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Punjab Is The Most Prosperous State In India

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Punjab Is The Most Prosperous State In India

Punjab Is The Most Prosperous State In India

New Delhi: It’s official now. Punjab is the most prosperous state in India even though as a wag suggested, half of its population is, any time of the day, willing to move to Canada Maharashtra may boast the highest per capita income, but it’s Punjab that has all the goodies. In terms of equity, Kerala pips Punjab to the top slot, while Andhra Pradesh has the highest levels of disparity, says a new study that ranks states based on pattern of ownership of consumer durables.

 These and other facts are said to be contained in a research project by Crisil, exclusively reported by the Times of India.

Crisil has developed indices of prosperity and equity (the agency terms it ‘equality index) based on the pattern of ownership of consumer durables across various regions in a state, using the 2011 census data. Neither do they account for inter-state differences in ownership of financial or other assets, such as land, nor do they capture differences in education levels across states , which is an important indicator of future income and future standard of living.

 The findings show that Punjab has the highest proportion of households with all durables, including a computer (10 in every 100) and the lowest proportion of households with no durable asset, not even a mobile or a bicycle (just over 4%). The agency attributed this to the success of agriculture in the state, along with high minimum support price and public procurement of grains.

 Number two is Kerala, where high level of remittance, along with healthy farm and tourism sectors, has brought about prosperity. It is followed by Haryana, Karnataka, Tamil Nadu and Gujarat, indicating that high rates of growth have brought about prosperity measured in terms of ownership of cars and two-wheelers, mobile phones and computers.

 Crisil has classified Narendra Modi-led Gujarat in the top bracket of three states with high prosperity and high equality among the high-growth states (Kerala and Punjab being the others). While Kerala and Punjab also have the least disparity – measured by asset ownership between their capital cities and the rest of the state – Chhattisgarh, Bihar and Jharkhand, which have low levels of prosperity, rank high as most households, equally, do not own assets. The analysis shows that gauging states merely on the basis of ownership of consumer durables may not be the best way to measure equity.

 Among cities, Gurgaon is the most prosperous, with one in five households owning an asset, while Chennai tops the list among state capitals, followed by Hyderabad and Bangalore. Patna and Raipur put up the worst show. In southern states, barring Kerala, the capital cities seemed completely cut off from the rest of the state: Tamil Nadu, Andhra Pradesh and Karnataka fared badly on Crisil’s equality index.

 Maharashtra has the highest level of real income per person among major Indian states. But the penetration of household ownership of durable assets in the state is lower than six others.

SOUTH ASIA

Pakistani Anti-graft body wants travel ban on Nawaz Sharif, kin

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Nawaz sharif

Pakistan’s anti-corruption watchdog has asked authorities to place ousted premier Nawaz Sharif, his daughter and son-in-law on the Exit Control List to prevent them from leaving the country.

The National Accountability Bureau (NAB) sent a formal request to the ministry of interior. The interior ministry officials confirmed that the NAB wrote that names of Sharif, his daughter Maryam Nawaz and son-in-law Capt (retd) Muhammad Safdar should be put on the Exit Control List (ECL), which listed individuals not allowed to leave Pakistan.

The NAB argued that as the trial of the three nears its conclusion, it is feared that they would leave the country.

Earlier, a similar request to place name of finance minister Ishaq Dar on ECL was not accepted, allowing him to go to London and never return.

Sharif, 68, and his family this week filed an application with the accountability court seeking a fortnight’s exemption from personal appearance from February 19 onwards to let them go to London to see Sharif’s ailing wife. Three cases were filed against Sharif and his family last year, including Avenfield properties, Azizia & Hill Metal Establishment, and Flagship Investments.

Maryam and Safdar are accused only in Avenfield properties case. The NAB had filed two supplementary references against Sharif, his sons Hasan and Hussain regarding Al-Azizia Steel Mills & Hill Metal Establishment and Flagship Investment cases.

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Pakistan “breaches obligations’ on nuclear arms reduction, UN court told

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The Hague: Pakistan is violating its “obligations” to the international community by failing to reduce its nuclear arsenal, the Marshall Islands told the UN’s highest court on Tuesday.

The small Pacific Island nation is this week launching three unusual cases against India, Pakistan and Britain before the International Court of Justice.

Majuro wants to put a new spotlight on the global nuclear threat, its lawyers said yesterday, by using its own experience with massive US-led nuclear tests in the 1940s and 1950s.

“Pakistan is in breach of its obligations owed to the international community as a whole,” when it comes to reducing its nuclear stockpile, said Nicholas Grief, one of the island nation’s lawyers.

Islamabad and its nuclear-armed neighbour India “continue to engage in a quantitative build-up and a qualitative improvement” of their atomic stockpiles, added Tony deBrum, a Marshallese government minister.

DeBrum warned that even a “limited nuclear war” involving the two countries would “threaten the existence” of his island nation people.

Pakistan and India have fought three wars since independence from Britain in 1947, two of them over the disputed Himalayan territory of Kashmir.

In 1998, the rival neighbours both demonstrated nuclear weapons capability.

The ICJ’s judges are holding hearings for the next week and a half to decide whether it is competent to hear the lawsuits brought against India and Pakistan — neither of which have signed the 1968 nuclear Non-Proliferation Treaty (NPT).

A third hearing against Britain — which has signed the NPT — scheduled to start on Wednesday will be devoted to “preliminary objections” raised by London.

The Marshalls initially sought to bring a case against nine countries it said possessed nuclear arms: Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States.
Israel has never admitted to having nuclear weapons.

But the Hague-based ICJ, set up in 1945 to rule in disputes between states, has only admitted three cases against Britain, India and Pakistan, because they have accepted the ICJ’s compulsory jurisdiction.

Pakistan’s lawyers did not attend Tuesday’s hearings.

It did however file a counter-claim against Majuro’s allegations saying “the court has no jurisdiction to deal with the application” and insisting that the case is “not admissible”, said ICJ President Ronny Abraham.

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SOUTH ASIA

Bangladesh to drop Islam as official religion following attacks on Hindus

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Bangladesh to drop Islam as official religion following attacks on Hindus

New Delhi: Bangladesh is likely to drop Islam as its official religion following a series of attacks on people from other faiths in the country. The country’s Supreme Court is hearing a plea challenging the status of the official religion of the country to Islam.

Bangladesh, which was declared a secular country after its formation in 1971, was declared an Islamic country following a constitutional amendment in 1988.

According to a report in the Daily Mail, the plea has challenged the declaration of Islam as the national religion of the country.

The move is being supported by leaders from the minority communities like Hindus, Christians and Muslim minority Shiites.

Bangladesh has 90 per cent of Muslims, 8 per cent Hindus and remaining constitutes Christians and Muslim minority Shiites.

In last month, a Hindu priest was hacked to death following an attack on a temple in Panchgarh district. Two others were seriously injured in the attack. There have been several lethal attacks on writers and bloggers.

According to a report in the Independent, Islamist groups Jumatul Mujahedeen Bangladesh and Ansarullah Bangla Team are believed to have carried out at least seven attacks on foreign and minority people in Bangladesh in the past year.

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Temple

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