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Delhi rapist blames victim for being out at night NEW DELHI: One of the men convicted of the gang-rape and murder of an Indian student that shocked the world has said he blames the victim for "roaming around at night".The comments are made in a documentary to be screened on International Women's Day.Mukesh Singh, who was sentenced to death for his crimes, said the victim should not have been out at night, and should not have resisted the attack on a moving bus in 2012."You can't clap with one hand -- it takes two hands. A decent girl won't roam around at 9 o'clock at night," he said in an interview for "India's Daughter", a BBC documentary to be broadcast on Sunday."A girl is far more responsible for rape than a boy. About 20 per cent of girls are good."The 23-year-old physiotherapy student died from her injuries 13 days after she was savagely attacked on her way home from ...

India's Modi passes budget test despite lack of reform dazzle NEW DELHI/MUMBAI: India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check.The budget presented by Finance Minister Arun Jaitley on Saturday loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the fiscal deficit target.While it was short on the "big bang" ...
India raises threshold for transfer pricing rules NEW DELHI: India has raised the threshold for the application of transfer pricing rules to 200 million rupees ($3.24 million), from the current 50 million rupee level, according to the budget proposal presented by Finance Minister Arun Jaitley on Saturday.Copyright Reuters, 2015 ...
India to spend $37bn on major subsidies in 2015/16 NEW DELHI: India is expected to spend 2.27 trillion rupees ($37 billion) on major subsidies during the fiscal year starting April 1, according to budget proposals presented by Finance Minister Arun Jaitley on Saturday.Copyright Reuters, 2015 ...
India budget plans to inject $1.3bn into state banks in FY16 NEW DELHI: India plans to infuse 79.4 billion rupees ($1.29 billion) of capital into state-owned lenders during the fiscal year to March 2016, the annual budget showed on Saturday.Copyright Reuters, 2015 ...
India budget sets net receipts at 200 bln rupees for FY2015/16 MUMBAI: The Indian government set aside 200 billion rupees ($3.24 billion) in net receipts under the market stabilisation scheme (MSS) in the fiscal 2015/16 year, according to the budget documents.Under the MSS, the Reserve Bank of India sells government bonds to absorb excess liquidity from the banking system.Copyright AFP (Agence France-Presse), 2015 ...
India's Jaitley goes for growth, slower fiscal deficit cuts NEW DELHI: India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit.Jaitley, delivering his first full-year budget since Prime Minister Narendra Modi's landslide election victory last May, said growth would accelerate to between 8 and 8.5 percent in the fiscal year starting in April."India is about to take off," ...


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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