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Modi says India to strike own path in climate battle NEW DELHI: Indian Prime Minister Narendra Modi signalled on Monday he would not bow to foreign pressure to commit to cuts in carbon emissions, instead pledging to use more clean energy and traditional methods to lead the fight against climate change.India, the world's No.3 emitter of greenhouse gases, has come under pressure to tackle its rapidly rising emissions since the United States and China committed last November to start cutting their own emissions after a "peak year".United Nations climate talks will be held in Paris later this year to look at ways to limit a damaging rise in global temperatures. Getting India to agree to a strategy to lower its own emissions is vital if the talks are to be judged a success."The world guides us on climate change and we follow them? The world sets the parameters and we follow them? It is not like that," Modi said at ...

Modi urges India's banks to lend to debt-laden farmers      MUMBAI: Prime Minister Narendra Modi on Thursday urged India's banks to lend more to the country's millions of impoverished farmers in a bid to halt suicides by debt-laden agricultural workers.Speaking at an event on increasing financial inclusion, Modi said he was pained to hear of increased reports of farmers taking their own lives after being unable to repay unscrupulous money lenders."Can't we ask ourselves how we can make our banking system so strong that no ...
China home prices fall in March: survey   BEIJING: Falls in Chinese house prices decelerated in March from the previous month, a survey showed Tuesday, after authorities loosened mortgage and tax policies as growth in the world's second-largest economy slows.The average price of a new home in China's 100 major cities edged down 0.15 percent from February to 10,523 yuan ($1,697) per square metre, the China Index Academy (CIA) said in a statement.The decrease slowed from a drop of 0.24 percent in February, ...
Japan and US look to extend naval missions after law change TOKYO: Japanese Prime Minister Shinzo Abe's push to allow Tokyo to come to the aid of an ally under attack will pave the way for closer cooperation between U.S. and Japanese forces across Asia, a top U.S. commander said on Tuesday.Expanded training and joint missions could extend from Japan through the disputed South China Sea - claimed in whole or part by China, Vietnam, the Philippines and other nations - into the Indian Ocean.Neither the ...
Iran nuclear talks - who's saying what GENEVA: After 18 months of talks, some of the world's top diplomats are nearing what could be the finish line for a deal on Iran's nuclear programme.On Monday, Iranian leaders met in Lausanne, Switzerland with ministers from the United States, Russia, Britain, France, China and Germany for their first full session since missing a previous deadline in November. A Western diplomat has described it as "yes or no" time.Below are quotes from key players in ...
India police arrest 1,000 over fresh exam cheating scandal NEW DELHI: Police in eastern India have arrested around 1,000 aspiring constables for using "middlemen" to sit their exams for them, in the latest cheating scandal to hit Bihar state, an official said Monday.Some 50,000 candidates sat the written exams last October for a highly-sought after place in the police force in underdeveloped Bihar, senior superintendent Jitender Rana said by phone from state capital Patna. But many of those candidates who sat the tough exam ...
Deadly air strike hits camp for Yemen displaced: UN SANAA: An air strike hit a camp for displaced people in northwest Yemen on Monday, causing an unknown number of deaths, a United Nations official said."There is confirmation that the camp (in Hajja province) has been hit... We know there are dead and wounded," said the official from the UN Office for the Coordination of Humanitarian Affairs.Copyright Reuters, 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln