U.S. – South Korea begin bombing drills, Russia – China commence naval activities

The U.S. military organized bombing drills with South Korea over the Korean peninsula and Russia and China started naval activities in front of a U.N. General Assembly meeting on Tuesday where North Korea’s atomic risk is probably going to pose as a potential threat.

The whirlwind of military drills came after Pyongyang fired mid-range ballistic rocket over Japan on Friday and the disruptive North led its 6th and most intense atomic test on Sept. 3 in resistance of United Nations sanctions and other international weight.

A couple of U.S. B-1B aircraft and four F-35 planes flew from Guam and Japan and joined four South Korean F-15K warriors in the most recent venture, South Korea’s guard service said.

The drills are the second part of China-Russian maritime activities this year, the initial segment of which was organized in the Baltic in July.

China and Russia have more than once called for arrangement and converses to resolve the issue.

On Sunday, U.S. Diplomat to the United Nations Nikki Haley said the U.N. Security Council had come up short on alternatives on containing North Korea’s atomic program and the United States may need to turn the issue over to the Pentagon.

Sources: SBS, Newsweek

India at 97th position on Forbes list of best countries for business

Out of 144 countries on Forbes’ annual list of best countries for business in 2015, India ranked a low 97 (this is behind Kazakhstan and Ghana.) India scored poorly when it came to metrics like trade and monetary freedom. Challenges like tackling corruption and violence also paved way for India to stay behind at the 97thposition.

The list was topped by Denmark followed by New Zealand on the second spot and Norway on the third. The picture was not very bright for the financial capital of the world, the U.S. as it slid four spots to 22 scoring po

India at 97 on Forbes list of best countries for business. Image Source: The Hindu
India at 97 on Forbes list of best countries for business.
Image Source: The Hindu

orly on monetary freedom and bureaucracy. This has been the six-year continuous descent for the country since 2009 when it had secured the second spot.

Forbes said that though India is developing into an open-market economy, traces of its “past autarkic policies” remain. The outlook for the country’s growth on a long term basis is moderately positive due to young population and low dependency ratio. Healthy savings, investment rates and increasing integration into the global economy add to India’s growth.

The publication also added that India as a country also faceschallenges like high spending and poorly-targeted subsidies, inadequate availability of quality basic and higher education, and accommodating rural-to-urban migration.

While talking about India’s growth in the last one year, Forbes emphasized that the growth fell to a decade low, as the economic leaders struggled to improve the wide fiscal and current account deficits.

Forbes also spoke of India performing moderately well on certain factors; ranking eighth on investor protection, 41st on innovation, 57th on personal freedom and 61st on property rights. The fall came from ranking 125th on trade freedom and 139th on monetary freedom. On technology it ranked 120th, 77th on corruption and 123rd on red tape.

The UK and Japan both moved up by three spots by ranking number 10 and 23 respectively. The extreme bottom of this Forbes list features quite a few emerging markets restrained by high levels of corruption and little freedom.

Sources:

http://www.financialexpress.com/article/economy/india-ranks-97th-on-forbes-best-countries-for-business-list/180015/

http://www.forbes.com/sites/kurtbadenhausen/2015/12/16/the-best-countries-for-business-2015/