Ill-equipped to handle globalisation challenge
Karnataka has a special place in the Indian cooperative sector, as it is one of the first states to have started the movement. The first agricultural credit cooperative society in Karnataka started in a village called Kanaginahaala, Gadag district, in 1905. In the same year, a consumer cooperative society also …
25% annual growth in India-Asean trade: CII
With 25% annual growth in India-Asean trade over a couple of years, Indian business community is hoping that the volume of trade between the two regions would be more than double in the next five years and the country would be the biggest beneficiary. "At present India-Asean trade stands at …
Populism bad for financial of states : Montek
As state governments pester the Centre for more funds and debt waivers, Planning Commission deputy chairman Montek Singh Ahluwalia has a word of advice for them: Shun populism to recoup your financial health. Asking states to cut wasteful expenditure, Ahluwalia them to avoid popul ist measures like free power and …
PM envisions 7.5 pc growth in `India 2015`
During his keynote address on 'India: The next decade' during the ninth Indira Gandhi conference, the Prime Minister, Dr Manmohan Singh, spoke about his vision of 'India 2015' and spelt out the recipe to achieve his "modest" dream while warning the people of the pitfalls that stand in the way. …
Mulayams economic package for UP a political gimmick
Union minister of state for home affairs, Shri Prakash Jaiswal has termed the economic package demanded by the UP chief minister Mulayam Singh Yadav on Thursday as a political gimmick. "Mr Mulayan Singh must know that grant of an economic pacakage to other states on the lines of Jammu and …
Another Rs 33,000 cr to implement CMP
The National Common Minimum Programme, the UPA's manifesto, carries an expensive price tag. The Planning Commission estimates an additional burden of Rs 33,000 crore or more for implementation of the programmes mentioned in the NCMP in the next fiscal.
America must show its lasting interest in Asia policy
Barely three weeks after winning a fresh mandate, George W. Bush and his new foreign policy tem will have a chance this weekend to start shapping their second term priorities when the US president meets 20 other leaders at the annual Asia Pacific Economic co-operation summit in Santiago, Chile. A …
World Bank shief pledges $9 billion aid for India
Impressed by the joint presentations of four crucial ministers, the World Bank president , Mr James D Wolfersohn, today spoke of committing $9 billion over the next three years for developing the Indian economy.
Globalistion must focus on rural growth
Rural needs of India should be addressed in globalisation process if the country wants emulate the Chinese economic growth model, according to petroleum minister Mani Shankar Aiyar. He said excessive focus on development for urban elite, while neglecting rural populace in the march towards globalisation, would spell trouble for Indian …
Plan panel to finalise modalities for backward states fund
The task group of Planning Commission on redressing growing regional imbalances will firm up the modalities for operationalising the Rs 25,000-crore Backward States Grant Fund. The Fund, which was announced by finance minister P Chidambaram in his Budget speech in July, is expected to become operational in the next fiscal. …
Infrastructure development drive in villages
The "Gam Pubuduwa" (Village Re-awakening) (Sri Lanka) project launched by the Samurdhi and Poverty Alleviation Ministry under its Suwahas Jana Pubuduwa development program to upgrade the infrastructure facilities of 13,223 rural villages during this year has already commenced 12,447 infrastructure development projects in 12,447 selected villages countrywide, Samurdhi and Poverty …
TB reservoirs is full, but water release curtailed
The BJP district unit threatened to launch a stir if the Irrigation Department went ahead with a plan to intermittently release water from the Tungabhadra dam in Karnataka. The BJP argued that a proposed ten-day gap a month in the release schedule would leave farmers farthest from the reservoir with …
Competition will help transform India into developed nation
Competitiveness is the key factor to help in India's transformation to a developed nation, President APJ Abdul Kalam said. "Business symbolises competitiveness, competitiveness leads to economic growth. Compe-titiveness will be the single factor which will decide India's transforming into a developed nation,' the President said at the inauguration of annual …
Mega problem
the introduction of nanotechnologies could threaten markets for goods from developing countries, according to a presentation made at the recently held fourth World Conference of Science Journalists. The presentation was made by Pat Mooney, executive director of the etc g roup
World Bank forecasts 6-6.5 p.c. economic growth rate
The World Bank today forecast that economic growth would range between 6 and 6.5 per cent during the current fiscal as against the Government target of 8 per cent. The bank's projection is in tune with the latest assessments made by the Reserve Bank of India and the private credit …
DVC to relook at hydel projects in Bengal, Jharkhand
After nearly half a century, Damodar Valley Corporation (DVC) is taking a relook at the hydel power generation potential in its designated catchment area, spreading over West Bengal and Jharkhand. The corporation recently appointed the Central Water Commission of India (CWC) for a comprehensive study of the Damodar river valley …
Use foreign exchange reserves to finance development
Infrastructure is essentially of two kinds. One, such as power, highways (excluding rural roads) and ports, which are financiable on a recourse to project basis, while others, such as irrigation, drinking water, rural roads, primary education and health unlikely at present, to be privately financiable.In the first category, the key …
Delayed mop
Asking the public to pay more for anything basic is not the best way for any leader to make herself popular; more so when payment has to be made to a monopoly supplier. Which is why the chief minister of Delhi needs to be commended for announcing a coming hike …
