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The Economist

Hello and welcome to the intelligence from The Economist.

I'm Rosie Bloor.

And I'm Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

You may have heard that churches tend to be rather rich, and that certainly gives them power, but it doesn't always help to make a flock more devout.

Our correspondent explains why even priests and the clergy need the free market to find followers.

And history is littered with media formats that died out.

Remember cassettes, eight tracks, reel to reel?

Here's the thing, those all used magnetic tape.

And it's shocking just how many institutions and companies, even high-tech

ones, still use it. But first... For four consecutive days now, India's troops have exchanged overnight small arms fire

with Pakistan forces across the country's disputed border.

Meanwhile, India's Navy has been conducting a number of long-range missile drills.

The latest was yesterday.

These are just a few signs of precarious relations between the two countries

after last week's deadly militant attack on tourists in the Indian region of Jammu and Kashmir.

Narendra Modi, India's Prime Minister, has promised justice.

I say to the whole world,

India will identify,

...