Petrol hike pumps hope for India
Raising prices at petrol pumps is never likely to be popular. India's brave decision will also prove meaningless unless it is followed by bolder action to cut the more generous diesel subsidies. But the direction of travel is right and if the journey continues India could just turn a corner, writes Jeff Glekin. Full Article
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TABLE-Bangladesh key economic indicators - Feb 8
Feb 8 --------------------------------------------------------- DAILY INDICATORS
Sunday Previous Taka/US $ (inter-bank) 69.27/69.27 69.27/69.27 Call money rate (inter-bank) 4.50-4.50 3.25-4.75 General index 5,490.11 5,434.04 ---------------------------- MONTHLY
CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.24 6.71 M2 supply (bln taka) (BB) Nov. 3,229.99 3,125.79 Forex reserves ($bln)(BB) Jan. 10.10 10.34 Trade balance ($mln)(BB) Nov. *-622.98 -1,008.00 Exports ($mln)(BB) Nov. 1,197.52 1,024.00 Imports ($mln)(BB) Nov. 1,820.50 2,032.00 ---------------------------- ANNUAL
2007/2008 2006/2007 Population (millions) *142.4 140.6 Per capita income (US Dollar) *599 523 External debt ($bln) *20.1 19.35 External debt (pct of GDP) *25.5 28.3 Real GDP growth (pct) *6.2 6.5 Fiscal Deficit (pct of GDP) *6.2 3.7 Trade Balance ($bln) *-5.54 -3.46 Exports ($bln) *13.94 12.05 Imports ($bln) *19.48 15.51 Current a/c balance ($mln) *672 936 Current a/c balance (pct of GDP) *0.7 1.4 Agriculture production (constant factor cost in bln Tk) *648.4 625.8 Industrial production (constant factor cost in bln Tk) *921.4 862.2 * = provisional BB = Bangladesh Bank (central bank) BBS = Bangladesh Bureau of Statistics
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