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New York: The number of people living in extreme poverty in the world’s least developed countries (LDCs) has been on the rise despite higher national incomes in some of those States, a senior United Nations official said today, calling for a review of the current development approaches.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) will extend $315 million to the government of Karnataka state in India for a major overhaul of the overburdened state highway system, which will help spur new economic growth and livelihood opportunities.

Will Bihar be repeated in Punjab in its next Assembly elections due in 15 months? The question assumes relevance in view of the prediction by Chief Minister Parkash Singh Badal and his son Deputy CM Sukhbir Singh Badal that “Bihar will be repeated in Punjab.” The validity of their claim needs to be tested by ground-level check of the factors which contributed to Nitish Kumar’s triumphant return to power.

LUCKNOW: Mission 2012 of Rahul Gandhi to capture power in Uttar Pradesh has been derailed by the poor performance of the Congress party in recently concluded by-polls and impact of Bihar polls.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) will increase support for clean energy development with an injection of up to $40 million in two new private equity funds that will target investments in promising green companies and projects across the region.

MANILA, PHILIPPINES - A rapid rise of corporate bond issuance in emerging East Asia has driven the growth in the region's local currency bond markets to just over $5 trillion.

MANILA, PHILIPPINES – The Asian Development Bank (ADB) will set up a new fund which will pool public and private resources to help Afghanistan finance much-needed infrastructure.

KOLKATA: Even as Bangladesh seeks to improve its road connectivity to Nepal and Bhutan through India, opinion in the country remains divided over the terms offered to its bigger neighbour in allowing transit and transshipment rights.

It may have been a coincidence that the fate of three chief ministers were sealed within a span of just two days last week. Political contexts in the three cases were different but the message was same. The four-decade-old control paradigm evolved by Indira Gandhi to manage the state units is playing havoc in both parties. The Delhi sultanate finds the old tools to subjugate the subadars increasingly messy.

New York: A United Nations committee tasked with safeguarding the world’s valued cultural heritage that might be threatened in times of armed conflict has granted enhanced protection status to three sites in Cyprus and another one in Italy, it was announced today.