Dip forecast in Andhras growth rate
While Uttar Pradesh and Karnataka are expected to do better during the current fiscal, gross state domestic product (GSDP) in Andhra Pradesh is expected to slip. The devastation caused by tsunami will also add to the state's woes during the current fiscal. According to Institute of Economic Growth's forecast for …
State of competition
When it comes to creating an environment conducive to growth, there are many lessons states can learn from one another. This is the essence of the State Competitiveness Report 2004 of the National Productivity Council. The report, which used 95 socio-economic and technological criteria rates states on five competitiveness factors: …
India seeks UN priority for developing countries
The government has said that the UN needs to bring more balance in its priorities in tune with the requirements of the developing countries. Foreign secretary Shyam Saran, while delivering a keynote address on the
First step to control: legalisation
Brazil's government is trying to resolve the conflict between indigenous communities and people involved in illegal mining activities in Indian reserves. It is submitting a bill to the Congress to make mining in these reserves legal. "The lawshould get through the lower house and the senate in 45 days,' Paulo …
Fuelling a change: Rural India lights up as conditions improve
Living conditions in rural India seems to have been improving in recent years as highlighted by the recent survey by NSSO. In terms of dwelling, a large number of katcha houses are being replaced by semi-pucca and pucca structures. Moreover, households are increasingly switching from biomass to cleaner fuels like …
Growth will come from central, eastern regions, says report
The India Development Report (IDR) 2004-05 has suggested it is time to shift the focus of growth-oriented publc policies to the central and eastern regions of the country on grounds of both higher growth and lower poverty. The Planning Commission should target 7% gross domestic product (GDP) growth rate during …
Committee on inter-linking of rivers set up
The Government constituted a high-level committee headed by the Water Resources Secretary to continue the consultative process on inter-linking of rivers (ILR) cocept. The committee will have Secretaries of Ministry of Social Justice and Empowerment and Environment and Forests besides 10 other well-known Environmentalists, social scientists and other experts as …
Mangalore to get Rs 25,000-crore SEZ soon
Industries Minister P.G.R. Sindhia said that the creation of a Rs 25,000 crore special economic zone (SEZ) in Mangalore following an agreement between Karnataka Government and ONGC would become a reality soon. The required notifications to be made by the Government fulfilling the formalities would be issued within three months. …
IMF writes off debt of 18 poor nations
Eighteen of the poorest nations will have their debts to the International Monetary Fund wiped out after rich countries bridged differences that threatened a pact first signed this summer. Leaders of the Group of Eight nations pledged at a July meeting in Gleneagles, Scotland, to cancel all debt owned to …
People get a chance to shape their destinies
Rural communities in Shivpuri and Guna districts a Madhya Pradesh will now have a chance to shape their own destinies by directly participating in preparing village development plans with a special focus on women and children. Shivpuri and Guna are two districts selected from the state to be covered under …
Prez wants 7 missions for Mizoram
President APJ Kalam mooted seven key missions to transform Mizoram into an economically developed state, contributing to national prosperity. Addressing the legislators at the State Assembly in Aizawl President spelt out seven major mission programmes, which they could take up for developing a sustainable economic infrastructure and livelihood. There are …
Nothing rural about these jobs
Rae Bareilly, the constituency of United Progressive Alliance (UPA) chairperson Sonia Gandhi and Vaishali, that of rural development minister Raghuvansh Prasad Singh, figure in the first list of 150 districts identified in the National Rural Employment Guarantee Bill-2005. Other high-profile ministers whose constituencies have been covered under the landmark Bill …
88% of fiscal deficit goes into subsidy: Report
Over 44 % of the central government's annual revenues go towards meeting its subsidy bill, according to a report prepared by the finance ministry on the subject. The report "central government subsidies in India', tabled in Parliament by finance minister P Chidambaram, says almost 88% of the fiscal deficit goes …
India may emerge 3rd largest economy by 2020
India can attain a higher GDP growth of 7-8% to become third largest economy after US and China by 2020, if reforms are pursued more aggressively, according to Deutsche Bank chief economist Norbert Walter. "The continuation of the reform process will allow India to stay on a high growth path …
YSR to review irrigation projects
After palle baata and nagara baata, it is now project baata for Andhra Pradesh chief minister YS Rajasekhara Reddy, who believes in redressing peoples' problems through mass contact programmes. As part of this new programme, Dr Reddy has decided to visit all the proposed major irrigation project sites in the …
Aussie gold bugs target china banquet
Australian firm Michelago has enlisted the tiniest of partners -- sulphur loving bacteria -- as it invests in China, the world's fourth largest gold producer. The bacteria can process refractory ore, common to China, in which gold locked in with sulphur and arsenic cannot be efficiently recovered through conventional cyanide …
Plan panel, ministry want Centre to fund select irrigation projects
The Planning Commission and water resources ministry want the Centre to fully fund select major irrigation projects to ensure speedier completion. A recommendation to this effect is to be made in the mid-term appraisal, now under preparation at the Planning Commission. There are about 160 major irrigation projects, which include …
Sombre advice
The theme of this year's World Development Report (WDR),
World will be poorer in 2025 but India to buck trend
By 2025, global wealth will decline sharply by about $31 trillion, from $85 trillion currently to $54 trillion, registering a fall of 36%, according to McKinsey. While Japan, US and Europe will witness a decline in wealth, India and China will witness an increase in financial assets. All over the …
