Current Events Summary #6

Not much has happened economically these past few weeks. India’s giants railway network will receive $56bn over the next five years. The railway tends to upgrade their safety measures, add new routes, and other such commodities. This event caps an incredible turnaround after the railway nearly went bankrupt in 2001. The Indian government plans to cancel all farmers’ debt, the total amount of debts being wiped clean is $15bn. The debt removal will be offered to all farmers with less than two hectares of land. The government also plans to increase educational spending by 20% and health care funding by 15%. India and Pakistan are fighting over the rights to the name “Kashmir pashima.” This name involves the weaving of fine cloth into intricate designs. The designs are worth a lot of money and take over a week to make with 36 contributors. If the two countries make a joint agreement each country will have a share in the profit and reap a great deal of money, however if they do not come to an agreement they will be fighting endlessly.