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INDIA: CORPORATE WATCH

CENTRE IS CO-ACCUSED IN BHOPAL GAS TRAGEDY

HOW DID UNION CARBIDE GET LICENCE?
Nantoo Banerjee - 2010-06-11 10:24
If anybody is to be blamed for the weak judicial magistrate court judgement in the 25-year-old Union Carbide case, it is the government of India and the charge-sheet filed by the Central Investigation Bureau (CBI). Judges do not act on emotions, passion or sentiment. They can only respond to specific charges on the basis on arguments and counter arguments by the prosecution and defence counsels. Their heads and hands are tied under the provisions of law. The Bhopal court had handed down the highest punishment to the offenders that could be served under the existing law. The offenders were merely charged with 'criminal negligence' by the prosecution and not 'culpable homicide not amounting to murder', which could have put the culprits behind the bars up to 10 years. Frankly, the case did not have much substance. 'Real culprits' were neither named, nor any effort made to involve them in the case.

POLITICAL MERCURY UP WITH MERGER OF KERALA CONGRESS FACTIONS

CONGRESS WORRIED ABOUT ITS FALLOUT
P. Sreekumaran - 2010-06-11 10:17
THIRUVANANTHAPURAM: Kerala politics has entered a new phase with the recent merger of the Kerala Congress (Joseph) faction, which has severed ties with the ruling Left Democratic Front (LDF), in Kerala Congress (Mani), a partner of the Congress-led United Democratic Front (UDF).

'LESS TALK, MORE ACTION' TO ACHIEVE TARGETS ON DEVELOPMENT

Special Correspondent - 2010-06-11 10:12
New York: Africa, with its limitless potential, can achieve the Millennium Development Goals (MDGs), UN Secretary-General Ban Ki-moon said in Cameroon, calling for “less talk, more action” to help the continent meet the globally-backed targets.

Paraguay: A rebound in growth is expected for 2010

Special Correspondent - 2010-06-11 10:06
Executive Directors of the International Monetary Fund (IMF) have said that sound macroeconomic policies followed by Paraguayan authorities in recent years had permitted the timely shift to a countercyclical stance, which had helped limit the fall in real GDP. A rebound in growth is expected for 2010, underpinned by the continuation of prudent demand policies while keeping inflation under control. Directors noted, however, that the economy remains vulnerable to swings in commodity prices, weather-related shocks, and financial risks associated with high dollarization and the operations of savings and loans cooperatives. These highlight the need to continue to press ahead with the ambitious agenda of institutional reforms and export diversification, with Fund technical assistance as appropriate.

Papua New Guinea: Planned level of spending is likely to be too expansionary

Special Correspondent - 2010-06-11 10:00
Executive Directors of the International Monetary Fund (IMF) have concluded that the recent slippages in Papua New Guinea in the implementation of the framework have undermined its stabilization objective. Spending from accumulated mineral revenue above the framework's limit imparted a fiscal stimulus in 2009 larger than warranted. Although the 2010 budget reduces the stimulus, the planned level of spending is likely to be too expansionary given the expected strength in private activity. Further, spending from trust accounts outside the budget will add to demand pressures. Delaying some infrastructure spending would ease overall demand pressures and help ensure that good value is achieved from this spending.

CALLS FOR DIALOGUE TO CURB VIOLENCE AGAINST TIMORESE WOMEN

Special Correspondent - 2010-06-11 09:51
New York: The top United Nations envoy to Timor-Leste has underscored the need for dialogue to bring an end to gender-based violence in the fledgling South-East Asian nation.

BLEAK ECONOMIC SITUATION FOR PALESTINIANS HIGHLIGHTED

Special Correspondent - 2010-06-11 09:45
New York : The economic situation in the occupied Palestinian territory has seen some improvement but remains precarious, particularly in the Gaza Strip, where the continued Israeli blockade undermines prospects for employment and growth, says a new United Nations report.

Lebanon's economy has largely eluded the impact of the global crisis

Special Correspondent - 2010-06-11 09:28
The International Monetary Fund (IMF) mission visited Beirut on May 27 -June 9, 2010 to hold discussions for the 2010 Article IV consultation. The mission met with the Minister of Finance, the Governor of the Banque du Liban (BdL), a number of other members of cabinet and officials of the administration, members of parliament, and representatives of the private sector and the academia.

UN wants more female police officers in peace missions

Special Correspondent - 2010-06-11 09:20
New York: The United Nations is stepping up its efforts to boost the number of female police officers serving in its peacekeeping missions around the world, highlighting that women can play a unique role in certain areas, including responding to sexual- and gender-based violence.

Massacre of nearly 8,000 Muslim: Life terms to two former top Bosnian Serb military officers

Special Correspondent - 2010-06-11 09:13
New York: A United Nations war crimes tribunal has handed out life terms in jail to two former top Bosnian Serb military officers after convicting them of genocide for their role in the 1995 massacre of nearly 8,000 Muslim men and boys in the UN safe haven of Srebrenica, the most notorious episode of the Balkan conflicts of the 1990s.