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The Managing Director of the International Monetary Fund (IMF) has appointed a high-level external panel to undertake a review of the risk management framework employed by the IMF to manage its strategic, financial, and operational risks. When the framework was launched (2007), it was decided that a comprehensive and independent review of the framework would be undertaken after three years of experience, as is customary for Fund policies. The creation of a review panel has been welcomed by the IMF Executive Board.

New York: Solidarity with those less fortunate is more important than ever, especially at a time when the global economic crisis has pushed an estimated 64 million more people into poverty, says UN Secretary-General Ban Ki-moon.

New Delhi: Shri R.H. Khwaja, Secretary, Ministry of Tourism said it is time for both India and Indonesia to identify areas of cooperation and explore new opportunities to expand tourism opportunities. Addressing the 2nd Joint Working Group meeting on tourism cooperation between India and Indonesia here today, Shri Khwaja said these areas are especially in the field of research and development, education and training, promotion, investment, private sector cooperation, cooperation in Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism etc.

New Delhi: The Secretary, Ministry of Mines, Shri S. Vijay Kumar chaired the Stakeholders’ meeting on Review and Restructuring of Indian Bureau of Mines today. The meeting was attended by representatives from State Governments, mineral industry, Indian Bureau of Mines (IBM), GSI and FIMI. This meeting was held to discuss the Draft Report on the issue, which is available on the website of Indian Bureau of Mines since September 2010.

New Delhi: The former President Dr. APJ Abdul Kalam has called upon the students to discover the impossible. Delivering a lecture on 'National Character Building' at the Army Public School here today to mark the 'National Education Day', Dr Kalam asked the teachers to encourage the young minds to think differently. Underlining that the teachers are a vital part of nation-building, the visionary scientist-turned-statesman stressed on the value-based education to build a strong India.

New Delhi: Addressing the Plenary Session “Prospects of Russian-Indian Trade and Investment Relations Development” of 4th India-Russia Forum on Trade and Investments, here today, Shri Anand Sharma, Union Minister of Commerce and Industry, said that the target of US $ 20 billion trade by 2015 is achievable provided all stakeholders put in concerted high efforts to meet it and added that “let us work together for a renewed thrust on bilateral trade and investment”.

New Delhi: The Fourth India-Russia Forum on Trade & Investment was organized by the Ministry of Commerce & Industry and Ministry of Economic Development of the Russian Federation, held here today. Mr. Sergei Ivanov, Deputy Prime Minister of the Russian Federation, and Shri Anand Sharma, Minister of Commerce & Industry of India, participated in the meeting of the Forum.

New Delhi: The Election Commission of India (ECI) and the Central Election Commission (CEC) of the Russian Federation will sign a Memorandum of Understanding on mutual understanding and cooperation in the field of elections on 21st December, 2010 in New Delhi. The Memorandum will be signed by the Chief Election Commissioner of India Dr. S. Y. Quraishi and the Chairman of the Central Election Commission of Russian Federation Mr. Vladimir Yevgenyvich Churov. The Memorandum of Understanding follows a long tradition of bilateral exchanges and cooperation between the two Electoral Commissions.

New Delhi: A meeting of the Price Fixation Advisory Committee (PFAC) for fixing the Minimum Export Price (MEP) of onion was held today.

The Central Board of Excise & Customs (CBEC) has released a draft scheme of Authorized Economic Operator (AEO) based on the World Customs Organisation’s (WCO) SAFE Framework of Standards to secure and facilitate global trade. The SAFE Framework of Standards was adopted by the WCO, an organization of 178 Customs administrations, in 2005 to address growing concern among the Customs administrations about the threats posed to national as well as global security through the misuse of channels of import and export.