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India suffers another huge power failure NEW DELHI: India's northern grid, which covers an area home to more than 300 million people, failed for the second day in a row on Tuesday, an official said, with the outage also reportedly spreading to the eastern grid. "Yes, there has been some disturbance," V.K. Agrawal, the general manager of the Northern Grid, told AFP when asked if the northern grid had collapsed. The Press Trust of India, citing power ministry sources, said the eastern power grid had also failed. Copyright AFP (Agence France-Presse), 2012 ...

Millions lost in Afghan reconstruction WASHINGTON: Millions of dollars in US funds have been lost due to poor planning and workmanship in projects to help rebuild Afghanistan and billions more could be at risk, a US watchdog said Monday. The report by the special inspector general for Afghanistan, John Sopko, warned that handing over security to Afghan forces as the US withdraws its troops would also likely cause the costs of US-funded aid schemes to balloon. "The United States risks wasting billions ...
Blackout hits 300 million in northern India  NEW DELHI: A massive power cut blacked out northern India Monday, leaving more than 300 million people without power, shutting down water plants and stranding hundreds of trains in the worst outage in a decade. Power Minister Sushilkumar Shinde said the entire northern grid collapsed for six hours shortly after 2:00 am (2030 GMT Sunday), causing chaos in nine states including the capital New Delhi. The cut severely disrupted transport networks as around 300 passenger trains ground ...
Massive power cut strikes northern India  NEW DELHI: A massive power cut struck northern India early on Monday, affecting supplies in at least half a dozen states that are home to hundreds of millions of people, officials said. Officials were assessing the cause of the problem on the Northern Power Grid and the number of people hit, but reports pointed to a fault in one state that led to an auto-shutdown in surrounding areas. The Press Trust of India said the area around ...
Sri Lanka nets 500 Australia-bound boat people in July COLOMBO: Sri Lanka's navy arrested a boatload of people heading to Australia and raised the number of would-be illegal immigrants detained this month to a record 500, an official said on Sunday. A fishing trawler carrying 31 people was intercepted off the island's western coast on Saturday, and another 20 were arrested on shore ready to board the vessel, the navy official said. "We had the highest number of arrests this month," said the official, who asked ...
Tajik rebels surrender after threat of new assault DUSHANBE: Rebels facing off against government troops in Tajikistan's volatile east began laying down their weapons on Sunday after the authorities threatened to launch a new offensive to capture a former warlord accused of killing a local security chief. President Inomali Rakhmon had called a ceasefire late last Tuesday after heavy fighting, promising to pardon anyone who disarmed while demanding that the rebels handed over Tolib Ayombekov, the former warlord, along with three fighters. A senior Tajik ...
India anti-graft activist Hazare starts new fast NEW DELHI: Indian activist Anna Hazare, who galvanised the country last year with his hunger strikes against corruption, began a new fast Sunday to press demands for a crackdown on official graft. Hazare and his supporters want parliament to strengthen a pending anti-corruption bill and the creation of a special team to probe possible graft allegations against 15 ministers, including Prime Minister Manmohan Singh. The 75-year-old former army truck driver threatened to fast until death if the ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln