Economy

Sub-Saharan Africa’s Economic Outlook 2025: Navigating Uncertainty and Aligning Policy for Sustainable Recovery

The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …

Housing scheme for the poor in Karnataka

To commemorate the golden jubilee of the formation of Karnataka, Chief Minister H.D. Kumaraswamy on Tuesday announced a "Suvarna Vasathi" (golden housing) scheme for providing houses to the poor and a "Suvarna Gramodaya" scheme to bring about a qualitative change in the life of rural people. He utilised his first …

65 model villages coming up in J&K

Sixty five model villages are under construction under the Prime Minister's Reconstruction Programme in Jammu and Kashmir, an official spokesman has said. He said so far Rs 5.05 crore have been spent on these against an allocation of Rs 36.80 crore.

Focus on least developed countries, India told

The efforts made by India to extend the development package being worked out for least developed countries (LDCs) to include issues of concern to developing countries may draw a blank at the on-going ministerial negotiations of the World Trade Organisation in Hong Kong. While developed countries, especially the European Union, …

Bengal annual Plan outlay fixed at Rs 8,024 crore

The Annual Plan outlay of West Bengal for the next fiscal year 2006-07 has been fixed at Rs 8,024.36 crore, inclusive of additional Central Plan assistance of Rs 100 crore for priority schemes of the State, at a meeting between the Planning Commission Deputy Chairman, Dr Montek Singh Ahluwalia, and …

Bengal ready for FDI in power, consultants: CM

West Bengal Chief Minister Buddhadeb Bhattacharjee gave the Planning Commission outline of the state government's reform measures in sectors ranging from education, power to development of Sunderbans by the state government. Bhattacharjee was discussing the plans to firm up the state's annual plan for 2006-07.

Govt to ban LGV entry during peak hours

The Delhi government has decided to ban the entry of three-wheeler Light Goods Vehicles (LGVs) in the city during peak hours. A notification in this regard will be issued over the next two days.

In EU, British hold out for farm reform

Britain's latest proposal for resolving the EU budget dispute was immediately rejected on Wednesday in a critical onslaught by France, Poland and other countries that sets the stage for a bitter clash at the Union's two-day summit meeting that begins here on Thursday. The summit meeting is intended to chart …

India Inc to get village call from PM

The Corporate sector is all set to get a call to increase its stake in the development of the country's rural sector. Prime minister Manmohan Singh is likely to announce a scheme for the development of model villages with more than 50% scheduled caste (SC) population. The announcement about the …

The other food crisis

There is so much about rural India that escapes notice that one more area of neglect will not break the camel's back. I am talking about the crisis of fodder for livestock. A grim silence surrounds it. 'Grim', because in rural India, domestic animals aren't 'pets' but engines that drive …

Nabard allocates Rs 538 cr for investment credit refinance in TN

The Tamil Nadu regional office of the National Bank for Agriculture and Rural Development (Nabard) has allocated Rs 538 crore for the state and Rs 11 crore for the Union territory of Pondicherry for disbursement of refinance to various agencies for investment credit in 2006-07.

Move to implement rural schemes via panchayats

The Centre, in cooperation with the states, is planning to implement all rural development schemes through village local bodies. A substantial progress in this direction is likely to take place in the 11th Plan period that begins from April 1, 2007.

Pesticide residue: Indian grapes pass UK test

For those concerned over higher pesticide residue levels in various food items, here is something to cheer about. Indian grapes being exported to the European countries have got a clean chit. Pesticides Safety Directorate (PSD), an agency of the UK Department for Environment, Food and Rural Affairs, has come out …

HUDA model body planned for rural areas

Haryana Chief Minister Bhupinder Singh Hooda on Tuesday disclosed that he was planning to set up a Haryana Rural Development Authority (HRDA) on the pattern of the Haryana Urban Development Authority to ensure overall development of rural areas.

Wages under Grameen Rozgar Yojana to be hiked

The Ministry of Rural Development has decided to increase the cash component of the daily wages under one of its important programmes Sampoorna Grameen Rozgar Yojana (SGRY).The decision to increase the cash component has been taken keeping in view the limited availability of food grains during 2006-07.

Rural areas ignored in UDM notification: MCD panel chairman

A day after it approved the commercial and mixed land use of about 2,000 roads across the Capital, MCD Standing Committee Chairman Jai Kishan Sharma expressed his concern over the non-inclusion of rural villages in the notification issued by the Central Government last week. Besides MCD Leader of the House …

Centre fund for rural development

The Ministry of Rural Development has released Rs 4,401.57 crore to the states for implementation of the National Rural Employment Guarantee Act (NREGA) during the current financial year.

haryana mulls over setting up rural development authority

Haryana Chief Minister Bhupinder Singh Hooda disclosed that the government was considering a plan to set up a Haryana Rural Development Authority (HRDA) on the pattern of Haryana Urban Development Authority (Huda) to ensure overall development of rural areas in the state.

Problem's with CSE not colas: Singla

"Coca-Cola is the safest drink to drink in Punjab," Punjab Finance and Health Minister Surinder Singla said today. "No need to ban Coke or Pepsi in the State," he added in the next breath. Addressing a press conference in Chandigarh, Singla said, "Sunita Narain, the chairman of Centre for Science …

Suvarna Gramodaya to take off on Oct 2

The Karnataka government decided to advance by a month, the launch of its ambitious programme - 'Suvarna Gramodaya' for integrated development of all the villages. The programme will now take off on October 2 instead of November 1 as announced earlier.

Banning colas will send wrong signals: Assocham

The Associated Chambers of Commerce and Industry of India (Assocham) has come out against banning the production and sale of Coca-Cola and Pepsi by the Kerala Government. Calling it an "extreme act", it feels that the move would send wrong signals to global investors keen on investing in the State. …

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