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 …

UPA to focus on farm, infrastructure

With the initial Government-making hurdles now behind it, the United Progressive Alliance (UPA) Government led by economist-politician Dr Manmohan Singh gets down to the brass-tacks, laying thrust on agriculture and physical infrastructure such as roads, airport and social infrastructure like education, employment and health insurance. Senior Government officials who prepared …

Plan to create four new DRDAs in State

The Assam State Government has submitted a proposal to the Centre proposing creation of four District Rural Development Agencies (DRDAs) in the four newly-formed districts with the objective of expediting the development process in these areas. Three of the four districts selected for the purpose are Chirang, Baska, and Udalguri …

HC quashes UP govt notification abolishing nine districts

In a major set back to the Mulayam Singh Yadav government in Uttar Pradesh, the Allahabad High Court quashed the notification abolishing the nine districts and four commissionerates created by the previous Mayawati government. The petitioners had challenged the government order abolishing nine districts and four commissionerates on the ground …

No privatisation of strong PSUs, says Manmohan

With coalition partners, including the Left parties, closely watching his every step, the Prime Minister-elect, Dr Manmohan Singh, on Thursday said that the United Progressive Alliance (UPA) Government would not privatise strong public sector companies (PSUs) and that the Government holding in public sector banks would not be allowed to …

Andhra in grip of financial mess

Andhra Pradesh, which is awaiting the formation of a new Cabinet almost, a week after the Chief Minister Y S Rajashekhar Reddy was sworn in, is in the grip of a precarious financial position. The new Government which has already announced sops worth about Rs 1,600 crore for the rural …

Water and votes

The reasons given by the Gujarat government for the urgent need to raise the Sardar Sarovar dam's height form a facade; the fact is that the dam is crucial to the BJP's election camapaign.

Bengals mixed grades in report

The first Human Development Report (HDR) sponsored by the West Bengal government was released that presented a mixed bag of

UNDP to develop Rajasansi

Rajansasi village 11 km from Amritsar, known for handmade carpets has been chosen for a project promoting rural tourism. The Rs 70 lakh project is being sponsored jointly by the United Nations Development Programme (UNDP) and the Ministry of Rural Tourism Development.

`Use divestment proceeds for rural development`

The Federation of Indian Chambers of Commerce and Industry (FICCI), in its 10-point plan for first 100 days of the new Government, has outlined the parameters based on which a clear-cut policy on disinvestment should be announced. The disinvestment target should be at least Rs 25,000 crore per annum and …

`Alternative strategy with focus on employment, pro-poor vital`

As the new coalition Government is set to assume power at the Centre, expert suggestions are that its economic policy must focus on a pro-poor approach to development, which should be able to enhance the capabilities of the ordinary people and help them to stand on their own feet. Towards …

Chamber for developing Bhiwadi industrial town

Bhiwadi will be on a roll, if suggestions of the PHD Chamber of commerce and Industry (PHDCCI) expert group on the

Getting rid of POPs

With the coming into force of the Stockholm Convention on Persistent Organic Polutants (POPs) from Monday, mankind has in place for the first time a legally binding mechanism to control highly hazardous chemicals, whose toxicity lingers long after their use. The convention intends to ban or severely restrict the production …

Water rationed in Shimla, suburbs

With the mercury-soaring high, water crisis has deepened to such an entent in the Queen of Hills that Shimla Municipal Corporation, which meet the water needs of nearly over one lakh population inluding those living in the suburbs on the municipal periphery, had resorted to rationing of water. Now, water …

Planting reforms in the earth

Among the security problems that dogged the latest general election, none was perhaps as widespread as that posed by the so-called Naxal menace. The Naxalite movement under various garbs and names today straddles nine states running north to south through parts of Bihar, West Bengal, Jharkhand, Chhattisgarh, Madhya Pradesh, Orissa, …

`Fiscal empowerment crucial for growth`

It is possible to look at the pace and content of disinvestments differently, Dr Bimal Jalan, MP and Former Governor of Reserve Bank of India, said while addressing the Federation of Indian Chambers of Commerce and Industry (FICCI) National Executive Committee members on 'Economic Agenda for the New Government' in …

Panchaj Abhiyan focuses on verification of schemes

Under the water conservation, education and sanitary (panchaj) drive awareness is being generated in villagers about these things and besides this works done earlier are being verified like below poverty line list of village in Madhya Pradesh.The drive primarily focuses on verification of schemes and various works done.

A credit card for development of the country

To fund community development projects in the country, the Standard Chartered Bank in association with Rotary International launched the Rotary International-Mastercard Credit Card. The credit card envisages funding social causes like eradication of polio, HIV/AIDS and several other diseases plaguing the country. Every time a card holder makes a purchase …

CM draws up 7-point development charter

Following drubbing in the just-concluded Lok Sabha elections, the Punjab Chief Minister, Capt Amarinder Singh, in a swift move, has drawn up a seven-point socio-economic development charter and re-prioritised policy programmes of his government.

`Manufacturing, farm growth to help services`

Indian Chamber of Commerce, Kolkata, in a research paper titled "Services sector: Propelling sustainable double-digit GDP growth", released here recently, has said that the services sector in India, which contributed to 51 per cent of nation's GDP in 2003, needs to grow between 12 per cent and 15 per cent …

It was always measly

India embarked on its present path of economic liberalisation relatively late. The infamous Manmohan Singh budget of 1991 set the trend that was followed in the following decade and a half. Among other things, liberalisation involved savage cuts in budgetary support to the health sector. In the last 15 years …

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