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Directors of the International Monetary Fund (IMF) have commended the authorities’ stabilization efforts that helped Seychelles overcome the 2008 balance of payments and debt crisis and the recent global recession. Directors noted a remarkable turnaround of economic policies, including foreign exchange market liberalization and floating of the rupee, exceptional fiscal adjustment, and enhanced management of public finances and the central bank. They also noted the important role played by international assistance, which facilitated successful restructuring of external debt and the return of investor confidence.

New Delhi: In the beginning of Circa 2011, the government has planned to market the potential of the resource-rich north-east India before millions of Overseas Indians and allure them to invest in this region.

New Delhi: The Minister of Shipping Shri G K Wasan today addressing the India Public Private Partnership Conclave on “Reforms, Development and Urbanisation” has said that to sustain India’s present high rate of growth, India has to increase its share in world trade. Since 95% of India’s external trade by Volume and 70% by Value takes place through Ports, it is imperative to augment and upgrade Port infrastructure.

New Delhi: India and Malaysia have signed a Memorandum of Understanding to promote technical assistance services in the field of highway management and development in India. The MoU was signed by Shri Kamal Nath, Minister of Road Transport and Highway, Government of India and Dato’ Shaziman bin Abu Mansor, Minister of Works, Government of Malaysia, in the presence of Dato’ Sri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia at Kuala Lumpur on Tuesday.

New Delhi: The Prime Minister, Dr. Manmohan Singh conferred the Indian Council for Philosophical Research (ICPR)’s lifetime achievement award to Prof. D.P. Chattopadhyaya and Prof. Balasubramanian, at a function, here today. Speaking on the occasion, he said that the scholarship and the intellectual accomplishments of both of these eminent philosophers are truly outstanding.

New Delhi: In pursuance of the decision taken in the First meeting of Civil Aviation Economic Advisory Council held on 13 December 2010, it has been decided to set up a Working Group on Regulatory Framework to protect consumer interest including disclosure of tariffs and conditions of service by domestic airlines under Civil Aviation Economic Advisory Council (CAEAC) in the Ministry of Civil Aviation.

24th December is an important day in the history of consumer movement in India as on this day the Consumer Protection Act, 1986 came into existence. Consumer Protection Act is considered as the Magna Carta for protecting consumer rights through establishment of advisory and adjudication authorities. This year the theme proposed by the Ministry of Consumer Affairs is “Consumers! Discharge your Responsibilities: Assert your Rights” which clearly means ‘there cannot be rights without responsibilities’.

NEW DELHI: Given continuing uncertainties with regard to supplies, Energy security has emerged as a matter of priority and concern for India. Acquisition of energy assets overseas and diversification of oil and gas supply base therefore, assume greater urgency. This was stressed at the CII organised Round Table Session on Overseas Energy Assets Acquisition here today.

NEW DELHI: Relations between the Congress (I) and the Trinamool Congress (TMC) worsen by the day in West Bengal, as 2011 Assembly elections loom closer.

Awakening to new challenges to its credentials, the Congress led by Ms. Sonia Gandhi , with a better grasp of ground realities than what the complacent UPA office-holders would admit, has given itself a reinvigorated charter of effective political and economic governance at the Centre, underlining its determination to take corruption “head on”, adhering to “probity and transparency” in public life.