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LUCKNOW: Mayawati government appears to be in deep trouble as opposition has mounted its attack on the issue of corruption. The recent shifting of senior bureaucrat Mr Vijay Shankar Pande IAS for his alleged links with Hasan Ali has shocked the opposition leaders.

Estonia continues to show a remarkable determination in policy making. It has established a business friendly regulation, avoided fiscal deterioration during the crisis and made it into the euro area, despite being hit by an accumulation of negative external shocks. Helped by strengthening foreign demand and increased competitiveness the Estonian economy is recovering from a deep recession, which drove the unemployment rate up to nearly 20% and left an overhang of private sector debt.

Pravind Kumar Jugnauth, Vice Prime Minister and Minister of Finance and Economic Development of Mauritius, and Ms. Nemat Shafik, Deputy Managing Director of the International Monetary Fund (IMF), today signed a memorandum of understanding for the establishment of the Africa Regional Technical Assistance Center South (AFRITAC South).

Ms. Nemat Shafik, Deputy Managing Director of the International Monetary Fund (IMF), and Her Excellency, Ambassador Beatrice Maser, Head of Economic Cooperation and Development of Switzerland, today signed an agreement on Switzerland’s contribution of $5 million to the IMF’s multi-donor Topical Trust Fund on Tax Policy and Administration.

New York: A United Nations-backed agreement reached this weekend will help ensure that influenza virus samples will be shared during a pandemic with partners who need the information to take steps to protect public health.

NEW DELHI: There is at least one sector of economy, and probably the only one in India, where any talk about the living and working conditions of workers is considered to be hereby. This sector is the yesteryear’s Export Processing Zones, having been given the nomenclature of Special Economic Zones (SEZs).

Having already killed the proposal to compose board of public companies with majority independent directors, the government has further diluted the corporate accountability norms for part-time directors by offering to protect them against executive wrong-doings in these companies. In other words, independent directors have been allowed to go scot-free in prosecution cases against an erred corporate management if offences occurred without their prior knowledge.

New York: Parties to the United Nations climate change convention today announced the selection of a 40-member committee tasked with designing an international fund to manage resources mobilized to enable developing countries to address the effects of climate change.

New York: Two former top Croatian generals were today convicted and sentenced to lengthy jail terms by a United Nations war crimes tribunal over atrocities carried out against ethnic Serb civilians during a military offensive in the Balkan conflicts of the 1990s.

A joint team from the International Monetary Fund (IMF) and the European Commission (EC) visited Riga during April 5–15 for discussions for the Fourth Review of the ongoing international financial support program.