India’s overall international reserves stood at $411.9 billion at the end of March this year. Reuters
Mamata Banerjee’s prime ministerial ambitions may have been severely jolted by the violence during the West Bengal elections which has recalled, according to a polling officer, what used to happen in Bihar a decade or so ago. Nor is the latest period of lawlessness the only time when West Bengal has seen such unruliness.
This refers to the report ‘Modi will return to power in a big way, exit polls indicate,” May 20, Gulf Today). There have already been speculations over the results of several exit polls, conducted mainly by the leading news channels in India. It seems the outcome of the so called polls gives a sigh of relief to the BJP-led NDA alliance,
On May 23, the seven-week long Indian election process will come to an end. The votes will be counted and a winner will be declared. No matter who wins, the real winner will be India’s democracy. I say this as an Indian American who has had the privilege of living in the two largest — and, I would add, greatest — democracies in the world.
India’s new comprehensive Cooling Action Plan targets an increase in sustainable cooling for the good of its population, while helping to fight climate change As UN Environment pointed out, four years after temperatures hit the high forties in India, claiming over 2,000 lives, parts of the country
Ratings agencies Fitch and Standard & Poor’s (S&P) downgraded Argentina’s sovereign debt rating, flagging higher chances of a default in the wake of a shock primary election result that plunged the country into its latest economic crisis.
Turkish industrial production fell for the tenth consecutive month in June, data showed, offering few signs of a pick-up in economic growth as domestic demand remains weak after last year’s currency crisis.
Brazil’s decision to sell dollars on the spot market for the first time in a decade is a sign the central bank (CB) is finally willing to reduce its $385 billion pile of foreign exchange (forex) reserves, analysts said.
A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift in global monetary policy since the depths of the financial crisis in 2009, analysts at Fitch Ratings said in a report.