Global financial crisis in October 2008 rose by 11.18% within the day. Germany announced a €400 billion plan. On Monday the International Monetary Fund offered possible technical and financial aid to Hungary which has suffered during the crisis due to the flight of investors to euro, Swiss franc, and dollar denominated investments. As in the rest of the world, on Monday stock prices rose on the Hungarian exchange and pressure on the national currency, the forint eased. The forint has dropped 30% against the dollar since July. The prime minister of Spain, Jose Luis Rodriguez Zapatero, announced that Spain would provide up to €100 billion of
Prime Minister of India Front, the Samajwadi Party (SP) and Bahujan Samaj Party (BSP) among others—proved a majority in the Lok Sabha, and Manmohan Singh was elected prime minister; becoming the first Sikh prime minister of the nation. During his tenure, the country retained the economic momentum gained during Prime Minister Vajpayee's tenure. Apart from this, the government succeeded in getting the "National Rural Employment Guarantee Act, 2005", and the "Right to Information Act, 2005" passed in the parliament. Further, the government strengthened India's relations with nations like Afghanistan; Russia; the Gulf states; and the United States, culminating with the ratification of India–United States