Bangladesh Votes Today, Sheikh Hasina Seeks Fourth Term as Prime Minister

Agencies
December 30, 2018

Dhaka, Dec 30: Bangladesh headed to the polls Sunday following a weeks-long campaign that was dominated by deadly violence and allegations of a crackdown on thousands of opposition activists.

Voting began at 8.00 am (0200 GMT) amid tight security in a vote that is expected to deliver a historic but tainted fourth general election victory for Prime Minister Sheikh Hasina.

Some 600,000 security personnel are deployed across the South Asian nation -- including at 40,000 polling stations.

There was fresh violence on the eve of the vote when a ruling party activist was allegedly killed by supporters of the main opposition Bangladesh Nationalist Party (BNP) and its Islamist ally, Jamaat-e-Islami.

"He was attacked with rocks. He died on the way to hospital," Mohammad Niamutullah, police chief in the southern town of Patia said.

The death brought to four the number of people confirmed killed by police since the timetable for the election was announced on November 8, marking the country's 11th parliamentary election since independence in 1971.

The BNP claims eight of its activists have died.

Around 104 million voters are choosing between an alliance led by Hasina's ruling Awami League party and a coalition headed by the BNP which was cobbled together only three months ago.

Opinion polls show Hasina, who has presided over impressive economic growth during an unbroken decade in power but who is also accused of growing authoritarianism, heading for a comfortable victory.

She needs 151 seats in the first-past-the-post system to win in the 300-seat parliament but experts say any victory would be sullied by accusations that she hamstrung her opponents' campaign.

The opposition says more than 15,000 of its activists have been arrested, crippling its ability to mobilise its grassroots support.

Human Rights Watch and other international groups have decried the crackdown, saying it has created a climate of fear which could prevent supporters of opposition parties from casting their ballots.

The United States has also raised concerns about the credibility of the Muslim-majority country's election while the United Nations has called for greater efforts to make the vote fair.

Seventeen opposition candidates were arrested over what they claim are trumped up charges while another 17 were disqualified from running by courts which are allegedly controlled by Hasina.

"This is not (a) free and fair election. It is more a controlled selection," said a Western diplomat who has been monitoring the run-up to the polls and who asked not to be named.

Badiul Alam Majumder, the leader of a Bangladesh civil society group, said the alleged crackdown had "created a perception that the incumbent government will return to power".

"Never in my life I have seen such kind of election. The election commission has totally failed to do its job," he told news agency.

Mobile internet shutdown

The BNP, the main player in the alliance headed by Kamal Hossain, an 82-year-old Oxford-educated lawyer who drew up Bangladesh's constitution, has accused the election commission of bias -- allegations it denies.

Hasina herself has rejected accusations of creeping authoritarianism and called for voters to back her to further bolster the economy which has expanded over six percent a year since she won the 2008 election.

The daughter of Bangladesh's first president Sheikh Mujibur Rahman, Hasina was gifted victory in the 2014 election when the BNP boycotted the vote claiming it wasn't free or fair.

Since then, rights groups have accused Hasina's administration of stifling freedom of speech through the toughening of a draconian anti-press law and the enforced disappearance of government dissenters.

BNP leader Khaleda Zia, an arch-rival of the prime minister, was sentenced to 17 years in jail earlier this year on charges that her party says are politically motivated.

Authorities have ordered the country's mobile operators to shut down 3G and 4G servicesuntil midnight on Sunday "to prevent the spread of rumours" that could trigger unrest.

Polls close at 4:00 pm (1000 GMT).

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Agencies
August 7,2020

Moscow, Aug 7: Russia will register its first vaccine against the coronavirus on August 12, Deputy Health Minister Oleg Gridnev said on Friday.

The vaccine has been developed jointly by the Gamaleya Research Institute and the Russian Defence Ministry.

"The vaccine developed by the Gamaleya centre will be registered on August 12. At the moment, the last, third, stage is underway. The trials are extremely important. We have to understand that the vaccine must be safe. Medical professionals and senior citizens will be the first to get vaccinated," Gridnev told reporters at the opening of a cancer centre building in the city of Ufa.

According to the minister, the effectiveness of the vaccine will be judged when the population immunity has formed.

Clinical trials of the vaccine began on June 18 and included 38 volunteers. All of the participants developed immunity. 

The first group was discharged on July 15 and the second group on July 20.

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News Network
January 24,2020

Jan 24: India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December.

The needle on a gauge measuring so-called animal spirits signaled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger last month. The dial was last at the current position in August.

“Animal spirits” is a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action, and the gauge uses the three-month weighted average to smooth out volatility in the single-month numbers.

The nascent recovery would need a helping hand, with expectations building that Finance Minister Nirmala Sitharaman will provide some stimulus when she presents the budget Feb. 1. Official forecasts show the economy is set to expand at 5% in the year ending March 2020 -- the weakest pace in more than a decade.

Here are the details of the dashboard:

Business Activity

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, helping post a strong end to the calendar year.

India’s manufacturing PMI also rose -- to 52.7 from 51.2 a month ago -- boosted by the fastest increase in new orders since July. A reading above 50 means expansion while anything below that signals contraction.

The uptick in business confidence was accompanied by a rise in inflationary pressures, the survey showed. That trend may keep monetary policy makers from resuming interest-rate cuts anytime soon, leaving most of the heavy-lifting to boost growth with the government.

“The relative stability in macro indicators over the past two months suggests that the worst is behind, but the recovery is likely to be prolonged,” said Teresa John, an economist at Nirmal Bang Equities Pvt. in Mumbai. “Still, sluggish growth and rising inflation indicate that India may well remain in stagflation for most of 2020.”

Exports

Exports remained a laggard, falling 1.8% in December from a year ago. The drag was mainly because of a fall in export of engineering goods, which constitute a third of India’s non-oil exports.

Capital goods imports continued to contract and was lower by 16.5% year-on-year in December after a 22% drop in November. This was the seventh consecutive month of continuous decline, underscoring the weakness in the capex cycle, according to IDFC First Bank.

Consumer Activity

Weakness in demand for passenger vehicles persisted, with local sales falling 1.2% in December from a year ago, according to the Society of Indian Automobile Manufacturers. That capped the worst yearly passenger vehicle sales on record. A Nielsen study on demand for fast-moving consumer goods showed volume growth dropped to 3.5% in the last quarter of 2019 from 3.9% in the same period of 2018.

Funding conditions held out hope, showing considerable improvement in December, according to the Citi India Financial Conditions Index. Credit growth remained tardy though, with demand for loans rising at a slower 7.1% pace from a year ago compared with a nearly 8% growth in November.

Industrial Activity

Industrial output rose for the first time in four months in November. The pick up was broad-based, led by mining, manufacturing and electricity. Mining and manufacturing, in particular, posted a second month of sequential growth. Production of consumer goods also rose after a few months of contraction.

The index of eight core infrastructure industries, which feeds into the index of industrial production, however, declined 1.5% in November from a year ago -- the fourth straight month of contraction. That was on account of shrinking production of electricity, steel, coal, natural gas and crude oil. Both the core sector and industrial output numbers are reported with a one-month lag.

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News Network
July 2,2020

Jul 2: Democratic presidential candidate and former US vice-president Joe Biden has said that if he wins the November elections, strengthening the relationship with India which is America’s "natural partner", will be a high priority for his administration.

"India needs to be a partner in the region for our safety's sake and quite frankly for theirs," he said in response to a question on India-US relationship during a virtual fundraiser event on Wednesday.

At the fundraiser hosted by Chairman and CEO of Beacon Capital Partners Alan Leventhal, the former vice president said that India and the United States were natural partners.

"That partnership, a strategic partnership, is necessary and important in our security," Biden said when asked by an attendee whether India is critical to the US' national security.

Referring to his eight years as the vice president, he said, "In our administration, I was proud to play a role more than a decade ago in securing Congressional approval for the US-India Civil Nuclear Agreement, which is a big deal".

"Helping open the door to great progress in our relationship and strengthening our strategic partnership with India was a high priority in the Obama-Biden administration and will be a high priority if I'm elected president,” Biden said.

Both as the vice president and a senator from Delaware, he was a big supporter of India-US relationship.

About the November polls, Biden said that the character of the country is on the ballot. The upcoming election is the most important poll of a lifetime and that the country is currently engaged in a battle for its soul, he claimed.

Biden also slammed President Donald Trump and his administration over the handling of the coronavirus pandemic.

"Trump ignored warnings from the very beginning, refused to prepare and failed to protect the country. Not just now but throughout his presidency, undermining the very core pillars of ours, what I would argue, moral and economic strength.

"I really do believe that our country is crying out for leadership and maybe even more important, some healing. Today, we have an enormous opportunity not only to rebuild but to build back better than before. To build a better future. That's what America does," he added.

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