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India

Coal Regulator Bill to be introduced in Budget Session

Special Correspondent - 2011-01-20 12:36
New Delhi: The Government will bring Coal Regulator Bill in Parliament in Budget Session to ensure level playing field to all the stake holders. It would also make recommendations for reforms in coal sector and about coal pricing. Addressing the media persons here today, Shri Sriprakash Jaiswal, Union Minister for Coal said a number of initiatives are in pipeline to make coal sector more transparent and consumer friendly.

India-Korea Trade Target of Us $ 30 Billion to be Achieved by 2014

FDI Inflows to be Us $ 250 Billion in Five Years
Special Correspondent - 2011-01-20 10:33
New Delhi: Shri Anand Sharma, Union Minister of Commerce & Industry, speaking at the India-Korea Business forum along with Mr. Kim Jong-Hoon, Minister for Trade, Republic of Korea here today said that the signing of CEPA with Republic of Korea in August 2009 underscored our strong commitment to deepening trade and investment linkages between our two countries.
India

FOOD INFLATION HAUNTS CONGRESS

EVEN UPA ALLIES DISTANCING
Kalyani Shankar - 2011-01-20 10:14
The Congress Party has got a wake up call on food inflation but the alarm is still not put off. If the food inflation persists, the Congress will find it difficult to face the April- May Assembly elections to half a dozen states. Coupled with this is the twin issue of corruption, which is worrying the people.
India

Cabinet reshuffle cosmetic and not meaningful

M.Y.Siddiqui - 2011-01-20 07:47
The first reshuffle including minor induction in the Union Council of Ministers by the Prime Minister Dr. Manmohan Singh on January 20, 2011 appears to be cosmetic and not meaningful as the Minister of Information and Broadcasting Ambika Soni has not been shifted or sacked.
WTO: TRADE AND ENVIRONMENT

Members ready to move forward on environment negotiations

Special Correspondent - 2011-01-20 06:01
On 10-14 January 2011, WTO members reviewed the various proposals on the table covering the Doha mandate related to environment. The discussions indicated that members were ready to move forward in revisiting previous proposals and working on new ones.
SRI LANKA

UN, PARTNERS TO LAUNCH $51 MILLION FLASH APPEAL FOR FLOOD VICTIMS

Special Correspondent - 2011-01-19 23:57
New York: With humanitarian organizations in Sri Lanka warning that their resources to respond to the flood crisis there are exhausted, the United Nations and its partners is seeking $51 million to help more than one million people get through the next six months.

ROLE OF WOMEN IN MEDIATION ACTIVITIES IMPROVES

Special Correspondent - 2011-01-19 23:46
New York: The United Nations is making progress in its efforts to incorporate women into its conflict mediation activities – but much more still needs to be done.

World Bank to Release New Strategy for Africa in March 2011

Special Correspondent - 2011-01-19 23:44
WASHINGTON — The World Bank will in March release a new strategy, outlining how it plans to revise its approach and deepen its partnership with Africa in the five years to 2016.

IMF Approves €475.6 million Arrangement for Macedonia Under the Precautionary Credit Line

Special Correspondent - 2011-01-19 23:38
The Executive Board of the International Monetary Fund (IMF) today approved a two-year arrangement for the Former Yugoslav Republic of Macedonia under the Precautionary Credit Line (PCL) in the amount equivalent to SDR 413.4 million (about €475.6 million, 600 percent of quota). The access under the arrangement in the first year will be equivalent to SDR 344.5 million (about €396.4 million, 500 percent of quota), rising in the second year to cumulatively SDR 413.4 million).