An annual meeting of Asian finance ministers and central bank governors in Hanoi is set to address the fate of 64 million people in the region on the brink of extreme poverty. They are the worst affected by soaring food prices, which have hit record highs in the first two months of this year. "The issue of food price inflation and food security will indeed be one of the key topics...

An additional 3 billion Asians could enjoy higher living standards, but only if Asia sustains its present growth momentum and addresses the challenges and risks facing the region, the Asian Development Bank (ADB) said in a new report on Wednesday. The draft report says that as the global economy's center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the...

United States has placed India, Pakistan, China and nine other countries on the top 'priority watch list' with regard to violations of intellectual property rights (IPR). America's trading partners on the Priority Watch List present the most significant concerns regarding insufficient IPR protection or enforcement, or otherwise limited market access for persons relying on intellectual property protection. Twelve countries-India, Pakistan, China, Russia, Algeria, Argentina, Canada, Chile, Indonesia, Israel, Thailand and Venezuela are...

To make storage space available for the fresh rabi harvest, the Union government has decided to allocate an additional 5 million tonnes of wheat and rice to the Below Poverty Line (BPL) population under the public distribution system (PDS). The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, cleared the Food Ministry's proposal at a meeting on Monday. The additional foodgrains will be made available from June 1 over...

An insecticide widely used in agriculture for pest control has become the latest hazardous chemical to be added to the United Nations’ list of persistent organic pollutants (POPs) targeted for elimination from the global market by next year, the UN Environment Programme (UNEP) announced today. Representatives from 127 governments meeting in Geneva from 25 to 29 April agreed to add endosulfan, an organochlorine insecticide, to the POPs list because it is...