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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.

MANILA, PHILIPPINES - The Asian Development Bank (ADB), the Global Environment Facility (GEF), and the Australian Institute of Marine Science (AIMS) are helping five Pacific countries manage their marine resources in the Coral Triangle.

New York: With the referendum on independence for Southern Sudan just weeks away, the United Nations refugee agency reported today that thousands of southerners living in the north are heading back by road, rail, barge and plane in both organized and spontaneous returns.

Jeddah, Saudi Arabia - The African Development Bank (AfDB) Group and the Islamic Development Bank (IsDB), on Tuesday in Jeddah, Saudi Arabia, signed a USD 1 billion dollar partnership Memorandum of Understanding for joint project funding in their Common Member Countries.

Mr. Alfred Schipke, Mission Chief for St. Lucia at the International Monetary Fund (IMF) has said in a statement issued today that an understandings in principle have been reached on emergency financing of around US$8 million to help St. Lucia manage the aftermath of Hurricane Tomas that hit the island on October 30–31, 2010.

The Executive Board of the International Monetary Fund (IMF) has completed the second program review and financing assurances review under Seychelles’ program supported by a three-year extended arrangement under the Extended Fund Facility (EFF). The completion of the second review allows the immediate disbursement of an amount equivalent to SDR 1.76 million (about US$2.7 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 9.24 million (about US$14.2 million).