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Bangladesh: strong performance of economy, growth rate expected to be 6 percent

Special Correspondent - 2010-02-24 06:53
The Executive Board of the International Monetary Fund (IMF) has commended the authorities of Bangladesh for the strong performance of Bangladesh's economy, despite the global recession. Growth has been supported by buoyant domestic activity, including in agriculture and services. Resilience in exports as well as continued strong inflows of remittances also played an important role. Fiscal conservatism of the government has paid large dividends. These trends are to continue with medium-term growth in the baseline scenario projected at a respectable 6 percent. However, two policy issues remain troublesome.

THOUSANDS OF SRI LANKAN FARMERS TO BENEFIT FROM ANTI-POVERTY SCHEME

Special Correspondent - 2010-02-24 06:42
New York: Nearly 58,000 farming households in Sri Lanka are expected to benefit from a United Nations-funded programme designed to improve their livelihoods, boost their incomes and enhance their participation in the marketing and selling of their products.

GREATER EFFORTS NEEDED TO CURB GLOBAL WARMING TO LESS THAN 2 DEGREES CELSIUS

Special Correspondent - 2010-02-24 06:39
New York: Nations must make more aggressive pledges to slash greenhouse gas emissions to avoid global temperatures rising by 2 degrees Celsius and prevent the worst possible effects of climate change, warned the United Nations Environment Programme (UNEP) in a report.

Global Financial Crisis Interventions: Exit strategy of the IMF

Special Correspondent - 2010-02-24 06:36
The Executive Board of the International Monetary Fund (IMF) has discussed principles for exiting from extraordinary and unprecedented crisis intervention policies implemented by countries across the globe following the onset of the crisis in the summer of 2007.

Road map chalked out for development of Indian roads

Special Correspondent - 2010-02-23 19:11
New Delhi: During the current plan (2007-12) the Ministry of Road Transport and Highways has plans for implementation of NHDP Phases-V i.e., 6-laning of 6,500 km & VI phase i.e. 1,000 km Expressways, initiation of work for two-laning of 6,800 km stretches of NHs under NHDP Phase-IV through Build-Operate-Transfer [BOT] (Toll) mode, construction of ring roads of major towns and by-passes and flyovers under NHDP Phase-VII.
India

Disinvestments of PSUs, mandatory public shareholding to be strictly implemented

Special Correspondent - 2010-02-23 18:49
New Delhi: Government has decided that already listed profitable Central Public Sector Enterprises (CPSEs) not meeting the mandatory public shareholding requirement of 10% are to be made compliant and all CPSEs having positive networth, no accumulated losses and having earned net profit for three preceding consecutive years, are to be listed through public offerings out of Government shareholding or issue of fresh equity by the company or a combination of both.
India

Draft guidelines for the Rajiv Awas Yojana prepared and circulated

Special Correspondent - 2010-02-23 18:40
New Delhi: According to the Ministry of Housing and Urban Poverty Alleviation, draft guidelines of the Rajiv Awas Yojana have been prepared and circulated to all States/UTs/Central Ministries and experts/NGOs for comments.
India

Mega Food Park Project in North East to be speedily implemented

Special Correspondent - 2010-02-23 18:35
New Delhi: Shri Subodh Kant Sahai, Minister of Food Processing Industries met the Special Purpose Vehicle (SPV) of North East Mega Food Park, who is setting up the Mega Food Park at Nalbari in Assam to take stalk of progress of expedite implementation of the project during his visit to North East Region recently.

India

National Food Security Bill proposed, BPL population to be entitled for 25 kg of wheat or rice per month at Rs.3/- per kg

Special Correspondent - 2010-02-23 18:29
New Delhi: As announced by the President of India, in her address to the joint session of Parliament on 04.06.2009, the Government proposes to enact a National Food Security Act which envisages, among other things, that every Below Poverty Line (BPL) family in the country shall be entitled to 25 kg of wheat or rice per month @ Rs.3/- per kg.

India to promote rural tourism

Special Correspondent - 2010-02-23 17:23
The Union Minister of State for Tourism Shri Sultan Ahmed has said that his Ministry will take initiatives at the centre to have better inter-ministerial coordination for promotion of Rural Tourism and marketing of Rural Tourism products both at domestic and international level.