Bangladesh overtaking India in per capita GDP in 2020 sparks furore

News Network
October 14, 2020

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The social media is buzzing after the International Monetary Fund (IMF) predicted that Bangladesh will overtake India in per capita GDP for 2020.

As India's growth falls, amongst the most in the world, India is on track to fall below Bangladesh in terms of the per capita GDP. India will grow smartly next year, as per IMF.

As per the World Economic Outlook report of IMF released on Tuesday, India's per capita GDP is set to plunge by 10.5 percent to $1,877 this fiscal year ending March 31, 2021. This will make India the third poorest country in South Asia with only Pakistan and Nepal behind.

Bangladesh, Bhutan, Sri Lanka and Maldives now have more per capita GDP than India.

Bangladesh's per capita GDP in dollar terms is expected to grow 4 per cent in 2020 to $1,888, overtaking India.

Congress leader Rahul Gandhi attacked the BJP government on this count. "Solid achievement of 6 years of BJP's hate-filled cultural nationalism: Bangladesh set to overtake India".

Stock market expert and Director Enam Holdings, Manish Chokhani tweeted, "Today's special. Both our neighbours marching ahead. We wish them well and hope our achievements meet our own aspirations!".

Chokhani added a clipping of Bangladesh overtaking India and China's booming economy and stock markets. The tweet was tagged to business and stock market leaders Samir Arora, Nilesh Shah, Anand Mahindra, Harsh Goenka and Harsh Mariwala.

Till five years back, India's per capita GDP was 40 per cent higher than Bangladesh.  In the last five years, Bangladesh has grown three times the rate of India, at 9.1 per cent compared to 3.2 per cent for India, a much larger economy.

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News Network
November 3,2024

Mangaluru: Dakshina Kannada MP Capt. Brijesh Chowta has called for a Central Bureau of Investigation (CBI) inquiry into the alleged embezzlement of Waqf properties. This demand follows findings from the Anwar Manippady committee's report, which reveals that while 54,000 acres of land are registered with the Waqf Board, approximately 29,000 acres have been misappropriated.

Capt. Chowta emphasized the need for a thorough investigation, stating, “A comprehensive probe should be conducted based on this report. Those who have illegally encroached on these properties must be held accountable.”

He challenged the Congress party, suggesting that if they genuinely care for the Muslim community and underprivileged women, their members should actively participate in the Joint Parliamentary Committee discussing the Waqf (Amendment) Bill 2024. This participation is essential to ensure that Waqf properties are used effectively for community welfare.

The MP criticized the notices served to farmers in Honvada village, Vijayapura, which stated that nearly 1,200 acres of their ancestral land was being reassigned to the Waqf Board. He expressed that this issue arose while the NDA government, led by Prime Minister Narendra Modi, is working on amendments to the Waqf Act. He accused the Congress-led state government, particularly Minister Zameer Ahmed Khan, of trying to enforce outdated 50-year-old notifications about Waqf properties. After the farmers raised concerns, Minister M. B. Patil clarified that the confusion was due to an error in the gazette.

Chowta alleged that Congress members in the Joint Parliamentary Committee are obstructing proceedings and causing disruptions. He expressed suspicion that Chief Minister Siddaramaiah might have instructed Minister Zameer Ahmed Khan to implement these outdated notifications regarding Waqf properties. As a result, he demanded the Minister's resignation.

He accused the Congress party of exploiting Muslim voters for the past 75 years without making substantial efforts for their welfare. Furthermore, he highlighted that the BJP is launching a campaign against land jihad, pointing out that the Waqf Board controls one of the largest land banks after the Defence and Railways sectors. Finally, he urged citizens to check the revenue records (RTC) of their land ownership to verify its status.

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News Network
November 11,2024

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Udupi, Nov 11: The Karkala town police in Udupi have arrested Krishna Naik, the sculptor responsible for installing a 33-foot Parashurama statue at Umikkal Hill in Bailur, Karkala taluk. 

Naik, the owner of Krish Art World and a resident of Bengaluru's Visvesvaraya Layout, was apprehended in Mahe, part of the Union Territory of Puducherry, for allegedly substituting a look-alike statue in place of a genuine bronze figure at the Parashurama Theme Park in Karkala.

Udupi Superintendent of Police Dr. Arun K confirmed the arrest, stating that Naik faces charges under Sections 420 (cheating) and 409 (criminal breach of trust) of the Indian Penal Code. 

This legal action followed a complaint lodged in June by Krishna Shetty, a resident of Nallur village, Karkala. Shetty claimed that Naik had received a payment of ₹1,25,50,000 from Udupi Nirmithi Kendra for the installation of a bronze Parashurama statue. However, Naik allegedly deceived the government by installing a replica instead.

The statue was unveiled on January 27, 2023, by then Chief Minister Basavaraj Bommai. Current Chief Minister Siddaramaiah has since ordered a CID investigation to probe deeper into the alleged fraud surrounding the statue's installation at the theme park.

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News Network
November 13,2024

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Beirut: The Israeli army on Tuesday continued to launch attacks against civilians in Lebanon, targeting them in several areas without prior evacuation warnings.

However, 13 airstrikes on Beirut’s southern suburbs in the space of only three hours were preceded by evacuation warnings.

The attacks caused no injuries but resulted in widespread destruction of residential buildings and commercial, medical and educational centers.

The airstrikes in southern Lebanon and Bekaa region, reaching Akkar in Lebanon’s far north, erased any hope of a near-term ceasefire settlement.

The strikes were accompanied by an announcement on Israel’s Channel 14 that “the Israeli army has expanded its operations in southern Lebanon to areas it had not reached since the beginning of the ground operation.”

About 50 days have passed since Israel intensified its hostile operations in Lebanon targeting Hezbollah. The death toll from these confrontations and attacks has passed 3,200, with more than 14,000 wounded.

For the first time, an airstrike targeted a mountainous area between Baalchmay and Aabadiyeh on the road leading to Aley, destroying a building housing displaced people.

The mayor of Baalchmay, Adham Al-Danaf, confirmed that “the airstrike targeted a residential building in the Dhour Aabadiyeh area.”

The initial toll from the Ministry of Health showed “five people killed and two injured.”

The raids that targeted Beirut’s southern suburbs for the first time in the morning, unlike nightly raids before, caused huge destruction. Those who evacuated their homes after Israeli warnings, used their phones to record the collapse of empty buildings in Sfeir, Haret Hreik, Bir Al-Abed, Mrayjeh, Laylaki and Hadath.

Israeli warplanes also targeted Tyre, where a strike on a building killed three people and injured many others, while a raid on Tefahta killed a man identified as Kifah Khalil and his family.

Attacks were widespread, with Yater and Zebqine subject to artillery shelling, a civilian being killed in Hermel, and further attacks on Bouday and an area between the towns of Srifa and Arsoun.

A raid on the town of Siddiqin killed two people and injured several others, while an attack on the Mechref farm led to one fatality and multiple injuries.

The search for those missing after an Israeli raid on the town of Ain Yaacoub in Akkar, in the northernmost part of Lebanon, continued until dawn.

During the operation, 14 bodies were retrieved, identified as those of residents displaced from the town of Arabsalim in the Iqlim Al-Tuffah area of the south, along with members of a Syrian family, a mother and three of her children. Additionally, there were 10 people in critical condition.

The targeted residence belongs to a Lebanese citizen, Hussein Hashim, who is reported to be a member of the Syrian Social Nationalist Party.

An airstrike on the town of Saksakiyeh in the Sidon region on Monday night resulted in yet another tragedy.

It appeared that the intended target was the Shoumer family, who just days before lost Hussein Amin Shoumer and his two sisters in a drone strike near Al-Awali River.

Israeli army spokesperson Avichay Adraee issued additional evacuation warnings for towns in the southern region along the Litani River, which, according to estimates from the mayors, are currently 90 percent uninhabited.

In the meantime, Hezbollah announced its continued efforts to “combat the intrusions of Israeli forces and to strike military installations and towns in the north.”

Hezbollah said in a statement that it confronted “an Israeli Hermes 450 drone in the airspace of Nabatieh and forced it to leave Lebanese airspace.”

The party also announced that it targeted “Kfar Blum settlement with a rocket salvo.”

On the Israeli side, air raid sirens sounded in areas of Upper and Western Galilee and in the town of Kiryat Shmona and its surroundings.

The Israeli army confirmed that “a drone exploded in Nesher, east of Haifa, without activating the air raid sirens,” and that “a drone launched from Lebanon crashed into a school in Gesher HaZiv, north of Nahariya.”

Israel’s Channel 13 reported the Israeli military’s assessment regarding Hezbollah’s military strength, claiming that the group currently possesses approximately 100 precision missiles, thousands of artillery shells, and hundreds of rockets. Additionally, it was highlighted that “there are around 200 Lebanese towns that remain unvisited.”

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