so i don't think saying we won't go to india or india should do this, i think the digital india strategy is very new. i think i welcome this conversation. and it will come. the rights will come. >> it should. >> i don't think we should be concerned about investing in india. i think facebook has hundreds of millions of users, so does twitter. mr. modi himself has hundreds of millions of fans. so i don't think that's an issue. i think it will come. i don't think the entrepreneurs here that i know of in our community are hesitant to invest in india at all. in fact, i think venture capital investment and angel investment from silicon valley this year will double in india. >> i'm sorry, go ahead. >> i just -- in last week's "economist," india was rated 142 out of 189 countries as the -- that was least friendly to business interests. and i wonder how youould respond to that. >> i accept that. i think it's a hard place to do business. but i think what the prime minister has done in conjunction with the world bank, he's doing a state to state comparison. i think that will motivate all these diff

we begin in india's capital, the historic city of delhi.his ever-expanding metropolis lures millions of indians away from the hardships of the rural countryside. here we see the effects of rural-to-urban migration and the development of informal settlements. india's capital, delhi, has a population of between 13 and 14 million. commuters, camels, rickshas, buses, motorcycles-- delhi is a smorgasbord of sights and sounds. people of many different ethnic, religious and linguistic groups make the capital the city that it is today. but amid this cultural mosaic, this swelling city faces some serious challenges. delhi sits on the banks of two large rivers, the ganges and the yamuna. capital city for a long succession of dynasties, delhi has for many, many years drawn people to itself like a magnet. its long history shows itself in the many faces of the city. various peoples have left their mark on delhi. for instance, remnants of the islamic domination that started in the 12th century can be seen in old delhi. new delhi was built in the british

this is india's bread basket.ertile punjabi soil has great value. these are people who own land over there. >> yes. >> then they put the fence. >> yes. >> suddenly your life became difficult. >> exactly. they can only grow some kind of crops, and they can't farm more than eight hours in a day. >> how long does it take to get back and forth? >> the border security force manage these gates, so they have times when they can enter and come out. >> how much farther can we go before they start to get worried? >> i think we can just go to that pole. >> when india and pakistan were separated, the attempt was to try to draw a line across religious lines. >> exactly. >> drained by the colossal task of fighting two world wars, in 1947 great britain decided to end their nearly 200-year rule over india. in an attempt to prevent an what the colonials saw as an inevitable civil war between the hindus, muslims and sikhs, the british commissioner, a lawyer from wales, was to draw up a new border. >> he was given two months. >> two

access to india.he actual physical infrastructure of a bank is just as important as the digital infrastructure as they make investment choices. how does it get that right between rolling out physical things both for internet access and banks, and the digital access? guest: if you look at the last six months, this government has been able to open bank accounts 180 million for indian citizens. that is without any physical banking infrastructure. more focused on digital infrastructure. my recommendation would be in the new model, physical infrastructure, buildings for banks, are not as critical as digital connectivity because you can still do banking from your mobile phone. rather than walking into a bank itself. dr. aghi, thank you very much. of course the prime minister visiting silicon valley, at times having an emotional meeting with mark zuckerberg coast -- er west moving on, sadly a truce has been declared between two heavyweights. it all happened when tim cook appeared on stephen colbert's show an

roll out access india. to the actual physical infrastructure of a bank is just as important as the digital infrastructure as they make investment choices. -- did they get that right do they get that right? >> if you look at the last six , they haveovernment been able to open 180 million bank accounts for indian citizens. that is without any physical banking infrastructure. we want to focus on digital infrastructure. my recommendation would be in the new model, physical forastructure, buildings banks, are not as critical as digital connectivity because you can still do banking from your mobile phone. thank you for very much -- you very much. visiting minister silicon valley at having sometimes an emotional meeting. moving on, sadly a truce has been declared between two heavyweights. cookl happened when tim appeared on stephen colbert's show and about the new jobs movie. joy to work with, i love him to really, i miss him every day. i think there are a lot of people trying to be opportunistic. i hate this. it

and india.i met several high profile leaders from the world's top tech companies in california over the weekend, including apple's tim cook, google ceo sundar pichai, and facebook's mark zuckerberg. modi was the first indian leader to visit the west coast in more than 30 years. on saturday, he addressed more than 350 business leaders, emphasizing the need for internet literacy in his country. >> from manufacturer products [indiscernible] the challenges are many, but we also know we will not reach your destination's without taking new roads. amy: more than 100 academics in the united states have written a letter protesting modi's visit to silicon valley, warning tech giants of the dangers of doing business with a government that has "demonstrated its disregard for human rights and civil liberties, as well as the autonomy of educational and cultural institutions." on sunday night, prime minister modi spoke before a crowd of 18,500 people in san jose. 3000 people reportedly protested outside the ve

he told the crowd, india has a new vision. you have changed the way the world looks at india. your fingers are responsible for that. >> it was meaningful. mr. modi represents hope to india and in a way that very few people have, you know, inspired people in many, many years. he's more of a politician. i think of him more as a teacher. >> in front of all the countries around the world. that's the best he's doing. >> reporter: not everyone celebrated mr. modi as others protested outside the arena and even from the air. mr. modi is the first prime minister of india to visit the united states in 33 years and many parents here say he's inspiring their children. >> he's improving india. >> reporter: the prime minister received a rock star's welcome with groups of people breaking out into impromptu chapnts of hs name. >> reporter: he rose to become prime minister. they said in just 15 months he has already proven that one man can make a difference. marianne favro. >>> little bit of a different perspective. this video was sent to us by one of the emcees for last night's event. you wan

india's spot for asia, finance minister says new reforms will make india a beacon of economic growth in the region. we are going to speak live this hour to arun jaitley. japan's growing problem with ghost towns. it could leave up to 20 million homes vacant. all that and much more on "asia edge." a down day across the asia-pacific, stocks trending lower in most of the major markets. isnghai the only market that posting some upsides. some modest upsides. look at hong kong, the hang seng down by 1.5%. south korea, 2% drop. 2.6% move in australia. japan is closed today for a holiday. we are signaling another dismal start to the week. this on global growth concerns, trying to figure out the trajectory of the fed's latest interest-rate decision. those s&p 500 contract future signaling a third day of declines. rishaad: despite lowering its growth forecast, india will be the fastest expanding major economy over the next few years, being called an exception to the gloomy outlook. let's get more from the india summit in hong kong. stephen engle is there. steve: good morning. minister arun jait

he has done so much in india. >> modi is being wooed by silicon valley big time. it began with a hometown meeting at facebook. he told the crowd he loves social media he has 30 million likes on facebook and 13 million twitter followers. >> i think i would say to leaders, all over the world that there is, you are not going to run away from social media. >> india is one of the fastest growing economies in the world. a huge opportunity to deepen digital ties with tech companies. >> the faster the economy grows, the better the business prospects for all technology companies here. >> our prime minister is coming to india. >> supporters like his digital india plan to expand high speed internet to 80% of the company. but the prime minister has his opposition. protesters call his human rights record dismal. >> it means success for some, but oppression for many. that manifests as gender violence. >> others see him as the face of a new india, prying to end poverty while i am bracing technology. this is the first time an indian prime minister has visited california. tonight'

air india reportedly working to an plan that takes passengers to india to san francisco. this would be the world's longest nonstop commercial flight. how about 18 hours in the air? right now, there are not any direct flights from san francisco to india even though the bay area has a boomingian population. >>> survivors are psychiatricing it as chaos. boats flying out of a duck boat turning into a candidate. a charter bus and a duck tour boat crashed on a bridge earlier this week in seattle. four locals died. we have more on what the survivors remember. >> reporter: the family from freemont just went to seattle for a very short trip. and they decided to take one of those ride the ducks tours just to pass the time 678 they were involved in a horrible accident, actually thrown from that tour vehicle. two of them of course now tonight sharing their story. >> i just remember it felt like we lost control and looked up and say the bus headed towards us. >> katie moody and her dad remember the frightening moments just before the deadly crash. >> i was thrown from the bus. and jus

i invest very actively as an angel in india.hey are making a great move going to silicon valley and explaining to -- which is very, very successful that india has arrived and is becoming a silicon valley of asia as we speak. >> all right. we'll have to leave it there. rish? rish: thank you. shares have been taking a beating. we're having a look at how investors have lost billions in alibaba which people thought was sure thing. rish: this is trend. chinese home prices rising. let's bring in steve eveningle. he has the details. you have all of these piece s of paper. what is the story? >> the story is more cities in china are seeing price increases than the previous month. i can run through all the numbers. 35 of the 70 largest cities they tracked are seeing price increases month over months and also year over year. nine the previous movept, it was -- moment was three. rish: what about the price rises we're seeing? >> mostly concentrated in tier one and tier two cities. they are in limited supply. on one hand sales and prices have

who dpru up in india. after google, modi sat down with facebook founder mark zuckerberg who explained his own connection to india. turns out before facebook was a success, the late steve jobs told zuckerberg to visit india for inspiration and guidance regarding the budding company. >> i've seen how people connected and have the opportunity to feel how much better the world can be if everyone has a stronger ability to connect. reinforced for me the importance of what we were doing. that is something that is always remembered. >> odi is now headed to new york city where he will attend a summit meeting with president obama this morning. >>> one of the events on his schedule, a very packed one at that. prime minister modi made time to meet with governor jerry brown. the two men in san francisco yesterday afternoon to talk about climate change, renewable energy and the digital economy. governor brown has made slowing climate change one of his top priorities and the prime minister recently revealed new programs

on one side is nepal, a city, and the other is india. now, this border point is one of the most important points for nepal as almost all of the imports come to this checkpoint. as you can see, nothing is moving, and it's been element a week as a land-locked country, nepal is entirely reliant on its imports from india. many of the people over here see the blockade as a welcome pressure for kathmandu. >> translator: they're suffering and our indian neighbors are putting that on our wounds. what's wrong with that? >> reporter: the area has been under an enforced shutdown. the root of the process has been nepal's new constitution. now, people over here say that the constitution does not give them enough fair representation in the national assembly. they're also against the currency mark indication of the federal states. india did not welcome the constitution and hinted on a blockade. cup coupled with delays on the indian side and the protests here, the problem is just getting worse. earlier we talked to who is assumed to be the next prime mi

speaking hindi, he told the crowd india has a new vision. he said you have changed the way the world looks at india. your fingers are responsible for that. . >> it was meaningful. mr. modi represents hope to india and the indian diaspora. he is more than a politician. i think of him as a teacher. >> he is bringing the goodness of india in front of all the countries around the world that is the best he is doing. >> reporter: not everyone celebrated mr. modi as others protested outside the arena, and even from the air. mr. modi is the first prime minister of india to visit the united states in 33 years, and many parents here tonight say he is inspiring their children. >> he is improving india. so i'm pretty glad. >> reporter: the prime minister received a rock star's welcome with groups of people breaking out into impromptu chants of his name. >> modi! >> reporter: many say they're inspired by the leader's humble beginnings. he started as a tea vendor and rose to become prime minister. they say in just 15 months, he has already proven one man

what's the market, india or breaking into china? >> i think his vision is to connect everybody in the world. he's looking at all possible markets forex pangs. india is just more available right now. china i think over time will become available to him. i think right now the environment in india is more favorable forex pangs and his internet.org initiative works really well there, but i have no doubt that over time facebook will be able to connect a lot of people to china as well. >> arvind, you just mentioned before that india is a highly lucrative market for the social media companies. in india there is a lot of criticism that the platform simply isn't as open as it could be to many of the developers. what are some of the key steps that facebook really needs to take in that particular market? >> i think it's just a function of being a developing economy and going through the growth pains. what's important is that you have support at the top and i think at the very bottom level or at the developer level i think there will be from a

a hope of him re-creating a silicon valley in india. not possible in silicon valley, he's there, too. we look at him not only as an indian leader. >> reporter: critics question whether the prime minister will create a second silicon valley at the expense of minorities and some protested today against what they say are the leaders' human rights violations. and tonight the prime minister also met with the ceo of apple tim cook. in addition to that, at 9:30 tomorrow morning he will meet with mark zuckerberg, the ceo of facebook. >> oh, looks like we just lost marianne. we want to show you this map here because this visit will impede the rock 'n' roll half marathon and happening right before the prime minister's speech. in terms of time, not so great. let's get a look at the race course. it starts at the corner of santa clara and wind around downtown and just a few blocks from the start line. now, let's take a look at the course in relation to the sap center where the speech will be held. if you're heading downtown on sunday, please plan ac

come, india cuts rates. details after this short break. ♪ jonathan: here are bloomberg's top stories. glencore shares dropped by record in hong kong, tracking losses in london. that led asian stocks to an almost three-year low. glencore shares are trading higher this morning by 520%. -- 5.8%. carl icahn posted a video objecting to the fed's actions, saying they must raise rates. >> why should they raise rates? it is almost a rhetorical question. there are so many reasons. are building bubbles, real estate bubbles, bubbles even in the online markets. jonathan: western leaders are trying to end the carnage in syria and must accept russia. that is the view of the italian prime minister, who spoke to us in an exclusive interview in new york. countrya is a great with a great system in future. imagine a future without russia clashed it is a mistake. . jonathan: welcome back. let's get you up to speed on where stocks are trading. 1%, a drop below 6000 points yesterday. we stay there. we are down almost 10% on the y

i think india is doing well.lp from the external environment and a little more domestic-private investment, we can go much faster. inhave a 7.3% growth rate, the hope we will be able to improve on that this year. stephen: what are you hearing most from the potential foreign investors? there have been longtime concerns about infrastructure, about foreign investment barriers, about tax investment. is a broadthere sense of satisfaction. there is an appreciation about the reform direction in which india is moving. there is a desire that india move faster. investors are looking for markets parallel to earlier investment in china. they want to invest in other markets. they are still not positively inclined, and it will grow quite fast. there is infrastructure, which means a lot. stephen: how are you going to get the consumer more active in the economy? >> india has a very large class. -- large middle class. if this is going to grow. -- and this is going to grow. governmentoing up, wages will go up at the beginning of n

host: the india central-bank is on the move.hat deflation is the policy level and it should give room to cut. >> you believe that inflation numbers will go up a little in coming months? it is going to wear out. we still expect it to come by the end of the year and the chance of shooting the target of 6%. it will weigh on the central-bank decision tomorrow and in mumbai. what is the governor expected to do with the control of inflation? withe government has plans the rate cuts and expecting a policy cut of basis points by the bacon of india tomorrow and inflation has slowed cmis again lay below the mandated to directory and the price index with the consumer price index, as well. of rates,e the cuts according to markets. between chinese economy and the likelihood of the rate increase by the federal reserve that could lead the central bank to take a cautious stance while toiding on interest rates 7.25% in this calendar year. seenally, march, we have ray cuts implemented during the fiscal year with the monetary policy and the earlie

let's finish with india.hina slowdown, a slow down in commodities, dictating policy by the reserve bank of india today. surprisingly cut interest rates by more than expected. 50 basis points to 6.75%. it is rebounding after the surprise move only one of 52 economist and a bloomberg survey predicted today's move. it comes to commodities. francine: it does. thank you. conversationhe back to glencore, the collapse in the company's stock price highlights the threat of prices and china's economic slowdown. joining us are commodities javier,s jesse and thank you for joining us. one of those who speak on a regular basis. the starting point, is it a systemic risk? reporter bank a very good question and somebody is making the comparison to lehman and 2008, very early to make the comparisons. glencore is one of the biggest players and have parties all over the world and states in junior mining companies and deals. it is a risk but we are not close to a yet. javier:- hobby year -- the comparison to lehman is attractive.

the young man was from india. brought a woman from india. but the amazing thing was, that enslaved couple actually fell in love, even though it was kind of a fixed marriage. and the neighbor began to realize what was going on, realized, "that guy's sleeping in the basement, on the floor." >> hinojosa: and did they call? >> she helped them. she talked to them. she helped them escape, and got them off to a job. >> hinojosa: you actually say that one of the things that's amazing in the work that you do is that slaves can be freed, or have been freed, by human acts of kindness and awareness. >> in the united states, about a third of all the people who come out of slavery come out because of good samaritans-- citizens who have got their eyes open, who just take that moment and say, "honey, are you okay?" >> hinojosa: and maybe ask that question more than once. >> yeah. >> hinojosa: so it's domestic workers... >> people in prostitution. >> hinojosa: trafficked women. >> agricultural workers. >> hinojosa: agricultural workers. how do you... i was j

philippines and india are closed. taiwan will be getting their first chance to react to the rate cut. data kong, trade trad yesterday. billion hong kong dollars. a mix as far as the individual markets are concerned. you look at this in the context of industry. property, autos seeing a bit of rebound today. engineering leading. down 1%. ship makers and shipping stock. what else? it is a bit flat. mixed when it comes to commodity prices although gold heading down. point 04%. the fx market including the dollar index. we are seeing a lot of pressure on asian fx. yen, 120. 15. trading adweek levels. at week levels. prices fell for the first time in two years in japan. dropping 0.1% in august. let's go to rent miller. great to see you. we are back into this deflationary mindset. how can japan recover? brent: the data is disappointing. governor kuroda says we should look beyond this. he said there could be a dip in prices. come inwe will see that and affect japanese inflation so we should be looking a little further into the

the hand make garments destined for india's ruling classes now are on display here in london. jessica baldwin discovered some of the garments played an oh role in india's independence. >> used for pleasure trips around the country by the sultan. a swatch of a blanket from the third century well preserved shreds of fabric with patterns that feel contemporary. the fabric shows 200 different items. the majority from the victoria albert's own collection. luxurious clothes fo designed to show off wealth. the jewel beetles, parts ever bugs embellish a skirt. >> part of the exhibition is devoted to explain how fabric became a symbol of protest, national identity and inspired mahatma gunned di gandhi. >> a resistence movement grew encouraging people to buy indian products. >> this message of self reliance was important. and it inspired mahatma gandhi to ask for self rule. he saw how fabric could become the symbol of national identity. he called on the nation to spin, weave and wear their own cloth. >> the curators leather skirt and chiffon shirt are represented in the show. modern sar

speaking hindi told the crowd, you have changed the way the world looks at india.our fingers are responsible for that. >> it was meaningful. mr. modi represents hope to india in a way that very few people have, you know, inspired people in many, many years. he's more than a politician. i think of him as a teacher. >> he's bringing the goodness of india in front of all the country around the world. >> reporter: not everyone celebrated mr. modi as others protested outside the arena. and even from the air. mr. modi is the first prime minister of india to visit the united states in 33 years. and many parents here say he's inspiring their children. >> well, he's improving india, so -- >> reporter: the prime minister received a rock star's welcome with groups of people breaking out into impromptu chants of his name. many say they're inspired by the leader's humble beginnings. he started as a tea vendor and rose to become prime minister. they say in just 15 months he has already proven one man can make a difference. marianne favro, nbc bay area news. >>> india's prime min

jobs to raise india's standard of meeting. his meetings included mark his meetings included mark zuckerberg and jerry brown. >> i believe that he realizes he cannot be successful without silicon valley and frankly silicon valley is eager to help india moving forward. >> reporter: these santa clara university students are eager, too. eager to go back to india as soon as they graduate. >> we see a bright future for ourselves and that's what we have been waiting for, for a good change. >> reporter: a changing india that clearing has deep roots here in silicon valley. in san jose, lilian kim, abc 7 news. >>> president obama is set to meet with the prime minister this morning shortly after the president's address to the u.n. general assembly. aids say the speech will focus on diplomacy and peace fortunately solutions to global problems like the iran nuclear program. this afternoon he is expected to meet with russian president vladimir putin. the two are expected to talk about syria and how to deal with isis. >>> democrat hillary cl

made in india. zuckerberg reveals facebook's history. welcome to "first up," i am angie lau coming from hong kong, streaming on mobile and bloomberg.com. markets in asia, the first trading day in the week. new zealand climbs actually higher. the new zealand dollar is at $.63 u.s. cents. let's go over to japan. 225y 225 last -- nikkei closed up. futures in chicago point to a lower open this morning in asia. dollar-yen, a few markets closed. no training in hong kong after the mid autumn festival celebration. south korea is closed for harvest moon day. to the top story, reports from been given 10 has days to come up with a plan to fix it's in missions scandal. new details about the global scale of the issue. vw says no cars made in china were affected. shery ahn has the latest. shery: it continues to expand. the deadline is nearing. told vw car regulator to have a plan for if and when their cars will meet national emissions standards. that deadline is october 7. that is next week, wednesday. that deadline is coming up. vw says they will pre

as well. >> just as india forms a little bit of india, they are hoping to bring a little bit of silicon valley to india. >> time to catch up with sport. here is joe. >> swiss prosecutors will continue investigations into sepp blatter, after questioning him on friday on a raid on the officers of football's world body. sepp blatter was photographed cutting a lonely figure in zurich. after meeting with investigators pursuing him on questions of mismanagement and misappropriate reegs. switzerland and the u.s. are running probes into f.i.f.a. in a statement the swiss attorney general said the representative seized data from the private office. the investigation is focused on a tv rights deal signed with the former caribbean official jack warner, blatter is expected of making a payment of more than 2 billion to european football president. >> sports correspondent lee wellings says the latest development shouldn't come as a surprise. there has been turmoil at f.i.f.a. for many months, starting from the arrests from the fibromyalgia, and with the swiss, authorities, and the u.s. attorney-genera

we are starting with a giant strike in india today. : labor unions across india observed a one-day strikethis wednesday. 150 million people walked off the job against the government plan to reform labor laws. it is seen as the biggest show of strength yet since prime minister narendra modi took office. there are reports of clashes in several places in india. this video is from jennie garth in the indian--- is from tri nigar in the indian-controlled area of kashmir. they are trying -- they say they are tried to make life easier for indian businesses. hildebrand has been taking a closer look. how big was india's national strike, 150 million people did not go to work, figure equivalent of the night biggest country in the world. 10 out of the 12 major labor unions organized from affecting most sectors. the strike is believed to have cost of the indian economy 550 million euros. still, protesters say it was necessary. talks between the government and opposition broke down over the economic reforms proposed by prime minister narendra modi. in ayear mod iwon landslide over a promise to boost gro

and that is a huge market for india and what does that mean for the drug manufacturing industry in indiaa big blow. in my view, you know, this is not something we can just forget it. it's a very serious issue and we need to understand why this is happening and why does it happen and our concern is that as you have very rightly said india is globally known for making affordable medicines and making it accessible to the world over and we have sort of champions around the world to ensure that indian medicines reach the poorest of the poor around the world in terms of accessibility. so we feel very disheart ended and disappointed when such decisions come that countries ban import of india medicines because it denies access to medicines for the people around the world and there are a lot of u.s. citizens who access indian medicines so this kind of ban needs to become more transparent and we need to understand why this happens, is it the poor manufacturing practices, which they are found and how it is made transparent to ensure that, you know, processes improve and we continue to give good med

a chance to see indian prime minister. >> i like india a lot.'m very happy to see the prime minister. [ chants ] >> reporter: the line formed early and enthusiastically. >> i've been here 45 years in america, but never fallen in love with the prime minister of india yet. >> reporter: she is one of about 20,000 people expected here to see the prime minister. but not everyone is cheering his visit. [ chanting ] >> reporter: many from the sikh community gathered for a thumbs- down protest outside facebook, which hosted a town hall meeting this morning with the prime minister. >> we have objection to the prime minister, the indian system, which has inherent dna of killing the religious minority. >> reporter: the protests were countered by pro-moti chants across the street. our camera caught a glimpse of his car as he left. >> he is concentrating on technology and the national issues. >> reporter: tech, renewable energy and the environment were topics discussed this afternoon, as the prime minister and governor jerry brown met in san jose. from meeti

let's talk about india now. the biggest lender is expecting a rate cut from the country's central bank in just a little over 24 hours. the state bank of india chairwoman predicts inflation to fall below the r.b.i.'s target by year's end allowing room to move. she spoke exclusively with bloomberg in new york. >> we believe the inflation numbers will come up a little in the coming months but we still do expect to see the numbers coming at around 5% by the end of the year, which is really under shooting the target of 6%. why do we know this is going to happen? it is because we do have a lot of in house research that shows that there has been massive demand disruption as a result of which we have seen actually inflation coming down a lot. also given the fact that we are consuming nation, energy consuming and importing nation. it also affects all of these numbers as well. it is in fact seen right across the country and especially in the rural areas the demand has gone down quite a bit. so we bleeve that inflation is

he is pushing his india initiative.structure and encourage investing. >> india is an untapped market. a tremendous market to sell products. but also to invest in. >> reporter: experts say expect protests this weekend of the initiative. >> they don't believe there is enough safe guards for privacy. >> reporter: this prime minister represents great hope for the future of their businesses. >> he uses technology, he gets what people do. tends to grow. [ indiscernible ] >> reporter: and he says that is why the trip to silicon valley is stirring up so much excitement. >> people feel he is there to make a difference. not to become rich or anything like that. once you have } >>> the latest iphone went on sale today and they are in the hands of apple fans. the doors opened up at 8:00 a.m. this morning. they were looking forward to the video capabilities and the force touch technology that allows users to access different functions depending on how hard they press the screen. [ indiscernible ] >> there were also long lines in pal

it has been studied back in india by the students. they are space enthusiasts and gathered to mark the equinox and talk about the mars mission. >> i love to think about it. i want to be an astronaut. >> they have achieved greater height. >> we'll have technology oil demonstration that we can do it. that's the first goal. that is the biggest achievement we have. if you look at the attempts to go to the mosque, almost 50% of the times it's been a failure. and none of the countries reached mars in the first attempt. >> the mission is achieved on a small budget, around $73 million. it's over a tenth of the cost of n.a.s.a.'s maven spacecraft arrive two days before and doing research into the atmosphere. >> it's not na expensive. it's a minute amount of the g.d.p. and the advantage is it has produced high technology and trained people. >> there are five active spacecraft in orbit around mars. the oldest, the mars odyssey has been there since 2001. on the surface, n.a.s.a. has two rovers, a third was lost after it became irretrievably stuck

i am from india.gn language ] >> when i act i put my entire heart into it and i become the role that i'm playing and i feel my soul grow. this is my destressing place and sometimes i will put in ten, 11 hours at work and it's amazing how energized i feel. so in that sense it's like going home at the end of a really long day and eating mom's comfort food. ♪ ♪ i am rasha and i am in tenth grade, and when i grow up i want to be a doctor, but on the side i also want to pursue, like, dance as a side career. so, like, i have the best of both worlds. ♪ ♪ ♪ >> and each of us get in the car and you drive in to work and you go to the gym and you cook and eat and the whole thing repeats and i think the ultimate place where we all want to be is the ability to free ourselves from the shackles of mundane life. when you sing, when you dance, you really do give yourself, you give yourself freely and you would think, what do you get back in return and it's universal love? >> and in hinduism, we believe that the nobles

coven, japan, america, china, india account for 45% of global growth here.en do you see this -- when you see this data, when you take a look at the slowing of global growth, are you excited about the opportunities or is this keeping you up at night? >> as we said earlier, the , you're going to see volatility in markets. for companies like ours, if not a great concern because our long-term interest is generated by what happening in china. say anyone bit of data coming out sheets me awake and i. -- awake at night. angie: what does keep you up at night? >> the level of progress china is making in this transformational progress to move to a consumption driven economy. wheth that successful or not is important to everybody's interests in this part of the world. thus far, it looks on track. angie: just have to keep your and your eye on the prize as the often do. they do so much. the bloomberg markets most influential summit for 2015 happens next tuesday with event in new york to london, and hong kong. in conjunction with bloomberg markets, the 50 most influential

you can't compare india with japan and japan can't compare with china and china can't compare with indiayou could probably compare japan with the u.s., to some extent. simon: we think all of these economies have looked other ones in history for inspiration. india is trying to emulate chinese manufacturing success. china has based a lot of its economic strategy over the past decades on japan's industrial revolution. japan looked to america for inspiration in the early years. they started trading ideas. there have been times in their history where they have seen continually -- continuity between their experiences. the more immediate question is how all of them deal with underperformance, low growth, under inflation -- low growth, inflation, and room to recover. rishaad: india has only recently had a problem. they are addressing it. simon: that inflation has fallen much faster than people expected. i think india's previous problem with stagflation, low growth and embedded inflationary psychology -- all four have benefited from stronger spending, stronger demand. question is whether they wil

and india. >> this man is the president of the silicon valley india professional association. he supports the digital india plan. the prime minister's initiative to create more tech jobs. >> we can help india and they can help us. it's all about exchanging information, to share economy. >> during the prime minister's bay area visit, he'll meet with leaders of facebook, tez law, and google before meeting president obama on monday. >> it's not going to be successful for americans. >> this man will protest outside the shark tank on sunday. he says he wants americans to be aware of the human rights violations he's accused of, including forcible religious conversion. >> we do want american business to flourish, but not at the cost of the religious freedom of the minority. >> there will be heightened security on buses, deverted around the s.a.p. arena and some delays on trains due to security treks and don't forget about all the road closures because of the half marathon. michelle roberts, nbc bay area news. >> a lot of excitement and controversy for his visit tomorrow. >>> new at 5

one thing he could possibly do, loosen the quiddity in india. liquidity in india.r now, the transmission mechanism, the effectiveness is 70%.en 40 and talk about's inflation. what is your projection for inflation now given the fact that the rout in commodities will not see an end. and may your outlook for the rupee as well. >> i will handle the inflation part first. mostrms of disinflation, of the disinflation for oil has been coming through. in terms of the prices, the prices remain low. the disinflation affect will begin to win. begin,flation could five-6% which is what the r.b.i. is looking for in terms of consumer inflation. major --l not be unless things happen on the commodity side. therupee, we are looking at rupee losing ground initially despite low oil prices. it will be more influenced by the rout of funds from emerging markets. we are looking at the rupee strengthening gradually in 2016. it will target 62 against the dollar by the end of the year. right now, we are looking at 58. yvonne: some initial downward pressure for the currency. the governor did a

is the nepal city, and the other is india.this border point is one of the most important points for nepal as almost all imports come through this check point. but as you can see, nothing is moving, and it's been almost a week. as a land-locked country, nepal is entirely reliant on its imports from india. many see the blockade as a welcome pressure for kathmandu. >> translator: today [ inaudible ] suffering our indian neighbors are putting bombs on our wounds, what is wrong with that? >> reporter: this area has been under an enforced shut down. the root of the process has been nepal's new constitution. people say that the constitution does not give them enough fair eventation in the national assembly. they are also against the current demarcation of the federal state. coupled with delays on the indian side, and process over here, the problem has been getting worse. earlier we talked to who is perceived to be the next prime minister of nepal. >> [ inaudible ] and you asked how long it can survive? this cannot been the [ inaudibl

guy: you mentioned india. nigel is staying with us. india cutting rates by 50 basis points.taking their rates to 6.75 from 7.25. we pulled a lot of economists, 52 of them. only one suggested that we would see a 50 basis point cut. anding by with details. why such a big cut, why this 50 basis points? that caught the markets by surprise. 51 economists we surveyed cut.ted there was not is reflecting the global concerns. he has decided to bite the bullet and take that 50 point basis cut. is a commentary on inflation. inflation has the biggest that the governor has been working with. rope walk. a tight beennflation forecast has cut to five point 8%. it is at 6%. expectation for growth has been revised downward. this is when the -- one of the key reasons that is being watched. will be aecting there pickup in growth for the next fiscal at about 8%. the focus really is going to be on whattion, perhaps the fed will do and how the governor is going to react to that. as far as inflation goes, that makes up 50% of the consumer price inflation basket. we have had [inaudible] the biggest

last year, india joined an elite club by sending an orbiter to mars.iant fifa president says he has done nothing wrong and will not stand down after switzerland opened an investigation into other soccer officials. he says they are cooperating fully with the inquiry into the suspected criminal mismanagement and misappropriation. it could also derail a run for the fee for presidency -- the fifa presidency. zimbabwean hunter that let the expedition that killed settle the line has asked for his charges to be thrown out of court. he argues that the charges are unclear and not a criminal offense. .e denies any wrongdoing ecil wasold settle -- c distinctive for his black mane. we are living in the age of the data. a time when the volume, velocity, and variety of digital i-formation is growing exponentially each year. my next gets company is on a tosion to deliver products people and businesses to visualize and understand the ever expanding mass of data they need to deal with. vice president of the eaua-pacific of tabl software. thank you for joining us. appre