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Sensex

Sensex Hits Record High Above 23,000; Surges 650 Points

The BSE Sensex and Nifty hit a record high on Friday, posting their biggest daily gains since September on hopes the opposition Bharatiya Janata Party would win a majority in elections ending next week, sending blue-chips such as ICICI Bank sharply higher. May 10, 2014
assam-violence

"Election" Massacres of Muslims Darken Immigration Debate

From his hiding place in a cowshed, Sefaqul Islam watched as masked gunmen moved through his village, shot women and children dead with automatic rifles and tossed wounded survivors into the blazing remains of their homes. May 10, 2014
political-turmoil-reason-behind-economic-slowdown-in-bangladesh

Political turmoil reason behind economic slowdown in Bangladesh

Dhaka, May 1 (ANI): Experts blamed political unrest and uncertainty surrounding elections held in January for economic slowdown in Bangladesh. As predicted by International Monetary Fund (IMF), Gross Domestic Product (GDP) of Bangladesh this year is to be a little over five percent, lower than the six percent GDP last year. Apart from the political instability, investment stagnation and reduced remittance inflows are also quoted as major cause of slowdown. As per Bangladesh Bank, remittance flow has dipped by seven percent in the initial eight months of this fiscal year. The country went through a period of nationwide protests and turbulence during the elections that took place on January 05, 2014. But one of the blows that the youth faces due to the slowdown is the growing unemployment. Executive Chairman of PPRC, Hossain Zillur Rahman said Bangladesh cannot expect a vibrant economy below eight percent GDP. Therefore, to recover from the slowdown and battle chronic poverty, country's government needs to encourage investment and develop business confidence among other solutions. May 1, 2014
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Congress refers to World Bank report, hits back at BJP

New Delhi, May 01 (ANI): Congress hit back at main opposition Bharatiya Janata Party BJP, citing the World Bank report which enlisted India as third biggest economy in the world. According to a report released by World Bank on April 29, India displaced Japan to clinch the position of world’s third biggest economy in terms of purchasing power parity. Targeting BJP’s prime ministerial candidate Narendra Modi for his sharp attacks on Congress party and alleging weak economic policies and development fallouts during its terms, Congress leadership retorted back saying the World Bank report is an ‘answer’ to them. He added that party is not anticipating incumbency threat to Prime Minister Manmohan Singh and clarified that he has attended maximum number of election campaigns. Ahmad reaffirmed that India has achieved the feat because of Singh’s efforts. May 1, 2014
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