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India & IMF

India to purchase of up to US$10 billion worth of IMF notes

IMF Welcomes the move
Special Correspondent - 2009-09-06 15:50
New Delhi: India has decided to purchase of up to US$10 billion worth of IMF notes. Government of India has announced this intention and conveyed it to the International Monetary Fund.
India: Politics

ANDHRA PRADESH CONGRESS PLUNGED INTO CRISIS

NAMING YSR’S SUCCESSOR NO EASY TASK
Kalyani Shankar - 2009-09-05 09:52
The sudden death of Andhra Pradesh chief minister Dr. Y. S. Rajashekhara Reddy has plunged the Congress party into a deep crisis. Although Finance Minister K. Rosaiah has been sworn in as the chief minister, it is quite clear that the party is in search of a consensus candidate. Rosaiah himself is a contender.
New Delhi Letter

'PROJECT RAHUL' GOING AHEAD FULL STEAM

UP ASSEMBLY ELECTIONS TO BE CRUCIAL
Political Correspondent - 2009-09-05 09:48
Ever since Rahul Gandhi was brought into active politics, we have been frequently treated to the same staple farE. Endless deadlines and occasions for his stepping into the PM's shoeS. Rahul replacing Manmohan Singh has been the BJP's prime ministerial candidate L.K. Advani's theme song throughout the campaign. The present incumbent is a 'weak PM' and was simply keeping the chair warm for the Gandhi scion.

URGENT FOOD AID NEEDED TO AVERT HUMANITARIAN CATASTROPHE IN SOMALIA

Special correspondent - 2009-09-05 09:37
New York: The United Nations World Food Programme (WFP) is calling on donors to help avert a looming humanitarian catastrophe in Somalia, where half the population - or some 3.8 million people - are in need of assistance.

NEARLY 2,840 DEATHS ATTRIBUTED TO H1N1 VIRUS

Special correspondent - 2009-09-05 09:34
New York: There are now at least 2,837 deaths attributable to the pandemic H1N1 which continues to be the predominant circulating virus of influenza both in the northern and southern hemispheres, the United Nations health agency reported today.

Sport can be a transformative force in altering attitudes about people with disabilities

Special correspondent - 2009-09-05 09:29
New York: Sport can be a transformative force in altering attitudes of what communities think about people with disabilities as well as what these people feel about themselves, the United Nations official tasked with promoting sport for development and peace has said.

HUMANITARIAN CRISIS IN NORTHERN YEMEN INTENSIFYING

Special correspondent - 2009-09-05 09:23
New York: As heavy fighting between the Government and rebels in northern Yemen enters its fourth week, the humanitarian crisis in the country is deepening, the United Nations refugee agency has warned.
Delhi Ministerial concludes

Ministers agree to revive stalled WTO talks on basis of Dec 2008 texts

Scope for bilateral agreements to energise Doha process
ASHOK B SHARMA - 2009-09-04 16:58
The trade ministers assembled in Delhi for the informal WTO Ministerial resolved to resume the staled negotiations on basis of the texts formulated in December 2008. The chief negotiators and senior officials of member countries would meet in Geneva in the week beginning September 14, 2009 to draw up a process of engagement for the next two to three months and to work with the chairs of the negotiating committees to prepare an overall agenda of action.
INDIA: CORPORATE WATCH

HARD TIMES FOR FOOD PROCESSING INDUSTRY

THOUSANDS OF JOBS ARE AT STAKE
Nantoo Banerjee - 2009-09-04 09:15
With food prices skyrocketing in the country, local food processing companies are in for hard times in the coming months. The procurement itself of adequate quantities of basic inputs such as grains, pulses, wheat, floor, fruits, potato, tomato, ginger, lemon, red and green chillies, spices and vegetable oil is posing a challenge for small-scale units engaged in food-processing in the face of their growing shortage in the market.
Uttar Pradesh politics

STAKES HIGH FOR SAMAJWADI PARTY IN FIROZABAD BY-ELECTION

PARTY FIELDS MULAYAM’S DAUGHTER-IN-LAW TO TAKE ON RAJ BABBAR
Pradeep Kapoor - 2009-09-04 09:10
LUCKNOW: The Samajwadi Party has staked its prestige on the Firozabad Lok Sabha by-elections by fielding Dimple Yadav, daughter-in-law of its president and former chief minister Mulayam Singh Yadav, to take on powerful Congress candidate Raj Babbar.