Business Standard
Wednesday, Jan 07, 2009
drived banner
drived banner
  Site Map | Feedback Advanced Search   RSS | Blogs
| | | | | | | | |
Home > Economy & Policy Live Markets | Smart Portfolios 
  Search: Google

India asks UNGA to lead in setting global agenda
Press Trust of India / United Nations November 21, 2008, 14:08 IST

Asking the UN General Assembly to take lead in setting the global agenda, India has asserted that the 102-member world body's position as the chief deliberative, policy-making and representative organ of the United Nation must be respected in letter and in spirit.     

 
 
News Now
Paper
Specials
- Sensex ends in green on late rally; Grasim, ACC soar
- FII-TO-FII TRADES: TV 18 traded at 7% premium
- India losing Rs 10,000 cr daily due to strike
- No more sops for auto industry: govt
- Aegon Religare to invest Rs 120 cr in six months
- Taro board trying to protect promoters' interests: Sun
More  

Participating in the debate on the revitalisation of the Assembly yesterday, its delegate Tiruchi Siva, MP, said it must also use its powers decisively especially in the economic matters.     

He said the benefits of involving the General Assembly in international economic governance have been made evident during the current financial crisis.     

"A section of its membership drawn from the global South has consistently pointed out that economic orthodoxies proposed by a group of nations have grave shortcomings," he said, adding that these fears, often voiced in this Assembly and its Committees, have been validated by recent events.     

The crisis has also underscored the importance of giving a representative body such as the General Assembly a much greater say in shaping the international economic and financial architecture, particularly in the reform of the Bretton Woods Institutions, Siva added.     
The debate is being held in the backdrop of the criticism of the Security Council by several members, including India, for trying to arrogate to itself the issues that are in the domain of the Assembly. These include the economic issues.     

The Council is supreme in issues of international peace and security but several members feel that it has been discussing problems which do not fall into that category by merely saying that they pose threat to international peace and security.

  Read Business news in 
  Get Home Loan Counselling From HDFC - click here to know more.
  HP 2133 Mini Note PC: Mini in size, Max in performance
  Win a trip to the Malaysian Grand Prix - click here to know more
  India's premier online business magazine
  Free E-book on The Future of Business Intelligence
Share this Story  
 
 
Discussion Board / User Comments
Display Name  
Post your commentMax limit:500 characters 
Most Popular
Read
E-Mailed
Commented
   
- RIL gives in to US pressure, stops gasoline to Iran
- More lending rate cuts in Feb
- How Dish TV is striving to stay ahead
- Kolkata's runway dreams
- Q3FY09: The party's over
 
 
 More  

BS Poll
Cast Your Vote
 
   
 
Should a company focus on core competence over diversification?   Read the story
  Yes  No
Submit


   Hot Searches  
 
Mumbai Terror Attack |  CitiBank  |  Omar Abdullah  | Playstation 3 |  Reliance |  RBI |  Chidambaram |  Jet-Kingfisher |  Gold  |  India US Nuclear Deal |  Ratan Tata |  Singur |  Bailout plan |  ICICI |  Satyam  |  6th Pay Commission |  B-School |  Mukesh Ambani |   |  Chandrayaan |  DLF |  Ranbaxy |  Sensex | Tax calculator |  Anil Ambani |  Infosys  | Home Loan  | Bollywood | Subprime Crisis | Personal Finance |  inflation | oil prices | CitiBank  | Madoff | KV Kamath | Chanda Kochhar  

 
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com