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During the 6th session of the Indo-UK Joint Economic & Trade Commission (JETCO) last evening in London, both the countries agreed on the need for further improvement in the regulatory environment impacting trade and investment flows. As regards Market access issues for both goods and services, both sides reaffirmed their commitment to increase the FDI flows.

A dramatic change in US political scene deprived President Barack Obama of a first year achievement he has pined for - a historic reform of the health care system that the contentious Congress had very nearly approved at the beginning of 2010. A totally unexpected Republican victory in Massachussets for the Senate seat held by the Kennedy family for half a century has transformed the dynamics of US politics throwing a political challenge to Democrats to hold their majority in the midterm Congressional elections in November.

It may sound a bit cynical but the fact is that barely 48 hours before the Reserve Bank of India (RBI) was scheduled to announce a fresh set of monetary measures to contain the inflationary pressure on economy, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) dropped 491 points, a 12-week low, serving a warning against higher bank rate.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is helping Lao People's Democratic Republic (Lao PDR) roll out new power lines in underserved areas which will help improve living standards and increase opportunities to export excess power to neighboring Thailand.

New York: Large-scale fishing operations are seriously threatening the lives of the majority of toothed whale populations, which include dolphins and porpoises, warned a new United Nations Environment Programme (UNEP) report.

New Delhi: The United Nations Industrial Development Organisation (UNIDO) today signed a US $ 14.5 million project funded by the Global Environment Facility (GEF) with the Government of India for the phase-out of polychlorinated biphenyls (PCBs) in the country.

New Delhi: The Union Cabinet today approved a proposal from the Ministry of Human Resource Development to amend the National Council for Teacher Education Act, 1993 to clarify its applicability to matters relating to norms for minimum qualification for appointment of school teachers and clarify its applicability to schools and school teachers.

New York: The United Nations today announced a further allocation of $20 million from its Peacebuilding Fund to the Central African Republic (CAR) to support security sector reform, economic revitalization and the rule of law in consolidating peace in the impoverished African country.

Executive Directors of the International Monetary Fund (IMF) congratulated the authorities on their strong record of sound macroeconomic policies and decisive actions leading to India's early and vigorous recovery from the global crisis. Directors looked forward to the introduction of the Goods and Services Tax and the new Direct Tax Code.

Addis Ababa - The African Union and the World Bank are combining efforts to promote innovative approaches to achieving long lasting peace, economic development, and security in conflict-affected countries through collaboration of two flagship projects: The African Year of Peace and Security and the World Development Report 2011 on conflict, security and development.