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Barbados: Real GDP to grow by 2 per cent

Special Correspondent - 2011-05-13 23:47
An IMF mission visited Barbados from May 10-13 for a staff visit. Following the severe impact of the global economic crisis on Barbados, the economy is beginning to recover as growth started to pick up in early 2011. Real Gross Domestic Product (GDP) is projected to grow by about 2 percent this year mainly due to higher tourist arrivals, signaling the onset of a recovery from the slow growth in 2010 and the two earlier years of negative growth. Notwithstanding downside risks, including from the uncertain global environment and concerns about inflationary pressures due to higher world food and fuel prices, the team expects growth to continue on a steady path, supported by a recovery of tourism and financial services activity.

SOMALI POLITICAL BICKERING UNDERMINES PEACE PROCESS

Special Correspondent - 2011-05-13 23:42
New York: Political divisions between Somalia’s transitional Government and interim Parliament have undermined the momentum of the country’s peace process, a United Nations envoy said today, calling for a concerted regional and international effort to help break the stalemate.

SECURITY SITUATION IMPROVES IN EASTERN CHAD, BUT CONCERNS REMAIN

Special Correspondent - 2011-05-13 23:03
New York: The withdrawal of the United Nations peacekeeping mission in the Central African Republic (CAR) and Chad at the end of last year so far does not appear to have adversely affected security in eastern Chad, the UN’s top humanitarian official told the Security Council today.

TERROR BUSINESS BOOMING IN ASIA

AMERICAN COMPANIES BENEFITTING MOST
Nantoo Banerjee - 2011-05-13 10:33
Few can match the United States of America in the show of naivety when it comes to dealing with its allies vis-à-vis its own self-interest. US President Barack Obama is prepared to believe the Pakistan’s version that it did not know if Osama bin Laden was living in the garrison town of Abbottabad, near Islamabad.
India

JAYALALITHAA HUMBLES KARUNANIDHI ON ROAD TO POWER

CONGRESS-LED UDF WINS KERALA WITH NARROW MARGIN
S. Sethuraman - 2011-05-13 10:30
Jayalalithaa's ride back to power — a landslide victory for her alliance, according to trends till midday — will be true to her assertions from mid-2010 that she would form the next Government at Fort St. George, the citadel of Tamil Nadu Government. The devastating blow she has apparently delivered in the electoral process to the Karunanidhi family rule can only be viewed as a massive vote against corruption in the wake of the 2G scam. Other issues like prices, law and order and rowdyism must have also contributed to the hateful climate against DMK.
India

TESTING TIME FOR MAMATA

GOOD GOVERNANCE IS THE KEY
Amulya Ganguli - 2011-05-13 10:28
It was a day of the ladies. The two heavyweight regional leaders, Mamata Banerjee and Jayalalithaa, proved their clout in unmistakable terms by scoring sweeping victories in West Bengal and Tamil Nadu. Yet, both the results were predictable. In West Bengal, the Left’s long governance of the state in accordance with communist principles which gave pride of place to the party exposed it to the charge of politicizing everything from administration, especially the police, to education.
India

MORE TROUBLE FOR ANDHRA CONGRESS

TELENGANA ISSUE DIVIDES THE PARTY
Kalyani Shankar - 2011-05-13 09:56
Andhra Pradesh is in for trouble after the Assembly poll results. There is likely to be political instability, revival of Telengana issue and law and order problems facing the authorities in the coming days. Above all, the victory of Jagan Reddy and his mother Rajyalakshmi would encourage Jagan to become a political nuisance to the Congress.
India

LOT OF CHANGES IN WEST BENGAL POLITICS

PEOPLE VOTED FREELY
Special Correspondent - 2011-05-13 09:18
KOLKATA; There can be no question, for West Bengal Assembly elections 2011, the buzz is “Change” (paribartan!).
India

METAMORPHOSIS OF MAMATA BANERJEE

A WHIMSICAL ACTIVIST TURNS VISIONARY
Ashis Biswas - 2011-05-13 09:15
KOLKATA: There has always been a nagging doubt among West Bengal voters as to whether a Left front defeat in the Assembly elections would mean a straight, fatal leap from the frying pan to the fire.
India

CONGRESS TO HOLD STATE CONVENTION AT VARANASI

SONIA TO ADDRESS RALLY ON MAY 19
Pradeep Kapoor - 2011-05-13 09:06
LUCKNOW: AICC president Mrs Sonia Gandhi and her son and AICC general secretary Rahul Gandhi will address Congress rally in Varanasi on May 19. The scheduled rally of Congress at Varanasi is part of the party’s strategy to hold series of big rallies in various regions of state before 2012 assembly elections.