold. they are looking for alternatives. bond yields were very low compared to what they have been in the past. local investors are actually buying stocks. , we aret to change gear watching the political disturbances in malaysia very carefully right now. give us

monsoons are also wreaking havoc in parts of india. more than 20 people died when flash flooding caused two express trains to derail on the bridge. reporter: the aftermath of the accident becomes clear in the full light of day. during the night, two express trains came off the tracks and crashed into a river. the twin accidents on the same stretch of train tracks were in central india. the outdated rail line was no match for flash floods that all of heavy monsoon rains. indian officials say water had weakened the tracks. >> the track it caved in because of the heavy rains and because of the wet soft soil it became because of the rains. reporter: india's railway minister says the families of the victims will receive compensation. families of those who died will receive 2900 euro. those whose loved ones were injured will also receive compensation. last year, train accidents killed over 25,000 people across india. critics say this tragedy could have been prevented if the tracks were better maintained. india has the fourth largest railway

>>> two passenger trains derail in central india killing at least 24 people. we'll be live from new delhi with the latest. >>> you're watching al jazeera. live from our headquarters in doha. coming up in the programme - pro-government forces in yemen say they have recaptured three provinces from the houthi rebels. >>> what we do now will affect our lives and the lives of our children and grandchildren. in israel, america, everywhere. >> israel's prime minister appears to u.s. troops to blog the iran nuclear deal as president obama makes a case for it. plus... >> as japan prepares to mark 70 years since the hiroshima bombing, i'm harry fawcett, we hear from people engaged in a tough battle to be recognised as victims of the first nuclear attack. >> hello, 24 people have died in india after two trains derailed within minutes of each other while crossing a bridge. it happened near hada, 160km from bow paul. let's get from now live from new delhi. what is the latest from the scene? >> more rescue teams arrived in the past hour, but details are still slow to come f

let me go to india. i think we all understand, again, what happened with malaysia. abouto me a little bit the -- if you can -- in india -- i mean, it is ana amazing thing. if i understand it, the government of india seizes passports of trafficking words, wes, in other were trying to get trafficking safety, and we understand that the government of india seizes their passports. i -- they denied international -- to others. can you tell me what the internal robs would have been within the department, in other words, the other equities that we fully understand with malaysia, that would call the causement -- that would the department to be any more, if you will, on india? undersecretary: thank you, mr. chairman. 's tierw, india it is makingshow significant efforts, and the significance of those efforts are primarily in the rehabilitation services within india as well as it's training of prosecutors and judges as well as the launching, upon the order of the supreme court within india, searches to trace the whereabouts of lost and missing children who could be potential tra

that's not good for india.gh, for the most part, things do seem to be going quite well. >> and that's the thing. so with the new data, what they're looking at is a different base here. with the previous data they were looking at something, 2002 as their base year. and now 2012 is their base year. and what that means is it is going to be a couple of years before we actually are able to compare this data with itself in a reliable manner and that will give us a more accurate picture of the growth. i should add to all of this, though, what we know about india is that the fundamentals are fairly strong. what we also know is that with a collapse in global oil prices, india is one of the few winners because it has been able to reduce its deficit and control inflation. but we don't know how fast it is growing and linked to that, we don't know whether it is able to really sort of allow this growth to be uniform across both urban and rural india. that's the big challenge that india's new government is fashion. they came

and india has responded by postponing talks on a free trade deal with the e.u. >> reporter: india's multi-billion drug city has been hit. the e.u. regulator alleges clinical trials on the drugs were manipulated. but generic manufacturers here say banning all of the drugs, based on a technical issue is unfair. >> we have done so much of the work on those molecules, they should be given some chances and be analyzed in another lab. >> reporter: even if and when that happens, those in the generic drug city say the damage to their reputation has already been done. >> we have lost the prospective buyers. secondly, if you talk about [ inaudible ] the companies in companies like us, we will face a lot of difficulty in the [ inaudible ]. >> reporter: the fear is the bad reputation could spread and effect sales in ore countries, including the lucrative u.s. market. many of the drugs being banned are still widely available here and in many other countries. local manufacturers are asking the indian government to do what it can to lift the ban. but this goes beyond a single industry, it is already effects neg