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New York: The United Nations today launched an action plan to combat piracy off the Somali coast, calling for greater support from national navies to fight a “global menace” that threatens not only international trade but the world body’s delivery of vital food aid to millions of hungry people.

New York: Food prices around the world surged to a new historic peak in January, for the seventh consecutive month, the United Nations Food and Agriculture Organization (FAO) reported today, adding that the prices are not likely to decline in the months ahead.

The European Union reported at the meeting of the Council for Trade in Goods on 31 January 2011 that it was still consulting with some members that have expressed systemic or economic concerns regarding its request for a waiver on trade preferences it would provide to Pakistan to help the country recover from floods last year. It said it would report on the results of these consultations at the next meeting, which is scheduled for 21 March 2011.

Executive Directors of the International Monetary Fund (IMF) have commended the ongoing recovery of the Hungarian economy in the aftermath of a sharp fall in output in 2009 and welcomed the improvement in capital and liquidity financial indicators. Given the still fragile state of the economy and continued large vulnerabilities, notably the dependence on foreign funding, Directors underscored the importance of implementing a consistent medium-term macroeconomic framework that reduces uncertainty and lowers risk spreads.

MANILA, PHILIPPINES - Immediate steps are needed to lower the carbon intensity of development and improve the resilience of societies to climate change, Asian Development Bank (ADB) President Haruhiko Kuroda said today.

New Delhi: Shri Dinsha J. Patel, the Minister of State for Mines (Independent Charge) has said that the Geological Survey of India (GSI) will soon procure a host of modern equipments which will uplift the pace and quantity output of all the exploration programmes of the GSI.

New Delhi: As per the latest Sample Registration System (SRS) estimates released by the Registrar General of India (RGI), Ministry of Home Affairs for the year 2009, it is noted that Infant Mortality Rate (IMR) has dropped by 3 points from 53 (during 2008) to 50 infants deaths per 1000 live births during 2009. The IMR for rural areas has dropped by 3 points from 58 to 55 infant deaths per 1000 live births.

New Delhi: A three-day International Seminar and exhibition to critically study and evaluate the contribution of Kumarajiva in enhancement of Indo-Chinese cultural relations and other related issues began here today under the aegis of Indira Gandhi National Centre for the Arts (Union Ministry of Culture).

With hardly a few weeks to go before Tamil Nadu goes to polls, the poll temperature is picking up with various stakeholders taking positions.

Executive Directors of the International Monetary Fund (IMF) have recognized that Tuvalu faces tremendous challenges because of its remote location, limited land area, lack of resources, serious capacity constraints and the potential impact of climate change. The uncertain global recovery is adding to the country’s vulnerabilities. In light of the difficult near and medium-term prospects of the economy, Directors emphasized the need for resolute fiscal adjustment and structural reforms. Noting the limited domestic job opportunities, they agreed that the authorities should promote overseas employment opportunities, which would generate income and help reduce poverty.