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Showing posts from August, 2013
World News Snippets31082013
At least 5 killed in suicide bomb attack in Afghanistan A suicide bomber detonated explosives near a police checkpoint and a bank in southern Afghanistan on Saturday morning, killing at least five people, officials said. Most of the victims were civilians. The bank building was badly damaged, AP reported, adding that no group immediately claimed responsibility for the attack. Taliban fighters have recently escalated their activity as US-led foreign forces cut their presence in the country, with primary responsibility for security now handed over to Afghan troops.

15 killed in liquid ammonia leak in Shanghai At least 15 people died Saturday after liquid ammonia lead at a refrigeration unit in a factory in Shanghai, China’s Xinhua reports. Over 30 people were hospitalized, six of them in critical condition, the Shanghai regional government said. The incident occurred in the city’s northern district of Baoshan, at a cold storage unit owned by a sea…
Fundamentals of economy strong; growth in second half of fiscal: PM30082013 Facing an attack over the economic situation amid a sliding rupee, Prime Minister Dr. Manmohan Singh, made a detailed statement on the crisis in Rajya Sabha, asserting that growth will improve in the second half of fiscal year, even as the BJP and Left parties walked out after his statement. Highlights: What triggered the sharp depreciation in Rupee value was due to certain external forces We need to reduce our appetite for gold, economise the use of petroleum products and take steps to increase our exports The last two decades have seen India grow as an open economy and benefited from it. There is no question of reversing these policies Growth will pick up in second half of fiscal year US federal reserves tapering has caused general weakening in global currencies Part of rupee depreciation needed adjustment as inflation in India was much higher than advanced countries Government not contemplating capital contro…