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Indian monsoon rains about a third below average in past week NEW DELHI: India's monsoon rains were 31 percent below average for the week ended June 25, weather office data showed on Thursday, the third straight week of poor rains after a delayed onset.The June-September seasonal rains were 45 percent below average in the previous week as the progress of the monsoon halted after covering half of India four days later than the usual date.India's farm sector shares around 14 percent of its nearly $2 trillion economy, and two-thirds of its 1.2 billion population live in rural areas.Copyright Reuters, 2014 ...

China official on key Taiwan trip says comes with sincerity TAOYUAN: China's top official in charge of Taiwan ties arrived on the island on Wednesday to begin landmark talks aimed at wooing Taiwanese who remain suspicious about a pending trade pact and autocratic China's designs on Taiwan."It took three hours for me to fly here from Beijing, but it took 65 years for both sides across the Taiwan Strait to come this far," said Zhang Zhijun, director of China's Taiwan Affairs Office, as he sat ...
800 Taliban fight Afghan troops in five-day battle: officials KANDAHAR: More than 800 Taliban insurgents have launched a major offensive in southern Afghanistan to try to gain territory recently vacated by US troops, officials said Wednesday, with 40 civilians killed in five days of fighting.About 100 Taliban have been killed, according to the interior ministry, in clashes that erupted as Afghanistan wrestled with a political crisis over alleged fraud in the June 14 election to choose a successor to President Hamid Karzai.Local officials in ...
Japan PM Abe says 'positive cycle' emerging in economy TOKYO: Japanese Prime Minister Shinzo Abe said on Tuesday that a "positive cycle" was appearing in the country's economy as rising corporate revenues lead to higher wages and household income.But Abe said the recovery has yet to reach broader sectors of the economy, stressing the need to ensure the positive economic cycle does not end up as a temporary phenomenon."The mandate of 'Abenomics' is to make people across Japan feel the benefits of the economic ...
India may extend caps to more drugs MUMBAI: India's health ministry has formed a committee that will meet for the first time on Tuesday to consider raising the number of drugs deemed essential and subject to price caps, people directly involved in the process said. The committee will consider adding more drugs to the National List of Essential Medicines (NLEM), all of which would then come under price controls, one of the people told Reuters. New Delhi last year raised the number ...
Sri Lanka Muslims call off protest over deadly attacks COLOMBO: Sri Lankan Muslims called off a planned protest Monday to denounce a series of attacks by Buddhist extremists after police warned their action could further inflame religious tensions.The Sri Lanka Thawheed Jamaath (SLTJ) said they were calling off their demonstration in the capital as well as a work stoppage after talks with a senior police officer in charge of security in the capital."As to a request of Senior Deputy Inspector General Anura Senanayake the ...
Iran rejects US action in Iraq as militants push east ANBAR: Iran's supreme leader condemned U.S. intervention in Iraq on Sunday, accusing Washington of seeking control as insurgents drove toward Baghdad from the Syrian border and consolidated positions in the north and west.The statement by Ayatollah Ali Khamenei was the clearest statement of opposition to a U.S. plan to dispatch of up to 300 military advisers in response to pleas from the Iraqi government and runs counter to speculation that old enemies Washington and Tehran ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln