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WTO AGRICULTURE NEGOTIATIONS

Progress report for “stock taking” meetings expected at the end of the month

Special Correspondent - 2010-03-17 07:10
Wrapping up almost two weeks of agriculture negotiations from 3 to 12 March 2010, New Zealand Ambassador David Walker, who chairs the talks, said he expects to prepare a progress report for “stock taking” meetings at the end of the month.

INDONESIA'S ENERGY SECTOR GETS $400M FROM GLOBAL CLIMATE FUNDS

Special Correspondent - 2010-03-17 03:14
MANILA, PHILIPPINES - Indonesia's geothermal power capacity is set to nearly double following the endorsement of a new climate investment fund plan. The $400 million plan, endorsed by the Trust Fund Committee of the Clean Technology Fund (CTF), will help transform Indonesia's use of renewable energy and ultimately support the government to meet its long-term goal of reducing greenhouse gas emissions by 26% in 2020.
India

HISTORIC STEP ON WOMEN'S RESERVATION

BIG GAIN FOR GENDER EQUALITY
Praful Bidwai - 2010-03-16 09:47
The passage of the Women's Reservation Bill in the Rajya Sabha, 14 years after it was first tabled, calls for celebration. But one's joy must be tempered by the extremely fractious and divisive voting process, which witnessed sharp polarisation between the Congress, the Bharatiya Janata Party and the Left, on the one hand, and the Samajwadi Party, Rashtriya Janata Dal and a section of the Janata Dal (United) on the other.
India

MULAYAM SEEKS CHANGES IN THE WOMEN'S RESERVATION BILL

SP CHIEF SAYS IT WILL DAMAGE THE PARLIAMENTARY SYSTEM
Pradeep Kapoor - 2010-03-16 09:42
LUCKNOW: Samajwadi Party president Mulayam Singh Yadav has said that the Women's Reservation Bill in its present form would damage the country's parliamentary system.

New norms for bidding of Highway Projects

Special Correspondent - 2010-03-16 09:23
New Delhi: With a view to resolve the procedural impediments, National Highway Authority of India (NHAI) has modified some of the norms in model documents for Build-Operate-Transfer-(BOT) projects i.e. Request for Qualification and Request for Proposal (RFQ/RFP). This has been done consequent to acceptance of the recommendations of the Chaturvedi Committee's first report by the government.

Steps to stop use of bank accounts by terrorist groups

Special Correspondent - 2010-03-16 09:19
New Delhi: Reserve Bank of India (RBI), in terms of instructions contained in the guidelines on Know Your Customer (KYC) norms, have advised the banks that before opening any new account it should be ensured that the identity of the customer does not match with any person with known criminal background or with banned entities such as individual terrorist or terrorist organisation etc. Banks are stipulated to file suspicious transaction reports pertaining to remittances/withdrawals from bank accounts and in respect of account holder.

Consumer Rights and Redressal mechanism

Dr Sheetal Kapoor - 2010-03-16 09:15
Due to globalization and opening of Indian markets to foreign players Indian consumers today have an access to innumerable brands. In every industry whether it is fast moving consumer goods (FMCG) or durable goods or service industry there are more than twenty brands at national level catering to the needs of the consumers. This situation of plenty is giving the consumer an opportunity to choose goods and services from a wide spectrum. But is the consumer getting value for money? why is consumer protection becoming more important in today's scenario? and is the concept 'let the buyer beware' still exists? or are we moving towards consumer sovereignty?

Gabonese economy underwent a difficult year due to the unusual domestic environment

Special Correspondent - 2010-03-16 08:52
The Gabonese economy went through a difficult year in 2009 due to the unusual domestic environment because of painful social developments and the preparation of the presidential elections on the one hand and to the unfavorable international economic situation on the other.

IMF Approves US$118.1 Million Credit Facility for Mauritania

Special Correspondent - 2010-03-16 08:45
The Executive Board of the International Monetary Fund (IMF) today approved a three-year arrangement totaling SDR 77.28 million (about US$118.1 million) for the Islamic Republic of Mauritania under the Extended Credit Facility (ECF). The approval makes an amount equivalent to SDR 11.04 million (about US$16.9 million) immediately available, with the remainder available in installments subject to semiannual reviews.

Poland is the only EU economy to have escaped a recession in 2009

Special Correspondent - 2010-03-16 08:38
Poland is the only EU economy to have escaped a recession in 2009. Its large domestic market and attendant limited reliance on exports, coupled with a well-capitalized and profitable banking system, limited the negative spill-over from the global crisis through both real and financial channels. Moreover, policy makers took advantage of the room for maneuver afforded by limited pre-crisis imbalances and the flexible exchange rate policy to provide significant monetary and fiscal stimulus.