View Articles

The Executive Board of the International Monetary Fund (IMF) has commended the authorities' prudent policy responses to the impact of the global crisis, which helped maintain macroeconomic and financial stability and robust GDP growth. Going forward, the key challenges are to preserve the hard-won stability and diversify the sources of economic growth.

Washington - The World Bank has approved three projects totaling US$108 million for Sri Lanka, consisting of US$50 million for the North East Local Service Improvement Project; US$40 million for the Higher Education for the Twenty-First Century Project; and US$18 million for the Sustainable Tourism Project.

WASHINGTON, DC - The World Bank's Board of Executive Directors approved a loan of $250 million to the People's Republic of China to help improve the road infrastructure in the Ningxia Hui Autonomous Region in support of more balanced social and economic development.

WASHINGTON - The World Bank's Board of Executive Directors approved a loan of $100 million to the People's Republic of China to support the government's efforts to enhance food safety and meet increasing demand for higher quality and safer food by the Chinese population.

Madrid — In the last 15 years, countries in Latin America and the Caribbean (LAC) opened the doors of development to an increasing number of citizens, by providing greater access to basic services (water, sanitation, electricity, education, health, etc.) needed to succeed in life. Chile, Uruguay, Mexico, Costa Rica, Venezuela and Argentina lead the 2010 Human Opportunity Index (HOI), according to a new World Bank study.

New York: The global downturn is threatening to reverse gains made - driven largely by agriculture - in combating poverty and food insecurity in Europe and Central Asia, a senior United Nations official said.

New Delhi: The Union Cabinet today has accorded “in-principle” approval for setting up of Indian National Defence University (INDU) as a fully autonomous institution to be constituted under an Act of Parliament at an estimated cost of Rs.295 crore (at current price level). It also accorded the approval for acquisition of 200 acres of land at Binola in District Gurgaon, Haryana for the proposed site of INDU at an estimated cost of Rs.100 crore (at current rates).

New Delhi: To give a major boost to Defence Research in the country and to ensure effective participation of the private sector in Defence technology, the Defence Minister Shri AK Antony today approved a series of measures that will transform and revitalise the Defence Research and Development Organisation (DRDO) - in form and substance.

New Delhi: The Department of Drinking Water Supply under the Ministry of Rural Development has constituted two Working Groups one each on Drinking Water and Sanitation to develop the strategic plan of the Department for the remaining two years of the current five year plan and also for next two plan periods. The issues to be taken up include defining the aspiration, assessment of situation, developing the strategy and plan implementation, steering mechanism and the monthly meeting for the same.

Shri Murli Deora, Minister of Petroleum and Natural Gas along with Shri S.Sundareshan, Secretary Petroleum; Chairman Indian Oil Corporation Limited; Chairman, Oil India Limited; Managing Director, ONGC Videsh Limited and other senior officials from the Ministry of Petroleum and Natural Gas participated in the signing ceremony presided by the President of the Bolivarian Republic of Venezuela, Mr. Hugo Chavez Frias for signing a joint venture agreement with the Corporación Venezolana del Petróleo S.A. (CVP) for the development and production from Carabobo-1 Project, in Orinoco Region of Venezuela. The signing took place in Caracas, the capital city of Venezuela, late yesterday night (India time). The new joint venture is PetroCarabobo S.A. Alongwith OVL, IOC and OIL, the other two partners of the consortium i.e,Spanish Major Repsol and Malaysian Petronas also signed the joint venture agreement.