Pak Supreme Court disqualified Yusuf Raza Gilani as Prime Minister

Pakistan Supreme Court disqualified Yusuf Raza Gilani(Pakistan People’s Party) as Prime Minister in the wake of his conviction for contempt in April.
The PPP, which continues to enjoy a majority in the National Assembly with its coalition partners, announced it would consult allies and its legislators to finalise a replacement for Mr. Gilani.

Moody’s says India is in stagflation

Global financial services firm Moody’s said Indian economy is in stagflation, where growth is slow and inflation high, and cautioned that the Reserve Bank cannot go aggressive in cutting interest rates.

“India’s economy is in stagflation, with notably weaker growth but inflation still stubbornly high,” said Glenn Levine, Senior Economist, Moody’s Analytics.

Third Youth Asian games in a Sri Lankan port town

Sri Lanka’s southern port town of Hambantota awarded the third Youth Asian games in 2017. Which failed to win the bid to host the 2018 Commonwealth Games last year when it lost to Australia’s Gold Coast.