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India parliament paralysed as fresh scandals erupt NEW DELHI: India's unruly parliament was paralysed on Monday as new scandals engulfed the Congress-led government, stalling its economic reform drive and leading to opposition calls for the resignation of two ministers.The government, rocked by repeated controversies, was put on the defensive by charges that the law minister interfered in a criminal probe into the alleged illegal awarding of coalfields at throwaway prices.The government was also hit by the arrest of the railway minister's nephew who had allegedly demanded a $160,000 bribe to arrange a plum promotion for a railway official."The resignation of the ministers is a must. No bill should be passed in chaos, and we will not let any bill pass," said lower house opposition leader Sushma Swaraj. The minority government was not seen in any immediate danger of falling.But the opposition's decision to stall proceedings made it unlikely it would succeed in passing key reforms to hike ...

28 dead as police clash with Bangladesh Muslims DHAKA: At least 28 people have been killed after police clashed with thousands of Muslims demanding a new blasphemy law in the Bangladeshi capital Dhaka, police and medical officials said Monday.The bodies of 11 victims, including a policeman, were taken to Dhaka Medical College Hospital, Mozammel Haq, a police inspector based at the hospital, told AFP. Officials at three private clinics in the capital confirmed that they had received the bodies of 11 other victims.Copyright ...
Supreme Court allows protest-hit Indian nuclear plant NEW DELHI: India's Supreme Court gave the green light on Monday to the commissioning of a nuclear power plant in the southern state of Tamil Nadu that has been the target of widespread protests."The plant has been set up for people's welfare," said the ruling on the Kudankulam plant. "Necessary clearances have been taken by the government, and development of the nuclear power plant is important for India," it added.Copyright AFP (Agence France-Presse), 2013 ...
Bangladesh urges no harsh EU measures over factory deaths DHAKA: Bangladesh urged on Saturday urged the European Union not to take tough measures against its economically crucial textile industry in response to the collapse of a garment factory that killed nearly 550 people.Bodies were still being pulled from the ruins on Saturday as tearful families stood by waiting for news of victims of the country's worst ever industrial accident.The European Union, which gives preferential access to Bangladeshi garments, had threatened punitive measures in order ...
Factory generators caused Bangladesh disaster: investigator DHAKA: A top investigator probing last week's garment factory disaster in Bangladesh on Friday blamed vibrations from four illegal generators for the collapse of the building which killed more than 500 workers.The preliminary findings of the government probe, as described by lead investigator Main Uddin Khandaker, gave the clearest explanation yet for the catastrophic structural failure."Four huge generators were set up on each of the top floors where garment factories were located, violating rules," Khandaker, ...
Iran union urges wage hike at May Day rally TEHRAN: An Iranian workers union on Wednesday urged the government to hike salaries and curb soaring inflation as the Islamic republic's economic woes take a toll on its working class, local media reported."A 25-percent increase in salaries does not even correspond with the annual inflation (ending March 2012), let alone that of this year," said the head of the Worker's House, Alireza Mahjoub, quoted by the Iranian Labour News Agency (ILNA).Addressing about 4,000 workers in ...
Earthquake measuring 5.7 strikes northern India: USGS        SYDNEY: A shallow earthquake with a preliminary magnitude of 5.7 struck in northern India on Wednesday, the US Geological Survey said.The quake was only 10 km (six miles) deep and struck at 6:57 GMT, 17 km (10 miles) northeast of Bhadarwah in India, said the USGS. Powerful, shallow quakes are capable of causing extensive damage.Copyright Reuters, 2013 ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln