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Home minister Sushilkumar Shinde said that 34,000 people have been evacuated so far [AP]
“At least 5,000 people must have been killed in the deluge that inflicted heavy damage on vast tracts of land especially in Kedarnath valley,” India’s disaster management minister Yashpal Arya told local media.
Rescuers and the military have evacuated all the pilgrims stranded in the Kedarnath valley, the Hindu temple town which was the epicentre of the flood last week.
The meteorological department has warned of more rains in the region from Monday.
Home minister Sushilkumar Shinde said that 34,000 people have been evacuated so far but 50,000 were still stranded in the region.
Air rescue operations have been temporarily suspended because of bad weather conditions.
Source: Agencies
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.
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