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India police tear gas protesters outside state parliament NEW DELHI: Riot police in the southern Indian state of Kerala on Friday fired tear gas and water cannons as an opposition attempt to block the state government from presenting its annual budget turned violent.Hundreds of opposition activists protested outside the state parliament in Thiruvananthapuram city, as lawmakers inside the chamber flung computer keyboards and threw the speaker's chair over a railing -- a rare note of discord in a state that is best known for its white sandy beaches and tranquil inland riverways.Television images showed riot police wearing helmets and carrying batons and shields, pushing back protesters wearing the trademark red hats of the opposition Left Democratic Front (LDF) coalition outside the parliament building. The protests began when the opposition tried to prevent state finance minister K M Mani from presenting Kerala's annual budget following calls for his dismissal over allegations of corruption.Opposition activists wanted to stop Mani entering ...

Modi passes first major economic reform with insurance overhaul NEW DELHI: Indian Prime Minister Narendra Modi passed his first major economic reform almost a year after coming to power, as parliament voted late on Thursday to allow more foreign investment in the insurance sector.Lawmakers in the upper house agreed to increase the foreign investment limit in local insurers to 49 percent from 26 percent after the opposition Congress party swung behind the bill which cleared the lower house last week.The passage of the bill ...
Three dead as factory building collapses in Bangladesh DHAKA: The roof of a partly-built cement factory collapsed in southern Bangladesh Thursday, killing at least three workers with up to 10 others trapped under the debris, police and rescuers said.Emergency workers managed to rescue 15 people when the roof caved in, but three later died of their injuries, local police chief Jahedur Rahman told AFP.Rahman said up to 10 people remained trapped at the site in Mongla, the country's second largest sea port.Buildings frequently ...
India's Modi dilutes land bill, wins lower house vote NEW DELHI: India's government rallied its allies on Tuesday behind a land reform bill, setting the stage for a vote in the upper house of parliament that will test Prime Minister Narendra Modi's ability to pursue his business-friendly agenda.Amendments introduced by Modi's party to soften the impact of the reforms ensured the backing of most of his coalition partners and victory in a lower house vote. But they failed to placate opposition parties, who stormed ...
Modi 'skips Maldives' after unrest: diplomatic source NEW DELHI: India's Prime Minister Narendra Modi will skip the Maldives on a regional tour this month due to political unrest following the arrest of the former president and opposition leader, an Indian diplomat has said.The Indian foreign ministry announced Friday that Modi would be visiting the Seychelles, Mauritius and Sri Lanka from March 10 to 14, with no stop scheduled in the Maldivian capital Male, which had been making plans to receive him."The visit ...
India asks YouTube to block banned rape film NEW DELHI: India said Thursday it had asked YouTube to block access to a documentary about a savage gang-rape in Delhi, after barring broadcasters from airing the film. The authorities also confirmed that a legal notice had been issued to the BBC late Wednesday, asking it not to broadcast the documentary as it violated certain agreements with the filmmaker. "India's Daughter" has sparked a fierce debate in India because it includes an interview in which ...
Bangladesh court upholds arrest warrants against opposition leader DHAKA: A Bangladeshi court on Wednesday upheld arrest warrants against opposition leader Begum Khaleda Zia and called her a fugitive after she again failed to appear to face graft charges that have stoked political tensions.Authorities issued the warrants last week, after almost two months of anti-government protests called by Khaleda's Bangladesh Nationalist Party (BNP). She dismisses the corruption allegations.Her lawyer Khandaker Mahbub argued on Wednesday the warrants should be lifted as the charges were politically ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln