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 …

Ministries eye Rs 1,400 cr bio-diesel fund

Even before the national mission on bio-diesel takes off, the ministries of agriculture and rural development are vying for control. At stake is a corpus of around Rs 1,400 crore, which the Planning Commission will allot to the mission on bio-diesel. The earlier NDA government had designated the ministry of …

Announces mega package for Himachal

Prime Minister, Manmohan Singh today announced a direct financial assistance of over Rs 1,125 crore under various schemes. He also gave nod for several big and small projects involving an investment running into thousands of crores of rupees.He accepted the state's (Himachal Pradesh) demand for raising its equity share in …

Sending a message

European Union Trade Commissioner Peter Mandelson is fond of describing China's economic rise as

Poor get poorer as N Korea dabbles with capitalism

For a state the prides itself on its communist principles, North Korea is experiencing some decidedly capitablist inequality these days. While the market-oriented practices that have been taking hold I the reclusive state over the past three years have improved the lives of some North Koreans, they have mainly served …

Over half of rural India has access to electricity

More than half of rural India still depends on hand pumps for drinking water but over a half now uses electricity 26% have TV sets and 10% even have cable TV connections. But just 4% in rural India have a fridge. You're more likely to find a radio or tape-recorder …

Confederation to provide skill training to 5,000 youths

The Confederation of Indian Industry, southern region (CII-SR), will provide skill training to at least 5,000 youths from economically weaker sections to make them employable by April 2006. Another key initiative identified by the premier industry body for implementation this fiscal will be expansion of the HIV-AIDS industry intervention project …

Faster reforms will earn us our rightful place, says Manmohan

Prime Minister Manmohan Singh expressed the hope that the acceleration of economic reforms would lead to fast-paced development during the next four to five years and enable India to attain its rightful place in the world. Addressing a public meeting here after dedicating to the nation the six-lane Jaipur-Kishangarh expressway, …

African Development Bank seen as conduit for any extra aid to Africa

As momentum builds for an internationally backed blueprint for recovery in Africa, African governments are viewing their own development bank as a conduit through which increased funds could be managed. The UK

Action plan initiated for formation of 5000 SHGs in Sivasagar district

The National Bank of Agriculture and Rural Development (NABARD), Dist. Development Office, Sivasagar in Assam in coordination with the district administration organised district level strategy meet on self-help groups (SHGs) and Kisan Credit Card (KCC) schemes here at DC's conference hall, recently. The programme was attended by 40 officials representing …

Haryana`s Plan outlay fixed at Rs 3,000 cr

The Annual Plan of Haryana for the current fiscal has been fixed at Rs 3,000 crore at a meeting between the State Chief Minister, Mr Bhupinder Singh Hooda, and the Planning Commission's Deputy Chairman, Mr Montek Singh Ahluwalia. The Plan outlay for 2005-06 is inclusive of a one-time additional Central …

WEF report points to the great gender divide

A study by the World Economic Forum

Delhi sees GDP growth of 12 %

The Gross Domestic Product (GDP) of Delhi at current prices shot up from Rs 74,807 crore in 2002-03 to Rs 83,825 crore in 2003-04, indicating a growth of 12.1 per cent as compared to the growth of 11.7 per cent GDP at the national level. The GDP of Delhi indicates …

CAG report on GQ project based on gross generalisation: NHAI

The National Highway Authority of India (NHAI) has termed the audit objections raised by the Comptroller and Auditor General (CAG) on its Golden Quadrilateral (GQ) project, as

Wish upon a lake

The Controversies over the multi-crore Sardar Sarovar Project notwithstanding, the Gujarat government has dreamt up a mega dam project across the Gulf of Khambhat, to trap the waters of 12 rivers that flow into the Gulf of Cambay and create a huge freshwater reservoir. Supposed to end all Saurashtra's water …

Lok Sabha passes SEZ Bill

The Lok Sabha passed the Special Economic Zones Bill, 2005 after adopting an official amendment to drop the Bill's provision in granting flexibility in labour laws by the States in the proposed Central Act. The original Act in any case had no direct Central role in laying down labour policy …

New Reva to be launched today

Indian scientists have come up with an improved version of the indigenously produced electric car, Reva, the Science and Technology Minister, Mr Kapil Sibal, has said. The car was showcased at Monaco at an event and would be launched on the Technology Day on May 11. He added that "Microsoft …

SEZ Bill to create new mini Chinas in India

The Special Economic Zone Bill is likely to be introduced in Parliament on Monday. It is primarily an initiative to set up special economic zones, or SEZs, on the pattern of China, and is expected to act as a pacemaker for the globalisation of the Indian economy. As a strategy …

Lason works towards rural development

Lason India, a transactions processing BPO, has taken the first step towards creating a new self-sustenance movement in rural India, by taking its operations to a small village outside Chennai. This is the first instance of the BPO industry in India going rural. Lason India operates on a Business Associate …

Highs of the lowly trade $32 bn annually

Trading in human beings is not a thing of history books, it's a lucrative business which generates as much as $32 billion (approximately Rs 1,50,000 crore) of illegal profits per annum. The bulk of the profit, unfortunately, is generated in industrialised countries. According to an International Labour Organisation (ILO) report,

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