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India's Modi to visit France, Germany and Canada NEW DELHI: Indian Prime Minister Narendra Modi will visit France, Germany and Canada next month, the foreign ministry said Wednesday, on a tour expected to focus on attracting investment to the country.Modi won a landslide election victory last May on a pledge to revive India's economic fortunes, and has embarked on an ambitious drive to attract more foreign investment to the country of 1.2 billion people.He will meet President Francois Hollande during a three-day visit to France that begins on April 9, with a deal for India to buy 126 Rafale fighter jets likely to be high on the agenda.France is hoping to save the deal, which has been snagged for three years and now faces new questions over cost.In Germany Modi will attend the Hannover Messe, the world's biggest trade fair, and hold talks with Chancellor Angela Merkel, foreign ministry spokesman Syed Akbaruddin told reporters.He will leave for Canada ...

Beijing behind Internet security violation BEIJING: China's cyberspace administration is "complicit" in attacks on major Internet companies including Google, an anti-censorship group said Wednesday, calling on firms worldwide to step up their, which operates websites seeking to circumvent China's vast censorship apparatus, pointed to statements by Google, Microsoft and Mozilla as showing the Chinese government was involved in so-called "man-in-the-middle" operations.Such attacks involve an unauthorised intermediary inserting themselves between computer users and their online destinations, usually undetected, putting them ...
China officially approves three new free trade zones BEIJING: China's government approved on Tuesday the formation of three new free trade zones (FTZ) in the city of Tianjin, southeastern Fujian province, and southern Guangdong province, the official Xinhua news agency reported.The three new free trade zones along China's eastern coast, mooted for several months but officially given the green light on Tuesday, will copy the model of the Shanghai FTZ established in 2013 as a testing ground for looser rules governing currency conversions ...
Japan PM Abe set for one-week US tour TOKYO: Japanese Prime Minister Shinzo Abe will embark on a week-long US tour next month as the two former enemies prepare to mark the 70th anniversary of the end of World War II.In addition to talks in Washington, Abe will tour Boston, San Francisco and Los Angeles during the April 26-May 3 trip, Chief Cabinet Secretary Yoshihide Suga said Monday.Abe will become the first Japanese leader to address a joint session of the US Congress, ...
Fire breaks out at India's parliament complex NEW DELHI: A blaze which erupted Sunday at India's national parliament brought firefighters rushing to the historic building in the centre of New Delhi.Smoke was seen billowing from above the red sandstone boundary wall of the parliamentary complex as police tried to clear the streets around the building.Some 30 officers and 11 fire trucks were fighting the blaze which a top officer said started at 2.21 pm (0851 GMT) and was contained about 20 minutes ...
1,000 detained in India over exam cheating: police NEW DELHI: Police have detained more than 1,000 people in eastern India over a cheating scandal that saw relatives scale the walls of a school exam centre to help students, a senior officer said Sunday.Images last week showed dozens of people clinging to the windows of a four-storey building to pass cheat sheets in the state of Bihar, where more than 1.4 million teenagers are sitting their school-leaving exams.Other images broadcast on local television showed ...
India's unseasonable rains pose risk to crops, inflation: minister NEW DELHI: India's unseasonable rainfall has damaged some crops and could stoke food price inflation and some shortages, though surplus stocks of foodgrains would help the country cope comfortably, the finance minister said."The damage to the crops and its consequential effects would be there. It could impact on inflation. It could impact on certain (food) shortages," Arun Jaitley told television channel CNN-IBN on Saturday."But then since we've surplus as far as the foodgrains are concerned, ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln