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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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Suspected SIMI operative arrested from Bhopal

Bhopal, April 28 (ANI): Anti-terrorist Squad (ATS) arrested suspected Students Islamic Movement of India (SIMI) activist Gulrez Mustafa from Bhopal railway station. Action against Mustafa, a resident of Choti Gwaltoli locality of Indore, who was on ATS radar for long, came on the basis intelligence inputs. Gulrez is believed to have helped terror suspect Abu Faisal alias doctor to escape to Mahidpur via Indore after escaping from Khandwa jail on October 1, 2013. In December last year, ATS had nabbed Faisal and two accomplices on December 24, 2013. Carrying a reward of Rs 15,000, Gulrez was on the run and was arrested with Faisal in 2007 from a hotel in Indore. Apr 28, 2014
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