India asks rich to help spur poor nations' economiesOctober 13th, 2009 UNITED NATIONS - Noting that developing countries had been most affected by the global economic crisis, India has urged rich nations to honour their pledges and keep up the stimulus and other efforts to spur their economies. On its part "India remains firmly committed to realising the vision set out in Cairo 15 years ago and to fulfilling the Millennium Development Goals (MDGs) by 2015," Shashi Tharoor, minister of state for external affairs, told the UN General Assembly Monday.
Poor will continue to bear impact of crisis: MukherjeeOctober 6th, 2009 ISTANBUL - Finance Minister Pranab Mukherjee Tuesday said the adverse effects of the financial crisis will continue to hit the poor for several more years as many developmental programmes suffered serious setback during the crisis. Speaking at the plenary session of the annual meeting of the World Bank and the International Monetary Fund (IMF), Mukherjee said: "The struggle to achieve the MDGs (millenium development goals set by the UN) has suffered a serious setback."
According to him, the demand for World Bank assistance would remain high for many years to come.
'Less aid, more debt for poor nations unless G20 changes situation'September 25th, 2009 NEW DELHI - The UN Millennium Campaign has just released figures which show that unless rich countries marshal additional resources at the ongoing G20 summit, they are likely to deliver $33 billion less aid than promised to the poor countries which are hardest hit by the global economic crisis. At the same time, packages intended to help poor countries address the crisis might drive them deeper into debt, a spokesperson of the campaign said over e-mail.
Developing nations ask industrialized world to compensate them for economic, climate crisesSeptember 25th, 2009 Poor nations want compensation for economic crisisUNITED NATIONS — Developing nations are urging the industrialized world to acknowledge its responsibility for the global economic and climate crises and to compensate them for the damages these have caused. Yemeni Foreign Minister Abu-Bakr al-Qirbi, who chairs the Group of 77 that represents 132 developing counties, says the U.N.
India not likely to meet millennium goals by 2015: RameshJuly 29th, 2009 NEW DELHI - India is unlikely to meet the Millennium Development Goals (MDG) by 2015, the deadline it had promised, Minister of State for Environment and Forests Jairam Ramesh said here Wednesday. "It's a matter of great distress that we won't reach the Millennium Development Goals by 2015," Ramesh said at a conference of the Parliamentarians' Group on the Millenium Development Goals (PG-MDGs).
One billion are hungry, poor - nations acknowledge at L'AquilaJuly 10th, 2009 L'AQUILA - Over a billion people in the world are suffering from hunger and poverty and the global economic crisis has plunged nearly 100 million into extreme poverty. This is threatening to jeopardise the progress of the Millennium Development Goals (MDGs), leading economies and institutions have acknowledged here.
UN agency, WHO hail budgetJuly 7th, 2009 NEW DELHI - The United Nations Development Programme (UNDP) and World Health Organisation (WHO) Tuesday lauded the union budget, saying it would help achieve millennium development goals. We got to recognize that government of India has taken a strong step.
Top UN official lauds women's empowerment and representation in IndiaJuly 7th, 2009 NEW DELHI - Top United Nations official Deirdre Boyd on Tuesday said that women's political representation in the local bodies of India is more than the entire elected women representatives of the world. Deirdre Boyd, Country Director of the United Nations Development Programme (UNDP) in India, said this during a function to mark the release of 'The Millennium Development Goals (MGD) Report 2009' at New Delhi on Tuesday.
G5 launches website, presses for global reformsJuly 6th, 2009 NEW DELHI - Ahead of the G8 summit in Italy, External Affairs Minister S.M. Krishna Monday launched the website of the outreach partners, an important step that underlines increasing congruence among G5 countries which share common positions on key global issues.
Activists ask to 'Globalize Justice' during protest against IMF, World BankApril 27th, 2009 Activists protest against IMF, World BankWASHINGTON — Protesters upset with how world leaders have handled global economic woes have completed their rally near the World Bank and International Monetary Fund meetings in Washington. Dozens of demonstrators marched several blocks Sunday afternoon from Dupont Circle to a park across from the World Bank building.
Indian economy to grow between 6.5 to 7 pc: Montek Singh AhluwaliaMarch 27th, 2009 NEW DELHI - Deputy Chairman Planning Commission Montek Singh Ahluwalia today said that the economy will pick up in the second part of the fiscal and will grow between 6.5 to seven per cent. Participating in the annual CII Conference here, Ahluwalia said that more fiscal and monetary measures might be necessary in future to achieve the growth target.
Fixed monetary policy not possible, says RBI chiefFebruary 9th, 2009 NEW DELHI - Reserve Bank of India (RBI) Governor D. Subbarao Tuesday said a fixed roadmap for monetary policy was not possible because of the 'uncertainty' at global level.
PM making better progress than expected: doctorsJanuary 24th, 2009 NEW DELHI - Prime Minister Manmohan Singh is making progress better than expected, doctors attending on him said Sunday, a day after he underwent a bypass heart surgery. 'His progress is better than we expected it to be and hope it continues at the same pace,' Sampath Kumar, who heads the 11-member team of doctors, told reporters.
Developing nations may be worst victims of economic crisis: PranabJanuary 5th, 2009 NEW DELHI - The global economic turmoil poses a grave threat to developing nations even though their contribution to the cause of the crisis is negligible, External Affairs Minister Pranab Mukherjee said here Tuesday. 'Given the magnitude of the global financial and economic crisis today, the developing countries may become its worst victims even though they were not the cause of the crisis,' Mukherjee said while delivering his address at the general session of the Afro-Asian Rural Development Organisation (AARDO).
Truckers threaten indefinite strike from Jan 5December 23rd, 2008 NEW DELHI - Truckers have threatened to go on a country wide indefinite strike from Jan 5 if diesel price was not slashed by Rs.8 a litre. Vinish Khanna, joint secretary of the All India Motor Transport Congress (AIMTC), which has called for the strike, told IANS that transporters were dissatisfied with the diesel price cut of Rs.2, announced earlier this month.