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NEW DELHI: Indian economy has returned to its pre crisis growth trajectory. Data made available by the CSO shows that our economy recorded a growth of 8.9 percent in the first half of the current fiscal. While this is encouraging, we have seen that as the year progressed, concerns have emerged about the performance of India’s industrial sector.

The two-speed recovery continues. In advanced economies, activity has moderated less than expected, but growth remains subdued, unemployment is still high, and renewed stresses in the euro area periphery are contributing to downside risks. In many emerging economies, activity remains buoyant, inflation pressures are emerging, and there are now some signs of overheating, driven in part by strong capital inflows. Most developing countries, particularly in sub-Saharan Africa, are also growing strongly. Global output is projected to expand by 4½ percent in 2011, an upward revision of about ¼ percentage point relative to the October 2010 World Economic Outlook (WEO).

Nearly four years after the onset of the largest financial crisis since the Great Depression, global financial stability is still not assured and significant policy challenges remain to be addressed. Balance sheet restructuring is incomplete and proceeding slowly, and leverage is still high. The interaction between banking and sovereign credit risks in the euro area remains a critical factor, and policies are needed to tackle fiscal and banking sector vulnerabilities. At the global level, regulatory reforms are still required to put the financial sector on a sounder footing. At the same time, accommodative policies in advanced economies and relatively favorable fundamentals in some emerging market countries are spurring capital inflows. This means that policymakers in emerging market countries will need to watch diligently for signs of asset price bubbles and excessive credit.

New Delhi: India and Indonesia took their strategic partnership to a new level on Tuesday by signing the bilateral extradition treaty and mutual legal assistance treaty.

LUCKNOW: Mayawati government has been charged with being anti-farmer by the Opposition, following a series of police action against the farmers in various parts of Uttar Pradesh from time to time.

Emerging economies have been put on notice by IMF against upward pressures on inflation in 2011 from the surge in oil and non-oil commodity prices, which, it says, call for policies to counter inflation and check heating pressures besides diligent watch on capital flows for signs of asset price bubbles and excessive credit.

When Murli Manohar Joshi set out on a yatra to hoist the tricolour on Republic Day in Lal Chowk, Srinagar, in 1992, patriotism may not have been uppermost in his mind. His intention then as party president was to outshine L.K Advani’s rath yatra of 1990, which had given the latter a higher place in the BJP’s pecking order than the professor of physics from Allahabad.

Executive Directors of the International Monetary Fund (IMF) has welcomed the continuing strong growth, driven by private sector activity and public investment. The external balances have improved, and inflation has returned to historical averages. The main challenge over the medium term is to sustain high economic growth, making inroads into unemployment and poverty reduction, as well as the transformation of Djibouti into a logistical and financial hub for the region. Achieving these objectives hinges on attracting foreign direct investment to finance infrastructure projects, and strengthening the competitiveness of the economy through structural reforms.

New York: As Somalia approaches the anniversary of two war-torn decades without a functioning national government, the United Nations today called on the international community to step up its aid to build on humanitarian gains eked out amidst the country’s struggles.

New York: Dramatic cuts in industrial emissions of the global warming greenhouse gases that threaten to drastically change Earth’s climate are achievable in both developed and developing countries at acceptable cost with the right policies, the United Nations reported today.