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Non-Aligned Movement has an invaluable role to play in promoting greater understanding

Special Correspondent - 2010-03-18 08:57
New York: UN Secretary-General Ban Ki-moon has appealed for a rejection of extremism, underscoring that the international grouping of over 100 countries known as the Non-Aligned Movement, or NAM, has an invaluable role to play in promoting greater understanding.
India

UPA II STUMBLES ON THE EVE OF 1ST ANNIVERSARY

HARDLY ANY SILVER LINING FOR THE GOVT.
Amulya Ganguli - 2010-03-17 08:27
The fiasco over the nuclear liability bill is the latest incident of the Manmohan Singh government appearing unsteady on its feet as it approaches the first anniversary of its present stint. In addition, any satisfaction it felt over the passage of the women's reservation bill in the Rajya Sabha must have been dissipated by the subsequent developments, which showed that the objections of the Mandal group to the proposed law can no longer be ignored. Hence, Pranab Mukherjee's acceptance of the earlier plea of the Yadav troika - Lalu Prasad, Mulayam Singh and Sharad - for an all-party meeting on the subject.
India-Russia

PUTIN'S VISIT BOOSTS DEFENCE TIES

INDIAN INVESTMENTS IN RUSSIA STILL TO MAKE HEADWAY
Special Correspondent - 2010-03-17 08:23
NEW DELHI: The two-day visit of Russian Prime Minister Vladimir Putin in the second week of this month to New Delhi has helped in sorting out some of the major irritants in the traditional defence collaboration between the two countries. However, talks by the official delegations have not led to any real breakthrough in pushing India-Russia trade and investment relations to a new high.

Antigua and Barbuda to get US$125 Million IMF Loan

Special Correspondent - 2010-03-17 08:18
The Antiguan authorities and an IMF staff mission have reached agreement on a program that the mission will recommend the IMF support through a Stand-By Arrangement (SBA) for SDR 81 million (about US $124 million) over 36 months. Following review by staff in Washington and management approval, the IMF's Executive Board would consider Antigua and Barbuda's request for an SBA, which is envisaged for May.

Tanzania: Economic ecovery remains nascent

Special Correspondent - 2010-03-17 08:13
Macroeconomic policies including monetary and fiscal easing, supported by the Tanzanian government's economic recovery plan, have helped mitigate the impact of the global crisis. The recovery, however, remains nascent and growth has been concentrated in lightly-taxed sectors, causing government revenue collection to fall below targets in the budget.

Mexico's economy starts recovering, uncertain global outlook could pose downside risks

Special Correspondent - 2010-03-17 08:04
The economy is starting to recover, following the deep output contraction in the first half of 2009. However, the uncertain global outlook could pose downside risks, underscoring the need to increase room for policy maneuver and strengthen efforts to address medium-term fiscal and growth challenges.

Malawian economy resilient, external position remains weak

Special Correspondent - 2010-03-17 07:49
The Malawian economy has proven resilient during the global economic crisis by sustaining high growth and moderate inflation. The financial sector remains well-capitalized and sound; Malawi's food security was enhanced through increased agricultural output; and progress was made towards the achievement of the Millennium Development Goals.

WTO: Intellectual property differences 'better illuminated'

Special Correspondent - 2010-03-17 07:42
Recent intellectual property consultations “have not created convergence, but have certainly shed light on divergences,” Director General Pascal Lamy told WTO members on 12 March 2010. He was briefing them on talks he had chaired with about 20 delegations on geographical indications and proposals related to biodiversity.