Loading...
 
Skip to main content

View Articles

List Articles

Azerbaijani economy withstood the global financial crisis, but not immune

Special Correspondent - 2010-03-04 04:53
The Azerbaijani economy has withstood the impact of the global financial crisis well, but has not been immune to it. Overall GDP grew at an impressive 9.3 percent during 2009, but non-oil GDP growth fell from 16 percent in 2008 to 3 percent in 2009. The most direct impact of the crisis was through a large drop in the price of oil and lower external demand, which caused fiscal and export revenues to fall by nearly 30 percent. In addition, commercial banks cut back their loans to the private sector because of lower access to foreign financing, and a number of state-owned enterprises experienced refinancing difficulties. As international commodity prices fell, average annual inflation dropped dramatically from more than 20 percent in 2008 to 1.4 percent in 2009.

KENYA: ICC PROSECUTOR NAMES 20 PEOPLE MOST RESPONSIBLE FOR POST-ELECTION CLASHES

Special Correspondent - 2010-03-04 04:37
New York: Following a request for additional information from the International Criminal Court (ICC) earlier this month, its Prosecutor today named the 20 people he says are most responsible for the deadly post-election ethnic violence which swept Kenya in December 2007 and January 2008.

AFRICA UNDERACHIEVING IN DEVELOPMENT OF 'GREEN' ENERGY ECONOMY

Special Correspondent - 2010-03-04 04:34
New York: Africa is lagging behind the rest of the world in developing renewable energy projects with initiatives aimed at producing clean and 'green' energy remaining largely under-exploited, warned a new report by the United Nations Environment Programme (UNEP).

Zambian economy has been holding up well

Special Correspondent - 2010-03-04 04:29
The Zambian economy has been holding up well, despite the sharp decline in copper prices in 2008 and early 2009. Growth exceeded 6 percent in 2009, boosted by a significant increase in copper output, a bumper crop, and continued strong construction activity. Inflation has been below 10 percent since December 2009, helped by the bumper crop.

Bulgarian economy will start to recover in 2010

Special Correspondent - 2010-03-04 04:14
The economy of Bulgaria will start to recover this year as the recovery in global GDP growth will spur exports, and projects real GDP in Bulgaria to increase by 0.2 percent in 2010.

India: Qualified teachers not available in many states

Special Correspondent - 2010-03-03 20:10
New Delhi: Several States in the country, particularly Bihar, Chhattisgarh, Jharkhand, Orissa, West Bengal and Uttar Pradesh and some of the North Eastern States have shortage of qualified persons for appointment as teachers in schools.

India: Agreemets to Counter Terrorism

Special Correspondent - 2010-03-03 20:06
New Delhi: As part of Government's efforts to combat the menace of international terrorism, Ministry of External Affairs has signed agreements for establishment of Joint Working Groups (JWG-CT) on Counter-Terrorism with 25 countries and 2 regional organizations.

Australian visa regulations to affect the Indian students

Special Correspondent - 2010-03-03 20:02
New Delhi: The High Commission of India in Canberra has made demarches to the Australian authorities informing them that the changes introduced by them in the visa regulations are going to affect the Indian students.

Chinese incursion in Ladakh

Special Correspondent - 2010-03-03 19:54
New Delhi: India and China through negotiations are seeking to arrive at a final settlement of the International Boundary between India and China. There is no commonly delineated Line of Actual Control (LAC) between the two countries.

171.91 lakh bogus ration cards cancelled, Haryana and Chandigarh directed to complete smart cards by December

Special Correspondent - 2010-03-03 19:49
New Delhi: The Public Distribution System (Control) Order, 2001 mandates the State/UT Governments to issue distinctive ration cards to Above Poverty Line (APL), Below Poverty Line (BPL) and Antyodaya Anna Yojana (AAY) families and to conduct periodical review and checking of ration cards, to weed out ineligible and bogus ration cards and bogus units in the ration cards.