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KOLKATA: The CPI(M) leaders and some of their allies of ruling Left Front in West Bengal such as the CPI have of late been inculcating a notional perception about signs of turnaround in favour of LF ending the pervading despair among the rank and file of LF after the debacle in the 15th parliamentary elections in 2009. One of the hidden reasons for this optimism is delimitation of constituencies. The Opposition, mainly the AITC, criticized the delimitation alleging that the recast constituencies were aimed against those seats, held by the party.

The Congress-led UPA Government, barely nineteen months in its second term, finds itself in an appalling state, not only lacking inherent strength or internal coherence but also slipping into a drift with its failure to provide credible governance and enforce probity in administration. For UPA-II, the crisis has long been in the making.

MANILA, PHILIPPINES - The Pacific Island economies have benefited from the gradual recovery in the world economy and the firm Australian economy, but fiscal conditions in some Pacific economies remain a concern, according to the latest edition of the Asian Development Bank's (ADB) Pacific Economic Monitor.

Uruguay’s economic growth performance during the last seven years has been impressive, capping a remarkable recovery from the country’s crisis in 2002. Domestic and external factors have contributed to this economic result, not least years of consistent implementation of prudent policies and major reforms.

New Delhi: India and China are partners in economic progress and co-operation, and the two countries can gain substantially by leveraging on each other’s strengths, accotding to the visiting Chinese Premier, Wen Jiabao.

At the request of the Netherlands authorities a Financial Sector Assessment Program (FSAP) team led by the Monetary and Capital Markets Department of the IMF has visited the Netherlands between November 29 and December 14, 2010 in order to conduct an update of the Fund’s 2004 assessment of the soundness and stability of the Netherlands financial sector. It has been the practice that such assessments are undertaken roughly every seven years.

New York: The number of refugees entering Liberia from Côte d’Ivoire, which has been thrust into political uncertainty after the incumbent president refused to concede electoral defeat, has risen to about 3,500 with scores of people arriving every day in Liberian villages along the border, the United Nations refugees agency said today.

Directors of the International Monetary Fund (IMF) have commended the authorities of Cambodia for their timely policy response, which had helped mitigate the impact of the global crisis and supported the nascent recovery. Directors noted, however, that to achieve sustainable broad-based growth, it will be necessary to address the economy’s long-standing structural weaknesses which were exposed by the global crisis. This includes expanding the limited fiscal space; strengthening monetary policy, especially in light of high degree of dollarization; preserving financial system stability; and promoting private sector-led economic diversification.

New York: The United Nations today launched the first global report on the resources currently available to tackle alcohol and illicit drug use disorders, which affect millions of people worldwide and cause a range of other health problems.

New York: The outcome of last week’s United Nations climate change conference in Cancún, Mexico, has put the negotiation process back on track, a UN official said today, outlining some of the key agreements reached at the meeting.