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December, 9, 2016

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Business > Asia > India
India reserve bank governor to resign
The popular Reserve Bank of India governor Raghuram Rajan will step down when his term ends in September to return to academia, he said in a letter published Saturday, ending intense speculation over his future.
Netting a final catch
Indian fishermen collect gargour traps after repairing them during sunset on the last day of the fishing season at the Jumeirah fishing harbor in Dubai, United Arab Emirates on Friday, June 17. Most of the fishermen in the country will travel to their home countries before they come back in about 3 months to start the new fishing season.
Scissor brothers
Workers sharpen scissors inside a workshop in Kolkata, India on Thursday, June 9.
India's central bank chief Raghuram Rajan joked Tuesday that it would be "cruel" to end intense speculation surrounding his future as he held interest rates in the world's fastest-growing large economy.
New dam
In this photograph taken on Thursday, June 2, the Salma Hydroelectric Dam is seen at Chishti Sharif in Afghanistan's Herat province.
India's economy grew 7.6 percent in 2015-16, official figures showed Tuesday, retaining its place as the world's fastest-growing major economy and providing a boost to the right-wing government as it marks two years in power.
The lights finally come on for one Indian village
Ram Kishore searched long and hard to find a suitable wife for his son, but his efforts only paid off when electricity finally came to his village in rural north India this year.
Narendra Modi was elected two years ago this week promising to ease India's notorious red tape and unpack regulatory tangles, but for foreign firms, doing business in the world's fastest-growing large economy can still be a costly headache.
Smarter cities
An electric car is displayed during the Smart Cities India 2016 expo in the Indian capital New Delhi on Thursday, May 12. The three-day event showcases the latest trends and technologies from national and international companies that aim to lay foundations for the development of "smart cities."
India's market regulator Saturday announced a clampdown on "willful defaulters" as the government tackles mounting bad bank loans, days after tycoon Vijay Mallya left the country owing more than US$1 billion.
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