Did you Know? : Indians own 49% of the high-tech start-ups in Silicon Valley & Washington.
Impact of FIPIC (Forum for India Pacific Islands cooperation)
Members of FIPIC include all 14 island countries i.e. Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu;while the 15th member obviously is India
We can understand the feelings of Albert Einstein when he said the toughest thing for him to understand in this world is income tax. So the complexities of the tax policy are not just endemic to India but it is a global phenomenon.
India yet to reach in the League of Developed Nation
When India got independence on August 15, 1947 and chose democratic form of the government, many countries in the world mocked India and predicted the collapse of Indian democracy by the middle of the 20th century.
In the year 2014, Chinese economy clocked its slowest growth rate of 7.5% in the last 24 years. Coupled with slower growth rate was thecrash in the Chinese stock market which aggravated the woes for dragon.
What impact can be possible out of PM’s Central Asia Visit?
Prime Minister Narendra Modi visited five Central Asian countries of Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan and Uzbekistan, a resource rich region which is primarily influenced by Russia and China.
The Index of Industrial Production (IIP), considered as the representative of industrial growth in India witnessed the reduced growth of 2.7% in May 2015 making a dent on the tall claims of the government about the revival of high growth phase.