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India considers closing some loss-making state firms NEW DELHI: Indian government officials will meet on Tuesday to discuss proposals to shut down some loss-making state-owned companies, risking a conflict with powerful trade unions.After two decades of halting privatisations, the central government still owns about 260 firms and thousands more at the state level, involved in activities ranging from generating nuclear power to making condoms.Some of them, including Oil and Natural Gas Corporation and Steel Authority of India are successful, but there are dozens more that have been bleeding cash for decades and kept afloat by budgetary support each year.On Tuesday, Cabinet Secretary Ajit Seth has called a meeting of top officials to consider what to do with the 10 firms that make the biggest losses. They had a combined net loss of 245 billion rupees ($4 billion) in 2012/13.The list includes Bharat Sanchar Nigam, Mahanagar Telephone Nigam, Air India, Hindustan Photofilms and Hindustan Fertilisers Corporation, according to ...

Bangladesh sets two-year jail term for child marriage DHAKA: Bangladesh on Monday approved a law setting a two-year jail term for anyone involved in marrying a girl aged under 18, in a bid to cut the country's notoriously high child marriage rate.The new law comes days after new UN figures showed two-thirds of Bangladeshi girls marry before they reach adulthood. It targets the parents or guardians and the marriage registrar as well as the groom."Anyone found responsible for child marriage, including the groom, ...
India's spacecraft 'on target' to reach Mars BANGALORE: An Indian spacecraft is on course to reach Mars, an official said Monday, following a 666-million-kilometre voyage that could see New Delhi's low-cost space programme win Asia's race to the Red Planet.The 350-tonne rocket carrying an unmanned probe is set to enter Mars's orbit next week after 10 months in space.It is India's first mission to the planet to search for evidence of life.Indian Space Research Organisation official Koteswara Rao said the rocket has ...
China's Xi starts South Asia tour in ‘paradise’ MALE: Chinese President Xi Jinping arrived in the Maldives Sunday, making a historic visit to the Indian Ocean tourist destination at the start of a three-nation South Asian tour.Maldivian President Abdulla Yameen received Xi and his entourage at the international airport, located on a small islet near the capital island Male where an official state welcome awaits him Monday.Xi and his wife were taken to the nearby Paradise Island Resort and Spa, a self-contained super-luxury ...
China urges central Asian neighbours to step up extremism fight BEIJING: China's President Xi Jinping urged Central Asian states to step up the fight against religious extremism and cyber terrorism, state media said, as Beijing reaches for help across its borders in addressing security concerns in its restive Xinjiang region.Beijing says separatist groups in the far western region of Xinjiang, home to the Muslim Uighur minority, are seeking to form their own state called East Turkestan and have links with militants in Central Asia as ...
Garment industry says 200 plants shut since Bangladesh disaster DHAKA: More than 200 garment factories have shut down in Bangladesh since the country's worst industrial disaster prompted a massive clean-up of the world's second-largest textile sector, an industry group said Thursday.The closures have cost tens of thousands of jobs and led to a fall in exports, raising worries about the $24.5 billion industry -- the key economic mainstay for the impoverished nation of 155 million people.The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which ...
Iran says emerging anti-Islamic state coalition ‘shrouded in serious ambiguities’ ANKARA: Iran said on Thursday the emerging international coalition to battle Islamic State militants was "shrouded in serious ambiguities", Iranian state television reported."The so-called international coalition to fight the ISIL group... is shrouded in serious ambiguities and there are severe misgivings about its determination to sincerely fight the root causes of terrorism," Foreign Ministry Spokeswoman Marzieh Afkham said on Thursday.She did not mention specifically a call by U.S. President Barack Obama for a broad coalition ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln