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India

CORRUPTION EMERGES AS AN ELECTION ISSUE

PEOPLE FED UP WITH LEADERS
Kalyani Shankar - 2011-01-13 12:59
Politics is warming up with national parties building up the tempo to make corruption and price rise as twin poll issues in 2011. This will be tested in the April-May Assembly polls to five states including Tamil Nadu, West Bengal and Assam. A scrutiny of their manifestoes in the 2009 polls reveals that most parties did not even mention the word corruption while the BJP buried it inside.

Innovation in Payments Systems Would Help PRC Protect the Environment

Special Correspondent - 2011-01-13 12:52
MANILA, PHILIPPINES - The People's Republic of China (PRC) should continue to promote its various payment mechanisms for ecological services and encourage more private sector funding for environmental protection, says a joint publication launched today by the Asian Development Bank (ADB) and the PRC's National Development and Reform Commission.

Middle class in Latin America economically vulnerable, says OECD

Special Correspondent - 2011-01-13 06:44
Even though the growing middle class in Latin America is becoming an engine of economic progress, this group remains economically vulnerable when compared with high income OECD countries, according to the OECD Development Centre’s Latin American Economic Outlook 2010.
First ever Defence Procurement Policy unveiled

New Defence Procurement Policy to focus on domestic entities

Private sector will be invited for design, development and production of defence products
ASHOK B SHARMA - 2011-01-13 02:36
New Delhi: Domestic entities will get preference in defence procurement in the first ever Defence Production Policy unvield by the Indian defence minister, AK Anthony here on Thursday.

IMF Arrangement for Georgia, Approves US$153 Million Disbursement

Special Correspondent - 2011-01-12 23:53
The Executive Board of the International Monetary Fund (IMF) today completed the seventh and eighth reviews of Georgia's economic performance under a Stand-By Arrangement (SBA) for an amount equivalent to SDR 477.1 million (about US$728 million) approved on September 15, 2008. On August 6, 2009, the Executive Board approved an augmentation of access under the SBA to an amount equivalent to SDR 747.1 million (about US$1 billion) and an extension of the SBA until June 14, 2011.

FLOODS CONTINUE TO DISPLACE THOUSANDS OF PEOPLE IN SRI LANKA

Special Correspondent - 2011-01-12 23:39
New York: Floods and landslides caused by ongoing torrential rainfall in Sri Lanka have continued to displace more people, with the number of those affected approaching the one million mark, and the death toll standing at 18, the United Nation humanitarian office said today.

BETTER CLIMATE CHANGE DATA VITAL FOR FINANCIAL INSTITUTIONS

Special Correspondent - 2011-01-12 23:35
New York: With insurers, lenders, asset managers and their customers increasingly affected by the impacts of climate change – and the risks likely to grow in the future – better access to relevant data is vital for the world's financial institutions, according to a United Nations-backed study issued today.

CALL FOR HALT TO USE OF EXCESSIVE FORCE AGAINST PROTESTERS IN TUNISIA

Special Correspondent - 2011-01-12 23:32
New York: The United Nations’ top human rights official today urged the Tunisian government to ensure that its security forces stop using excessive force against demonstrators, and to start credible investigations into deaths that have occurred during recent protests.

TALKS ON CYPRUS REUNIFICATION GAIN MOMENTUM AHEAD OF MEETING WITH BAN

Special Correspondent - 2011-01-12 23:26
New York: Greek Cypriot and Turkish Cypriot leaders discussed governance and power-sharing today as they prepare to meet with Secretary-General Ban Ki-moon later this month in United Nations-sponsored talks aimed at reunifying the Mediterranean island.

‘GROUP OF 77’ DEVELOPING NATIONS MUST PLAY ROLE IN ADVANCING UN PRIORITIES, BAN SAYS

Special Correspondent - 2011-01-12 23:09
New York: The bloc of developing nations known as the “Group of 77 and China” must make its voice heard in achieving a full spectrum of United Nations goals, from global anti-poverty targets to tackling climate change to empowering women, UN Secretary-General Ban Ki-moon said today.