Asian Voice

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National Conference worker's death rocks Kashmir assembly

For reports see pages 25

VOL 40. ISSUE 23

FIRST & FOREMOST ASIAN WEEKLY IN EUROPE

VOICE

Let noble thoughts come to us from every side

Government to stop permanent settlement for immigrants? The immigrants in Britain are shocked by the new proposals made by the government, trying to curb foreigners from settling in Britain. This came as a reaction after Theresa May Damian Green recently the UK then claiming home secretary, Theresa British passports. May, proposed a change The government will to the rules that enable scrap a rule that gives immigrants to stay in the foreign workers the right UK permanently to live permanently in Ministers are sugBritain after working gesting to bring in new here for five years and rules to curb immiwill also restrict the right grants’ rights in an effort of their family members to cut the spiralling to join them. numbers settling permaContinued on page 7 nently in Britain and

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Durga puja and Navratri in London. See page 14

8th October to 14th October 2011

Greek debt crisis poses threat to world economy

Greece which is going through a heavy debt crisis, still needs 110 billion euro ($147 billion) bailout. Only 11 billion euro aid has been provided by International Monetary Fund (IMF), European union (EU) and European Central Bank as yet. This situation in Greece poses a threat to world economy. Starting the month on a weak note, stocks worldwide tumbled as mounting concerns about a possible Greek debt default and global recession fears spooked investors. From Tokyo to London, shares slumped as much as

Demonstrators carry a banner during a protest march against government cuts on Oct 2, in Manchester, England

2 per cent on an average, amid continuing uncertainty over extending

bailout for debt-ridden Greece, which has failed to meet its deficit target.

Dragged by banking stocks, European bourses took a severe beating in trade. Most of the Asian markets closed deep in red, with Hong Kong's Hang Seng index leading the rout. The index crashed over four per cent to close at 16,822.20 points., Japanese benchmark Nikkei 225 slid about two per cent to 8,545.48 points. India's key 30-share index Sensex declined around two per cent to 16,151.50 points. Globally, stocks in Asia and Europe were weak as.. Continued on page 26

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