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MANILA, PHILIPPINES – The Asian Development Bank (ADB) today approved a $400 million loan that will help the state of West Bengal in India break a cycle of debt and development spending cuts.

LUCKNOW: Enthused by the successful meeting with the US business delegation in Lucknow recently, Uttar Pradesh Chief Minister Akhilesh Yadav is all set to visit US early next year to bring investment in the state.

Outcome of elections is usually determined by three factors: state of mainstream political parties; issues on which elections are fought; and, performance of the ruling party. An important question, which usually escapes attention, is the problems that the newly elected ruling party has to face after the polls.

Americans heading to vote on November 6 for their President would be making a “defining choice” between two different visions of future - Reverting to unbridled free market capitalism, which brought in its train financial chaos and the worst recession of the new century, or Rewarding hard work and responsibility equitably for its largest middle class, the bulwark of the world’s strongest economy.

Under Trinamool Congress (TMC) rule, West Bengal is morphing into an ungovernable territory, with the state Government frequently adopting legally untenable positions on crucial issues.

Bhutan’s economy has expanded at a robust pace driven by the hydropower sector developments. GDP growth is estimated at nearly 8 percent in 2011/12 (from 8.5 percent in 2010/11), and is projected to reach 12.5 percent in 2012/13 due to the acceleration in hydropower-related construction. Inflation has risen, reaching 13.5 percent in 2012Q2, with both food and nonfood components accelerating.

THIRUVANANTHAPURAM: The prestigious Kochi Metro project has run into the red signal because of a well-planned conspiracy to exclude ‘Metro man’ E. Sreedharan and the Delhi Metro Rail Corporation (DMRC) from its execution.