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India seeks cabinet approval for foreign investment in railways NEW DELHI: India's railway ministry is seeking cabinet approval to allow greater access for foreign investors to the world's fourth largest railway network, minister Sadananda Gowda said in his maiden budget on Tuesday. Copyright Reuters, 2014 ...

Afghan election result due at 0930 GMT: official KABUL: Afghanistan's preliminary election result will be released at 2:00 pm (0930 GMT) on Monday, officials said, after a five-day delay in a growing dispute over alleged fraud."The result will be announced at a press conference at 2:00 pm," an Independent Election Commission official told AFP.Copyright AFP (Agence France-Presse), 2014 ...
Top British ministers begin India visit to woo Modi MUMBAI: Two of Britain's most senior ministers arrived in India on Monday to seek stronger trade and investment links with the new government of Prime Minister Narendra Modi. Foreign Secretary William Hague and Finance Minister George Osborne landed in the financial capital Mumbai to start their two-day visit, which is expected to focus on forging deeper defence, infrastructure and other ties between the two countries. "The excitement here is matched by new confidence among international ...
Germany's Merkel arrives in China with trade topping agenda BEIJING: German Chancellor Angela Merkel arrived in China on Sunday for her seventh visit since 2005, with economic ties topping the agenda and a high-powered business delegation in tow.Merkel touched down early Sunday in the southwestern city of Chengdu, where she met local officials, visited a market and toured a factory operated by German car manufacturer Volkswagen.Merkel is due to arrive later Sunday in Beijing, where she will wrap up the first day of the ...
Mob burns school in riot-hit Myanmar city MANDALAY: Muslims in Myanmar's second-largest city accused police on Saturday of standing by as a Buddhist mob went on a rampage, torching a school and other buildings.Angry mourners, some carrying crude weapons, rioted in Mandalay after the funeral of a 36-year-old Buddhist victim of the country's latest eruption of religious unrest, witnesses said.A school and dormitory in the Muslim area of a cemetery on the outskirts of the city were seen charred and damaged on ...
India building collapse death toll climbs to 55 NEW DELHI: Rescuers have pulled 13 more bodies from the rubble of a building that collapsed last weekend in southern India, raising the death toll to at least 55, officials said Thursday.The 11-storey apartment tower on the outskirts of Tamil Nadu's state capital Chennai, which was still under construction, came crashing down Saturday following heavy rains, killing mainly labourers.Karuna Sagar, a senior officer with the Tamil Nadu state police force, said the confirmed death toll ...
Abdullah leads protesters in Afghan election stand-off KABUL: Afghan presidential candidate Abdullah Abdullah led several thousand demonstrators through Kabul on Friday, upping the stakes in his protest against alleged election fraud that has triggered a political crisis.Abdullah has vowed to reject the election result, saying he was the victim of massive ballot-box stuffing in the June 14 poll with vote counting reportedly putting him far behind his rival Ashraf Ghani.As tensions rise fast between opposing supporters, the United Nations has expressed fears ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln