View Articles

The battle against inflation is being kept up by the Reserve Bank of India, faced with continuing demand pressures and unrelieved supply side deficiencies, with a further revision of its key policy rates, the repo and reverse repo, by 25 basis points raising them to 6.75 and 5.75 per cent respectively with immediate effect. The Bank Rate and Cash Reserve Ratio have been left untouched at six per cent each.

Jagan Mohan Reddy is not the first in Andhra Pradesh to float his own outfit. There have been many others who had done it before. Some like N.T. Rama Rao had succeeded and captured power in nine months while others have not. Some like Telengana Rashtra Samithi chief K. Chandra Shekhar Rao had partially succeed by becoming minister at the centre as a coalition partner while others like Praja Rajyam chief Chiranjeevi has merely won some Assembly seats.

New York: Repeatedly calling the nuclear reactor crisis in Japan “very serious,” the head of the United Nations agency that coordinates global nuclear safety announced today that he will make a flying visit to the country to see what further help he can offer.

New York: Voicing deep concern at acts of violence marring the campaign for Sunday’s elections in Haiti, some of them fatal, the United Nations today called on all candidates, especially those in the presidential run-off, to avoid threats, intimidation and harassment.

Economic growth will be subdued this year and next in the United Kingdom, but the government must continue its difficult fiscal consolidation and structural reform programmes to return the economy to a sustainable path, according to the OECD’s latest UK Economic Survey.

Executive Directors of the International Monetary Fund (IMF) have welcomed the staff’s analysis of issues in revenue mobilization in developing countries, which draws on the Fund’s expertise in providing advice and technical assistance in this area to its members. They underscored the important role of the Fund in continuing to support developing countries’ efforts to mobilize domestic revenue to meet their substantial spending needs, and expressed strong support for Fund technical assistance in this area. Directors broadly agreed with the main principles and recommendations in the paper, stressing that their application should pay due regard to member countries’ specific circumstances and the appropriate sequencing of reforms.

New York: Liberia has made important progress over the past eight years in emerging from conflict but will need continued international attention, especially given the upcoming general elections and the recent influx of refugees from Côte d’Ivoire, a senior United Nations official said today.

New York: UN Secretary-General Ban Ki-moon today called on Libyan leader Colonel Muammar Al-Qadhafi’s Government to cease hostilities immediately, warning that a potential assault on the rebel-held city of Benghazi could endanger huge numbers of civilians.

New York: The head of the United Nations International Labour Organization (ILO), Juan Somavia, today expressed grave concern over the declaration of a state of emergency in Bahrain, saying the move is a serious setback to civil liberties, including the right to legitimate trade union activity.

New York: The United Nations peacekeeping mission in Côte d’Ivoire today strongly condemned the increasing violence that is affecting many parts of the country, calling for an immediate end to the strife that is hampering efforts to resolve the ongoing political crisis.