Tuesday, June 18, 2024



US recognises Arunachal Pradesh as Indian territory: Official

Washington, March 21: The United States recognises Arunachal Pradesh as Indian territory and strongly opposes any unilateral attempts by China to advance its territorial claims across the Line of Actual Control, a senior Biden administration official has said, days after the Chinese military reiterated its claim over the state following Prime Minister Narendra Modi's visit there. Earlier this week, Chinese Defence Ministry spokesman Senior Colonel Zhang Xiaogang said that the southern part of Xizang (the Chinese name for Tibet) is an inherent part of China's territory, and Beijing "never acknowledges...

Unveiling India’s income inequality: ‘Top 1% income share higher than US, South Africa and Brazil’

NEW DELHI, MARCH 20: India's top 1% income and wealth shares (22.6% and 40.1%) are at their highest historical levels in 2022-'23 and the country's top 1% income share is among the very highest in the world, higher than even South Africa, Brazil and US, according to World Inequality Database by the World Inequality Lab. Between 2014-15 and 2022-23, the rise of top-end inequality in India has been particularly pronounced in terms of wealth concentration and by 2022-23 the income and wealth share are at their highest historical levels, the...

Japan slips into recession, becomes 4th-largest economy behind US, China and now Germany

TOKYO, FEBRUARY 15: Japan's economy is now the world's 4th-largest after it contracted in the last quarter of 2023 and fell behind Germany. The gGovernment reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP, though it grew 1.9% for all of 2023. It contracted 2.9% in July-September. Two straight quarters of contraction are considered an indicator an economy is in a technical recession. Japan's economy was the 2nd largest until 2010, when it was overtaken by China's....
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