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Cancellation of a $1.2 billion World Bank (WB) loan for construction of a bridge over the river Padma connecting the capital Dhaka with the south west of the country has arrived like a like a new circus in town, a new tamasha (spectacle) to entertain in Bangladesh.

 

Building upon the success of a regional investors' meet India hosted last month, External Affairs Minister S.M. Krishna Sunday heads to the Tokyo Donors' Conference to pitch for an investment-driven approach to stabilise Afghanistan in the wake of the drawdown of combat troops from that country in 2014.

 

Despite the deadline of releasing the ordinance budget coming very close, strong opposition mainly by the two major political parties is continuing. Retrospectively, during the four years of the Constituency Assembly (CA), the budget was misused as a ploy to continue or topple down the governments ignoring the role of the CA.

 

India has jumped to the second position in the Global Innovation Efficiency Index in 2012, from 9th position last year, according to a study. The Global Competitiveness Report 2011-2012 released Tuesday assessed the ability of the world countries to promote innovation and knowledge to push their economies to compete globally.

 

The latest report of the Asian Development Bank indicates that 6 million 90 thousand people fall under the middle class category in Nepal. This class of people earn 150 to 1500 rupees per day. This is the first such kind of statistics which is clear and defines the income of the middle class in Nepal.

 

Afghanistan wants to trade with India through the Wagah-Attari land border in Punjab and has urged Pakistan to work out a mechanism that would spur regional trade and boost economic engagement in South Asia.

 

According to the MDGs Progress Report 2011 of Bangladesh, 25 million (19.5%) people are living under the lower poverty line (food consumption under 1805 kilo calorie/capita/day) in Bangladesh.

 

World Bank has decided to cancel its $1.2 billion credit for Bangladesh's Padma Multipurpose Bridge project, said WB statement received here Saturday.

 

By this time, few people in the country are under the illusion that Pakistan is not sleepwalking its way back to the IMF. Policy inaction spread over several years has been compounded by accommodative policy settings, a drying up of external inflows and a ‘bunching up’ of debt repayment liabilities.

 

Commerce and Industry Minister Anand Sharma said Thursday he would soon lead an Indian business delegation to Afghanistan in a bid to enhance economic engagements between the two countries.

 


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