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New Delhi: The Union Cabinet today approved the implementation of Phase I of the Centrally Sponsored Scheme of National Cyclone Risk Mitigation Project (NCRMP) for Andhra Pradesh and Orissa at an estimated cost of Rs 1496.71 crores to address the vulnerability of coastal community who are generally poor. The project aims at minimizing the vulnerability to cyclones and making people and infrastructure disaster resilient.

New Delhi: The Union Cabinet today approved the proposal relating to the allocation of power from NTPC's large size power projects coming up during 12th and 13th Plan, based mainly on supercritical technology for increased efficiency.

New Delhi: The Union Cabinet today approved the proposal of the Ministry of Power to amend Para 6.4(1) of the Tariff Policy, which provides for Non-conventional sources of energy generation including co-generation.

New Delhi: The Minister of Railways, Mamata Banerjee has extended, for the first time, the facility of 3AC travel with family once in a year for the lowest grade pay employees of Indian Railways. These are the employees like Gangman, Khalasi etc. who work day and night to provide train services to our customers throughout the year in the most difficult situations. They will now have facility to travel once in a year with family in 3AC class on Indian Railways.

The International Monetary Fund combines a word of praise for India’s 'economic stewardship and RBI’s monetary management with a critical assessment of macro-economic variables and lists a set of needed reforms to finance infrastructure and social development for sustained and inclusive growth while achieving medium-term fiscal consolidation.

When the ULFA chairman Arabinda Rajakowa walked out of the Guwahati jail on Saturday morning, hope for peace - talks picked up in Assam once again. The million-dollar question is whether the stake- holders will succeed in finding a solution or will peace elude once again?

New York: The top United Nations envoy for Somalia today urged that restrictions on aid delivery, partly owing to a rejection of Western assistance by Islamic militants, be lifted so that those who need help amid an impending drought can receive it.

New York: Just 10 days before the United Nations ends its mission to help Nepal close the book on a disastrous decade-long civil war, the peace process is largely deadlocked and predictions of its failure could become a self-fulfilling prophecy, a senior UN official warned today.

Executive Directors of the International Monetary Fund (IMF) have commended the authorities for their economic stewardship which has helped India weather the crisis well. Growth is among the fastest growing in the world, social indicators are improving, and medium-term economic prospects are favorable. Risks stem mainly from weaker global growth. Near-term challenges confronting the authorities arise from elevated inflation, fiscal consolidation needs, and buoyant capital inflows, warranting careful calibration of macroeconomic policies and the diligent pursuit of ongoing reforms.

Jordan’s economic recovery remains on track, on the back of slowly-rising domestic activity. Fiscal prudence and credible monetary management, reinforced by strong supervision and regulation of the financial sector, provide a solid platform for a more robust upturn in 2011.