The private institution does not do it voluntarily. Pakistan Govt (As all other Govts) pay them fees to rate their bonds. This is because no investor would invest in any security if it is not rated by a credible credit rating agency.
Last year's allocation was around 2.95trillion rupee, this year it's 3 trillion rupee. A rise of just 1.6%. In USD terms it actually fell from USD47 billion to USD 43 billion. Don't think such a deep cut is a good idea.
Okay, so IAF has two issues none of which realtes to the technical aspect of the fighter (As mentioned in the article the issue regarding ferry range has been resolved), but then according to some experts, IAF has rejected the jet that too after placing order for 40 of them.
The issues relate...
Don't worry, you can see it next month during Aero India 2019, which incidently is the second biggest air show in the world. And a month after that, probably in your home country too.
The article didn't mention Mumbai, but Bombay. Btw Mumbai was named after Mumbra Devi whose temple was built during the 16th century in the city. The locals called the place (in fact still call it) Mumbra and then Mumbai. Just like Dilli and Delhi or Pune and Poona. So yes the name Mumbai/Mumbra...
There was no Mumbai/Bombay before 1947?
The Portuguese named the place as Bombaim during the 16th Century, The Britisher's later named it Bombay Precedency, later it was named as Bombay state after India attained Independence. While not even a square inch of a territory was named as Pakistan...
So in 2 years after demonitization the currency in circulation fell by 0.7%. In these two years, India's nominal GDP in INR rose by about 24-25%. So lesser quantity of currency is in the market than what was during 15th Nov 2016, even though GDP rose by 25%, and you idiot think demonitization...
And why would either US or Russia help India covertly or overtly in enhancing it's space technology? Without all these technology India would be a huge market for these two countries. No country just gives away super critical technology just like that, look at China, they build and launch...
Yup, along with the world largest coal reserves, oil reserves, diamond and gold reserves and USD 200billion stashed in Swiss banks, soon dollars will indeed start flowing in Pakistani gutters.
Agreed. But does not apply in India's case. India does has it's own semiconductor foundry and produces high tech products too. That's why it gets orders to launch 100s of sattelites because it's cheaper here. Medical tourism is booming, again because it's cheaper here. We sent a sattelite to...
Ohk so let's say there are two countries A and B. A produces 100 units of a product which sales at $1 per unit in the local market. B produces 110 units of the same product having a market value of 50 cents in the local market. Country A as a nominal GDP of $100 while Country B has only $55...
So a country with pathetic levels of percapita electricity generation, steel consumption, cement consumption, literacy rate, a Country whose primary export product is textiles and raw materials is somehow filled with millionaires?