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Reform or 'miss the bus', warns India finance minister NEW DELHI: India's finance minister urged opposition parties Saturday to cooperate in passage of economic reform legislation, warning otherwise Asia's third-largest economy "will miss the bus" again.The traditionally fractious parliament has been stalled yet again by political rows that have hindered efforts by the new right-wing government to enact reforms and revive the stuttering economy.Stormy scenes in parliament under the previous left-leaning Congress government also hindered economic reform efforts. "The clear choice before us is -- either we reform or we miss the bus once again," Finance Minister Arun Jaitley told a top-level corporate audience in a speech in New Delhi.The minister added there was a need for "a shared national vision" to get India back to nine-to-10 percent annual growth levels it enjoyed until a few years ago to lift hundreds of millions out of poverty.India has been stuck in the longest spell of below-five-percent growth in a quarter-century, ...


Bulgaria approves 2015 budget targeting 3pc/GDP fiscal deficit SOFIA: Bulgaria's parliament approved a state budget bill on Saturday that aims to reduce the fiscal deficit to 3 percent of the gross domestic product from a revised 3.7 percent this year.The bill assumes that Bulgaria's economic growth in 2015 will stand at 0.8 percent, down from 1.5 percent in 2014, mainly due to an expected slowdown in the euro zone, the Balkan country's key trading partner."I will not claim that it is a good ...

UN chief praises Ebola nurses, pledges support during visit HASTINGS: UN Secretary General Ban Ki-moon on Friday praised healthcare workers fighting the Ebola virus as he paid his first visit to Liberia and Sierra Leone following an outbreak that has killed nearly 7,000 people.Ban paid tribute to local workers and the United Nations, but he singled out medics from the three countries at the heart of the epidemic who have fallen sick while treating patients.He visited an Ebola treatment centre outside Sierra Leone's capital, ...

Cuban parliament rubber-stamps normalization with US HAVANA: Cuba's parliament on Friday unanimously ratified a deal reached between Havana and Washington normalizing relations after a half-century of hostility."The Cuban parliament today gave its unanimous support" to the bilateral thaw, which was outlined Wednesday in a speech by President Raul Castro, the Cuban news agency Prensa Latina said shortly after the start of the session.Castro is chairing the twice-yearly meeting of parliament in a session largely focused on the communist island's historic renewal ...

Turkey court issues warrant for Erdogan foe Gulen ISTANBUL: An Istanbul court issued an arrest warrant for US-based Turkish cleric Fethullah Gulen who President Recep Tayyip Erdogan regards as his top enemy, in a controversial case that has strained ties with the EU.The court agreed an earlier request by prosecutors for the arrest notice but it remains to be seen if the United States will show any interest in extraditing him to face trial on terrorism charges in Turkey.The warrant was issued after ...

US issues worldwide travel alert WASHINGTON: The United States issued a worldwide travel alert Friday, warning Americans to be vigilant during the holiday period, especially in the wake of a deadly siege in Australia.Sydney this week saw a dramatic siege in a cafe that began Monday and left two hostages and a gunman dead."The lone wolf attack in Sydney, Australia... resulting in the deaths of two hostages, is a reminder that US citizens should be extra cautious, maintain a very ...

Long road to recovery for injured in east Ukraine DONETSK: Sitting up with difficulty in her hospital bed, Raisa Bulda says that despite months of treatment she still feels like she is only just beginning her recovery.It was back in August that a shell tore through her home on the edge of rebel bastion Donetsk in eastern Ukraine and left her screaming for help in a pool of blood. But it was last week that she finally had a full operation on her shattered ...


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln