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India's water reservoirs at 35pc of capacity in past week NEW DELHI: Water levels in India's main reservoirs in the week to July 24 were at 35 percent of capacity, down 16 percentage points from a year ago, government data showed on Friday. On a week-on-week basis, the figure has improved from the previous week's level of 26 percent, as monsoon rains revived. The late revival also nudged up the latest level from the 10-year average of 34 percent for the week, easing concerns of a drinking water crisis due to a weak start of this year's monsoon. Level of water in reservoirs is vital for hydro power generation and irrigation. Reservoirs also provide water later in the year to irrigate winter crops such as wheat and rapeseed.Copyright Reuters, 2014

China unemployment rate steady at 4.08pc at end of Q2 BEIJING: China's urban unemployment rate was 4.08 percent at the end of June, identical with the level in March, the labour ministry said on Friday. Li Zhong, spokesman of the Human Resources and Social Security Ministry, told a media conference China added 7.37 million jobs in the first half of this year, more than the 7.25 million a year earlier. Any marked weakening in the labour market would raise alarm bells for China's government, which ...

Earthquake of magnitude 6.1 strikes off Alaska: USGS LONDON: An earthquake with a magnitude of 6.1 struck on the coast of Alaska on Friday, the United States Geological Survey reported. The USGS said the quake's epicentre was 55 kilometres west-northwest of Elfin Cove and 35.4 kilometres deep.Copyright Reuters, 2014

Turkish manufacturing confidence falls to 109 points in July ISTANBUL: Turkey's manufacturing confidence index fell to 109 points in July from 110.7 points in June, central bank data showed on Friday. In December 2012, the index fell below the 100-point mark - designating a shift from optimism to pessimism - for the first time since December 2011. But it has been above 100 since. Copyright Reuters, 2014

Brazil to boost credit to counter economic slowdown RIO DE JANEIRO: Brazil's central bank on Friday announced measures to boost credit in the country's ailing economy, one week after keeping its benchmark interest rate at its highest level in over two years to fight inflation. The bank said in a statement it was freeing up an estimated 30 billion reais ($13.5 billion) in the financial system through changes to banks' reserve requirements. The move "aims at improving the distribution of liquidity in the ...

Israel soldier killed in Gaza, losses at 33: army JERUSALEM: An Israeli soldier was killed in Gaza on Friday, taking the army's losses in the 18-day operation against foe Hamas to 33, a statement said.The army named the dead soldier as reservist Yair Ashkenazy, 36, adding that he "was killed earlier today during operational activity in the northern Gaza Strip."The army said that 33 soldiers and officers have now been killed in Gaza since the launch of its offensive on July 8. Copyright AFP ...

Turkish FM flying to Qatar to seek Gaza truce: official ANKARA: Turkish Foreign Minister Ahmet Davutoglu cancelled a scheduled trip to France and flew to Qatar on Friday to help efforts for a ceasefire between Israel and Hamas, a Turkish official said.The decision comes after Davutoglu held a "teleconference with his counterparts from the United States and Qatar yesterday night (Thursday) and also spoke separately with the Palestinian groups," the official told AFP on condition of anonymity."The minister made an abrupt decision to fly to ...


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Foreign Debt $60.9bn
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