how is it possible to survive and 20 rupees a day?dia's new poverty line allies well below internationally recognized the levels. the reduced level means many indians could lose state- sponsored assistance, like food rations and cheaper fuel. the opposition and experts alike say the change is unrealistic and out of touch. >> it is very small amount, and under this, you know, not many -- it is one way of reducing the number of poor. >> the laundry worker from delhi is aware of his country's social problems. he and his wife would like to have children one day, and he worries that he will not be able to afford to pay for their he wants the indian government to raise the poverty level, not lower it. >> it change of pace now. soccer news. german coach what team -- joacdhim low has chosen players. >> there is one surprise player who will be getting a chance to line up for germany. >> the surprise name on the list is the uncapped 18-year-old from a shotgun -- shalke. it is because of the huge potential. the goalkeeper has had a tremendous se

i gather the rupee is lower against the dollar. >> investors are getting out of what they perceive as risky at the moment. they think the indian currency is risky. they have dumped it. it is a huge headache for a country that imports more than it exports especially, the things that it buys in the u.s. dollar, like oil. since investors do not have any confidence at the moment, does intervention really work? >> any intervention will have a limited impact. just last week, as well, it issued a new measure to stop exporters or to ask exporters to convert half of their foreign currency holdings into rupees. as leasing, it hit new record lows today. many expect that the rupee will remain very weak. >> and so will the global worries. >> thank you very much. >> liberian ex-president charles taylor has been addressing the tribunal at the international criminal court, which recently found him guilty of war crimes in neighboring sierra leone. he is the first head of state in modern times to be convicted of an international tribunal. this was his last chance to have his say before he is sentenced

do you expect that to continue to weigh on the rupee?ould mention we have comments from an indian official talking to reporters saying there's no possibility through retailers can roll back the gasoline price hike. so they're serious about it. >> they have to be serious about it. going from here, i guess we have to both consider from where it was coming from. so we have seen a big move in the rupee and the currency has cheapened significantly. so we need a policy reaction and i'm convinced we'll see a policy reaction. and one needs to be more careful. >> all right. more with hans in a little bit. but still to come, we'll get a second reading on uk first quarter gdp,s that been revised in the right direction. >> up our down, yeah. a lot of debate about that. plus china's factory growth slipping again. will the country be facing a harder landing than previously thought. of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. but if you take away the faces on the trees... take away the pixie dust. take away the

it's not new that we've been seeing record lows for the rupee itself.ected oil prices will increase going forward. with that, it's back to you. >> we want to get over to singapore, chief economist at deutsche bank. tamer, you just heard that report. how concerned are you about conditions on the ground in india? >> there are a host of things to be concerned about, but the latest number its are very worrisome. no room for the central bank to cut interest rates in the near term or next few months for that matter. i think the only thing that you can pray for now is a big correction in oil prices which then alleviates some pressure on the current account. but that's down the road. not right now. >> did they jump the gun in cutting rates? >> given the data the rbi had, i think there was a case to be made for some signal toward monetary easing. at take point it looked like pressures were easing somewhat. now everything has changed pretty dramatically in the last couple months and the rupee depreciation doesn't help eit r either. >> does it show we're getting l

when someone makes me an offer in rupees, someone else might come along and offer double.s a farmer, i sell to the buyer offering the best price. >> i was purchasing the material about 600 rupees per ton. now i am pay 2100, 2200 per ton. so the prices have increased more then 3 folds and that is because of the competition even though competitors might offer higher prices, farmers will still supply the plant. plant owners want to generate power using biomass, and the farmers want to offer them a reliable supply. this will be a long term revenue source for them. and this has increased their quality of life. so everybody is happy that this plant has come (06:35) >> everyone benefits from the biomass plant. it supplies clean energy to the community, and improves the lives of the mustard growers of rajasthan. >> cassava or maniok is a staple food in tropical regions around the world. in ghana the starchy root is a major earner for many small businesses. here we visit a company that has managed to thrive on processing maniok thanks to some help from the un's international fund f

. >> translator: how would you use 100,000 rupes in capital? a shelf to display products costs 20,000 rupes and you need money to buy goods. how much would your profits be? let's calculate. >> reporter: accounting is the part of the curriculum at all junior high schools in sri lanka. it's part of a national effort to nurture skills that will benefit the economy. >> translator: we can learn practical matters. it's a very good subject. >> reporter: sri lanka is more stable since the civil war enlded three years ago. its economy grew over 8% in each of the last two years. more foreign businesses are setting up shop to offer services like accounting for corporate clients overseas. this india-based firm has 400 employees in sri lanka. many of them are certified accountants. >> the main plant is based in the uk. currently working on the accounting side, so we're mainly the operational aspects of it. >> reporter: the boom is encouraging many younger s eer lan lankans to look at careers in accounting. they offer courses to nurture their skills. sarah e

. >> translator: how would you use 100,000 rupees in the capital? a shelf to display products costs 20,000 rupees. you also need money to buy goods. how much would your profits be? let's calculate. >> reporter: accounting is part of the curriculum at all junior high schools in sri lanka. it is part of a national effort to nurture skills that will benefit the economy. >> translator: we can learn practical matters. it is a very good subject. >> reporter: sri lanka is more stable since the civil war ended three years ago. its economy grew over 8% in each of the last two years. more foreign businesses are setting up shop to offer services like accounting for clients overseas. this india based firm has 400 employees in sri lanka. many of them are certified accountants. >> mainly our main plant is based in the uk. current currently insurance accounting so we are mainly operations aspects of it. >> reporter: the boom is encouraging many sri lankans to get careers in accounting. this location school offers courses to nurture their skills. sarah enrolled two

which will also help the rupee.it of a gamble, but we have to take some sort of a gamble. >> your view is despite the concerns, the sensex will end the year at somewhere in the range of 18,400. that's something like a 13% up side from these levels. is that still your view? >> that is our house strategist view, yes, that's correct. >> so square that with some of the structural challenges you mentioned. >> that's based on the view that valuations are getting a lot more attractive, sentiment is very bad right now, but this is how some of these developments happen here. policy mak policymakers have that are back sides against the wall. so they're concerned and doing a step of measures to control the rupee. they will probably get back on the rate cutting front again and on the fiscal side, they have made commitments to capping subsidies to 2% of gdp. they have led petrol prices higher. they will probably do something on diesel. so i think some collective actions are taking place and valuations are not bad at about 12% to

rupe cert number one, two, three and four as far as rupe cert is concerned. they overestimate the importance of their support for you, but if you can get it, have it. if you are labor you need all the help you can get to win elections. this is paul keating. he's had some considerable experience of dealing with rupert murdoch. >> yes, that's a page 249. the last paragraph, really, for the entry for that day. >> yeah. >> the difference today, overestimating the importance of their support for you, the they is a reference to the murdochs, is it? >> yeah. >> i think that relates to the point i made earlier. i think newspapers do overstate their own importance, and i think politicians overstate it as well in terms of endorsements of elections. >> just mr. keating's, you can do deals with him without ever saying a deal is done. was he suggesting there, it's done on a nod and a wink or was he suggesting something else? >> no, i think what he's saying there is actually explained by what he goes on to say in that he's -- he needs to know, is the big bad bastard point,

cycle and all the trappings of the presidency he can use effectively to be the bigger voice in the rupe. chris: who runs the show? >> both do. i mean, that's the problem with this question is that we're going to have -- chris: i love tough questions. >> it's not a tough question. you just didn't give us the third option. chris: what is this third option? >> sometimes obama will. and sometimes romney. did i almost say reagan -- romney will. >> >> chris: my sense for a while he's going to be talking about his jobs plan. at some point romney's going to have to come out with a jobs plan. >> of course. there are a lot of gaps that need to be filled with his policy but i agree with kelly overall. this is why it's hard to run against and incumbent president, particularly one while he is policies may not be popular is more of a likable guy than romney is seen. >> character counts. what we don't know is the public's perception of romney's character is. chris: that's a great question. something besides jobs, jobs, jobs. going along with the neocon serve actives. does he have the charact tore stan

mahindra and mahindra reporting a profit for the march quarter of 8.7 billion rupees.hey're less than they were a few months ago. we'll continue to get the results in here. that appears to be well above forecast which were for a profit of about 6.2 billion rupees. its medium/long-term outlook on the indian economy is positive. positive talk from mahind mahindra & mahindra. this is after hitting a record low against the dollar there. european concerns say the rue pea is under pressure about the economic challenges. that's prompted global banks including goldman sachs and b of a merrill lynch. india's fourth quarter gdp out tomorrow is expected to show its worst growth rate in three years but the situation doesn't look as dire on the corporate front as we saw from mahindra's numbers and our next guest says it's precisely why he's become less bearish. talk about why you see stability for corporate earnings in india. >> i'm sorry. i can't hear you. >> would you like to react from the numbers from mahindra and talk about corporate stability in india. >> you know, india itse

finally we've skydiving jumping on to that list of extreme sports we cannot rupe jumping the concept is simple leap off a bridge and finish by swinging underneath it constitute the top off has more now on the adrenaline filled activity taking russia by storm. it's not the most common site in moscow to witness hundreds of young people flocking to cinema to what you feel other than a hollywood blockbuster but that's what happened when an extreme sports film about guys who turned their hobby into a profession was screened last week came across the board and it's over me rope jumping is not only about the jumps themselves but the more challenging a jump and a location the more rewards you are and that's my motivation for the film was a very ambitious project it took us two years to shoot it and there was a lot of effort from everyone who took part. in. all that's needed just a rope and a breech high enough to jump from sounds simple and pretty straightforward but the more simple means the more dangerous no wonder the sport is so popular in the country that founded the russian roulette th

in fact, the rupee since july of last year has fallen 27%. in terms of value, that's against the u.s. dollar, and that's the problem. it's a very dangerous mix. you've got high inflation, a weak currency. together, that makes themselves very, very expensive in the country. that's also part of the problem, because india's economy is largely reliant on domestic demand, things bought and sold and spent within the country. so huge, huge worries there indeed. also, i'll have a lot more on the world business report and also take a look at the markets. some big comments coming from the e.c.b. boss, as well as some other big e.u. leaders. but we'll do that in 20 minutes' time. >> time for a gargle in between. >> yeah, i'll do that. >> aaron, thanks very much. now, canada is in the grip of a really gruesome he today. a nationwide manhunt underway as human body parts have been sent to two political parties. 29-year-old luka rocco magnotta has been named by police in montreal as their main suspect. one of the blood-soaked packages containing a human foo

you described him as one of rupe u rt murdoch's economic guru. you were making a serious point there, weren't you, mr. campbell? >> i didn't write all of the footnotes. i think he was an economic adviser. guru. one of those words. but he was close to him. he was close to him. still is, i think. >> when mr. murdoch was not around and someone was talking to mr. steltzer, was there a sense you were talking to mr. murdoch in some way? >> no, i wouldn't say that. i wouldn't say that. he wasn't his spokesman. no, i wouldn't put it like that. >> tell us about mrs. brooks. obviously we've seen recently -- you're saying in your statement you attended, i think, both her weddings -- >> no, i attended the reception for the first one and the wedding for the second. and on the first one, i was, as it were, independently friendly with her husband. >> would you describe it as a friendship or relationship borne out of circumstances? >> i think it's difficult but once you reach a certain level in politics -- again, in one of these i have a discussion about this --

india is struggling right now, and has a 10% inflation rupe is and if you look at this standpoint from pizza hut which is one of the main units is getting crushed by domino's, and kfc is a chicken business in a country with a lot of vegetarians. >> but i have to come after you on the india backdrop, because it is a fantastic demographic story and better than china and the bureaucracy and so tough to get stuff done, there i don't think that yum can do it. >> the dem traffics are great and 60% of the population is youth, and under 30 years old, and that is the future and where the brand will be. they have made good headways in getting a blueprint for india. they are opening up 100 stores a year in india. i think that is pretty fast, and faster than mostly anyone else out there. >> and they have growth challenges because indian diners spend 1/5 of the chinese each year on fast food, but it will happen. and let me bring in dave, because you are negative on yum. what are you seeing here? >> well, employment expectation s in china. we do a sentiment study and we have seen the downturn in sen

now he makes one hundred rupees or two dollars a day for his work i feel that no matter what crime i committed in the past i don't want to commit any more or do anything wrong when i'm sure i want to look for a job as we've. seen heart is a revolutionary facility in india housing everyone from high profile criminals like former prime ministers to common robbers the masterminds behind this chill provide training for inmates as well as other activities like meditation music and painting to calm their spirits. by object to was i give them that kind of a holistic reform correctional by was the mind gets dry cleaned and then they leave the prison i do not come back that big gets handed them says many convicts here at the hard jail save their learning skills on the sprawling four hundred acre campus that they hope they can apply in the outside world authorities say the reform programs are working and only seventeen percent of the prison population are repeat offenders they hope that number will continue to go down it's an impressive statistic recent studies show that the real offending rat

outside of the realm of western financial sanctions and even by buying iranian crude with through rupees or with with gold and other goods so it is sort of reverted to a barter system so that's one method of. continuing to engage with iran economically i'm sorry to interrupt you again but yet that is all the time we have unfortunately live from new york that was a fellow for geopolitics at the situation thank you neal. perfect i'll be back with a recap of our main story shortly with our. all right thanks for joining our to. take you on a tour of our headlines back to the kremlin we go where blood in the putin becomes the first russian president to step in for a third term as he's an all going to during a lavish ceremony he said to leave the country for no other president at sixty years promising to make russia a stronger and more united. front swallow and wins the french presidency as he promises growth instead of austerity while nicolas sarkozy falls under the weight of france's mounting debt and it is straight to business for a long as he plans to fight against german led austerity mea

outside of the realm of western financial sanctions and even by buying iranian crude with through rupees or with with gold and other goods so it's sort of reverted to a barter system so that's one method of. continuing to engage with iran economically and i'm sorry to interrupt you again but yet that is all the time we have unfortunately live from new york that was a fellow for geopolitics at the persecution thank you neal. perfect i'll be back with a recap of our main story shortly with our team.

said they'll accept rhymin be for oil india has reportedly made a deal with iran to pay for oil with rupees so what do you see is the impact of that. well again it is the law of unintended consequences i mean the united states has you know very serious issues with iran and it's willing to impose very severe sanctions on iran as a result but in this case the unintended consequence is that the bric countries which are all trading partners of iran and as you point out quite large trading partners in a couple cases well they don't think this is a good idea at all and they said very clearly in that deadly declaration from what you quoted a moment ago that they think u.s. policy towards iran is very unhelpful and they think that it would be far better to focus on negotiations to focus on if anything increasing trade with iran bringing the wrong more into the fold of the developing liquid modern global economy and they think that's the solution to help iran to become a more modern country so there's clearly an issue here with respect to iran where foreign policy issues collide with monetary regime

the indian rupee tag.rse, for some sort of central bank intervention when it comes to the currency. overall, it's a negative session, ross. >> thanks christine. we have the first quarter sales. thanks to strength in asia, new business profit in the region jumping 22%. speaking exclusively to us earlier, he's pretty optimistic as well about further growth in the sfleegs we have made no secret of our ambitions in asia. we want to grow in asia. it's profitable growth. it's sustainable growth, quality growth. all resales are regular premium which means that people pay every month on their policies, and that's very good for our business. >> he also said he was slightly more optimistic about sovereignty and wouldn't relate whether they would keep their headquarters in the uk or not. >>> sainbury up. they were optimistic. investors will begin to recognize how well the company is doing. >> over the last 12 months it's been disappointing but over the last three months it's been encouraging. >> there's been a hike i

moving to the down side, the dollar weakening of course against the rupee.elp prop up the currency. south korea central bank kept interest rates unchanged today for the 11th consecutive month. bok governor says this there was no discussion among bank members about any possible rate cut. it's expected to gradually recover with inflation remaining high. >> spanish governor stepped into rescue bankia. a bid to shore up the bank ahead of a broad financial sector to be detailed friday. spain might still exit the eurozone in the next pew years. >> eventually even spain could exit the eurozone, but not something that will hazardous if 12 minutes. it's a slow motion process. >> and a new report says the financial sector bonuses will faf by half in the current fiscal year. largest total payout pool in 14 years. another suggestion of how weak wages will be over here. let's get a final thought. you talked about negative supply shop. current quantity taative easing the wrong policy. just recap what would be the answer here. get credit flow and also be a right form of qe

mormon to speak and members of other faiths have spoken there as well it is unprecedented for a mormon ruping higher office. christian evangelicals are the base. but several maintain that mormons are not christians. there is differences between mormonisms and christianity . someone who doesn't recognize those differences is ignorant of mormonism and christianity. >> romney got the loudest applause stating that it is the marriage of one man and one woman. this is one area that christian evangelicals and mitt romney agree on. >> it is not just the white house. lawmakers in all out battles for fellow members of congress. you may know that because officials wered to reshape long standing districts . cthe population led to fewer congressional districts and created the 13 member races. and that is all fire. and they are losing for the liberal opponents. >> any time the members of our caucus were pitted against one another it was gut crenching for them. >> and dennis lost to the best friend in congress after the district were won. in illinois republicans faced off and there was controversy when cant

. >> jimmy: rupees? rupels? >> 200 million rubles. >> jimmy: rubles, yeah, yeah.[ laughter ] >> we're killing it. >> jimmy: you're really killing it, man. that's huge. you've got a drawing from a fan, a russian fan over there on the twitter. >> that's me. >> jimmy: yeah, they're both you. and that's the hulk. >> and my friend. >> jimmy: this is deep. a deep drawing here. >> yeah it is. there's a lot going on there. >> jimmy: what does it mean? [ laughter ] what does it mean? yeah. >> it's, like, my bodyguard. >> jimmy: yeah. he's like of like, zen-ing out. >> he's being embraced by -- look, the hulk's not really mad either. he's kind of -- >> jimmy: he's just kind of concerned of who's taking the picture. >> "is this my good side?" i think he's saying. [ laughter ] >> jimmy: yeah. is the hulk ever calm when you become the hulk? does he ever go, like -- >> i think he shrinks when he becomes calm. he just kind of -- >> jimmy: he just shrinks. he goes back down to, yeah, you. >> you know what you never see in the hulk movies? when he actually goes from the hulk back

and it wasn't long before rupe earth blue and his team of sanitarian as had he called themselves those days in public health began to notice that there were cases of plague cropping up in the east bay, in the berkeley hills and in oakland and a little further east it crept into places like walnut creek. there were some ranchers' children who died. and they would find dead or dying ground squirrels and chipmunks. they had an unusual way for testingto plague in the country side in those days. when they would find a ground squirrel but roy they would use a guinea pig and tie a drink to its leg and lower it into the burrow to see if it could pick up fleas from the infected animals and reel it in and comb the animal for fleas then test them for the plague bacteria. so, they documented the spread into the country side rather rapidly and to their dismay and when that happened they took off into the hills with pup tents and squirrel guns and all sorts of bait but couldn't outflampinge it. it just took off and spread as far east as the rockies, where it is today. of course mostly around the fou

rupe cert number one, two, three and four as far as rupe cert is concerned. they overestimate the importance of their support for you, but if you can get it, have it. if you are labor you need all the help you can get to win elections. this is paul keating. he's had some considerable experience of dealing with rupert murdoch. >> yes, that's a page 249. the last paragraph, really, for the entry for that day. >> yeah. >> the difference today, overestimating the importance of their support for you, the they is a reference to the murdochs, is it? >> yeah. >> i think that relates to the point i made earlier. i think newspapers do overstate their own importance, and i think politicians overstate it as well in terms of endorsements of elections. >> just mr. keating's, you can do deals with him without ever saying a deal is done. was he suggesting there, it's done on a nod and a wink or was he suggesting something else? >> no, i think what he's saying there is actually explained by what he goes on to say in that he's -- he needs to know, is the big bad bastard point,

and the week rupee has hurt. we have this strange problem here. what i call crisis tennis going on. you've got all these problems here with excessive debt reasserting itself. then you've got hopes that the european central banks or central banks anywhere are going to prime the pump. we were up in the last two days in hopes that this big eu summit tomorrow was going to have a whole bunch of ideas on how to prime the pump. a lot of cynics are saying some of this isn't going to work. some of it isn't going to happen. a lot isn't going to happen because of political and treaty problems. nobody's going to snap their finger and do things. watch the euro on a daily basis. watch the whole game, this crisis tennis being played out in the euro. >> there are calls i think by citi that if greece exits the euro we're basically going to go to parity. >> that's a long, long way down. >> exactly. i don't know that they're right. but it's out there. >>> let's head to brian shactman with the market flash for us. >> i'm keeping my eye on google right now. about to b

and that's the corruption, the endemic core ruping that you are talking about. that's what what bo represents, it's to the about a fight within the system, it's about the corruption of the system that they have to hammer down. an we're moving towards a world where this is going to be the largest economy. that has to concern us. all of us here in the united states. we have to worry about that. >> what is the moment that they are at, how would you characterize this inflection point for china? >> they are looking at new leadership. >> they are. >> rose: does the fall of bo affect the leader to be? does it give him more support because he represented some other -- >> i think it makes them a little more cautious. it makes them a little more risk averse, it makes them a little more careful making sure that they're not doing something that could necessarily draw too much attention to themselve. it basically reinforces the preexisting system. it's all about consensus. it's very incremental policymaking on currency, on trade, on policy towards the united states. and this