but not everyone is pleased with modi's approach.ay it favors big business at the expense of the poor, including thousands who once lived in this gentrified area. the families living in this decrepit industrial location say they lived for years along the riverfront when all of a sudden they were abruptly displaced and moved here, given tiny plots of land and nothing more to restart their lives. >> ( translated ): we are just day laborers, said this man. the city-- at least an hour's bus ride away-- is where the work is, they said. but bus fare now takes half of their meager earnings; around three dollars a day. >> ( translated ): we're right by a garbage dump and when it rains this place floods and the water brings it all in. >> the water is bad, we have to walk really far to latrines. we have a lot of difficulties. we're forced to live like animals. >> modi is a very good showman. he knows how to project things. but that is about all. >> reporter: shabnam hashmi founded a human rights group that advocates for marginalized communitie

now there's a translator there for prime minister modi. let's continue. >> -- on all countries, on all governments and on all peoples. thank you. >> last question. >> thank you. good evening to both honorable prime minister and president barack obama. my question is for prime minister narendra modi but let me first congratulate both of you for taking the relationship forward more specifically on nuclear deal -- [ speaking foreign language ] [ speaking foreign language ] thank you. [ speaking foreign language ] [ speaking foreign language ] >>> indian prime minister modi there speaking, no translator there. but earlier said that he is excited with the confidence in the new relationship with the united states with the centerpiece being this deal struck with civil nuclear trade there. and essentially that meaning that this agreement on relaxing requirements on the liability of supplies to india in the event of a nuclear accident and also the u.s. agreement in that in that deal and its demand in able to try whereabouts of nuclear material and

right now he's meeting with indian prime minister nor ren da modi.y have strong culture ties but the relations between the two countries became strained in recent years. there are disagreements about climate, trade and restrictions with pack tan. they hope to translate that trip into diplomatic progress. cnn's white house koorpt michelle kusinski is traveling with the president. first, the president has described the friendship between the u.s. and india as one of the defining relationships of the 21st century. is that what you've witnessed so far? >> we've heard the white house talk about this for months now, especially when prime minister modi shortly after he was elected, one of the first big trips he made was to the united states. he spent a week there spending quite a a lot of time with president obama. even though there was the controversy over modi not really having a visa to be in the u.s. of course as head of state that nullifies that and he's certainly able to visit. but this time around with president obama visiting india, it's really sign

the obama administration is hoping modi can change that.riority: changing indian laws that would make it easier for american companies to build nuclear power plants. >> would also help with the other u.s. priority for this trip: getting indiana to commit to steps for climate change. the u.s. is downplaying talks of a major bargain. >> indian is too far and far behind china in development to commit to such targets. >> the obama administration is aware that this trip could be interpreted as much more than just a three-day visit. they insist he isn't picking sued between india and pakistan because president obama had never been to pakistan and in another first, he is the first u.s. president to visit india twice while in. patty colhane, al jazeera, washington. >> joining us now is the new bob gupta, as senior program officer for the asian society policy institute in new york city. thank you for joining united states. let's pick up on the way patty end that had story, the first u.s. president to visit india twice. why? he is also the first to b

modi expediting.fact, let's hear prime minister modi on the ease of doing business. >> [inaudible] let us join hands. let us work together for progress. >> even so, there is a big backlog of plans waiting approval, $200 billion of projects. mr. modi has seen his policy proposals stalling in the upper house. >> thank you very much indeed for that. just about 20 minutes to go before things get started. let's take a look at what the prospects of the trading day are at the moment. futures currently indicating that we have a slack session actually. nifty futures down by about 0.25%. we are also checking in with tokyo. normally, you would be looking forward to a reopening. there is a holiday there. this is a move down for the australian market. weakness in seoul is apparent. 0.2% down. here in hong kong, hutchison whampoa and cheung kong holdings leading a charge on the hang seng. ♪ >> a major development in the air asia search. the flight data recorder is brought to the surface. the hang seng is the leadin

modi being the new prime minister. he is seen as a reformer who really wants to modernize those parts of india that are not. he has been traveling around and it's written he has been promising every state that he visits 24-hour electricity. i mean, i think that is interesting for us in the states to hear that that is not a reality yet for many parts of india, but that is what he wants to accomplish. and other governments are hearing him make those promises and thinking something is going to have to happen. they have to have a lot more nuclear power some way of meeting those promises. that laid the groundwork for some kind of deal to be made. it's really a possibility this has happened now. also just modernizing the relationships. after more than a decade of working on a deal like this both sides possibly now coming to a realization there has been to give and take and relaxer of those stricters on both sides. >> tom, before the top of the hour we discussed the 2014 mumbai attacks and what the president has described as

modi has asserted himself in shaping india's foreign relations.rprised the world last may by inviting the pakistani prime minister and other regional leaders to his inauguration ceremony. he's also been quick to seek out high-profile meetings with other leaders including japanese prime minister shinzo abe. >>> indonesian investigators have shed more light on last month's airasia crash. they say the co-pilot was at the controls when the plane plunged into the java sea. the plane was carrying more than 160 people. officials from indonesia's national transportation safety committee say the co-pilot was french. they say the captain was sitting beside him and monitoring his work. investigators say the co-pilot was flying at 32,000 feet then made a steep climb to avoid clouds. they say the plane ascended 3,000 feet in 30 seconds, then stalled and crashed into the java sea. the aircraft had taken off from the indonesian city of surabaya bound for singapore. it was carrying 162 people. 70 bodies have been recovered. investigators say they'll keep analyzin

india has elected modi.e has been elected with the big event majority that we have seen of any indian government since the 1994 election. so, it's been 30 years. >> gives you him room to be decisive and he has decided that the united states is going to be a keep partner, both in terms of economic development and in terms of military modernization. so to modi's credit he has reached out to obama. to obama's credit he has reciprocated. the ideas an the naernling we see have really been coming mostly from the indian side we mentioned growth in trade between the two nations. is that something going to be a big part of these current run of talks? >> the india/u.s. trade is much more than it used to be. it's about $100,000,000,000 but it's an it's annemic if you compare it to say, u.s. china trade. so transition great potential for a deeper trade relationship. >> okay. thank you very much indeed for your analysis. >> thank you for having me. >> >>. >> opposition supporters have been protesting against food shortag

[applause] >> thank you, prime minister narendra modi for those wonderful words. i want to thank india for the incredible hospitality that has been shown to me and michelle. we're thrilled to be here in india.

barack obama was invited by prime minister modi. that he accepted to attend the spectacle of india's military strength has been viewed as an endorsement of mr. modi's leadership. yesterday, the two nations announced a new declaration of friendship. cooperation on defense was agreed on a hope that many of the guns and tanks rolling by in the future would be supplied by america, to become a bigger player in india's multi-billion-dollar defense market. this parade is known for the indian troops on display, but it also showcases the diversity and colors of india's various states. now, this happens every year on republic day, but this particular one is being viewed as special, because it's the first time the president of the united states of america is the chief guest. what was also different this year was that for the first time, an all-women contingent was marching. women was the theme of the parade, in a country that's repeatedly been in the spotlight for crimes against women. people came out as thousands to watch, sheltering themselv

hours of talks between president obama and prime minister modi. they announced progress on climate change in a country with 13 of the 20 most polluted cities and made a breakthrough understanding on a nuclear power deal. also overshadowing the substance, though is talk of the close friendship that they say has aided the progress. >> it's clear from this visit that we have a new and perhaps unpress departmented opportunity. >> our relationship stands at a new level today. >> reporter: it's a remarkable turnaround since just a year ago since modi couldn't get a visa to come to the u.s. the two bonded in his visit to d.c. after his election. modi surprised the white house with an unprecedented invitation to the india's biggest annual celebration, the parade. there's been a three day lock down for security purposes. these are some just some of the 50,000 security perm that will be across delhi on parade day. the president is expected to ride to the parade stand in the armored limo known as the beast. >> what he's saying is he wants this relationship t

opposition parties criticized modi's silence and delayed parliamentary debate on economic reform. >>translator: the prime minister must respond to our questions in order for the present situation to calm down. >> reporter: leaders of india's minority religions, including islam, have voiced concern. >> the prime minister also, he is our minister also. the silence of modi appealing to muslims, unsafe. >> reporter: this is a country of different religion and ethnicities. minorities are closely watching how the newly elected federal government responds to moves against india's diverse religious culture. neha gupta, nhk world, new delhi. >> that wraps up our bulletin. i'm patchari raksawong in bangkok. >>> japanese space buffs are planning a giant leap for pop culture. they hope to recreate a scene from their favorite anime show "on the moon." the team got inspiration from a series called "neon genesis." a character hurls a spear that pierces the lunar surface. members want to launch a device that can do the same. the group is appealing for funds online. they hope to raise more than $850,

it's president obama's first visit since narendra modi's victory in may. both leaders talked about a long list of partnership from defense through to energy. what is the big announcement? >> yes, good description, a long list. you have everything from the renewal of defense ties which is significant given the regional climate in south asia at the moment and green technology something that american companies are interested in helping india to develop. as the economy grows, and taxation of indian nationals, and how they can recover the money and how they work in the short term. the big ticket item both leaders are saying a deal has been signed. there's admin to work out. it's hard to get clarity on the details of that which will be important in the hours and days as this is analysed in india and oi bread. >> regional security was a big talking point. what have they agreed going forward? >> it was. in terms of regional security you are looking at counterterror. >> occupies being the key line between narendra modi and president obama. interestingly prime minis

you think modi about -- will in the car? >> yes. >> issue three. the cyberwars. >> when "the mclaughlin group" first aired, there was no internet. we, the public, were still over a decade away from internet access. today the internet offers information that is almost infinite. likewise, business and social opportunities on the net. but there's another side to the coin. in recent months, terms like cyber crime and cyber terrorism have gained ubiquitous media coverage. whether the hacking of major corporations like sony pictures or the effort by jihadists to recruit terrorists towards violence or the schemes by organized criminals to steal personal information stored online or to share illegal material beyond police investigators, humankind is learning that there's a dark side to the internet. so, late to the game, world leaders are trying to catch up with the internet. this week, british prime minister david cameron met with president obama to discuss internet crime. prime minister cameron is particularly concerned that terrorists are using encrypte

modi sitting together in the public day parade? >> through a microscope. they have already commented several times on mr. obama's visit to india. that shows right away they are concerned about it. even when they say they are not concerned about it, they are. and i can tell you from my time in india when i lived there as the president ambassador in 2009 , 2010, 2011, when the president -- when i left as the minister in 2010, the president at -- asked a lot of questions about india, and not just general questions. it president was saying we need to have more strategic discussions about china. we have similar interests in them. we both want to see them succeed and be prosperous, but we also have concerns about their aspirations and the way they are flexing their muscles will stop -- their muscles. >> good to see you. after months of intense fighting, kurdish forces in syria today have now regained control of the town of co bonnie -- of kobane from islamic militants. superlatives are highly justified. historic and dangerous are just a couple of the words used

and the new leaders narendra modi and barack obama if that was 2010 certainly will be the figures to watch later this afternoon. >> gives an idea of the discussions between the two leaders, there will be between security of asia and perhaps the wider region. >> absolutely. well put india in context you are looking at it as a leadership role where america is counting on india to perhaps provide more of leadership when it comes to development when it comes to providing safety and security across the region. one country that will certainly be a talking point is pakistan. from observers on the one hand the indian authorities are well aware the united states condemns the potential or alleged involvement of the pakistani state in cross border conflicts that involve india. but you are giving pakistan billions of dollars of aid that will be a talking point, it will be interesting how both leaders phrase the strategies that they might be talking on as they talk to the press. >> to be a bit of a tourist but a change to the u.s. president's itinerary, his tour itinerary? >> yes absolutely. taj

prime minister modi said they have -- have to reduce emissions.ts are just is moving toward joining the international deal on curbing greenhouse gases. china is calling for foreign powers to move the economy. its latest move is boasting their restrictions. let's get over there. christine, a good morning. what are they planning? >> they are trying to make it easier for professionals and sectors to live and work here to ask and the original plan to allow more sectors to qualify. the first set of these not only to come in a but to a. -- but to stay. there are originals each year. this latest move allow more people to actually be able to apply. and then intensive, often generates tax incentives, insurance and so on. this program allows us to these. -- subsidies. this is a very important for the new direction in the chinese economy. it amused the high level for intelligent -- it means the high level for intelligence. it has been a closed economy for many years. they will have to catch up in many, many areas to read -- to reach the level. it has to act

president obama arrived in new delhi this morning and greeted by modi on the tarmac.his is his second visit to the nation. >> let's talk more about the president's visit with our white house correspondent michelle kosinski who is live from new delhi and our cnn analyst tom fuentes on the phone from washington. michelle, we heard this wrapping up here. they each took one question apiece and it lasted for about 40 minutes or so. what was the takeaway that you got from president obama? because he was asked a number of things, but, more specifically, on some of the crises that we have seen, particularly out of yemen. >> reporter: yeah, i think it's clear that they covered a range of topics. everything that is important in that bilateral relationship. the real headline is the reaching of an agreement, not signed on the dotted line yet. it doesn't assigned like. but what president obama defined as a breakthrough understanding in the civil nuclear agreement. the ability of companies in the united states to participate in indiana, to build nuclear reactors without threat of l

prime minister modi accused of human rights violations when he was a governor of a state. and yet they seek to find some common ground. he's -- you know prodigy or he's from a tea seller's family and obama of course is from an outsider's family in the american elite establishment. and both of them came to the highest office and they seem to have shared a passion for technology ambition, and modi for the first time, not for the first time but one of the few indian leaders who wants to play a role on the world stage and he recognizes that china is not going to necessarily make that easy for him. and the united states wants to. help promote him as a world leader. gwen: peter, has the white house acknowledged that part of the motivation for going to saudi arabia is so much stress and so many of our ally relationships, saudi arabia, which thought we should have been in syria and what we see benjamin netanyahu and israel, even egypt? >> yemen right next door is saudi arabia the day before the king passed or the same day the king passed away, the president of yemen falls in -- an

narendra modi emphasized that his government was committed to transparency. we have this update. >> this is the largest avatar of the conference so far. eight foreign countries are partnering this year. some are involved here for the first time. in previous years the other countries had boy contract narendra modi because of his alleged involvement in communal riots in 2002 when he was chief minister. now that he's primary minister many foreign countries are going out of their way to do business with the new government. that can be seen with foreign company hits dignitaries on the other side of the gate there most note notably secretary of state john kerry and u.n. secretary general ban ki-moon. in the same time for the past three years it was completely the bureaucracy and tax system was simplified making business easy to do. many foreign companies are now hoping that narendra modi has gone from chief minister to prime minister of the country will mean that india will finally be open for business. >> in pakistan, a passenger bus collided with a fuel tanker. t

what are the president's foreign-policy priorities with modi?e interesting thing -- i mentioned the parade -- many of the military vehicles tanks, planes, helicopters, where russian-provided. you have a president sitting there watching russian arms moving past him. when i was told is that there were a few boeing-produced military vehicles as well. you see the u.s. trying to enter that market. on defense and more broadly on investment and trade, when you see the president and top officials doing is looking to expand relationships. there is a ceo meeting going on right now and the president has been doing this in every major international visit he makes. the big push is that the u.s. wants to enter that market in a major way. >> phil, what is the indian lobby in congress? it is always important that congress has his back. is there an india lobby in congress? >> there is. it exists. it is not as powerful as the other strategically placed countries in the united states. but it exists and it is mostly positive. when it comes to india there was a was

the obama administration is hoping that narendra modi can hope that. one priority, changing american laws to make it easier for american companies to build new nuclear power plants. and getting india to commit to steps combating climate change. the u.s. is down playing expectations of a major environmental announcement. >> there is no way that the u.s. and india are going to strike a bargain akin to what the u.s. and china did. india is too poor and for a behind china in its development to commit to some targets. >> the obama administration is aware this is more than a three-day visit he insists he isn't picking sides between india and pakistan. he is the first u.s. president to visit india twice while in office. >> bokoboko haram fighters attacked a city outside of maiduguri, a city that has seen several attacks since 2009. the democratic republic of congo has overturned senate has overturned the proposed bill to delay next year's presidential election. some fear it was an attempt by the president to cling to power. >> here at parliament in con congo

. >> president obama has a big fan, narendra modi, the leader of the worlds most populous democracy, billion 250 million people, and potentially, the worlds next superpower. india. visiting the vast nation earlier this week, president obama was met by indian prime minister modi with an airport hug a sure sign of presidential rapport. president obama was also honored by an invitation to participate in indias republic day parade the first us president to do so. after viewing indias military hardware the two leaders agreed to a landmark deal that will expand defense trade and allow us companies to help india develop its civilian nuclear power. within ten years, mr. obama also hopes to increase us-india trade to $500 billion dollars annually. >> question, how long have these agreements been under investigation, eleanor clift? >> it was during the george w. bush administration that this country basically gave our endorsement to the development of nuclear weapons in india, and so the terms of that and are terms of how american nuclear industry would deal with that have been really in vario

we might call it the modi dividend. >> the modi effect. >> the prospect of change as well. >> you have kind of stable macro environment. you have commodity prices softening as well as a pickup in demand showing that in terms of equities and business sentiment, definitely heading to a very strong spot. we've seen the most upgrades already. construction telecommunications pharmaceuticals, let's bring in the numbers. the upgrade to downgrade ratio. 170 local borrowers last year. compare that to 539 people that they cut ratings. company wise, the s&p unit upgraded 740. they downgraded 451. they are turning the ratio bullish for the first time in 30 months in terms of the companies. let's look at the equities too. the sensex on the rise. 57 percent, compare that to the emerging markets. it is leading the msci index right now. compare that to emerging markets. let's take a listen at the prime minister real quick. >> [inaudible] let us join hands. let us work together. >> we really haven't seen modi really revive this economy. >> he has a lot of red tape. >> that is for sure right now. the on

they think modi's visit to the united states last year has inspired american companies. >> there haven a lot of exchange of delegations up and down essentially trying to figure out what are the challenges what is preventing investments from flowing in? >> if the ceiling of their nuclear deal is anything to go by both governments seem willing to make concessions. for india, this has meant companies to bypass their strict clause that holds companies responsible in the event of an accident. >> it's really where the solution lies and as long as that is agreed upon and accepted i think the mechanics can be worked out in near time. >> reporter: the new indian government is refocusing its foreign and economic policies. for years it has worked closely with russia. and the message to the american president is simple. we're also happy to do business with you. >>> the slump in oil prices is a benefit for india, but overall the health of the global economy is still in question. there's concern that that might hurt american businesses too. but the u.s. secretary of commerce tells me it's all about

for a decade modi wasn't allowed in the u.s. there was a lavish welcome ceremony, visit to a memorial for gandhi. the question is whether this will translate to tangible action. the leaders today worked for almost four hours, talked about climate change came to an agreement on nuclear power, trade discussions are coming up that will include american ceos. also they share concern over safe havens for terrorists in pakistan. they capped it with a news conference where modi talked about their personal chemistry. tonight, the hottest ticket is a state dinner and all the speculation in local media is over yes, what will michelle obama wear. >> i can't say i'm surprised. thank you. >>> atlanta's heart filled jackson airport opens after a bomb scare closed it down on saturday. passengers were showed off after credible threats were made. the threats were made against a delta flight from portland oregon and a southwest plane from milwaukee. nothing was found. >>> a fire turned into an overnight battle for firefighters in southern califor

modi has promised to deliver that by 2019.ght along former counsel to president clinton, now an adviser to climate issues, to push forward the pollution issues. is a key challenge as the united nations pushes towards the millennium climate goals. security, maritime issues, and a note on the south china sea. this is certainly going to spark the interest of china. >> china no doubt taking note of that. coming up next, why our next guest says the ruby is the most vulnerable currency in asia. >> markets trading in the asia-pacific, and all eyes are on europe. greece and the outcome of the election is weighing on the euro. nikkei, .8% down. your seeing fractional selloff in south korea. about .5% down. n,t's bring in tim condo joining us with more on the markets. let's talk a little bit about what is happening in europe. we do not often see it blow through here in asia. but it is now. what is the sentiment playing out amongst investors? in a word, it is greek exit. looksa's victory like they will form a government, even if it is no

modi tops position himself as a reformer. as someone who is a major player on the world stage.e was calling the relationship between the u.s. and india a natural partnership. so that kind of language too, is very significant especially given what we've seen with past administrations in india. at times wanting to downplay the relationship with the u.s. as they built up other partnerships with russia with china. other trade partnerships that were seen as more significant. now the u.s./india relationship is seen as a big deal moving forward, moving india forward. they're looking at defense technology that they're going to be working on together. a large addition in trade and other areas that even though it may be in early stage now, nothing necessarily inked and signed on the line it looks like there is much more to come errol. >> i guess the key question is will that include yet another bro hug for local media to obsess over? joining us live from new delhi approaching 1:00 in the afternoon. thanks. >>> our fareed zakaria will sit down with president obama while he's in new delhi

it's his first visit since modi's election victory in may. liddy dutt joining us. a number of political issues to discuss. where do you want to begin? >> let's begin with a comment that's being reported in the indian press that president barack obama has reportedly made this morning suggesting in terms of the welcome he's received that you have been speaking about that this one might be hard to top. so it just goes to show that it's been noted just how big and how official the welcome has been and to what scale the indian authorities have gone to make the president and the first lady feel welcome. but in terms of the big deals we should really talk about civil nuclear, that is being touted as perhaps the big item up for discussion this afternoon. and if in fact a deal is announced, to allow more american investment in india's civil nuclear energy space which is hugely lucrative india needs to build more of these facilities it could have ramifications for other countries that are trying to do the same thing namely france japan as well as russia. huge implications an

i'm seema mody. >> wti hovers around $47. >> european markets and the euro steady ahead of key inflation data that's expected to show the eurozone has fallen into deflation. >>> sainsbury shares rally after delivering a strong christmas performance, but the cfo says the uk super market won't be rewarding investors just yet. >> we anticipate paying out the load this year than last year. but with all of that said i think the core of the business remains strong. >>> hopes are raised of finding the black box recorder as recovery teams locate the plane's tail under water. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the show. lots of data coming out of europe today. the latest that has just broken is italy's jobless rate which for november has hit 13.4%. that picks up from 13.2% in october. this is the november reading that we're getting. it's had highest rate since the data series began back in 1977. so the fundamental weakness in th

foreign companies are hoping that narendra modi who went from chief minister to the prime minister will mean that india is open for business. >> a round of peace talks between libya's warring factions. to the north and south of benghazi that is where six people have been killed between - in the fighting between the army >>> egypt's president has been celebrating judiciary independent of the system. he has been careful not to interfere in the affairs. human rights groups criticized war after fast-tracking childhood for members of the banned muslim brotherhood. the three journalists have been imprisoned in egypt for more than a year. peter greste, mohamed fadel fahmy and baher mohamed were wrongly accused of broadcasting false news and helping the outlawed muslim brotherhood. charges they deny. an appeals court ordered a retrial that could begin within a month >>> at least three houthi fighters have been killed after their patrol car was hit in the central area. no one claimed responsibility for the attack. al qaeda fighters have been targetting houthis in the area >>> in nigeria, at leas

the obama administration is hoping that modi can change that. one priority, changing indian laws that would make it easier for americans to build nuclear power plants, and getting india to commit to stept to steps against climate change. >> there is no way that india will spike a bargain with u.s. like china did. india is too poor to commitment to such targets. >> there are some that this is more than a three-day trip to india, but that obama is taking sides between india and pakistan pakistan. but the president denies this. it is the secondhe is the first president to visit india twice. >> in venezuela problems are made worse by falling oil prices prices. >> a day in the life of a venezuelaen shopper. this is a sad daily reality. many stand in crowds daily to buy diapers. tempers rising as quickly as the heat. >> they're trying to jump the queues and others are selling places in line. >> no wonder others are firous. it is now 11:25 in the morning. given the length of this line it will be 5:00 before anyone reaches the registers if there is anyt

indian women and want modi government to take action. cv says we trend #india with pakistan in turn pakistan trends rape public day on our republic today. how profound. there was outrage from pakistanis. marian says, why not in our own nation before pointing fingers. tries to make peace tweeting, i'd like to extend my greetings to every indian on the republic day. let us know what you think @ajconsiderthis. antonio back to you. >> a threat to pull military support from nigeria despite major advances against boko haram terrorists. answer... >> is a chance at a better life worth leaving loved ones behind? >> did omar get a chance to tell you goodbye before he left? >> which side of the fence are you on? >> sometimes immigration is the only alternative people have. borderland only on al jazeera america >> secretary of state john kerry visited nigeria this weekend in the midst of an expanding war the country faces with the boko haram terrorist group. secretary kerry warned nigeria's presidential candidates that future military support from t

this is what we can call the modi effect. is that what we are seeing now across india? to do, you saw the stock market reflect the optimism when he got elected. what he needs to do is do a couple of things. one is the tax. taxes in india are so open a. -- are so opaque. you have no rights to intellectual property. the judges sometimes do not give you rulings. the other one is majority investments. >> we see this in the u.s.. >> we are honored to have you here. let's bring this back. bombay is on the west side of india. it has been the american-like capitalistic success that has propelled modi to his election. who is he meeting? ahead of a diverse india or a capitalist? >> of both. he is representing all different sides. you have the socialist side that we do not want to give up. you have the other side where he wants every person there to rise up to the middle class and above. that combination is harder than modi thought it was going to be because india is stuck in a bureaucratic nightmare. >> the infrastructure investment is under way. it is being built from mumbai to

indian women and want modi government to take action. cv says we trend #india with pakistan, in turn pakistan trends rape public day on our republic today. how profound. there was outrage from pakistanis. marian says, why not in our own nation before pointing fingers. tries to make peace tweeting i'd like to extend my greetings to every indian on the republic day. let us know what you think @ajconsiderthis. antonio back to you. >> a threat to pull military support from nigeria despite major advances against boko haram terrorists. ists >> you know how they say that everybody has a purpose in life? well, at one time, i felt that selling cocaine was my purpose. >> we was starvin', just lookin' for a way to succeed. >> the first time i seen rock cocaine was 1980. >> the murder rate was sky-high. >> south of the 10 freeway, was kind of a "no-man's land". >> you know, we're selling it for the blacks. i said, you go into these neighborhoods, there's no cops you can sell it where you want and when they start killing each other, nobody cares. >>

. >> seema mody has reaction from london london. >> r t financial capital cheer the massive stimulus move and we saw that play out. the investors rotating out of european bonds into equities. in fact investors setting the 100 stocks listed on the london stock exchange up by around 1%. but really had participants in london talking was the big move and best in seven years against the euro. the strengthening pound something the bank of england is watching closely since along with plunging oil prices have capped inflation in the u.k. well below its central bank target of 2%. so what is a weaker euro versus a pound mean for the consumer here in london as well as the u.k.? well it means goods in britain will be less expensive, perhaps making them more attractive another boon for the u.k. consumer which is already enjoying low unemployment and a recent pick-up in wages. for "nightly business report," i'm seema mody in london. >> and geoff cutmore now with more from the world economic forum in davos, switzerland. >> the reaction to the european central bank's announcement here at the world e

[applause] >> thank you, prime minister narendra modi for those wonderful words. i want to thank india for the incredible hospitality that has been shown to me and michelle. we're thrilled to be here in india. mr. prime minister, thank you for joining the invitation. i'm honored to be the first american president to enjoy this celebration, as well as the first american president to visit india twice. this reflects my presidency to deepen our ties with india. all who believe that a strong relationship with india is critical for america's success in the 21st century. as two great democracies two innovative economies two societies dedicated to the empowerment of our people, including millions of partners. when i addressed your parliament on my last visit i laid out my vision of how india and the united states could build a defining partnership for the 21st century. and since then we've made significant progress. our trade has increased. our militaryies exercise together more. we're cooperating on key global challenges from nuclear proliferation to global health. mr.

the modi visit has gone very well. he was here about two months ago. it went very well. >> modi coming here -- >> he was in new york and washington. >> i meant the president coming -- the president is going to india. you scared me that i missed it. >> you did not miss it, no. that is a historic visit. >> with respect to this president, he seems to really want to do something about iran. >> i think he really believes that there was a chance. >> he no longer believes? he continues to write letters to the leader. >> susan rice doesn't believe anymore. i think at best she is 50-50. i think she's gone pessimistic. people i talk to have gone pessimistic. they think the window has closed. i think it is closing for the simple reason that it has gotten messier. what was great about the initiative jewish nation's -- the initial negotiations is -- >> if you could pull off something with iran, it seems to me that is a big deal. >> it is a big deal. >> here it is, eurasia group, top risk 2015. the effects of china slowdown, isis beyond iraq and syria, a rise of str

conference with indian prime minister modi. >> i'm suzanne malveaux in for christi paul. >> i'm victor blackwell. goods to be with you. this new era is a dawning of a new era. a short time ago president obama wrapped up a joint conference there. they addressed everything from climate change to better nuclear cooperation. president obama arrived in new delhi this morning, as we said greeted by modi at the tarmac. this is not the usual protocol, that's why we point it out. it shows that they actually had a personal affinity for one another. >> president obama will be the first u.s. leader to attend india's republic day parade. tomorrow there's the special occasion. the first u.s. president to visit india twice. >> we'll go to new delhi. michelle, we followed this earlier this morning, very early, as a matter of fact. what was the highlight, the take away that you heard from the press conference? >> reporter: hi, suzanne. well, both sides wanted to highlight the deepening of this relationship and cooperation on a number of levels. civil nuclear agreement that they're working on. climate c