this is india's bread basket. with over a billion people currently residing in india, every inch of fertile punjabi soil has great value. these are people who own land over there, then they put the fence, suddenly your life became difficult. >> exactly. they can only grow some kind of crops and they can't farm more than eight hours in a day. >> how long does it take to get back and forth? >> the border security force manage these gates so they have times when they can enter and come out. >> how much farther can we go before they start to get worried? >> i think we can go to that pole. >> when india and pakistan were separated, the attempt was to try to draw a line across religious lines. >> exactly. >> drained by the colossal task of fighting two world wars, in 1947 great britain decided to end their nearly 200-year rule over india. in an attempt to prevent an inevitable civil war between the hindus, muslims and sikhs, the british commissioner drew up a new border. >> he was given two months. >> two months to crea

one called it a conspiracy to defame india. one of the most widely watched english news channels backed the government announcing the time as voyeuristing and questioning why any broadcaster would want to show it. it's a story about a discussion on violence and rape in india, an outrage machine in overdrive, and a government that is still new to the job, managing to give more attention to the film by banning it than it would have if it had allowed the station to broadcast it. ne delhi is our starting point. >> reporter: the network not allowed to broadcast the documentary showed this instead. for 60 comments it broadcast the title page. it was an hour long slept protest. the news ticker did the talking in the lower part of the screen. a stream of messages on the issue. thousands of miles away in london. the film-maker was watching the story unfilled. >> they have banned the film without seeing it. and that is quite app indictment when what you are doing is clamping down on one of the bake pillars of a democracy, free speech. >>

india's rural poor doesn't factor into the equation of india as a super-power or, indeed, india's image of itself as the largest democracy. the rural poor are seen as a problem, and it's a huge mistake to view that many of the country's citizens as something that actually impedes the country's progress. >>> if you want an insight into stories with rural india there's a few worth clicking on to. keith runs a website, the people's archive of rural india, the site covers the lifestyles, languages, professions and arts of rural india. it is funded through donations, much work done by volunteers. cj net is a service based on phone technologies, allowing rural communities to record their own stories and access stories from their area. launched with funding from the international center for journalists it aims to democratize media space. for those that reed hindi. dow is a rural newspaper. india's state broadcaster commissioned a journalist to produce a tv show, episodes of >>> finally, it was pablo picasso that said art is a lie enabling us to realise the truth, or as the musician known to te

faiz jamil explains. >> reporter: india's military is on a shopping spree. the past decade has seen the country rise to become the number one arms importer. since independence, india relied heavily on the soviet union and later russia, for most of its armorments. because both gave india a line of credit. >> there is no such policy to go east or any such thing. it's what we need at the affordable price and who is willing to give. >> reporter: some military analysts say india imports arms because it has no choice. >> we do not have a very robust downs industry base in the country. the defense industry policy opened only in 2001 to private sector. so that's the reason why we are the number one importers. >> reporter: india's arms imports have risen stead liver the past 10 years. despite that, some defense analysts believe that as india's military responsibilities grow the country needs to buy more weapons. >> it isn't enough. the threats and challenges to india's nation the security are growing by the day. we have unresolved territorial and boundary disputes wi

i have no personal reasons to go to india. i am going there because it is the best professional opportunity out there at this point in time. i think the country is exploding going to go in many different ways and if you are going to take 20% of the world's p population and take them to the next level what could be a better opportunity. that's how i thought about it when going through the process of evaluating flipkart and the opportunity. once you start working on it you realize there's a lot of different aspects of how we'll have to build the tech start that can't be just centered around india. our market focus will be on india, but in terms of our presence we're going to actually build up a presence here in the valley. we're going to staff it with all sorts of amazing product design, engineering, talent, data sciences, data analytics, recommendations and what not. this is the way globalization is going to go. we're going to have to tackle all sorts of markets across the world and then we'll have to come back and build presen

and so it's definitely the stronghold for india and india's a stronghold for the world. so we're in the right spot all right. >> i was reading around the year we were born there were three maharajas who were in an unofficial competition to see who can bag more tigers. over the three of them, they kill 3,000. >> i think of it in terms of in i daughter and think there are some species that could be lost in her lifetime, and could be a huge indictment on humans if that happens but with tigers being so perilously in decline and numbers so low, it's a species that could go distinct in our lifetime. not our kids but ours. now just more than a century later we're down to around 3,000. >> okay. [ whispering ] that's a tiger calling. no, they're deer. >> they're alerting each other that there's tigers in the presence. >> that's a good sign. >> usually when you hear that call a couple of times, you know that the tigers are close by. just stay calm and move asno sudden movements.. google search: bodega beach house. for over 19 million people. [ alex ] transamerica helped provide a

and india recognizes that. it's a huge difference bringing corporation tax down to 21%. something i've been talking about a long time. india should have like we have here an independent monetary committee and inflation target that will come into place. all the right steps, encouraging foreign investment but also cleaning up india, the gangis need to be cleaned up and clean india is a program and 100% tax relief if you donate to encourage the whole country to participate. it's a wonderful initiative, encouraging manufacturing. look at us over here. manufacturing is now down to 10% of g.d.p. in india they want manufacturing to be 25% of g.d.p. because manufacturing will create the jobs and give india that really strong foundation. all the right things all the right noises. i'm very, very encouraged by this budget. guy: he's changing some of the numbers, though, within the economy, particularly the fiscal deficit. he's pushing that back and wants to invest more money short-term into infrastructure. infrastructure

you are underweight and india in manufacturing -- in india in manufacturing. how does this ramp up the pressure? >> a lot of spotlight if you see the latest pmi numbers, under 50 consecutively. a lot more monetary easing and a lot more tools to be put in place to boost the economy. if you took a survey at the moment of most economists, they would be expecting the underlying growth in china is a lot lower than 7%. 7.3% in the fourth quarter. i expect it is a lot lower than that. we think the 7% target is more symbolic than anything. good evidence of that, department stores will report their earnings this week and next. they will be tough. i think the consumer is doing a little tough. >> when you say a lot lower, it sounds pretty bleak. >> it will be negative the cross. you have a lot of new store openings. retail sales are about 10%. department stores traditionally very good working capital you do not hold the inventory. for china department stores, you will see very soft earnings in both the actuals and the guides. anyone who has been the china and -- to china

so 329, target for india. we're going to go to delhi, because i think you can still say you're enjoying it sandra although it is looking a little bit rum for india at the moment isn't it? >> it is. it is, indeed. the music's still playing here but the energy has sort of disappeared from this crowd. a lot of downcast faces, because i think it's looking quite difficult for india at the moment. there's still a lot of die-hard fans here who are pinning their homes on the india captain. they think as long as he's there, anything's possible. but the kind of excitement and pulsating moments we experienced earlier in the day is noticeably -- has noticeably disappeared and somewhat surprisingly, somewhat downcast. there's still cheering though for every single run. because they say as long as the indians are out there, maybe they can still pull this one off. >> you've got your back to the screen, i can tell you, there was another fore there. and without getting too crickety about it he is a brilliant finisher of a game

documentary, "india's daughter." >> according to the latest government figures, a woman is raped in india every 20 minutes. but most rapes are unreported. this rape led to unprecedented protests erupting across india. the silence has been broken. >> brown: the documentary had its u.s. premiere in new york last night, and is already airing in britain, but not in india. the indian government has banned the film, saying the producers never got permission to interview one of the suspects in prison, and that his statements are "an affront to the dignity of women." the suspect, mukesh singh, was driving the bus, and is one of four men currently on death row for the crime. in the documentary, he appears unrepentant, and unaffected. >> ( translated ): a decent girl won't roam around at 9:00 at night. a girl is far more responsible for rape than a boy. the defendants' defense lawyers voice similar opinions. >> in our society, we never allow girls to come out from the house after 6:30 or 7:30 or 8:30 in the evening with any unknown person. >> brown: but jyoti singh's mother is indignant at such tal

india has overtaken china is the world's biggest importer of weapons. that is according to the latest report of the stockholm peace research institute. but the united states and russia still remain in the first two places by a wide margin, with the arms industry they're doing this business. >> the new reports say that global arms trade grew by 60% over the past decade. some regions saw a bigger increase than others. >> asia is the biggest market for exports and the u.s. remains the biggest exporter ahead of the europeans. other players are emerging. we are seeing more activity from russia and the chinese are expanding their arms sales. >> the three largest exporters the u.s., russia, and china showed a big increases in the arms trade compared to the previous five years, where chinese weapons exports grew by 150%. germany slipped to fourth place exporting 40% less. german hardware, like a leopard tank, is in demand, but the government is approving fewer deals them before, even though germany has filled some big orders in recent years including to the mid

i'll focus on india specifically. with an average age of 26 it has such an amazing demographic boost where so many other countries have head winds. modi's reforms seem to be catching the eye of global investors and taking hold. there are huge opportunities ahead even in the differential between china and india. india is probably where china was in the early 2000. >> do you think we might have seen more here on the budget it could have been more quickly? >> i think people look for the big bang. to some extent the boil the frog approach may make more sense in india. when i look at the moves in this budget particularly some of the underlying currents toward infrastructure, the spends that are planned, the support for the states, i think there are some elements in there that definitely go toward the long-term growth. that's what they have to focus on. not a big bang that makes global investors sit up. >> that was earlier on and just talking about the benefits to india where we are on the energy price. you've been catching

india's -- "india's daughter" focuses on the savage rape of a young woman on a bus in 2012. she later died of her injuries. >> the attack triggered massive protests across the country and forced a change in india's rape laws. the documentary includes an interview with one of the rapists who blames the victim for the crime. the government said the documentary appears to encourage and incite violence against women. >> we have more from mumbai. rape is a real issue there. the country struggling to deal with sexual violence. what exactly does the indian government disagree with and why do they see the documentary as so dangerous? >> they don't want it to air and create what they say would be potentially a law and order situation. the documentary does have an interview with one of the rapists. while we can't quote from his interview, i can tell you that what he says in the interview is very very controversial. the filmmaker herself summarizes the interview and this will give a sense of how controversial it is what he said. >> no regret for one second out of 16 hours? no regret. i

>>> the government ban on india's daughter is being criticized by india's newspapers. if the goal is preventing rapes, it can't be done by pushing testimony into the shadows. the indian express calls the government's response misdirected writing, conviction rates for rape have fallen from 44% in 1973 to 24% in 2012. >> we want to go now to another story. u.s. law enforcement officials say they have charged a virginia teenager with recruiting for isis. his name has not been disclosed but school officials tell cnn the 17-year-old is involved in this high school you see here. but currently not attending classes. the teen is accused of helping a man travel to syria to fight for isis. one law enforcement official says the boy has been charged as a juvenile but prosecutors are seeking to charge him as an adult. john? >> the identity of the isis executioner known as jihadi john is now being called into question, and the man making the challenge is threatening legal action as well. nic robertson has the details. >> reporter: a man who says he's muhammad emwazi's father who has

why does india want to ban this documentary? >> i think india's general sensitivity to media criticism, especially when it's foreign or western media criticism, is in overdrive here. i also think it's a really important detail that this documentary is made by a british woman, and i think there attempts to be a little bit extra sensitivity when you know the criticism -- the film was made by a british film documentary filmmaker. what i'm really concerned about is that everybody is getting caught up in this controversy over this documentary. but the documentary here is not the crime. the crime that we're dealing with is violence against women and the role >> the crime twheer dealing with is violence against women and the role that men play in it. i think that's what we should keep our focus on. i'm very very concerned that the brouhaha being made over this documentary is distracting us. >> freida pinto, the actress famous here tweeted this. how can we change mindsets if we don't know what we're up against. facts are a reality we ne

. >> the foreign minister said india will support sri lanka to bring reconciliation after decades of civil war. >> we stand with you in your efforts to build a future that accommodates the expeditions of all sections of the society including a life of equality, and justice in sri lanka. >> the new government was urged to work toward a speedy resolution saying india would support and stand by side with sri lanka. using the leverage that he has with parties the prime minister advised them not to expect too much too early giving them a clear message. >> to be patient, that india would be with us, and that by not rocking the boat too much, or not delaying the process, we should take it to its logical conclusion, and actually reap the benefits of this change. >> unlike visits by international leaders to the north, there were no major demonstrations or protests. this group representing families of missing people and women and fisherman organizations protested outside the india consulate. >> it's 25 years since we were displaced. we kept moving houses, people living in temporary camps. this

india did cut. china was the 17th central bank to cut rates this year and the view of jpmorgan is that it will end by mid-year, once the fed raises interest rates. >> "countdown" continues in the next hour. ♪ >> surprise rate cut in india. >> bank under pressure. earnings a week after the top level shakeup. rbs reportedly cutting 14,000 jobs. >> china's biggest event kicks off as lawmakers get ready together for the people's conference. >> and iran and western officials look to strike in accord as israel warns it will pay the -- pave the way for a bomb. >> welcome to countdown. i am manus cranny. >> i am anna edwards. >> one last look at the geneva motor show. sergio martino says despite current slow growth, prospects for the future are promising. >> it is nothing spectacular but it is consistent. it is not a fly-by-night. a flimsy recovery. it is a decent base on which to build the future. if the economic reforms being carried out by european government and the union finds a way to know how to ma

the young man was from india. brought a woman from india. but the amazing thing was, that enslaved couple actually fell in love, even though it was kind of a fixed marriage. and the neighbor began to realize what was going on, realized, "that guy's sleeping in the basement, on the floor." >> hinojosa: and did they call? >> she helped them. she talked to them. she helped them escape, and got them off to a job. >> hinojosa: you actually say that one of the things that's amazing in the work that you do is that slaves can be freed, or have been freed, by human acts of kindness and awareness. >> in the united states, about a third of all the people who come out of slavery come out because of good samaritans-- citizens who have got their eyes open, who just take that moment and say, "honey, are you okay?" >> hinojosa: and maybe ask that question more than once. >> yeah. >> hinojosa: so it's domestic workers... >> people in prostitution. >> hinojosa: trafficked women. >> agricultural workers. >> hinojosa: agricultural workers. how do you... i was j

monetary fund on a two-day visit to india. she's praised the steps taken by the government. the imf projections put india ahead of china by 2016. we have been following the story. >> reporter: the projections for india are correct. it's going to be the fastest growing large economy in the world. i mean this is just quite massive. of course one of the big risks for india is the high value of the u.s. dollar. over the last five years, you have seen a lot of companies have been borrowing a lot of dollars. when we are seeing the u.s. dollar at such a high rate it has an effect on emerging economies, india being one of them. one thing i want to point out that you highlighted is her emphasis on women. christine la guard is the first woman to lead the international monetary fund. this is something she's talked about in more areas, not just india. when you look at india and the labor participation rate there's the largest gap between how many women are working and men are working. she thinks that's quite important to address. when you

. >> india's military is on a shopping spree. the past decade has seep the country rise to become the number one arms importer. since independence, india relied heavily on the soviet union and later russia for armaments because they were given a line of credit. >> it's what we need at the affordable price and we're willing to give it. >> military analyst say india imports arms because it has no choice. >> we do not have defense base in the country. india's arms imports hasriesen steadily over the years. some believe as the military responsibilities grow, the country needs to buy more weapons. >> it isn't enough. the challenges to india's national security are growing by the day. we have unresolved territorial disputes with china and pakistan and we are not in my view spending enough on defense to be able to cope with the growing challenges. >> india has recently become closer to the u.s. and may soon be able to procure american arms that have long been embargoed. under the prime minister, the countries intention may well be to be

talks between rival political parties, trying to end the crisis. >> india's prime minister has arrived in sri lanka for a three-day visit, due to held talks. expected to top the agenda. libyan t.v. channel has played a leaked recording suggesting that the egyptian government may have provided illegal arms to libya. the deal said to have taken place when egyptian president sisi was defense minister. it suggests egypt provided weapons to malitias fighting forces loyal to the gnc. it would have broken a u.n. arms embargo after the fall of my marched gadaffi. he is alleged to have held secret meetings. the leaks also suggest that the uae backed egypt's actions in libya. sisi's office >>> about the islamists gaining power any place in the region and, of course there have been you know, there have been indications that the gnc government is teaming up with some of the so-called islamist groups. >> bangladeshi authorities are searching for survivors after a factory collapsed killing at least 7 people. about 150 were working on the building kwht roof caved in. the cement factory was under cons

what reaction in india to the fact that this can now be seen abroad? >> reporter: well, as a i said there's been a huge debate about this. there's been a massive discussion on social media, a huge discussion in the media. india is a very vibrant, vigorous democracy, so there has been a lot of debate and a lot of people are angry that the government has decided to ban this. of course there's a section that believes that the incredibly offensive things that the convicted rapist said should not be heard anywhere, a sense that it would shame india. that one government minister described it as a conspiracy to defame india in the world. there is a sense that india's reputation might be damaged by the film but at the same time there is a very strong feeling in india that indians should be allowed to see the film. that there should be an open debate about the subjects that the film raises. >> justin in delhi, thank you very much. >>> and i do stay with us here on bbc world news. still to come -- ♪ baby baby baby ♪ >> we hear from the teenage sisters from p

the fifth wicket partnership won the match for india. india will play bangladesh in the quarterfinals. >> when you get to the knock out stages you want to have runs under your belt. it doesn't matter how many runs but once you get going it just gives you that good feeling which i feel is important. so over all that's one of the main reasons i would say it's a good game for us, and all the batsman, we were doing a bit and started to stop a bit also, and the bowlers they exploited it. so overall it was a good game. >> meanwhile co-hosts australia and and scotland. a victory infer in doubt with seven wickets to spare. >> confidence is going to be hi i think we're doing quite well. we're training well. so it will personally just nice to see the ball coming. >> soserena williams has come back to aftercome back to india after her self-imposed ban when her sister was booed at an event. and they're all at 9 under with three other players just one-shot behind. meanwhile american jonathan byrd missed the cup at the pga event but had the consolatio

india's third gender. transsexuals stand up for their rights. how cambodia is trying to keep its wildlife safe from poachers. the second richest country in the world fails to provide a roof over the heads of some two and a half million children who are homeless in america. latest figures show the economy is picking up again. still new york alone has some 20,000 people living only in the shadowns of its skyscrapers. never have so few been so rich and so many so poor. we meet a family that knows what it's like to be simply a number in a negative statistic. >> lisa picks up her youngest children from school. it's a cold new york winter day. lisa does what most parents do to try to create a stable daily routine, a warm nest. but she doesn't have a nest. for the past three years, lisa, her husband and four of their eight children are homeless. they're living in a shelter here in the bronx, but often they sit outside, in a public space on a six-lane street. lisa is deaf, but she's able to speak. >> we lost our house because the landlord, he just left.

for 200 years, but now india owns iconic british bands. in recent years india has overlooked british trade favoring the likes of france and germany, and britain wants to change all that have. this, of course, is a statue of a great man. this is a british charm offensive. >> is this honoring a great man and securing lucrative indian trade agreements, isn't it. >> it's not at all. if you look around, you'll see statues of nelson mandela abraham lincoln, winston churchill. >> reporter: he was a thorn in the side of the british empire but gandy's philosophy of non-violence resistence influenced many around the globe. the tolerance that led to assassinations of a hinn to you nationalist. but hegandhi also had powerful critics especially those bent on preserving the empire. winston said: today churchill and gandhi are awkward neighbors. for some he's an unlikely addition here next to the seat of british government, nevertheless his statue stands as a cautionary reminder that power fades, and empires rise and fall. >> we have much more on our web

southern nepal at the border within india. nepalis and indians can cross into each other's country freely as a result of a bilateral treaty signed in 1950, but the poorest border may the trafficking of women easy. police and ngos are working together to crack down on traffickers. still each year more than 10,000 women, mostly teenagers, are smuggled across and forced into a life of prostitution. a few hundred of them succeed in escaping from their captors or are rescued by indian authorities or ngos, but they're ordeal doesn't end when they return to nepal. many are shunned by their communities and labeled as prostitutes. in 2007, the government amended laws to criticalize n icriminale captors but everyone else. this has done little to stop the trade. this shelter in a residential area of katmandu is a place of refuge for 25 sex traffickers aged between 11 and 30. the group has two other such shelters in other parts of the country. she came here six months ago. still just 18 years old, she comes from a nearby village where she

india canceled foreign second level talks scheduled for zest september last year at india accused pakistan of violating a line of control in kashmir and after the pakistani ambassador met with separatist leaders here in new delhi. after that neither side seemed interested in resuming talks until now. which were reportedly encouraged by u.s. press barack obama during his recent visit to india. while many people are hoping today's talks will lead to more dialogue between the two countries, many here in new delhi are being caw shows about the outcome of the today's meeting. >>> a group of politicians in the u.k. has strongly criticize the the detention for refugees. it's the only country that doesn't have a limit while applications are being practice heheprocessed. >> reporter: critics say they are more than liar prisons. which can hold people indefinitely while they wait to find out if they are going to be thrown out the u.k. so the fact that a committee of politicians from all three major parties has acknowledged that there is a problem does mean something. >> i think the problem with the s

he promised india's corporation with authorities them on maritime security. and we apologize for calling modi india's president in earlier broadcasts. >>> insurgents have attacked a police checkpoint in afghanistan southeast killing seven policemen. the incident is the latest in a string of clashes this week. ap news agency quotes a provincial official as saying the attack took place on friday in ghazni province. they opened fire with machine guns and grenade launchers. three attackers were killed. the attack marked the third consecutive day of such incidents. on thursday up to 30 gunmen ambushed policemen in kunduz province killing seven officers and a police security post was a province killing seven police tacked on wednesday in parwan province that left four policemen dead. more than 5,000 police officers were killed by insurgents in afghanistan last year. with foreign combat troops now out of the country, the taliban has been intensifying its attacks. concerns are mounting over the viability of afghanistan's security forces. >>> atrocities of the khmer r

india canceled talks scheduled last year after they accused india of violating a line in kashmir and met with kashmir-y separatist leaders here in new deal a after that delhi. until then neither side was interesting in talking until president obama owe came here and suggested they speak. new here are being cautious about the outcome of today's meeting. >>> a group of poll ties in the u.k. is strongly criticize the the country's detention system for refugees, it is the only european country that doesn't have a limit on the amount of time migrants can be held. while their applications are processed. lawrence lee reports. >> reporter: the critics say they are more like prisons which can hold people indefinitely while they wait to find out if they are going to be thrown out of the u.k. so the fact that the committee of politicians from all three major parties has acknowledged that there is a problem does mean something. >> i think the problem with the system at the moment is that it is completely ineffective. and we hold people for far too long and we hold people who are extremely vulner

we did hear him talk about india india's support for sri lanka basically a process that he said would be expedited by introducing the 13th amendment, constitutional changes. now, here in jaffna again behind me you see the historic jaffna public library, a place of culture and learning. it was burned down, and it's been rebuilt now. he came to meet the governor and other officials and watched a cultural performance by school children, but his messages are not just political. it is that affinity between india and sri lanka an affinity that has been strained in recent years. but here in the northern province not just as is he talking about india standing side by side with sri lanka in pursuit of a future, including the tamil minority, which he said would bring equality, justice and dignity and peace for all and he did talk very much about the fact that the tamil national alliance, who he spoke to should nottic rocking the boat and acknowledge the fact that and realize it's just two months since the new government took office, and it's march, there is a lot of work to be done in given equ

being shown in india, but on wednesday, bbc broadcast it in the uk and that's angered india's home minister. he's warned he'll take further action. let's get more from delia arlia who's in delhi for us. is there any indication what that further action might be? >> reporter: the home minister has not specified exactly what they plan to do but he did express clear displeasure with the action of bbc, of bringing the date of broadcast further and actually going ahead with it. and he said that they had informed the bbc to not go ahead with it and they will now see what further action they need to take. he also said that they are looking at what action they need to take against the officials who did give permission for the interview of a convicted rapist in the prison. but, again, he did not say what that would be. >> now, the film has been scheduled to be shown in india this coming sunday on ndtv. that's being stopped because of a police injunction. >> indeed. that has been stopped, also the film became available on youtube, but the youtube authorities have also taken it off, and when you access

india certainly made life hard for themselves. the top man fell to 4 for 78 with a cool head who came to india's rescue. his unbeaten 45 steered them to a 4-wicket victory. >> the last few games we have played under different conditions. the guys have stepped up, you know, they have altered their behavior. so all of it is looking very complete the performance so far. >> reporter: india are now guaranteed to top pool b, while the wind's fate is out of their hands. >>> tennis world number 1 gave serbia a winning start against croatia. he beat world number 158. the opening in the best of five world group first round. >>> serbia finished the day 2-0 up. victor come from two sets down against the 18 year old. he eventually won in five sets in a match lasting over three hours. >>> now the chinese marshall art of wushu will once again try to become an olympic sport. the sport missed out on inclusion for the 2020 tokyo games. he says the report needs to expand its reach and will feature at this year's all africa games in congo. much more

india is in a sweet spot currently. all, they said what if this window closes once we see prices go up, we will see more inflationary pressures here. being the third biggest importer of crude, that leaves the budget vulnerable once you see those oil prices rise. >> how do investors create budgets? let's take a look at the chart real quick. it was quite a volatile day of trading. 12 changes in directional moves there in just one day alone. talk about gold, because that was a big highlight of the weekend there. a lot of investors and traders were expecting this tax cut on gold, but that did not happen. gold imports seen surging in india. they said purchases may jump to 100 metric tons in march for about 25 tons in february. >> lots to digest. certainly why we saw those massive swings on saturday. thank you so much for that. we have a special show on the budget later this morning for you. join bloomberg tv india anchor and his guests at midday hong kong and singapore time, half past 9:00 in sydney. you don't want to miss t

let's have a quick look at the sensex in india. it did cross into an all time record high level earlier into trade wut it has given up those gains. finishing down .7%. this followed a rate cut from the central bank of india earlier today from 7.75% to 7.5%. it was the second surprise rate cut this calendar year and crucially follows the budget we had over the weekend. it puts india on the path of fiscal support with various infrastructure plans and easing monetary policy this morning over the last 12 months it's up some 40%. so moves of this kind not surprised. >> benjamin netanyahu told a joint session of congress a diplomatic agreement with iran will guarantee a nuclear weapon. in the speech which has drawn anger from white house officials he opposed the strategy favored by president obama. >> the deal has two major concessions. one leaving iran with a vast nuclear program and two lifting the restrictions on that program in about a decade. that's why this deal is so bad. it doesn't block iran's path to the bomb. it paefs iran's p

india is the star of the brics, brazil russia indian and china. so the u.s. tapering its impact on equity markets sort of worries me. obviously, the middle east worries me. but i think on balance the situation in europe not greece the only thing about greece is that if concessions were made is what impact that would have on other countries that are in difficult positions and a weakening of resolve in relation to what needs to be done in europe. but on balance, i think the ukraine, russia sanctions, and the situation in western continental europe. >> so let's head back to our top story, and the european central bank finally beginning its trillion euro quantitative easing program. jamian mcginnis joins us live from germany where the european central bank is based. damian it's finally happening, isn't it? the ecb expected to put out 850 billion iuoriosyour euros between now and 2016. do we know which governments and which economies they're looking at at this stage? do we know that level of detail? >> well, what we do know alice, the main points is to help the we

of billion indias and one fish. the in the indian city of chinai they have picked australia ahead of the game. he has picked the winner before all knock out games so far. will australia knock them off their perch? >> you can blame my producer for that pun. >> indeed. it wasn't a perch. staying with the fish thing we'll talk about the rain forest at coral reefs occupying 1% of the ocean floor but hold a quarter of marine species. we go to a new marine ex-addition in london that highlights why they're important. >> it's a window to underwater world. it does not often feature living objects but this new show is a chance to look into the past and the future. the teams brought together corals that are nearly 200 years old with examples of diverse creatures that make reefs their home. the aim is to highlight the role reefs play in our ecosystem. >> they are dependent on the coral reefs for their economic well-being either by fisheries or using them as tourist industries or has coastal protection because coral reefs are bu

. >> india's military is on a shopping spree. the past decade has seen the country rise to become the number one arms importer. since indians india relied heavily on the soviet union and later russia for most of its armament. >> there is no policy to go east west or any such thing. it's what we need. >> on analysts say that india imports arms because it has no choice. >> because we do not have a very robust distribution defense industry in the country. that's the reason why we're number one imports. >> india's arm imports have risen steadily over the past ten years. some defense analysts believe that it's india's military responsibility to buy more weapons. >> it is not enough. the threats and challenges are growing by the day. we have unresolveed boundary disputes, and in my view, we're not spending enough on defense to be able to cope with the growing threats and challenges. >> india has recently become closer to the u.s. and may soon be able to brodeur american arms that have long been embargoed. at the same time under prime m

as india went on to post 302 for 6. as india whittled away their wickets, bowling them out for 193 to win by 109 runs. >> [ inaudible ] wrote the reason we kept falling on the other side and silly kept himself very strong. but still he knew if he was there and if he plays maximum number of balls he can definitely score and score at a good pace. >> reporter: so india through to the semifinals and meeting either australia or pakistan. >>> india march on. bangladesh are out. the team did reach the quarter finals for the first time but what did their fans think from home. >> reporter: the high spirits at the beginning of the day faded fast as defeat to the defending world champions seemed to become more and more inevitable. there is some bitterness and questionable umpiring decisions, that many people caused the hill to be too steep to come. but this is the first time that bangladesh has made it through to the quarter finals of the world cup. as one fan put it, they were playing with house money now, that anything else from

india eventually dismissed for 233. >> once we came back into the game, i restricted them to 237. i felt it was a good score. it needed good backing and good partnership. >> my opinion was we had to try to bowl indy ia out. >>> india will be returning home empty handed. our correspondent is in delhi, and she says fans are still coming to terms with the world cup exit. >> reporter: people across india called in a slow thursday. we heard personal stories of businesses allowing employees to watch the match at work just so they could continue to be productive. and we heard of students who took the day off of school to watch their superhere yous. markets like this that are usually seething with traffic and people of all kinds and activity have ground to a halt. there is absolutely -- well not much going on. roads that are filled with traffic are an absolute breeze to drive on and we anticipate they will be perhaps for some days, as india comes to the realization that it has lost the semifinal. india has not been able to make it to final appearances and victories in a row. >> we were ex

the reserve bank of india cut the rate to 7.5%. the cut comes days after the government unveiled the business friendly budget aimed at attracting greater investment for the economy. >>> ukraine's central bank has sharply done the opposite. it raised interest rates from 19.5% to 30% in an effort to curve inflation and prop up its beleaguered currency. in the last year it lost two-thirds of its value against the dollar. inflation is expected to hit at least 26% this year some suggesting it may be 30%. the move was welcome by the people of ukraine but there are fears the country's economy is in free fall. it is cast to shrink this year. >>> on tuesday you may remember although it was yesterday. i told you. the most expensive cities in the world to live. today we are talking about where you should live for the best quality of life. and the winner this year is vienna. they all come closely behind. the survey conducted considers many different parameters including transport, crime levels availability of education and also access to green

india is poised to grow 8.5% for the current year. corporate india has been very skeptical and has been complaining that it remains very high. this comes as a surprise and every economist that bloomberg has surveyed said they do not expect a mid-march cut. one thing that will ease the nerves of empires is the fact that the r.b.i. in the government are finally singing the same tune. the chief economic advisor to the government and the finance minister have reiterated that they are on the same page when