the property, of course, the tens of millions of people still stocks india. i asked the finance minister if reform was happening fast enough. >> prime minister modi's government almost by the day is moving in reform in the right direction. slowly but surely, the results are also showing. reporter: on monday, india announces its latest economic growth figures. he believes they will be stronger than china's. if so,'maybe india's reforms are starting to bear fruit. katty: india with big opportunities, the challenges. mention the name j.r.r. tolkien and inevitably it is "lord of the rings" and "the hobbit" that come to mind. a previously unknown stories being published. it was started in 1914 but never completed and it is seen as one of tolkien's darkest works. the editor of the book recently spoke to us about it. red anger came to him and he cursed and seized his sword and went blindly in the neither fault nor bruises, still it daughters are awned so -- d terrible." that is where it stops. that is where tolkien put his pencil down. it was daunting, actually. here

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

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

dispute over the kashmir region. india wants the meeting between the national security advisor. we go to the indian capital in new delhi. more in a moment. let's hear from haider al-abadi. in pakistan administered kashmir. >> although the indian prime minister and the pakistani minister, sharif agreed to resume talks, there was an indication it was a step forward. now the pakistani side said it analysed the indian foreign minister's statement at a press conference in which india put two conditions - pakistan says india cannot unilaterally put conditions for talks, they should be unconditional. they cannot do this alone. they object to the second point, that the pakistanis will not be allowed to meet the kashmiri leaders likely to attend the talks, and india would not accept a third party. therefore pakistan coming to the conclusion that the talks would not be productive. the fear is that with the breakdown of the talks, the tensions along the cin of control -- line of control in the disputed region of kashmir was likely to

the eu alleges that the clinical trials for the drugs were manipulated. india'stical industry is considered the world's third largest and exported $15 billion worth of medicine last financial year and $3 billion drugs went to europe and the industry body in india say it will cost businesses $1.2 billion and india has respond to the ban by referring talks on a free trade deal with eu and we have more from new deli. >> reporter: india's multi-billion drug industry has been hit by a ban on 700 generic drugs and eu regulator alleges that clinical trials on the drugs are manipulated and the drugs will be ban in all 28 member states until retesting can be done and generic manufacturers say banning all the drugs based on a technical issue is unfair. >> have already done so much of the work on those molecules, they should be given and analyzed in another lab. >> reporter: even if and when that happens those in the generic drug industry say the damage to their reputation has already been done. >> i say we lost perspective buyers which we could have got as a contract manuf

so those 11 i think licensed just in the last week or so. so india deserves a lot of praise for acknowledging that customer choice is just as important as access to a bank account. nd yes, totally agree with the comment about not just government payments but also the ability to have other places to use your account to use your card the whole merchant acceptance side of things. this is one area where my colleagues are doing a great deal of work with indian agencies on putting together an extensive digital merchant acceptance network for just this purpose. >> do you want to just talk about the example how it looks from the mobile perspective? >> sure. in my prior life before i joined the gsma i worked on regulations looking at branchless banking, electronic money, whatever you want to call them. different laws and regulations related to financial inclusion. and india you've seen over time they have continually loosened up their approach but it's been a very, very slow progression. so in 2006 i believe india initially released their regulations on what

the wheat and millet stored here are supposed to be reserved for india's poor. over 30% of the population live under the poverty line. but exposed to the weathers the produce goes bad before it reaches those in need. or the food is already saturated when it arrives. day laborers plough through the grain to dry it out. biraj: we don't have modernization in our storage. when you stack, as we do, one sack of grain over the other, the sack of grain which has come first is at the bottom of the heap. but you will use the sack which has come las,t which is at top of the heap first. so it is the first in last out principle. reporter: it would cost billions to set up a functioning cold chain that would preserve foodstuffs across india. the new government says it recognizes the problem. but after more than a year in office, there's still no sign of major change. host: and in rwanda, the struggle for every grain starts on the field, especially so since climate change has wrought havoc on weather patterns. that's why often up to 40% of harvests are lost. here, too, major inv

since you were the man who brought up india do you want to come back? >> i want to mention one comment. what we're seeing is this scheme is just one year old and progress has been made including now with the chattering of cooking oil gas subsidies into those accounts has already achieved over $2 billion savings for the government i'm sure we're going to see more and more as the government sees they are making their operation morse efficient. also the issue, down the line there are people managing their financial lives. i remember myself visiting a all corner shop in india walking to the store this woman who had an account she walked in the store, asked the person who was an agent to cash out the money and then she cashed out and asked him if she could pay and buy products. so i asked her why don't you just pay for the goods transferring from your account to his account? she said i don't know. i mean, when you pay for something you pay in cash. right? and i asked him why don't you accept payment? why don't you encourage her. i don't know. i haven't though

the currency is looking good. india to the inwdown compared to peers the region, accounting for 5.2%. indonesia is more than twice that. thailand and malaysia, almost triple. this is good news for prime minister modi, who campaigned on the promise of kickstarting the economy. he has been trying to push through reforms to do just that. there could be a special session of parliament after the current session. meanwhile, a word on the ruppe. it has been volatile the past few sessions. india has tried to ensure that even with volatility, the central bank would have enough to stop it. while crude prices may have an , yout on most economies can see india on the whole having a good run. let's quickly check on some of the stories making headlines. digital testing a messaging assistant to rival sir i and cortana. it can carry out a series of tasks like purchasing gifts. it is being tested in san francisco. samsung has been responding to complaints about the stylus for its new note 5. it can damage the device if inserted the runw

we know that in 1959 the dali llama came to india and you at the same time fled tibet. when did tibetan buddhism come to america? >> i am going to pause us here because we have one minute left in the segment. let's take a break and come back. we'll give you the full seven minutes to respond. how about that? >> thank you. >> thank you. we'll be right back. >>> we have two special guests with us today and they're sharing some more about this particular school of buddhism. help us please. >> buddhism has a very long history. today at the present time primarily we have two major traditions. one of course is teraboda and other is mahana. teraboda is movement of the elders and mahana is great vehicles. tibetan buddhism is a branch or another manifestation of mahana buddhism. in all the schools we have two primary missions. one is to acquire wisdom for one's self and once acquiring wisdom, one is to share this. this is called compassion. wisdom and compassion. another great virtue is what we call upia. it's how we use wisdom in the process of compassion and one of the manifest

the question. rishaad: thank you. we will take a break. does india'sk have enough confidence in the economy to cut rates for the fourth time this year? mumbai, next. ♪ rishaad: the morning in mumbai -- 50 minutes away. a rate decision taking place in the country. the central bank has already cut rates three times this year, will it do in a fourth? most economists say not at the moment. let's get over to jc london mumbai. ay seiling in mumbai. latestthe start with the recall between the government and the artrdi and changes in the monetary policy. he met with the finance minister over the weekend, a customary call. a price dropafter of the indian financial code that would reduce the central banks. while the fm has assured that no changes will be made without consulting stakeholders, the governor has chosen not to comment, and therefore we will be waiting to see if anything comes up. let's talk about what he's expecting -- no change expected, about three hours from now. the expectation is that he will leave the rate, the rate at which the central bank le

the ban will cost businesses $1.2 billion. indiaesponded to the ban by deferring talks on a free trade deal with the eu. we have more from new delhi. >> reporter: the multibillion drug industry has been hit by a ban on 700 generic drugs. they allege the trials have been manipulated. generic manufacturers here say banning all the drugs based on a technical issue is unfair. >> they have already done so much of the work on those molecules. they should be given some chances and it should be analyzed in another lab. >> reporter: even if and when that happens, those in the industry say the damage to their reputation has already been done. >> we have lost the prospective buyers which we could have got as a contract manufacturer. secondly, you talk about indian companies or small companies like us, we'll face a lot of difficulty. >> the fear is the bad reputation could spread and affect sales in other countries, including the lucrative u.s. market. many of the drugs being banned by the eu are widely available here and in many other countrie

the trafficker gets paid when he leaves india. the trafficker gets paid commission.esn't matter if they have a have a job over there. >> subcontractors like ppi and echo log run their middle east operations out of dubai. they keep labor camps here to houseworkers on their way to military base he and their recruiting bases have camps here too. away from the dazzling towers of dubai, a sprawling labor camp is home to hundreds of thousands of migrant workers from south asia. in hinzi, this means town of gold. but it is more a sham low pool. military bases in afghanistan. >> if there was one small room and we were like 25 to 40 people in one room but basically that room is capable only for three people. >> what would happen if someone tried to apply for a job directly with echolog? >> they are not responding. there is only one way we can control assent. >> the typical business model i'll call it that's used if by by the gulf subcontractors is they'll go to india or nepal or south africa, and they work out the above the board terms and then there's the below the board agr

. >> if you need money just go to the atm machine that's what the emphasizing said like the india if you want zero that is zero will be very soon for everything but nobody like driving everything is safe that's the way in their thinking and bike lane and limit this and that but the problem is everything that close to the bay bridge is not only owned by san francisco you have to take care of the people that have to live in east bay and all your view is micro let age looking beautiful i have a green trees but your finding a lot of people living in east bay your building power that is everyone that come to this meeting he will cry he wrote the 2007 a that's right he give you too much power look at townsend street and fulsome street all the warning on the wrong lane the full name street we're listing one lane on the fulsome street poem can't use it they pits mafia bike only i don't see two many but people not only about living and beautiful people need to make living that's why china as a lot of pollution we can't afford to eat they have to clean it up san francisco is rich now we have lo

the rains. reporter: india's railway minister says the families of the victims will receive compensation. families of those who died will receive 2900 euro. those whose loved ones were injured will also receive compensation. last year, train accidents killed over 25,000 people across india. critics say this tragedy could have been prevented if the tracks were better maintained. india has the fourth largest railway system in the world carrying some 23 million passengers a day. terry: there has been a new development and long-running dispute in that south china sea. beijing says it has halted its controversial land reclamation project in the area. china claims sovereignty over most of the sea, but it's claim is disputed right other countries, including the philippines and malaysia. critics say the construction and the sea was designed to tighten beijing's grip on the disputed waters. the issue has overshadowed a meeting of the association of southeast asian nations. reporter: in a surprise announcement china's foreign minister says china has stopped the reclamation of land in the out china s

the rains. reporter: india's railway minister says the families of the victims will receive compensation. families of those who died will receive 2900 euro. those whose loved ones were injured will also receive compensation. last year, train accidents killed over 25,000 people across india. critics say this tragedy could have been prevented if the tracks were better maintained. india has the fourth largest railway system in the world carrying some 23 million passengers a day. terry: there has been a new development and long-running dispute in that south china sea. beijing says it has halted its controversial land reclamation project in the area. china claims sovereignty over most of the sea, but it's claim is disputed right other countries, including the philippines and malaysia. critics say the construction and the sea was designed to tighten beijing's grip on the disputed waters. the issue has overshadowed a meeting of the association of southeast asian nations. reporter: in a surprise announcement china's foreign minister says china has stopped the reclamation of land in the out china s

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

the records. shery: coming up next, from india to indonesia, is a big week for decisions in asia. t more from ubs' economist for the region when we return. ♪ shery: checking other stories making headlines -- qatar says it is time for a serious dialogue between arab states and iran following the nuclear agreement. the sunni nations have accepted the deal despite shia iran. qatar's foreign minister says tensions can be solved by talking between the major players. myanmar iss in moving into more populated areas. towns in the delta have been swamped this week as waters received from northern states hit by weeks of torrential rain. concern remains high in the west where more than 130,000 people were displaced. the u.n. says losses of grain and livestock could endanger long-term -- long-term food supply. the president of the international olympic committee down concerns about pollution in rio de janeiro one year before the opening ceremony for the 2016 games. he has no special worries and full confidence in the organizers. the world governing body for sailing in rowing say they want viru

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

commentsism follows from the fed vice chairman where he set a september rate hike remains on the table. in india, bond funds are betting that the r.b.i. will cut interest rates as early as next month or it the reserve bank -- month. the reserve bank is boosting sentiment. bloombergor spoke to at jackson hole. courtre is a bankruptcy which i think will be extremely important if we roll it out because if we can get a good bankruptcy code we can invest in long-term bonds which is absolutely necessary to finance the big things that the government plans. angie: the reserve bank of australia meets on tuesday and the policy statement will be watched closely for a shift on tone in china. let's get over to paul allen in sydney. we know that australia is exposed. what are we expecting to hear from the rba? : we are looking for words and not deeds. it is unanimous from the economists, none of them are expecting the rba to make any change from the record low 2%. the commentary about what is happening in china will be the interesting thing to watch. more than a third of australian exports go there so it will

now he is the head of the reserve bank of india. eeley sat down and talked with him about it. he said i still see some problems in the world today but it is no longer the responsibility of central banks. it would bean: better if we grew faster. i would also say that central banks have pretty much done what they could do. it is not a view that is universally held by central bankers, but in general across the world, central banks have what they are capable of. no others have to step up. interestingly enough, it does not apply to his bank that hehe pointed out is the only one who is out there who has to lower inflation. tom: where all are the fault lines -- where are the fault lines? the tone has been set. the book is iconic. where are the fault lines? mike: you still have overvalued equity markets, and a lot hot money has flowed through the equity markets. a lot of that has been going out, causing start market -- stock market dislocations. tom: what did you learn from professor fisher? carl: there was a subtle shot president york fed s

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

given the pace of automation, as india missed the chance to develop? chance to develop? >> i do not think so. we have to do more work than if we have followed the past 20 years ago. we certainly need to still be theforce -- skill workforce. the real value will be the management of technology and human beings. replacing the human being. and that there will be scope for a lot of value added by people. we figure outthat how to do those things. i will give you a simple example. these classes, massive, big classes given over the internet. just transferred over the internet, people start but drop out very quickly. but if you have a tutor holding your hand, figuring out exactly what you do not understand and helping you along the way, those classes can become effective. a top-notch teacher giving you the lecture and a good assistant helping you understand what you do not understand and prodding you to continue. my sense of the marriage of technology and the human being would be the most successful way of delivering those courses. >> can india skip the step whe

it pokes fun at the india secrecy's behind the place where people can make millions overnight.the show, people that brought us some of the greatest satire in entertainment history. mike judge of "office space" and "beavis and butthead" fame, and alec berg, a top writer on "s

shortly after the sector's biggest order of the time. indiahas ordered 530 aircraft as it builds towards its goal of 1000 jets. so far, they have all been airbus a320 planes. the neo is a more fuel-efficient version and has become the fastest selling jetliner in history. ceo,ding to indigo's saving on energy will allow more low-cost fares while also helping the airliner to continue to expand. indiaer: let's stay with where the sale of fighter jets has hit some turbulence. paris and new delhi are struggling to agree on terms of the sale. india is asking for technical modifications of the jet. both sides are rendering over the cost of each plane. in april, prime minister -- both wrangling over the cost of each plane. we were told that discussions were ongoing and, for now, no delivery date has been set. let's get a check of aftermarket action. a mixed picture. the cac 40 up 6/10 of 1%. indigo's record order sent airbus 1% higher at the close. the london ftse totally flat. all thenited states, main indices are in the green at this hour. the dow j

says the ban will cost businesses $1.2 billion and india has to the ban by referring talks on a free trade deal with the eu and we have more now from new deli. >> reporter: multi-billion drug industry has been hit by a ban on 700 generic drugs and eu regulator say the clinical trials were manipulated and ban in all 28 member states until retesting can be done and generic manufacturers here say banning all the drugs based on a technical issue is unfair. >> have already done so much of the work on those molecules, they should be given some chances and should be analyzed in another lab. >> reporter: if and when that happens those in the generic drug industry say the damage to their reputation has already been done. >> we lost the prospective buyers which we could have got as a contract manufacturer. secondly we talk about degradation of companies or the small indian companies like us, we will face a lot of difficulty in the district. >> reporter: the fear is the bad reputation could spread and affect sales in other countries including the lucrative

it's about the only part of india with significant flooding at the moment. curiously, the monsoon rains aren't really strong president moment. you might get 54 millimeters in any one shower in bangladesh. forecast wise, repeat the same. >> let's go backing to an earlier story. those scenes of protest in beirut, the lebanese capital, the worst protests that have been seen in a month of growing discontent in the lebanese capital. we can speak to one protest organizer now, alexander handling who joins us from there. you are linking these piles of fetid rubbish building up on the streets of beirut with corruption in government, why? >> sorry, i can't really hear you that much. i just asked the producer to elevate the sound. >> ok. tell us -- >> would you give me just a second. >> why are you linking the piles of rubbish in the streets of beirut with corruption among politicians? >> well, usually we know that there is corruption, but we were never able to spot this corruption. having piles of garbage on the streets just acted or embodies this sort of corruption,

jon: that was the reserve bank of india governors speaking to the future of innovation and growth in india's economy. alian. sing in i will come to inflation and just a moment but i want to talk about the concerns that governor rajan tried to rally. saying no country is really immune right now to the volatility in china. inflation has been one of the biggest concerns that he has faced here in india and in the past he has said three things, the u.s. federal reserve policy and inflation will be the factors he is watching when he comes out with his rate policy when deciding the monetary policy going forward and saying that the biggest change over has been tracking real inflation and putting in place monetary policy to ensure inflation controls. ofseems they have some sort consensus on a new monetary policy committee. the governor is saying don't trust that you. jon: after the break, we will talk eni as they hit the jackpot and find a super giant gas field off the mediterranean coast. ♪ jon: good morning and welcome back to bloomberg tv. hasitalian energy firm eni discovered a quote super

you can imagine with sales down in the second quarter in india by 20% overall this has a knock on impact for the group even though it's a 90 million plus business. but i think the biggest surprise today was the results where it appears q-2 organic sales growth was 4.6%. there's whispers it was below four because of india and also again nestle underscores the fact that it is probably the quality stock in the consumer base probably on a global basis in it's ability to deliver pretty solid results on a local currency basis. certainly on an on going basis with a very strong balance sheet. i think that's what the market is reacting to this morning. >> indeed. just to cover off the india issue very quickly, do you think there's any lasting impact to their brand image in india? or is this going to be put to bed? >> there's always -- whenever there's any sort of product recall in foods, particularly a food used to feed infants and toddlers which the maggi noodle brand was in india there will always be a legacy impact. it will take many years for people to forget there was an issue and yeah, i th

our journey to track down the snake charmers of india and uncover age-old secrets. >>> roy-al attire. if you think michelle obama and kim kardashian west have nothing in common, think again. they both love clothes by rachel roy and the designer is expanding with less-famous clients in line. first the "nightline 5." >> when salonpas began in japan in 1934 a single patch created the category of pain relief. 80 years later salonpas has evolved into a family of pain relievers. perfect for back, muscle, join pain. salonpas for targeted relief. >>> heartburn comes creeping up on you. fight back with relief so smooth and fast, tums smoothies dissolves the instant it touches your tongue and neutralizes stomach acid at the source. smoothies only from tums. >> number one in just 60 switch now, new york and get installed as early as today. mom switched. we switched. i switched to time warner cable and knew exactly when they were coming. thanks to their 1 hour appointment window. for $89.99 a month, you'll get 100 meg internet, hundreds of hd channels, and unlimited calling to the u.s., puerto ri

this was the same guy that of the taj mahal and he took this early form of with life changing results for india he ended up not being able to go to the bathroom because of this perpetual state that he was then and his son took advantage of that and started a war and they destroyed each other. the results of this war millions of indians died and the poor guy ended up in prison with a few of the taj mahal in front of him until he was able to join his beloved. so those are the kinds of tales. and it was interesting there is also, you are introducing jimmy carter coming next week traded great guy, great humanitarian but the poor guy had a snake bit presidency in terms of embarrassments. this is completely apolitical but one of the worst was when he was in poland and he had this really bad translator. he is trying to say to paul and i'm glad to be here and to translator, the way he said it to the people was i to sires the polls carnally. the guy did not deserve it but it was just one thing after another for poor carter. the killer rabbit, all those things. the cover at one point another probably eve

point that the pakistanis would not be allowed to meet the kashmiri leaders likely to attend the talks, and india would not accept a third party. pakistan coming to the conclusion that the talks are not productive. the fear is that with the breakdown of talks, tensions along the line of control in the disputed region of kashmir was likely to get worse before things got better >>> india described pakistan's decision to back out of the national security advisor's talks as unfortunate. the stalling boils down to what was going to be on the agenda in terms of what the leaders were going to talk about. india says talks were going firmly on terrorism. terrorism, that the indian government says pakistan is aware of and has the ability to help solve. without it, the indian government says without decisions there can be no viable or sustainable discussions between both countries, islamabad was a more broader pallet. including the issue of disputed kashmir regions. the disputed kashmir region is not on the agenda in the talks. >> anti-abortion protesters staged rallies. at thousands ever sights across the

india. that's the big challenge that india's new government is fashion. in with a lot of big promises. they had a number of reforms they promised. they haven't been able to deliver them so far. the good news we are expecting today, the reason that the stock markets won't be thrilled is they don't know how to decipher the headline number. >> but the fundamentals are pretty strong there. we'll keep an eye on that, ravi agrawal reporting live from new delhi. thanks to you. >>> still to come, we'll go to the streets of los angeles for a look at how sex traffickers in the u.s. are branding their victims. we're back after this. hey, tom. small job? no, doing the whole living room. hey you guys should come over later. the exclusive one-coat color collection from behr® marquee interior. every color covers in one coat, guaranteed. turning a two-coat job into an easy marquee® afternoon. sfx: phone chime they're still at it. ♪ behr® marquee. behr's most advanced interior paint and primer. exclusively at the home depot. i brought in some protein to help rearrange the

mark: the governor of the reserve bank of india city down last week with michael mckee. t a check on the european market close. mark barton reports from london. mark: 900 billion euros disappeared from european stuff in the month of august, putting that into percentage terms, 8%. the stoxx 600 fell by that amount in the month of august. the biggest monthly drop since august of 2011. every single industry group on the stoxx 600 fell in august led miningcompanies, companies, chemical companies. 16 billion euros valued disappeared from the chemicals industry. the oil and gas industry lost almost $60 billion as well. an astonishing and to the month. stocks are finishing lower. when will the fed raise rates? that is a big question right now. here are some big moving equities on this monday session today. french mobile telecom company reported weaker than expected first-half profit. it said domestic competition. cutsans to widen its cost in its transportation unit according to tito's people familiar a shareholder estimates a lower dividend for the year. and the italian oil comp

normally 40% of the world's water is consumed in four countries, china, india, the u.s.nd braz ail. -- brazil. 750 million don't have access to safe water. 40 million live in sub-saharan africa. from kenya, catherine wambua-soi reports on a scheme developed for people without water. >>> this card has never been more important for people in this township on the outskirts of nairobi. it pays for water. at half a u.s. cent. this person and several other card holders gets 20 litres of clean water. an average family using 120 litres a day. in an area where water has been expensive, this atm style dispenser is welcome news. >> it helped me. we used to go far to look for water. now if there's no water from the city council, we can get water here. >> this is a slum of half a million people. the nairobi water company, which provides water to the city's residence has installed four dispenses, facing competition from the illegal vendors who divert the water to sell. >> see that water point there. that's an illegal connection, it appears to be busier, the many water points here in t

that was the second message we heard from india. andrew wilder: i think we got pakistanssion it was controlled, afghan led peace process. in both points, we tried to be as transparent in consultations, and working closely with the secretary. i have done to india several times a year for years, .ncluding was recently in may we tried to ensure that they have every bit of a sense of what is going on as we do. expressed their great skepticism about it. but i think the more that we can demonstrate what we believe is occurring, what we believe is incentivizing it and how we think it is productive, ultimately for the long-term stability of the region, that this is a zero sum game. isn't pakistan versus india or vice versa. clearly the message i know --rorism of any kind is one the message of the know terrorism of any kind is one they know about. andrew wilder: one more question for steve. i was wondering if you could comment, but you would say to the american people, given the fact that we have some estimates, spent a trillion dollars in af

key thing look, the is he is very interested in india. minister that unit infrastructure. you need to start looking into that. he is willing to infest 2 billiondot -- invest $2 over the next 10 years. they only spend about manager --lion dollars last year about $900 million last year. the ball si in their court now. benne: why would they interested in india? they have a large stake in china? is that simplest answer the free market economists would be shuddering, but what modi has down is double the import tariff. now makes economic sense to manufacture in india. with smartphones being so cheap, worthwhile makes it to make it locally. that is the first thing, that is foxcmpotent --reason for onn to get involved. economy, also a giant more than a billion people. india is stil growing and it is a large company. on the flip side is labor itself. cheap labor, not so much as a very large pool of labor. those are the two major reasons. it is untapped for my market side and a labor side. yvonne: will we see iphones made in india? will happent eve

what they are believing is that because it is the monsoon season in india, the two weeks of heavy rain in the region may have damaged or washed out part of the track. and they are saying because of the continuous rain, proper maintenance may not have been done in that area. local officials say a nearby dam burst which could have added to more water on the tracks, causing damage. the government says they'll be investigating, meantime they have started announcing compensation for the victim's family in this case. >>> jam eel live in new delhi on the two train derailments in central india. >> now, gunmen have attacked a paramilitary convoy in indian administered cash year and 10km from the city, home to a military base. three have been injured. the attack is ongoing. that's all the information we have now. in yemen, pro-government forces seem to be making gains, anti-houthi fighters say they have taken control of aden and other provinces, a day after recapturing an air base. this could mark a significant turning point in the 4-month long war. it means pro-abd-rabbu mansour hadi forces can

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

that will effectively raise the threshold with pakistan into india. and we need to make the point in pakistan and this includes were any terrorism is, it is unacceptable and that is the second issue that we have heard. >> it was an afghan led peace process. in this point we are frequently engaged on, we tried to be as transparent as possible and we are obviously working very closely as well. i've gone to india several times a year for years. we have tried to ensure that they have every bit of a sense of what is going on as well. and clearly they express their great skepticism about it. and the more that we can demonstrate what we believe is occurring, what we believe is incentivizing it and how we think that it is productive ultimately for the long-term stability, it is an pakistan versus india or vice versa. and clearly the message is one that we made extremely clear. >> one more question for stephen and we will open it up to the audience questions. and so what you would say to the american people and we have spent many of this and many have talked ab

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