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New Delhi: The mock tsunami drill, i.e. Exercise IOWave11, was successfully concluded yesterday evening. The exercise was carried between 06 30 Hrs to 18 30 Hrs IST yesterday which re-enacted the events of December 26, 2004, with a 9.2 magnitude earthquake off Northern Sumatra. During the drill, Indian Tsunami Early Warning Centre (ITEWC), based out of the Indian National Centre for Ocean Information Services (INCOIS) of the Ministry of Earth Sciences generated and disseminated 15 tsunami bulletins to both its National and Regional Contacts.

Fears about the spillovers from global growth amid still high inflation pressures in much of the region mean that policymakers in Asia face a delicate balancing act, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook (REO) for Asia and the Pacific, which was released in Asia today.

TOKYO: Low and middle-income countries in East Asia need to make their higher education systems more responsive to labor market demands and the economy as a whole to climb up the income ladder, says a new World Bank East Asia and Pacific Regional Report released today.

Despite signs of industrial slowdown, which corporates attribute mainly to successive rate increases while exercising their pricing power, the Reserve Bank of India is unlikely to make a pause in the pursuit of its primary objective of price stability, given India’s elevated inflation remaining stubborn, with no let-up in food or energy prices, in its forthcoming mid-year monetary policy review.

Is the Team Anna becoming politically overambitious? Will Anna’s call to reject the Congress in the Hisar by-poll get positive response from the public or will he soon learn that the Indian voters have a mind of their own and will not do his bidding? Only time will be able to answer these questions.

New Delhi: India and Vietnam on Wednesday signed six agreements at the official level including extradition treaty between two countries. The other pacts were in the areas of oil and natural gas, agriculture and fishery research and education and culture.

New York: Thousands of Haitians participating in a large-scale clean-up coordinated by the United Nations have removed more than 40 per cent of the 10 million cubic metres of rubble caused by last year’s earthquake.

New York: The number of tourists travelling outside their countries is projected to reach 1.8 billion within two decades, with emerging economies responsible for the highest growth rates, according to a new report released by the United Nations World Tourism Organization (UNWTO).

Executive Directors of the International Monetary Fund (IMF) have noted that higher-than-expected oil prices in 2010 had contributed to improving Chad’s overall fiscal and external balances, while a rebound in agriculture boosted real GDP growth to 13 percent. Directors commended the authorities for the appropriate measures undertaken in response to last year’s food shortages. With these measures and favorable rains, agricultural production nearly doubled and food prices declined, cushioning Chad from the impact of rising international food prices.

Federated States of Micronesia (FSM) economy continues to expand. The economy grew by 3.1 percent in FY2010, mainly driven by continuing expansion in construction activities, fishery sector, and public administration. Private sector employment grew by an impressive 8 percent in FY2010, but was driven mostly by construction projects financed by foreign grants or public funds. The economy remains dependent on the large public sector, with businesses relying on infrastructure projects and government services. Inflation has subsided to 4.3 percent in FY2010, after reaching 8.2 percent in FY2009, as a result of moderating food and fuel prices.