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Africa’s current buoyant economic growth rates could be hit by the continuing economic crisis in the developed world, according to the African Development Bank (AfDB).

New York: A United Nations commission today called on governments and private industry to ensure that at least half the developing world’s population is using broadband Internet by 2015, stressing the crucial role this plays for economic growth and job creation.

A staff team from the International Monetary Fund (IMF), led by Christina Daseking, visited Accra during October 12–25, 2011 to conduct discussions for the fifth review of Ghana’s economic program under the IMF’s Extended Credit Facility. The mission met with President John Evans Atta Mills, Finance Minister Kwabena Duffuor, Bank of Ghana Governor Kwesi Amissah-Arthur, other senior officials, members of parliament, and representatives from the private sector, academia, and civil society.

New York: Criminals may have laundered around $1.6 trillion in 2009, one fifth of that coming from the illicit drug trade, according to a new report by the United Nations Office on Drugs and Crime (UNODC).

New York: The global demand for secondary education has risen exponentially, says a new United Nations report, which adds that governments, especially in sub-Saharan Africa, are having a hard time keeping up and many children are being left out.

New Delhi: UN Security Council on Monday unanimously adopted an India-co-sponsored resolution on piracy in Somalia.

New Delhi: The Union Cabinet today approved the final recommendations of the Wage Boards along with certain corrections and rectifications carried out under Section 12(1) of the Working Journalists and other Newspaper Employees (conditions of Service) & Miscellaneous Provisions Act, 1955.

New Delhi: India and Bhutan took stock of their bilateral partnership in the area of hydro-power generation and focused on boosting trade ties.

New Delhi: The Cabinet approved the revised proposal of the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry to put in place a National Manufacturing Policy.

The Reserve Bank of India announced on October 25 another hike in repo rate by 25 basis points from 8.25 to 8.5 per cent with immediate effect, with an indication that while it is necessary to persist with monetary tightening at present, it expects WPI inflation to ease from December to remain at projected level of 7 per cent by end March 2012. In this case, further rate hikes may not be warranted from the next mid-quarter review, RBI hinted in its second quarter (2011/12) policy review.