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GUINEA-BISSAU NEEDS TO DO MORE TO FIGHT TRANS-NATIONAL DRUG TRADE

Special Correspondent - 2011-02-25 23:52
New York: Guinea-Bissau still has a long way to go in fighting impunity, drug trafficking, organized crime, and other “remaining triggers of instability” in a country that has for years been dogged by war, coups, coup attempts and assassinations, a senior United Nations official warned today.

LIBYA VIOLENCE: UN HUMAN RIGHTS COUNCIL ORDERS INQUIRY

Special Correspondent - 2011-02-25 23:49
New York: The United Nations Human Rights Council today strongly condemned the recent violence in Libya and ordered an international inquiry into alleged abuses.
Benin

GDP growth had fallen below historical and regional averages

Special Correspondent - 2011-02-25 23:45
Directors of the International Monetary Fund (IMF) has agreed that, overall, during this period Benin had maintained macroeconomic stability, despite a challenging environment. However, Directors noted GDP growth had fallen below historical and regional averages because of the slow implementation of structural reforms.

UN CALLS FOR INCREASED INVESTMENT IN ADOLESCENTS

Special Correspondent - 2011-02-25 23:40
New York: With 20 years of strong investment producing “stunning” gains for children up to the age of 10, including a 33 per cent drop in under-five mortality rates, the United Nations is calling for equal focus on the world’s 1.2 billion adolescents to break entrenched cycles of poverty and inequity.
ECONOMIC SURVEY 2010-11

Economic Survey calls for prudential regulation of financial market

Invites participation of foreign banks
ASHOK B SHARMA - 2011-02-25 13:31
New Delhi: The Indian government’s Economic Survey for the year 2019-11, with a view to maintain the high level of growth, has suggested continuation of the overhaul of the financial markets and its macro prudential regulations, particularly those relating to housing and real estate sector. The Survey has cautioned the government about the need for prudential regulation of financial market keeping in view that the September 2008 global financial crisis was sparked off by the debacle in the US financial market and housing loan sector.

Highlights of India's Railway Budget 2011-12

Special Correspondent - 2011-02-25 11:04
New Delhi
  • No hike in passenger fare and freight rates.
  • Highest ever Plan outlay of Rs. 57, 630 crore proposed for Railways.
  • Rs. 9,583 crore provided for new lines.
  • 1300 km new lines, 867 km doubling of lines and 1017 km gauge conversion targeted in 2011-12.
  • 56 new Express Trains, 3 new Shatabdis and 9 Duronto trains to be introduced.
India: Rail Budget 2011-12

No Hike Proposed In Passenger Fare And Freight Rates

Special Correspondent - 2011-02-25 11:00
New Delhi: No hike in the passenger fare and freight rate has been proposed in the Railway Budget 2011-12. The Budget with highest ever plan outlay of Rs. 57,630 crore will have Rs. 9,583 crore for new railway lines and significant funds for passenger amenities.

Indian Railway Sets Highest Ever Annual Plan at Rs.57,630 crore

Special Correspondent - 2011-02-25 10:56
New Delhi: The Annual Plan for the year 2011-12 of the Railways has been proposed at Rs.57,630 crore which is the highest ever plan investment by the Railways in a single year. Announcing this in the Parliament today, the Minister for Railways, Mamata Banerjee said the Plan is proposed to be financed through Gross Budgetary Support (GBS) of Rs.20,000 crore, diesel cess of Rs.1041 crore, internal resources of Rs.14,219 crore, market borrowings of Rs.20,594 crore.
India

Gross Earnings of Railways to Touch Rs. 94,742 Crore, Working Expenses Rs. 87,200 Crore

Special Correspondent - 2011-02-25 10:48
New Delhi: The Railways have fixed their Total Gross Earnings for 2010-11 at Rs. 94,742 crore, which is Rs. 177 crore higher than the budget. Stating this in her speech while presenting the Railway Budget for 2011-12, the Minister of Railways, Mamata Banerjee, informed the Lok Sabha that with the reduced traffic suspense clearance of Rs. 98 crore, Gross Traffic Receipts is higher than the budget target by Rs. 75 crore at Rs. 94,840 crore.