View Articles

MANILA, PHILIPPINES - Southeast Asian economies are recovering faster than expected from the global economic crisis, but in the longer term will need to make financial, fiscal and structural adjustments to buffer themselves against future shocks, says a new study commissioned by the Asian Development Bank (ADB).

MANILA, PHILIPPINES - India's economy is poised for a solid recovery in 2010 as the global financial crisis fades, but policymakers need to address inflation and the widening fiscal deficit to buffer it against the impact of future global shocks, said a new study commissioned by the Asian Development Bank (ADB).

MANILA, PHILIPPINES - Growth in the People's Republic of China (PRC) is set to surge this year as the global financial crisis fades, and policymakers will need to consider tightening measures to prevent potential overheating of the economy, said a new study commissioned by the Asian Development Bank (ADB).

New York: The world's 370 million indigenous peoples suffer from disproportionately, often exponentially, higher rates of poverty, health problems, crime and human rights abuses, the first ever United Nations study on the issue reported, stressing that self-determination and land rights are vital for their survival.

IMF staff and the Jamaican authorities today reached agreement, subject to final approval by the IMF Executive Board, on an economic program supported by an SDR 802.5 million (about US$1.25 billion) loan under a 27-month Stand-By Arrangement.

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.

India has found a friend in Sheikh Hasina, the prime minister of Bangladesh. She is regarded as a friend not only by the ruling Indian National Congress party, but also the wide spectrum of political parties in the country, including the Hindu nationalist Bharatiya Janata Party that regard her as a sincere friend.

Indian agriculture has witnessed momentous growth during the last 60 years. The food grain production increased by 4 times, horticultural crops and milk by 6 times, fish by 9 times and eggs by 27 times since 1950-51. The country harvested a record 230 million tonnes of food grains, produced 6.87 million tonnes of fish and more than 100 million tonnes of milk during 2008-09.

New Delhi: With a view to rationalising the present arrangements relating to foreign portfolio investments by Foreign Institutional Investors (FIIs)/ Non Resident Indians (NRIs) and other foreign investments like Foreign Venture Capital Investor (FVCI) and Private Equity entities etc., the Government has decided to set up a working group to look at various types of foreign flows, which are taking advantage of arbitrage across the respective stand-alone regulations and generate recommendations to Government.

US President Obama told the television talk show queen Oprah Winfrey in a recent interview that he deserves a “ solid B plus” for his first year in office which ends on January 20 but what does America think of his freshman year? The opinion polls do not give him such high grades despite his getting a Nobel Prize. Some experts say that the first year of the presidency is more of a settling down period, and the major decisions will come only next year. After that he will concentrate on his re-election for the 2012 elections.