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CRIMINALS MAY HAVE LAUNDERED $1.6 TRILLION IN 2009

Special Correspondent - 2011-10-25 16:51
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).
2011 Global Education Digest relesed

Governments face hard time keeping up with exponentially rising demand for secondary education

Special Correspondent - 2011-10-25 16:44
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.
Bhutan Royal Couple's honeymoon-cum-official visit to India

India to import 10,000 MW power from Bhutan by 2020, to boost trade

16 trade points to be opened at India-Bhutan border
ASHOK B SHARMA - 2011-10-25 13:13
New Delhi: India and Bhutan took stock of their bilateral partnership in the area of hydro-power generation and focused on boosting trade ties.


India

Final recommendations of the Wage Boards for Working Journalists and Non-journalists approved

Special Correspondent - 2011-10-25 13:13
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.
India

Cabinet approves proposal for 'National Manufacturing Policy'

Special Correspondent - 2011-10-25 13:09
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.
India: RBI Policy Shift

WITH ANOTHER HIKE TODAY, RBI SIGNALS ENDS OF TIGHTENING IN DECEMBER

GROWTH IN FISCAL 2012 IS REVISED DOWN TO 7.6 PER CENT FROM 8 PER CENT
S. Sethuraman - 2011-10-25 12:35
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.

‘OCCUPY WALL STREET’ PROTESTS SPREAD WORLDWIDE

CONDEMNING A BANKRUPT ECONOMIC MODEL
Praful Bidwai - 2011-10-25 12:32
What started on September 17 as a limited protest centred on the New York Stock Exchange and the banks located on Wall Street, has now spread to more than 150 cities in 80 countries, including the industrialised countries of the Global North and the developing countries of the Global South. The “Occupy Wall Street” (OWS) mobilisation is attracting spirited support from young and old, men and women, wage-earners and the unemployed.
India

ANNA’S FAST MAY NOT AROUSE THE EARLIER FERVOUR

CONGRESS IS STILL NOT ATTRACTING YOUTH
Amulya Ganguli - 2011-10-25 12:28
So, there are no knights in shining armour. It all started with the Congress under attack for its suspected complicity in the scams and unwillingness to enact a strong Lokpal law. But, if a civil society group took the lead in articulating the public disquiet on this account, the reason was that the record of the principle opposition party, the BJP, was not lily-white either.

ADB to Expand and Speed Up Access to Information

Special Correspondent - 2011-10-25 12:20
MANILA, PHILIPPINES – In its drive to increase transparency and accountability, the Asian Development Bank (ADB) will expand and speed up the release of information to the public as part of key changes to its Public Communications Policy.