RIO DE JANEIRO: Making a strong pitch for removing poverty in India and reminding the developed world of its commitment to sustainable development, Prime Minister Manmohan Singh on Thursday called for setting up a global system that allows each country to develop according to its own priorities. "For developing countries, inclusive growth and a rapid increase in per capita income levels are development imperatives," the Prime Minister said in his...
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Govt writes to state CMs for FDI in multi-brand retail
-The Times of India The government is moving swiftly to build a consensus over the move to allow foreign investment in the multi-brand retail sector with the commerce, industry and textiles minister Anand Sharma writing to three key state chief ministers of Uttar Pradesh, Punjab and Odisha to seek their support. Sharma has been trying to build a consensus and has met several chief ministers to draw their support to the move....
More »India has reasons to smile after G-20 summit -TCA Srinivasa-Raghavan
-The Hindu India has reason to come away feeling pleased with the outcome of the seventh G-20 summit, which concluded in Los Cabos on Tuesday. First, Prime Minister Manmohan Singh ticked the Europeans off for landing themselves and the world economy in such a big mess and then expecting handouts from even poor countries. Second, the Prime Minister’s consistent stand, that growth and austerity have to be combined, has also finally found...
More »Carlos Sere, Chief Development Strategist at the International Fund for Agricultural Development (IFAD) interviewed by UN News Centre
-The United Nations World leaders, along with thousands of participants from governments, the private sector, non-governmental organizations (NGOs) and other groups will come together from 20-22 June in Rio de Janeiro, Brazil, to take part in the UN Sustainable Development Conference (Rio+20). In our Seven Issues, Seven Experts series UN officials tell us more about the key issues that will be discussed during the conference and how we can contribute to make...
More »Indians 55th biggest clients of Swiss banks
-PTI Indians' money in Swiss banks may have risen for the first time in five years, but they account for a meagre 0.14 per cent of total foreign wealth deposited there — putting India at 55th place internationally for such funds. The total overseas funds in Switzerland's banking system stood at 1.53 trillion Swiss francs (about Rs 90 trillion) at the end of 2011, which included 2.18 billion Swiss francs (Rs 12,700...
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