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Economy and Business

Moving past the global economic powerhouses like the UK, Germany and France, the Indian economy would become the world's fifth largest by 2020 – a major jump from its 10th rank currently, a report has said. As per the CEBR forecast, India would be followed by Brazil (6th), Germany (7th), UK (8th), France (9th) and Italy (10th) in the top-ten league.As per the report, CEBR's chief Douglas McWilliams told BBC Radio 4 that Brazil overtaking the UK was part of a growing trend.

 

Poverty affects 40 percent of people in Bangladesh, and malnutrition is among the highest in the world, with 56 percent of preschoolers underweight. In an effort to combat these alarming numbers, the International Potato Center (CIP) is launching a new program in disaster-prone southern Bangladesh to raise incomes and improve nutritional health through potato, sweetpotato, and vegetables.  

 

Notwithstanding strong opposition to foreign direct investment in multi-brand retail, a Citi report today said the entry of global retailers like Walmart will increase competition in India's organised retail sector.In addition, USD 15-20 billion in FDI could flow into the country over the next 10 years as a result of the government's decision to allow foreign direct investment (FDI) in multi-brand retail, the report by the global financial services major said.

 

Sri Lanka's budget for next year will focus on the long-term socio-economic development of the country, especially in the areas of health, education and agriculture while reducing the poverty.Sri Lanka President Mahinda Rajapaksa in his capacity as Finance and Planning Minister presented the next year's budget today to the parliament. This is the 7th budget presented by the President.President Rajapaksa stated that 2012 will record an economic growth of 8%. By maintaining this, the goal of reaching a per-capita income of US$ 4000 will be realized by 2016.

 

India and Pakistan granted each other MFN status when they joined the General Agreement on Tariffs and Trade (GATT) in 1948. This framework governed their economic relations until 1965, despite bloody battles over partition and other issues.When the World Trade Organization was launched in 1995, India re-extended MFN to Pakistan. Islamabad did not reciprocate as opponents argued that MFN status should be used for leverage in negotiations over the disputed territory of Kashmir.Most significantly, deeper trade relations can help tie the two countries more closely together and convince them that tearing down barriers rather than sheltering behind national borders is the best way to secure peace and prosperity in South Asia.

 

 

Bangladesh has done better than many other least developed countries (LDCs) in terms of overall development scenario, particularly in economic vulnerability category, according to LDC Report 2011 released  by Unctad.However, with the better performance in reducing economic vulnerability, Bangladesh requires to increase per capita gross national income (GNI) and improve human assets index further to obtain the status of a developing country.

 

South Asian leaders concluded a two-day summit  with pledges to promote regional trade and facilitate communications and travel among their countries.The summit adopted the ‘Addu Declaration’ which lays emphasis on effective implementation of the South Asian Free Trade Area (Safta) accord, reduction in sensitive lists and resolution of the issue of non-tariff barriers among the Members of Saarc.

 

 

The global economic balance has shifted decisively in favour of East Asia and India is figuring prominently as a front runner in dynamic economic growth.Most of the economies in India's neighbourhood could be said to be on the rebound and the time could not have been riper for a consolidation of economic and other forms of cooperation among the SAARC Eight.

 

The anticipated growth of population in India over the decades ahead is 600 million. The Ditchley Foundation records that, according to a recent study 26% of the present population is below the official poverty line.It is envisioned that India will strengthen its already robust educational structure by massive investments in education in the future.

 

Senior Brookings Institution fellow Charles Ebinger has said that Pakistan’s poor pricing and lack of incentive for gas development had led to problems in its gas sector, and that Pakistan’s economy was suffering from the lack of power.

 


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Review
 
 
 
 
spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
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  Nearly 58 per cent of the about 600,000 Rohingya refugees in Bangladesh are children who suffer from severe malnutrition, a UN report released said.
 
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A unique and passionate gathering of acrophiles, or mountain lovers, took place in neat and picturesque Aizawl, the capital of Mizoram state in north-eastern India in September.
 
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India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
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With over 100 incidents of braid chopping reported in different parts of Kashmir, there is widespread fear and anger among the people.
 
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According to the National Bureau of Statistics, China's GDP expanded 6.9 percent year on year in the first three quarters of 2017, an increase of 0.2 percent above that of the corresponding period of last year.
 
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As political roller coasters go, there is none as steep and unpredictable as the one shared by the United States and Iran.
 
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In West Asia, the end of one war paves the way for the next. Raqqa, the Syrian capital of the self-styled Islamic State (IS), has fallen to a coalition of rebels, the Syrian Democratic Forces that is backed by the United States.
 
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On “Defining Our Relationship with India for the Next Century”
 
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Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
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Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
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Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
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As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
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Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
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