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New Delhi: Domestic entities will get preference in defence procurement in the first ever Defence Production Policy unvield by the Indian defence minister, AK Anthony here on Thursday.

The Executive Board of the International Monetary Fund (IMF) today completed the seventh and eighth reviews of Georgia's economic performance under a Stand-By Arrangement (SBA) for an amount equivalent to SDR 477.1 million (about US$728 million) approved on September 15, 2008. On August 6, 2009, the Executive Board approved an augmentation of access under the SBA to an amount equivalent to SDR 747.1 million (about US$1 billion) and an extension of the SBA until June 14, 2011.

New York: Floods and landslides caused by ongoing torrential rainfall in Sri Lanka have continued to displace more people, with the number of those affected approaching the one million mark, and the death toll standing at 18, the United Nation humanitarian office said today.

New York: With insurers, lenders, asset managers and their customers increasingly affected by the impacts of climate change – and the risks likely to grow in the future – better access to relevant data is vital for the world's financial institutions, according to a United Nations-backed study issued today.

New York: The United Nations’ top human rights official today urged the Tunisian government to ensure that its security forces stop using excessive force against demonstrators, and to start credible investigations into deaths that have occurred during recent protests.

New York: Greek Cypriot and Turkish Cypriot leaders discussed governance and power-sharing today as they prepare to meet with Secretary-General Ban Ki-moon later this month in United Nations-sponsored talks aimed at reunifying the Mediterranean island.

New York: The bloc of developing nations known as the “Group of 77 and China” must make its voice heard in achieving a full spectrum of United Nations goals, from global anti-poverty targets to tackling climate change to empowering women, UN Secretary-General Ban Ki-moon said today.

New York: The week-long independence referendum in South Sudan passed its half-way mark today with a continued large turnout, and a United Nations monitor said there should be no need to extend the vote, which could split Africa’s largest country in two.

The Executive Board of the International Monetary Fund (IMF) today approved a combined SDR 5.36 million (about US$8.19 million) in emergency assistance for St. Lucia to cope with the economic consequences of Hurricane Tomas. The financial assistance consists of an SDR 3.83 million (about US$5.85 million) disbursement under the IMF’s Rapid Credit Facility (RCF), and SDR 1.53 million ( about US$2.34 million) under the Fund’s Emergency Natural Disaster Assistance (ENDA).

New York: The United Nations health agency today launched a new action plan to halt the spread of resistance to artemisinin, the world's most potent treatment for malaria, warning that the tremendous gains made in recent years against the disease are under threat.