Washington India and China have made important in-roads into reducing poverty, a top International Monetary Fund (IMF) official said, adding at the same time with high growth, they have also seen rising inequality.

"India and China too have made important in-roads into reducing poverty. Yet, with high growth, they have also seen rising inequality. Those inequalities need more attention. So we need growth. We need equitable growth. We need inclusive growth," IMF Managing Director, Christine Lagarde, said.

Ireland's Mainstream Renewable Power and Chinese wind turbine maker Xinjiang Goldwind Science & Technology Co. have formed a 50-50 joint venture to build a 70 megawatt wind farm in Chile, the firms said on Monday.

Construction of the first 70 MW phase of the Ckani wind farm in northern Chile should start by the end of this year, and it has the potential to have a capacity of 240 MW capacity on stream by 2015, the companies said in a statement.

The value of the whole project is $480 million, while the first phase is worth $140 million.

India ranks a dismal 134 among 187 countries in terms of human development index in the UNDP's latest Human Development Report. BEGGING ON A busy street in Mumbai. According to the HDR, ending absolute deprivations could increase higher-order capabilities, expand people's choices and advance human development.

Lending credence to the Asia Pacific region’s importance in global emission trading market, the International Emissions Trading Association (IETA) launched the Annual Greenhouse Gas Market report for the first time at the Carbon Forum Asia 2011 in Singapore.

Featuring strategic white papers describing the policy developments and current emissions abatement programmes in over 29 countries, the report provides insights on the world’s engagement with climate change through pricing and market mechanisms.
clean development mechanism

Youth unemployment numbers are expected to dip slightly in 2011 compared to a year ago, but current economic uncertainty could spell ‘many more difficult years ahead’ for young people, the UN labour agency warned Wednesday.

‘The ILO projects a slight decline in youth unemployment to 74.6 million in 2011 from 75.1 million in 2010, and a miniscule decline in the youth unemployment rate from 12.7 to 12.6 per cent,’ said the International Labour Organisation in a report.

The Delhi Metro Rail Corporation (DMRC) plans to roll out eight-coach trains and start more six-car trips to meet increased commuter rush on its 190-km-long network.

The corporation has firmed up plans to invest . 3,000 crore to buy more coaches over the next two years. Of these, some of the coaches would be added to the existing four-coach trains to convert them into six-coach rails while others would be used for new trains. Each coach roughly costs . 7 crore.

FLIGHTS to and from Ireland and Scotland faced further disruption on Wednesday because of a cloud of abrasive volcanic ash drifting south from a volcano erupting in Iceland.

Cancun (Mexico): India and China will account for most of the growth in demand for oil this year, which is expected to rise by 900,000 barrels per day, even as oil exporters