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India govt tables common sales tax bill in parliament NEW DELHI: India's government presented to parliament a bill for a common goods and services tax across the country on Friday, pressing on with a key piece of reform to replace a myriad range of state taxes. The bill introduced by Finance Minister Arun Jaitley needs the support of two thirds of members of parliament as well as ratification by state legislatures which is expected to happen by the next session of parliament. Copyright Reuters, 2014 ...

India's Sonia Gandhi hospitalised for infection NEW DELHI: The head of India's opposition Congress party, Sonia Gandhi, has been hospitalised for a respiratory infection, her party said on Friday.Gandhi, 68, was admitted to New Delhi's Ganga Ram Hospital on Thursday evening and her condition is now stable, a Congress spokesman told AFP."She is currently under observation," he said, requesting anonymity.The Italian-born Gandhi is the widow of assassinated former premier Rajiv Gandhi and heads the Congress party, which lost the 2014 elections ...
Modi moves in to speed up $300bn stuck projects NEW DELHI: Indian Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters.Pro-business Modi has faced criticism in recent weeks that his ambition to spur investment and re-energise the economy has yet to be realised, more than six months after he won elections with the strongest mandate in three decades.Industrial ...
India launches biggest ever rocket into space BANGALORE: India successfully launched its biggest ever rocket on Thursday, including an unmanned capsule which could one day send astronauts into space, as the country ramps up its ambitious space programme. The rocket, designed to carry heavier communication and other satellites into higher orbit, blasted off from Sriharikota in the southeast state of Andhra Pradesh."This was a very significant day in the history of (the) Indian space programme," Indian Space Research Organisation (ISRO) chairman K.S ...
Indian court refuses to extend Italian marine's leave NEW DELHI: India's top court ruled Tuesday that an Italian marine detained for the 2012 killing of two fishermen must return in January after he was allowed to go home for medical treatment.The Supreme Court had given Massimiliano Latorre leave to spend four months at home after he suffered a cerebral ischaemia -- a restricted blood supply that can lead to a stroke -- in September.On Tuesday it rejected Latorre's request to extend his leave ...
Suicide blast hits Afghan army bus in Kabul: official KABUL: A suicide bomber struck an Afghan military bus in Kabul on Saturday, officials said, causing casualties as insurgents step up strikes in the final weeks of NATO's combat mission in the country.The Taliban claimed responsibility for the blast, which left the bus badly damaged as wounded victims were rushed to hospital."A suicide attacker targeted an ANA (Afghan National Army) bus," defence ministry spokesman Zahir Azimi said via Twitter. "(It) caused casualties. Numbers will be ...
Two foreign soldiers killed by Taliban attack near Afghan capital KABUL: A Taliban bomb killed two foreign soldiers in a NATO convoy late on Friday night the U.S. Bagram Airfield base north of Kabul, adding to a spate of deadly attacks in and around the Afghan capital as international forces leave the country."Two International Security Assistance Force service members died as a result of an enemy forces attack in eastern Afghanistan on Dec. 12, 2014," a coalition press release said on Saturday.Copyright Reuters, 2014 ...


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ICT 2014

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