VP claims next 10 years to be decade of youth in India
Vice President Venkaiah Naidu has said the next ten years
would be the decade of the youth in India. He gave an extramural lecture in
the IIT, Madras on the topic, 'India 2020 to 2030: GenY's Vision for the
Decade,' this evening.
In his address, he said, India’s population is among the
youngest in an ageing world. He said the strategy and vision for the
education of the youth will decide how successful India will be in
converting the country’s demographic advantage into a rich dividend.
In terms of invoicing, India is amongst the most dollarized
India is among the most dollarised countries as far as
invoicing is concerned, and by all these measures of internationalisation,
the dollar is largely ahead of other currencies with euro as a distant
second, Professor Hélène Rey, Lord Bagri Professor of Economics, London
Business School, said.
Ms. Rey was speaking at the Export-Import (EXIM) Bank of
India’s 35th Commencement Day Annual Lecture in Mumbai on ‘financial
globalisation and international financial markets’.
“One can also see the U.S. as an insurer, since the value of
its external dollar liabilities such as Treasury bills and U.S. government
bonds held by the rest of the world tend to appreciate in bad times, thereby
insuring the people holding them,” she said.
As a result, the U.S. gets seigniorage as people from
different countries use dollars, she said, adding that India was one of the
most dollarised countries in the world, following Brazil, Pakistan and
Indonesia, in the share of imports and exports invoiced in dollars.
Ms. Rey said that according to a survey by the European
Central Bank, the dollar dominated 62.2% international debt, 56.3%
international loan and 62.7% global exchange reserves, whereas the euro had
acquired much less global market.
“The dollar is becoming more unstable over time as the
relative size of the U.S. shrinks in the world economy while the stock of
dollar liabilities in the rest of the world keep growing,” she added.
New Zealand to expand trade with India if the latter does not
New Zealand on Thursday said it will look forward to a
bilateral trade agreement with India in case New Delhi does not join the
China-backed mega trade deal RCEP.
The Narendra Modi-led government in
India has welcomed the deal between the US and the Taliban
in Afghanistan. External Affairs Ministry Spokesperson Raveesh Kumar said,
New Delhi support all opportunities that can bring peace, security and
stability in Afghanistan and end violence, cut ties with international
terrorism and lead to a lasting political settlement through an Afghan-led,
Afghan-owned and Afghan controlled process.
He said India noted that the entire political spectrum in
Afghanistan, including the Government, the democratic polity and civil
society, has welcomed the opportunity and hoped for peace and stability
generated by these agreements.
Mr Kumar said India will continue to extend all support to
the Government and people of Afghanistan in realising their aspirations for
a peaceful, democratic and prosperous future where the interest of all
sections of Afghan society are protected.
US and Taliban signed a peace deal in Doha yesterday. India
attended the historic event as Observer. The agreement will pave the way for
phased withdrawal of American troops from Afghanistan.
As part of the deal, the Taliban are required to initiate a
dialogue with the Afghan government and other civil society and political
groups for a permanent ceasefire and power-sharing in post-war Afghanistan.
Turkey threatens to allow refugees towards Europe
Turkey today threatened to allow tens of thousands of
refugees to leave for Europe.
At the Turkish border, Greek police clashed with
Evidence of colistin resistant bacteria in the gut found in
A small study involving 65 stool samples taken from patients
from a single hospital in Chennai found 51% of them harbour colistin-resistant
bacteria. This reflects the presence of such bacteria in the gut as stool
samples represent gut colonisation.
This is the first study from India which has found indirect
evidence of colistin-resistant bacteria in the gut and was published in the
journal Diagnostic Microbiology & Infectious Disease.
Colistin is the last-resort antibiotic used to treat highly
drug-resistant bacterial infections.
Colistin-resistant bacteria can be of hospital origin or
India’s fastest women clinches gold in Khelo India university
India's fastest woman Dutee Chand clinched gold in 100
meters dash while long distance runner Narendra Pratap Singh bagged his
second title at Khelo India University Games in Bhubaneswar today.
The 24-year-old sprinter, representing Kalinga Institute of
Industrial Technology (KIIT), raced ahead to take a massive lead within no
time. With her competitors nowhere close to Dutee, the national record
holder bagged gold with a timing of 11.49 seconds.
The second best, S. Dhanalakshmi from Mangalore University,
clocked 11.99 seconds and S.S. Sneha from Mahatma Gandhi University clinched
the bronze with a timing of 12.08 seconds.