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CAMBODIA: UN STEPPING UP EMERGENCY RESPONSE TO SEVERE FLOODS

Special Correspondent - 2011-11-04 23:19
New York: The United Nations reported today that it is increasing its joint efforts with Cambodian authorities and aid providers to offer food assistance to some of the thousands of people that have been displaced by severe flooding recently.

UN LAUDS G-20 LEADERS’ DECISION TO EXEMPT FOOD AID FROM EXPORT RESTRICTIONS

Special Correspondent - 2011-11-04 19:14
New York: The United Nations World Food Programme (WFP) today welcomed the decision by leaders of the Group of 20 (G-20) major economies to exempt food aid from export restrictions and extra taxation, saying the move would ensure food assistance continues to reach people affected by hunger as a result of high prices and humanitarian crises.

SUSTAINING RECENT INITIATIVES COULD SET MYANMAR ON A NEW COURSE

Special Correspondent - 2011-11-04 19:10
New York: The United Nations envoy for Myanmar today called on the authorities to keep up the momentum of recent initiatives to strengthen national unity and advance dialogue and reconciliation, stressing the ‘historic opportunity’ they have to set the country on a new path.

Nepal’s macroeconomic environment has become increasingly challenging

Special Correspondent - 2011-11-04 19:05
Executive Directors of International Monetary Fund (IMF) have welcomed Nepal’s generally prudent fiscal performance, the improvements in living standards, and the progress toward the achievement of the Millennium Development Goals. Looking ahead, Directors stressed that Nepal’s macroeconomic environment has become increasingly challenging, requiring decisive actions to address financial sector fragility while maintaining macroeconomic stability and poverty reduction efforts.

IMF supports G-20 Cannes Action Plan for Growth and Jobs

Special Correspondent - 2011-11-04 17:03
Ms. Christine Lagarde, Managing Director of the international Monetary Fund (IMF) has welcomed the G-20 Cannes Action Plan for Growth and Jobs as well as the other steps announced at the Summit, including the measures that will support the IMF in assisting member countries and in promoting a more sustainable global economy.

Fijian economy expected to grow by about 2 percent in 2011

By far the best result of the past five years
Special Correspondent - 2011-11-04 16:58
An International Monetary Fund (IMF) team led by Mr. Koshy Mathai visited Fiji during October 24—November 4 to hold discussions with the Fijian authorities and other stakeholders on the 2011 Article IV Consultation. The team met with Attorney General Aiyaz Sayed-Khaiyum, Reserve Bank of Fiji (RBF) Governor Barry Whiteside, and other senior public officials, as well as representatives from the private sector, academia, the development-partner community, and other parts of civil society. Staff from the Asian Development Bank and the World Bank joined the mission.

PACIFIC RIM NATIONS PREPARE FOR TSUNAMI PREPAREDNESS TEST

Special Correspondent - 2011-11-04 16:55
New York: Some 30 Pacific Rim countries are to take part next week in a United Nations-backed tsunami warning exercise to improve their ability to respond to an alert and enhance regional coordination in the event of a disaster.
India

Petrol price hike : Govt on backfoot, discomfort for allies, Congress helpless

ASHOK B SHARMA - 2011-11-04 15:34
New Delhi: The hike in prices of petrol has placed the government on the backfoot with the Union Finance Minister Pranab Mukherjee trying to explain that the prices are decontrolled and the Centre has no role in deciding the prices on Friday.

NO RICE FOR POOR BUT RECORD JEWELLERY IMPORTS

GREAT DIVIDE MARKS INDIAN NATION
Nantoo Banerjee - 2011-11-04 11:07
Adivasis in the jungles of Chhattisgarh, Orissa, Andhra Pradesh, Jharkhand and West Bengal, who have turned dreaded Maoists in recent years, are not afraid of Union Home Minister P Chidambaram’s central reserve police as long as their mud houses have enough stocks of rice to last at least a week or so. The easiest way to bring them down on their knees would be to dry up supplies of rice. A large section of these extremely poor Adivasis lives entirely on rice – steamed rice, puffed rice and rice cakes for eating and home-made fermented cooked rice, known as haria, for compulsory evening booze to keep their spirits high to protect their tribal identity.