ADB to lend $100 million for China water project
Asian Development Bank, the Manila-based lender, said it agreed to provide a $100 million loan to help finance a project to upgrade the wastewater treatment and sewerage system in the northeastern Chinese province of Jilin. The 25-year loan will help cover the total $232.2 million cost of the project to …
Sliver of hope for global trade deal
Ministers from the world's largest trading nations ended a crucial meeting on Wednesday with a sliver of hope that a framework for a new global trade deal could be agreed in time for a make-or-break December summit in Hong Kong. Bo Xilai, China's commerce minister, who chaired the meeting at …
Govt confident of raising Rs 6,500 cr for Mission 2007
Having allocated Rs 100 crore through Nabard for connecting 10,000 telecentres across the country, the Government today indicated that it would find "ways and means" to meet further fund requirement for Mission 2007, a project aimed at setting up knowledge centres in 600,000 villages. Speaking at convention of the National …
`Village knowledge centres vital for rural development`
As part of efforts to create a massive network of information kiosks in 6 lakh villages in India by August 2007, the National Alliance on Mission 2007, aimed at ushering in ICT-led development in rural India, has outlined its plans to connect 2.4 lakh panchayats in the first phase. "Village …
Nabard to help 3cr families
The National Bank for Agriculture and Rural Development, or Nabard, now aims to cover 3 crores rural families by linking 2 million self-help groups, or SHGs. For the current year (2005-06), a target of credit linking 2.5 lakh SHGs has been envisaged by the bank. While 50 per cent of …
Clashes mark start of G-8 Gleneagles summit
Angry anti-globalisation protesters fought running battles with the police as leaders of the world's richest nations gathered in the picturesque Gleneagles estate, near Edinburgh in Scotland, on Wednesday for a summit seen as a test of their political will to deliver on their pledge to alleviate poverty in Africa
Rich nations getting richer, says UN report
Average income and military spending in the world's wealthiest nations have jumped in the last 15 years, but foreign aid is down, the UN Development Program said. The figures appeared on the UNDP web site a day before the start of the G-8 summit in Scotland, and were meant to …
WB okays Rs 1,650-cr project
The World Bank has cleared the Rs 1,650-crore Third Tamil Nadu Development Project (TNUDP-III), for which it has sanctioned $300 million (Rs 1,305 crore).Among other things, the project will fund water supply and sanitation schemes, laying of underground sewerage lines, storm water drains and roads, solid waste management and street …
Ministry for expansion of Bharat Nirman
The rural development ministry has asked the Centre to consider funding 60 lakh additional houses over the next four years under the Bharat Nirman scheme over and above the approved programme for 60 lakh houses. This would call for an additional annual expenditure of Rs 2,843 crore. In a recent …
Europe must do more for its neighbor
Europe is already taking a lead, both giving opportunities to African countries and support to ensure that they can make the most of them. Europe is the biggest aid donor in the world, and the world's most open global trading bloc, importing two times more from Africa than the rest …
Indias debt position is still precarious, says UN report
India continues to maintain eighth slot among top ten debtor countries with a debt to gross national income (GNI) ratio of 22%, according to a recent finance ministry report. The ratio, which shows the magnitude of external debt to national income, India's 22% was the second lowest after China (15%) …
Godavari Project to slake city thirst
In three years from now, drinking water will be aplenty in Hyderabad. The water board is planning to take up the Godavari Water Project besides speeding up works relating to Phase-II of the Krishna Water Project.The new project envisages lifting and pumping of Godavari water from Mid Manair Dam in …
Indian economy will overtake Chinas in long run: report
In the long run, India will overtake China in economic growth owing to home-grown entrepreneurship, stronger infrastructure to support private enterprise and companies which compete internationally with global firms, a media report has claimed. The report, written by Yasheng Huang, associate professor at the Sloan School of Management at the …
NDC `endorses` 10th Plan Mid-Term Appraisal
The first meeting of the National Development Council (NDC) convened by the United Progressive Alliance Government gave "a broad endorsement of the Mid-Term Appraisal of the 10th Five Year Plan as a "roadmap for policy".It also set up two sub-committees on evolving a workable agricultural strategy and relieving the acute …
8 pc growth unachievable by 2007, says PM
The two-day meeting of the National Development Council (NDC) began in New Delhi with Prime Minister Manmohan Singh saying in no uncertain terms that the economy would not achieve 8 per cent growth as was originally projected. This is largely due to the particularly poor performance of the agriculture over …
WB agenda for development
Commending the Tamil Nadu Government for experimenting with public-private partnership in infrastructure finance and development, the World Bank has suggested putting in place a clear regulatory framework to support such partnerships.In its special report on Economic Growth and Poverty Alleviation in Tamil Nadu, the WB's Poverty Reduction and Economic Management …
Foundation laying on July 2
Union Minister T R Baalu, utilised the press briefing of the foundation stone laying ceremony of the Sethusamduram Ship Canal Project to extend an open invitation to AIADMK supremo and Chief Minister J Jayalalithaa to participate in the event slated to be held here on July 2.Irked by questions on …
WB pledges $32m grant
The World Bank (WB) pledged a grant of US$32 million to finance construction of essential road infrastructure in rural areas of Nepal. This is expected to address one of the country's main constraints to economic growth and poverty reduction: the poor access to markets and services needed by residents in …
