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HONG KONG, CHINA - The resurgent People's Republic of China's (PRC) economy remains on track to grow 9.6% this year, and 9.1% in 2011, but policymakers will need to boost domestic consumption to make growth more sustainable and inclusive in the long term, says the Asian Development Bank (ADB) in a major new report.

HONG KONG, CHINA - Developing Asia's robust recovery from the global crisis is gaining further momentum, the Asian Development Bank (ADB) says in its annual flagship economic publication Asian Development Outlook 2010 Update, released today.

The UK economy is on the mend, says the International Monetary Fund (IMF). Its Article IV Consultation Concluding Statement of the Mission says that Economic recovery is underway, unemployment has stabilized, and financial sector health has improved. The government's strong and credible multi-year fiscal deficit reduction plan is essential to ensure debt sustainability.

NEW DELHI: The five-year old National Rural Employment Guarantee Scheme, which was expected to deal with the problem of unemployment, under-employment, poverty and impoverishment in the countryside, seems to have reached at crossroads.

What next in Jammu and Kashmir? Will the Centre's announcement of the 8-point peace-seeking formula restore the pre-stone pelting phase of normalcy in the strife-torn state? Answers to the questions depend on two things. One, what will be the immediate impact of the formula and in what manner different shades of public opinion react to the Centre's olive branch? Two, will Pakistan's ISI use a new strategy to fan unrest in the Muslim-dominated Valley?

LUCKNOW: Congress is being blamed by Muslim as well Hindu leaders for deferment of much awaited judgment on title suit on Babri mosque.

There is certainly some thing queer about our China debate. The great China enigma is no more confined to that country's growth miracle, its new assertiveness or military build-up. The riddle very much pervades our own policy establishment. Dealing with China is no more a cut and paste job as has been a couple of decades ago. It is a more complex task with all the daily dose of the dragon flexing muzzles and adding new 'pearls' to the string all around us.

President Barack Obama is battling hard to revive growth to create jobs as well as confidence in the middle class, highly frustrated in the absence of an economic bounce-back, even as Democrats fear losing the November 2 midterm elections to a Republican take-over of the Congress. The Republicans pledged to restore broadly the Bush-era style of governance, are in upbeat mood, counting on widespread voter discontent and on the backing it has of the ultra-conservative, anti-establishment Tea Party Movement with its impressive showing at the grassroots level.

India and Germany have identified areas of cooperation in biotechnology, infrastructure development, telecom and healthcare. India needs more investment in power, roads, railways, ports and aviation. The Delhi-Mumbai Industrial Corridor and the Chennai-Bangalore Industrial Clusters offer new avenues for foreign investors.

Stock market fixers are back again in droves. Like on the last occasion, they all are of overseas origin, from Mauritius, Kayman Island, Isle of Man, St. Kitts, Virgin Islands, Liberia and other tax havens. They have been pumping in billions of dollars into the Indian stock market since early this year. Their 'buy' orders had unilaterally dragged up the Bombay stock exchange's (BSE) 30-share sensitive index (Sensex) to a 32-month high at 20,001.55 on September 21. Local punters are, however, less enthusiastic - cautiously optimistic, in analysts' language - this time about the rising Sensex than they were in January, 2008. Many are considering 'sell' options.