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Banking for all to end ‘financial untouchability’: Modi NEW DELHI: Indian Prime Minister Narendra Modi promised on Thursday to end "financial untouchability" with a scheme to ensure the majority of households in his country of nearly 1.3 billion people has a bank account within months.If successful, the scheme could help mend strained state finances by better targeting billions of dollars in welfare spending as well as relieving poverty in a country where about 40 percent of the population has no access to banking."Mahatma Gandhi tried to end untouchability in the society," Modi said, referring to modern India's founding father and his drive to stamp out bias based on the traditional caste system."If we want to eradicate poverty, we need to get rid of financial untouchability," he said."If forty percent of Indians are not a part of the economy, how can we be successful in eradicating poverty?" Modi asked.The government said nearly 15 million people opened accounts at centres ...

Abdullah boycotts Afghan election audit: spokesman KABUL: Afghanistan's fraud-hit election teetered on the brink of collapse Wednesday when one candidate boycotted the UN-supervised vote audit set up to end a prolonged dispute over the rightful winner."We will not join the process today, and maybe we will not re-join the process at all," Fazel Aqa Hussain Sancharaki, a spokesman for Abdullah Abdullah, told AFP.Copyright AFP (Agence France-Presse), 2014 ...
Bangladesh court charges 147 opposition supporters over blast DHAKA: A court in Bangladesh on Monday ordered the trial of nearly 150 people, including senior leaders of the main opposition party, over an explosion outside their headquarters last year.The move to charge 147 people with setting off explosives in the capital Dhaka came as the opposition mounted fresh protests to try to unseat a government they say is illegal.Hundreds of opposition supporters have been charged since violent protests over disputed elections held in January ...
Temple stampede in central India kills at least 10: official NEW DELHI: A stampede killed at least 10 people and injured more than 60 in the central Indian state of Madhya Pradesh on Monday as pilgrims gathered at a temple, an official said."A stampede broke out very early this morning, around 5:30 or so, where five women and five men have died," police control room official Vinay Kumar Singh told AFP by phone."The place is still very chaotic and crowded, but police and ambulances have ...
Western Iran hit by quake of magnitude 5.2 SINGAPORE: A shallow earthquake of magnitude 5.2 struck northwest of the western Iranian city of Dezful on Sunday, the US Geological Survey said, some 300 miles (480 km) from Tehran, the capital. There were no immediate reports of casualties. The depth of six miles was the same as that of a 6.3-magnitude quake which hit the same area on Aug. 18, injuring 60 people. Sunday's quake hit 38 miles west northwest of Dezful. Copyright Reuters, ...
India's Jaitley to tighten up banking risk management NEW DELHI: Indian Finance Minister Arun Jaitley said on Thursday that the government was working to tighten up risk management in the banking sector. Jaitley, in a speech, said that some recent incidents in the banking sector had been "disturbing" and expressed the hope that they would not be repeated. He did not name any banks, but his comments followed the opening of an investigation into whether the head of state-controlled Syndicate Bank accepted bribes ...
Iran parliament dismisses minister in setback for Rouhani DUBAI: Iran's parliament voted to dismiss the minister of science on Wednesday, removing an official viewed with distrust by conservatives and dealing a blow to moderate President Hassan Rouhani's liberalisation programme.An impeachment motion passed by the assembly accused Reza Faraji-Dana, the Minister of Science, Research and Technology, of allowing students expelled from university following anti-government unrest in 2009 to return to campus.The vote, reported by official media, marks the first major ousting from office of ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln