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Indian Maoists take 250 villagers hostage: officials RAIPUR: Indian Maoist rebels took 250 villagers hostage in restive Chhattisgarh just hours before Prime Minister Narendra Modi toured the central state on Saturday, officials said. Guerillas abducted the villagers late Friday in Sukma district, 80 kilometres (50 miles) away from where the right-wing Modi later addressed a public rally, said the state's chief minister."250 villagers have been abducted by the Maoists. We are trying our best to secure their release," Raman Singh said without giving further details.Lawmaker Kawashi Lakma told AFP that the rebels grabbed locals from Morenga village and took them through deep forests to a nearby hill."The Maoists had been opposing the construction of a bridge on one of the rivers because they felt it would give the security forces easy access to their hideouts," said Kawashi Lakma."We have sent some people to negotiate with them."Hostage-taking is a common tactic employed by the Maoist rebels but the ...

Nepal warns against post-quake rent increases KATHMANDU: Nepal's government fired a warning shot at landlords Friday, saying any property owner who tries to profit from a devastating quake that left thousands of families homeless would face legal action.The April 25 disaster completely destroyed 288,798 houses nationwide while 254,112 homes were partially damaged, according to the Himalayan country's National Emergency Operation Centre.Large areas of Kathmandu were turned into piles of rubble and almost two weeks on from the 7.8-magnitude quake thousands are ...
Indian PM Modi to visit China next week: Beijing BEIJING: India's Prime Minister Narendra Modi will visit China next week, Beijing said Tuesday, as New Delhi tries to balance its trade deficit with its neighbour despite a simmering border dispute.It is Modi's first visit to China as leader of its Himalayan neighbour -- the world's largest democracy and an Asian geopolitical rival -- following his election victory last year.Modi, of the Hindu nationalist Bharatiya Janata Party (BJP), will visit for three days from Thursday ...
Traffic accident kills 18 in western Afghanistan: officials HEART: At least 18 people were killed and three injured on Sunday when a minivan overturned in western Afghanistan, provincial officials said. The accident in the Bala Murghab district of Badghis province was due to the driver's "recklessness", said provincial governor's spokesman Mirwais Mirzakwal, who gave the casualty figure.Sharafudeen Majeedi, chief of staff in the governor's office, confirmed the death toll. The injured were taken to hospital by local people while police and a rescue ...
Bangladesh opposition boycotts city polls DHAKA: Bangladesh's main opposition party pulled out of mayoral elections on Tuesday saying the polls were rigged, deepening a political crisis plaguing the impoverished country.The Bangladesh Nationalist Party (BNP) announced it was boycotting the elections in the two largest cities of Dhaka and Chittagong, more than four hours after voting got under way.The polls are seen as a key test of the popularity of Prime Minister Sheikh Hasina and her centre-left ruling Awami League party, ...
Indian parliament kicks off debate on key tax reform NEW DELHI: India's parliament began debating a sales tax on Friday that seeks to transform the country into a common market, but experts said compromises made to enlist the support of states risked diluting the impact of the biggest tax reform in decades.The proposed goods and service tax (GST) would harmonise a mosaic of state and central levies into a national sales tax which business and policy makers hope would boost manufacturing and reduce corruption."GST ...
India's SMEs still to be convinced by business-friendly PM NEW DELHI: While Narendra Modi may be the toast of India's titans of industry, bosses of the army of small and medium-sized businesses (SMEs) are beginning to grow impatient for change a year into his premiership.With the economy now outpacing even China, Modi has won big-name plaudits for transforming the climate with a series of reforms and pledges that have burnished his business-friendly credentials.In a paean to Modi for the latest edition of Time magazine, ...


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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln