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In a breathtaking display of rapid air power dominance in a representative battlefield area, Indian Air Force (IAF) aircraft blasted away targets by day, dusk and night in a fire power demonstration exercise, Vayu Shakti-2010, at Pokharan, today. The dusk and night phase display is the first ever by the IAF.

Normally, the term 'blocked bills' is specific to the US. The US Presidents enjoy more powers than our Prime Ministers. But their Senators and Congressmen also exercise greater vigilance and authority than the law-makers here. In situations where the President's party does not enjoy majority in either house or both - and that is not very rare - they try bipartisan consent.

It may sound paradoxical. But when the government is sincerely trying to ensure better corporate governance and management transparency in big business through a spate of reforms and changes in the companies act, multinational public companies are planning to convert themselves into private entities to avoid public gaze into their operations, balance sheets, the corporate governance code and the regulatory authorities. New ones are coming mostly as private entities or wholly-owned subsidiaries.

As UPA-II begins its second year with the forthcoming budget setting the tone, it will be increasingly discomforted by its two key allies, Trinamool Congress (TMC) and DMK, playing the populist card for their own political ends in next year's Assembly elections in West Bengal and Tamil Nadu. Government's major policy reforms for higher growth and fiscal consolidation may encounter more resistance in the days to come.

New Delhi : The Indian Prime Minister, Dr Manmohan Singh today left for a three-day visit to Saudi Arabia at the invitation of King Abdullah bin Abdul Aziz, Custodian of the two Holy Mosques.

Male: The World Bank Maldives Office invites registered civil society organizations in Maldives to submit applications for the Civil Society Fund (CSF) 2010.

WASHINGTON - The World Bank's Board of Executive Directors has approved an International Development Association (IDA) credit (1) of US$40 million equivalent in support of the implementation of the Government of Mozambique's Higher Education Science and Technology (HEST) Project.

Barbados has been severely affected by the global economic crisis. In particular, the deep global recession has curbed tourism, affecting related activities such as construction and trade which, in turn, depressed aggregate demand and raised unemployment. As a result, economic activity contracted significantly in 2009 after remaining broadly stagnant in 2008.

The Executive Board of the International Monetary Fund (IMF) has completed the first review of the Democratic Republic of São Tomé and Príncipe's economic performance under a three-year Extended Credit Facility (ECF) arrangement. The completion of the review, which was undertaken on a lapse of time basis and effective on February 17, enabled the release of an amount equivalent to SDR 370,000 (about US$570,000), bringing total disbursements under the arrangement to SDR 740,000 (about US$1.13 million).

In a meeting of the European Bank Coordination Initiative held in Vienna, the parent banks of the ten largest foreign banks active in Serbia reaffirmed their commitments made in March 2009 to support their subsidiaries. These commitments have provided support for the Serbian economy during this downturn and an expression of confidence in its prospects when the recovery firmly takes hold.