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Indian finance minister out of hospital, to skip G20 NEW DELHI: Indian Finance Minister Arun Jaitley was released from hospital on Wednesday after a longer-than-expected stay for treatment, and will miss a meeting of finance ministers from the Group of 20 nations in Australia next week.Jaitley was admitted to a private hospital in New Delhi on Sept. 1 for planned surgery to manage a long-standing diabetic condition. He had been expected to leave after a few days.The 61-year-old minister underwent a minimally invasive gastric bypass procedure, intended to cut appetite and prevent the weight gain that often accompanies the condition.Pardeep Chowbey, the director of the Max Institute hospital where Jaitley was treated, said the procedure had been successful, helping the minister to reduce his weight by 14 kg to 104 kg (229 pounds)."His diabetes is now under control and his kidneys are functioning much better," Chowbey told Reuters, adding Jaitley would now be fit to travel.BACK TO WORKThe former ...

India says no immediate plans to raise edible oil import duty NEW DELHI: India has no immediate plans to raise the import duty on edible oils, Food Minister Ram Vilas Paswan told reporters on Wednesday, as prices of oilseeds in local market fell tracking edible oil prices overseas.India meets more than half of its edible oil requirement through imports. Industry associations have been demanding a rise in the import duty following a sharp drop in local soybean and groundnut prices.Copyright Reuters, 2014 ...
Japan approves nuclear restart amid push to close old reactors TOKYO: Japan's nuclear regulator on Wednesday approved the restart of a nuclear power station, the first step to reopening an industry that has been idle since the Fukushima disaster, as the government pushes for the permanent closure of older reactors.The Nuclear Regulation Authority (NRA) said Kyushu Electric Power Co's Sendai plant in southwestern Japan had met safety requirements needed to restart, as the country nears the end of its first full year without nuclear power ...
Indian finance minister skips G20 meeting, still in hospital NEW DELHI: Indian Finance Minister Arun Jaitley will miss a meeting of finance ministers from the Group of 20 nations in Australia next week as he is still in hospital undergoing treatment, the finance ministry said on Wednesday. Jaitley was admitted to a New Delhi hospital on Sept. 1 for treatment to manage a diabetic condition. The 61-year-old minister, who is responsible for both finance and defence in India's new government, had originally been expected ...
China offers hefty rewards for ‘terrorism’ tips in Xinjiang BEIJING: China is offering up to 1 million yuan ($160,000) in rewards to "terrorism" informants in its western Xinjiang region, state media said on Tuesday, in the latest policy aimed at getting a handle on unrest there. Authorities in numerous regions and provinces around China have offered money for tip-offs in recent months after a series of attacks the government has blamed on separatists and Islamist militants from Xinjiang, home to the Muslim Uighur ethnic ...
India urges scrapping of all illegal mine permits NEW DELHI: India's government urged the Supreme Court on Tuesday to scrap permits for nearly 220 coal mines after the licensing process was deemed illegal, reversing an earlier request for some to remain open.Energy-hungry India's coal market has been in turmoil since last month when the Supreme Court declared the government-run procedure for awarding the coal blocks to private firms had been illegal.The court Tuesday reserved its judgement after ending hearings about what to do ...
Indian PM to visit White House on Sept 29-30 WASHINGTON: Indian Prime Minister Narendra Modi, who was for years barred from visiting the United States, will meet President Barack Obama at the White House on September 29-30, US officials said Monday.The meeting will mark Modi's first visit to Washington since his Hindu nationalist Bharatiya Janata Party (BJP) swept to a crushing victory in May's elections. Modi was told in 2005 by the previous administration of president George W. Bush that he would be refused ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln