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Two killed at Afghan base where Prince Harry posted KABUL: Two US Marines were killed in an attack Saturday on the military post in southern Afghanistan where Britain's Prince Harry is based, officials said, while adding he was "not in any danger".   The attack, involving small arms and mortar or rocket fire, started around midnight local time (1930 GMT Friday), Master Sergeant Bob Barko of Nato's International Security Assistance Force (Isaf) told AFP.   Another Isaf spokesman said the assault was over but details including the number of attackers and whether they managed to penetrate the British base -- a massive logistics hub spread over several square kilometres (miles) of desert -- were not immediately clear.   Barko said some troops had also been wounded in the attack but could not give precise numbers or nationalities.   A defence official in Washington said the two dead were US Marines, speaking on condition of anonymity.   A separate Isaf statement sent to AFP said that buildings and aircraft at ...

Indian PM defends NEW DELHI: Indian Prime Minister Manmohan Singh defended on Saturday a string of economic reforms unveiled by his government, despite protests over higher fuel prices and new foreign investment rules.   Singh, speaking to ministers and advisers in New Delhi, said the reforms were needed to revive flagging economic growth, improve the investment climate and boost public finances.   "The recent increase in diesel prices is an important step in the right direction," he said, following a decision on ...
India PM warns policy logjam could slow growth to 5pc  NEW DELHI: Indian Prime Minister Manmohan Singh warned on Saturday that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unveiled a spate of reforms aimed at reviving growth and preventing a credit rating downgrade.   On Friday, the government said it was opening up its supermarket sector to foreign chains and would allow more foreign investment in airlines and broadcasters. It also approved the sale of stakes in four state-run ...
India allows foreign airlines to buy stakes of local carriers NEW DELHI: India decided to allow foreign airlines to buy stakes of up to 49 percent in local carriers, a long-awaited policy move that could provide a lifeline to the country's debt-laden airlines by opening up a fresh source of funding. The move, which comes with conditions, is a part of massive big-ticket reforms announced by India on Friday, including opening up its supermarket sector to foreign firms, as it seeks to revive economic growth and ...
Indian cabinet opens retail to foreign supermarkets  NEW DELHI: India on Friday gave the green light for foreign supermarket giants such as Wal-Mart and Tesco to enter the country as part of a blitz of economic reforms announced by the government.   The foreign groups will be able to buy stakes of up to 51 percent in multi-brand retailers, allowing them into a previously protected but potentially hugely lucrative sector, Information Minister Ambika Soni said.   Reports also said that rules governing foreign investment in the ...
Afghan bus collides with oil tanker, 50 dead: officials GHAZNI: A passenger bus collided with a fuel tanker in Afghanistan early on Friday, killing 50 people and injuring several others, with women and children among the victims, officials said.   The incident happened in the Spin Band area of Ab Band district of Ghazni province, which straddles the main highway from Kabul to Kandahar, the capital of the south.   It was not immediately clear to whom the fuel tanker belonged.   Ghazni is part of the main supply route ...
19 dead, dozens buried in India landslides DEHRADUN: At least 19 people in northern India died on Friday in landslides and flash-floods triggered by heavy overnight monsoon rains and up to 30 others are missing, a rescue official told AFP.   The deaths occurred in the early hours after particularly heavy downpours in the Rudraprayag and Bageshwar districts of the scenic Himalayan state of Uttarakhand, Piyush Rautela from the state disaster management cell told AFP.   A total of 14 bodies had been discovered in four ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln