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KATHMANDU: A 48-hour strike brought much of Nepal to a standstill on Friday, two weeks ahead of a deadline for the country to complete its first peace-time constitution. Protest groups have been making various claims for their rights ahead of a May 27 deadline for parliament to complete its new constitution following the end of a bloody 10-year Maoist insurgency in 2006. Friday marked the second day of action by the Joint Struggle Committee for National Integrity and Ethnic Harmony, an umbrella grouping of various castes who say proposals to form new federal states along ethnic lines will be divisive. Police said they had detained 50 people in the impoverished Himalayan nation's capital, Kathmandu, where shops were forced to close and drivers warned to stay off the roads. "A taxi was set on fire and another seven more people have been arrested so far today for throwing stones at police and forcing shops to ...

KABUL: A man dressed in Afghan army uniform opened fire at NATO troops in eastern Afghanistan on Friday, killing one service member, the military said. The death brings to 20 the number of NATO soldiers killed by Afghan colleagues in at least 15 separate attacks so far this year. "An individual in Afghan army uniform turned his weapon against coalition service members in eastern Afghanistan today, killing one service member," NATO's mission in Afghanistan said in a ...
BANGALORE: India's inflation rate probably eased only slightly in April, held firm by food prices, underscoring the central bank's stance that it had little room for further rate cuts, a Reuters poll found. The median consensus from a survey of 27 economists forecast the wholesale price index, India's main inflation gauge, rose 6.70 percent in April versus a year ago. This is a tad slower than the average rate of 6.91 percent in the last three months, ...
MUMBAI: National carrier Air India on Thursday suspended passenger bookings for flights to the United States, Europe and Canada because of a strike by pilots. The airline, which was already losing nearly $2 million a day, has been forced to cancel a number of international flights since its pilots began a wildcat strike by reporting in sick on Monday night. "We are suspending booking of tickets for west-bound flights till May 15," Air India spokesman K. Swaminathan ...
KABUL: Four people were killed and five wounded Thursday when a group of six suicide bombers wearing police uniforms attempted to storm a government building in southeastern Afghanistan, police said. A firefight erupted as the attackers tried to get through a police checkpoint in an attempt to attack the Yahyakhail district governor's office in Paktika province, provincial police chief Dawlat Khan Zadran told AFP. "Only one of them managed to detonate the suicide vest he was wearing, ...
NEW YORK: The teenage daughter of an Indian diplomat who says she was wrongfully arrested for sending threatening emails to two of her New York City teachers has sued the city for $1.5 million, claiming civil rights violations. Krittika Biswas, the daughter of the vice-consul in the Consulate General of India in New York, was arrested and imprisoned for a night last year after gym and calculus teachers at her Queens high school accused her of ...
TOKYO: Japan's government will take a controlling stake in the operator of the Fukushima nuclear plant under a plan ministers approved Wednesday, effectively nationalising one of the world's largest utilities. Tokyo will inject one trillion yen ($12 billion) as part of a 10-year restructuring aimed at preventing the vast regional power monopoly from going bankrupt. Tokyo Electric Power (TEPCO), which is facing a huge clean-up bill for the disaster at Fukushima, along with colossal compensation claims from ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln