The Asian Star January 27 2024

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www.theasianstar.com Vol 22 - Issue 52

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Saturday, January 24, 2024

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India overtakes Hong Kong as World’s fourth largest stock market India’s stock market is booming, and its value has ballooned so much that it overtook Hong Kong’s on Monday, Bloomberg reported. The total value of shares on Indian exchanges hit $4.33 trillion at Monday’s close, compared to Hong Kong’s $4.29

trillion, according to data compiled by Bloomberg, making it the fourth largest stock market in the world. India passed the $4 trillion mark on December 5, with half of that value

Ram Mandir may offer a way forward for India & South Asia This week, Hindus around the world and Indians of all faiths are marking the opening of the Ram Mandir, a temple planned and built over decades in Ayodhya, the northern Indian city believed

to be the birthplace of Lord Ram, the Hindu deity whose renown extends beyond the Hindu faith. The opening of the temple has been an emotional event for many in India and in the Continued on page7

How a BC man racked up 21 impaired driving convictions Roy Heide was drunk when he drove a Cadillac into a woman on Nanaimo street in 2001. At his sentencing hearing for impaired driving, Heide’s defence lawyer told the judge “no amount

of prohibitions will deter him from driving.” The words still have a ring of truth more than 20 years later. In December, a judge handed Heide his fourth lifetime driving prohibition and almost five years Continued on page 6

built up in just the past four years. The stock market has been galvanized by a growing number of retail investors and strong corporate earnings. Meanwhile, the country’s population overtook China’s last year, and it has been gearing itself up for boom-time economic growth and a flood of foreign investment.

Indian judge to rule who invented Butter Chicken Butter chicken - one of India’s brought by the family behind best-known dishes globally is Moti Mahal, a famed Delhi delicious and apparently also restaurant brand that has counted contentious, with two Indian late US President Richard Nixon restaurant chains doing battle in and India’s first Prime Minister court over claims to its origins. Jawaharlal Nehru among its guests. The lawsuit which has It claims restaurant founder, become a hot topic in India was Kundan Lal Gujral, created the Continued on page 2

BC plans crackdown on private colleges as Ottawa announces international student cap When Anjalika Kukretti finished her undergraduate degree in New Delhi, she considered postgraduate programs in Canada, Australia and New Zealand. The 28-year-old, who now

works in IT sales in Victoria, decided to pursue her education in Canada because the financial threshold was lower than other countries and because of Canada’s image as a welcoming nation.

Metro Vancouver’s population to reach 3 million

Metro Vancouver will top three million residents by July 1, according to a population projection by B.C. Stats. Hitting three million is a milestone for the region, which stretches from Lions Bay to Langley and includes

23 municipalities. But planner/real estate consultant Michael Geller says it isn’t that big in a deal, in and of itself. “Going from 2.9 to 3.0 million to my mind is not that significant,” said Geller.

“But how we accommodate the next million, that’s significant.” The provincial government has already taken a dramatic step with its so-called density legislation, which allows several units on former Continued on page 6


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