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India food supply key to halting rising prices  MUMBAI: Rising food prices in India, where inflation rose to 7.55 percent last month, can be addressed by ensuring supply rather than monetary tightening, Finance Minister Pranab Mukherjee said on Saturday. "We need to take necessary steps by removing supply constraints. Inflation arising out of agriculture products need not necessarily be controlled through money supply or tightening monetary policy," he told a seminar. "Supply constraints have to be removed, which we are doing." Inflation has made it harder for the central bank to revive economic growth with a widely expected interest rate cut next week. Mukherjee said food inflation had not been controlled because demand for vegetables, fruit, milk and eggs had increased. "I'm confident, keeping in view all these factors, RBI will adjust monetary policy as we are adjusting our fiscal policy," said Mukherjee, who on Friday was nominated as a presidential candidate for the ruling United Progressive Alliance coalition in next month's ...

Hu Jintao to wrap up Denmark visit  COPENHAGEN: Chinese President Hu Jintao on Saturday was to wrap up a three-day visit to Denmark with a final round of talks with Prime Minister Helle Thorning-Schmidt. Hu is at the head of a 25-strong delegation on the first-ever visit by a Chinese head of state to Denmark, which currently holds the rotating presidency of the European Union. The talks will focus on bilateral relations, the eurozone crisis and European affairs, and the two sides were slated ...
50 dead as Myanmar counts cost of communal unrest SITTWE: Fifty people have been killed and scores wounded in communal clashes in western Myanmar, state media said Saturday, as the UN warned of "immense hardship" faced by thousands displaced by rioting. State mouthpiece the New Light of Myanmar said 50 people have died, with 54 injured between May 28 and June 14 in Rakhine state, which has been convulsed by violence between local Buddhists and Muslim Rohingya. The report did not say whether the updated toll includes ...
32 pilgrims killed in bus crash: reports  NEW DELHI: At least 32 pilgrims were killed and more than 20 injured on Saturday when their bus plunged off a bridge in western India, the Press Trust of India (PTI) reported. The pilgrims were returning from a visit to the popular Shirdi Saibaba temple, built in honour of an Indian guru, when the accident occurred before dawn in Maharashtra state's Osmanabad district, police told PTI. "We had to struggle to rescue survivors and retrieve the victims' ...
Suu Kyi faces balancing act over Myanmar unrest BANGKOK: Sectarian unrest rocking Myanmar has put Aung San Suu Kyi under pressure to speak up for the stateless Rohingya, but experts say the issue is a political minefield given ethnic and religious divides. The Nobel laureate, on a landmark visit to Europe, was repeatedly asked by reporters Thursday about the clashes between Buddhist Rakhine and the Muslim Rohingya that have left dozens dead and more than 30,000 displaced. Speaking in Geneva, on her first trip to ...
Japan closer to restarting nuclear reactors: reports  TOKYO: A controversial decision to restart two nuclear reactors in western Japan moved closer on Thursday when the mayor of a town near the plant gave his approval, reports said. Japan's entire stable of 50 working reactors is currently offline after a backlash against nuclear power following the quake-tsunami that sparked meltdowns at Fukushima in March 2011. Government rules say reactors must pass internationally approved stress tests designed to demonstrate they can withstand a natural disaster, and ...
Communal unrest threatens Myanmar BANGKOK: A UN envoy has warned that communal violence in western Myanmar poses a threat to the country's shift towards democracy and said discrimination against the minority Muslim Rohingya was behind the unrest. A state of emergency is in place in Rakhine state where clashes have caused dozens of deaths and forced hundreds of people from both sides to flee their homes since Friday. Tomas Ojea Quintana, the UN's Special Rapporteur on human rights in Myanmar, urged ...

 



 
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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