THIMPHU, BHUTAN // Prime Minister Manmohan Singh and his Pakistani counterpart, Yousuf Raza Gilani, held their first meeting in more than nine months today, signalling a thaw in icy relations since the deadly 2008 Mumbai terror attacks.
The talks lasted for an hour and 15 minutes and were held in Thimphu, the capital of the tiny Himalayan kingdom of Bhutan, on the sidelines of a regional meeting of leaders from South Asian countries.
Details about the talks were not immediately available, said Muthu Kumar, a spokesman of the Indian prime minister's office.
Singh and Gilani had earlier met for talks at the Egyptian resort of Sharm-el-Sheikh in July.
Peace talks between India and Pakistan were stalled after a terror attack on Mumbai, India's financial hub, in 2008 in which 166 people were killed. New Delhi blamed the attacks on Pakistan-based militants.
India and Pakistan have been under pressure to resume the dialogue despite New Delhi's continued insistence that Pakistan has not done enough to rein in Muslim extremists.
India says Pakistan must do more to dismantle terror bases in that country and has given Islamabad dossiers on those linked to the Mumbai attacks.
Pakistan is trying seven men on charges they planned and carried out the Mumbai attacks, but the militant network blamed for the assault continues to operate relatively freely in the country.
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Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."