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Executive Directors of the International Monetary Fund (IMF) have welcomed today’s timely discussion of the Fund’s role on cross-border capital flows. They observed that capital flows have conferred substantial benefits by facilitating efficient resource allocation across countries, but prolonged episodes of high volatility have also presented serious policy challenges.

New York: Several matches during the upcoming Asian Cup football tournament, which opens in Doha, Qatar, on Friday, will be dedicated to the fight against hunger and poverty, the United Nations Food and Agriculture Organization (FAO) announced today.

New Delhi: Fifty new Battalions will be raised in the NCC to accommodate 2 lakh new NCC Cadets. This was stated by the Director General NCC Lt Gen RK Karwal here today. Addressing a news conference coinciding with the NCC Republic Day Camp 2011, General Karwal said that the Government has finally approved the proposal to raise the strength of NCC Cadets from the present 13 lakhs to 15 lakhs. He said the NCC Directorate will raise 01 Group HQ, 10 Army NCC units and 01 Naval and 01 Air units for this purpose. The process of absorbing the cadets will be completed in the next five years.

The challenge to predict accurate monsoon becomes bigger in climate change scenario and a proposed system for predicting regional climate change would require an atmospheric Global Climate Model (GCM) which can resolve mesoscale cloud system with stratospheric chemistry, aerosol, dynamic vegetation, coupled to a carbon model and an oceanic GCM with biogeochemistry model.

MANILA, PHILIPPINES - The Asian Development Bank (ADB), International Finance Corp. (IFC), Citibank, and Pakistan's MCB Bank announced today that they have completed a landmark trade transaction that will help boost the textile industry in Pakistan, a sector that accounts for over 60% of the country's industrial activity.

THIRUVANANTHAPURAM: The simmering rift in the Kerala unit of the Youth Congress came to the fore with the Vishal I group demanding the expulsion of Youth Congress leader and former Chief Justice of India, K G Balakrishnan’s son-in-law, Mr Sreenijan.

LUCKNOW: The recent growth of Muslim political parties has unnerved national and state level mainline political parties in view of 2012 assembly polls in Uttar Pradesh.

KOLKATA: ULFA chairman Arabinda Rajkhowa (real name Rajib Rajkonwar) stepped out of the Guwahati Central Jail on the New Year’s Day. For the people of Assam it was the first visible and tangible step toward a peace they were longing for, for decades.. The enthusiastic welcome by the ULFA supporters and general public who were waiting for him outside the jail gate on that wintry morning must have cheered the rebel leader and assured him that whatever he and his organization might have done, he still enjoyed the love and affection of the people. The same enthusiasm was visible all along his route to his ancestral home at Lakua in Upper Assam where his 100-year-old blind mother could only touch her son and feel his presence.

New York: With preparation for next week’s independence referendum in Southern Sudan in their final stages, the United Nations is seeking to ensure that every last voter in the more than four-million-strong electorate will have a ballot, no matter how remote and inaccessible the location.

New York: Passenger and freight air traffic grew substantially in 2010 as positive economic prospects worldwide overshadowed the depressed levels of 2009 caused by the global financial crisis, according to preliminary United Nations figures.