Conditions ripe for India to reap demographic dividend and become a key engine for global growth, says Lagarde
With a projected growth rate of 7.5% in 2015-16, India will become the world’s fastest growing major economy, fuelling global growth at a time when advanced economies are under stress and other emerging economies are slowing down, International Monetary Fund (IMF) managing director Christine Lagarde said on Monday. Delivering a lecture on Seizing India’s Moment at Lady Sri Ram College, Lagarde said this is a special moment for India. “Just as many countries around the world are grappling with low growth, India has been marching in the opposite direction... In this cloudy global horizon, India is a bright spot,” she said.
The Asian Development Bank (ADB) has awarded four of its best performing project/program teams in Bangladesh as part of its efforts to promote efficient project implementation.
Kazuhiko Higuchi, country director of the ADB Bangladesh Resident Mission, presented the awards for the year 2014 to the winning teams at a ceremony in Dhaka on Sunday, reports Xinhua.
The winning project teams are Sustainable Rural Infrastructure Improvement Project executed by the Local Government Engineering Department, City Region Development Project also executed by ...
Whenever my casual acquaintances learn about my business engagements and frequent travels to Bangladesh, they quickly make an astonishing statement, “All our garment factories have migrated to Bangladesh because there is no electricity or gas here”.
It’s not phrased as a question requiring my confirmation. It doesn’t sound as a matter of fact either.
No one quotes authentic data recorded by The Economist or The Financial Times in their claims support; or give actual numbers of factories that have migrated. Invariably, these declarations are...
For weeks, Bangladeshi farmer Dibakar Ghosh has been pouring his milk into the river, unable to get it to buyers because of a months-long transport blockade that has crippled the impoverished nation.
As his losses mount, the 30-year-old can no longer afford to feed his cows and fears he may have to sell them for slaughter, destroying his business, reports AFP.
“My losses in the last two months add up to 60,000 taka (about $800),” Gosh told AFP from his village in the northwestern cattle-farming region.
“There are 150...
India marked the one-year anniversary in 2013 of the brutal rape of a young university student, which plunged India into a period of self-reflection and mourning whilst thousands took to the streets of Delhi in protest against gender-based violence.
India marked the one-year anniversary in 2013 of the brutal rape of a young university student, which plunged India into a period of self-reflection and mourning whilst thousands took to the streets of Delhi in protest against gender-based violence.
Debate has erupt...
The BB issued a letter to the MoF on March 15, 2015 requesting it to take measure against the alleged officials as Agrani Bank did not take proper action against them despite the central bank directives, an official of the BB told New Age on Monday.
The BB also issued a separate letter to Agrani Bank managing director Syed Ab...
