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 …

A step towards bridging urban-rural divide

A one-day workshop on planning for the Provision of Urban Amenities in Rural Areas (PURA) under a Centrally sponsored scheme in 28 clusters of Rajasthan was organised here over the week-end to discuss the modalities of its implementation. The scheme will be launched in 5,000 rural clusters across the country …

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Can the Northeast become a trade hub?

The northeast would become India's economic bridgehead for trade with southeast Asia, Prime Minister A B Vajpayee has promised. He was addressing the chief ministers of the seven northeast states, rubbing shoulders with corporate honchos in Delhi at the Second North East Business Summit, January 21-22. The Centre declared that …

Wetlands are priceless

The first comprehensive report on the economic value of wetlands warns that resources and services amounting to us $70 billion per year will be in danger if the world’s swamps and marshes are not managed in a sustainable manner. “This figure is important, as wetlands are often perceived to have …

`Time ripe for India to join ranks of developed nations`

Bharat Uday Yatra has begun. But before the ace charioteer-turned-most profiled "passenger-on-bus" Deputy Prime Minister L K Advani set off on his nationwide tour, he coined a new slogan for his own yatra and also for the party - "India's time has come". He would sharply attack Congress, make an …

TDP manifesto focuses on rural transformation

The Telugu Desam Party (TDP) President, Mr N. Chandrababu Naidu, has said that the party would identify backward areas for focussed development and allocate Rs 60,000 crore towards transformation of rural economy and usher in green revolution. Road maps for the overall development of backward areas would be prepared and …

Naidu promises mega investment of Rs 60,000cr in rural economy

The Telugu Desam Party (TDP) has promised to invest Rs 60,000 crore in the next five years for the development of rural and agriculture infrastructure. Releasing a 40-page election manifesto for the forthcoming Lok Sabha elections, party supremo and chief minister N Chandrababu Naidu said that his government (if it …

DFID launches new aid project for 2004-08

The department for international development (DFID) of Britain has launched its new country assistance plan for India for 2004-08. The strategy, titled

Govt laying thrust on human devp indices: Gogoi

Assam Chief Minister Tarun Gogoi said that the State government has given major thrust on raising the human development indices in the state based on latest data. He said that the government has directed the deputy commissioners of all districts of the state to prepare vision plan for each district …

Let CEOs wear dhotis, kisanbhais pin-striped suits

A great deal has been written on bridging the divide between urban and rural India, but unfortunately, in actual terms this divide is increasing rather than diminishing. The reason: there is no identified party which sees a strong economic benefit for themselves in implementing such a change. The government would …

Norms for providing urban facilities to rural areas finalised

In order to give content and effect to the provision of urban amenities to rural areas as articulated by the President, Dr A.P.J. Abdul Kalam, early last year and which found its echo in the Independence Day address of the Prime Minister, the Government recently finalised detailed guidelines to the …

Nabard aid for Kerala

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 2.54 crore to Kerala under its Rural Infrastructure Development Fund IX (RIDF IX). According to Mr B. S. Shekhawat, Chief General Manager, Nabard, the funds will be utilised for implementing four drainage and flood protection projects in three …

Scale to measure village development

To help villages assess their development in terms of certain prosperity indicators, a Sonepat-based farmer, Amit Dahiya, has developed the "Interactive Development Index''. This index assess village development on ten parameters - land, people, productivity, employment, education, health, peace, responsibility, environment and excellence. "Usually, politicians promise the moon to farmers …

UN report hails India`s model of economic reforms

Members of a UN Commission on 'private sector and development' have commended the model of economic reforms followed by India which has led to multinational corporations becoming instruments of development along with domestic industry and entrepreneurs. In the developing world, some countries, like India, have been "very successful" in achieving …

UN report applauds Indian economic reform model

Members of a UN commission on private sector and development have commended the model of economic reforms followed by India which has led to multinational corporations (MNCs) becoming instruments of development along with domestic industry and entrepreneurs. In the developing world, countries like India have been "very successful' in achieving …

India will give $500 mn to West African nations

India announced a concessional credit facility of $500 million for economic, infrastructure and social sector projects in the eight, mostly French-speaking, West African countries linked to it through the TEAM-9 initiative. "We have decided to have a long-term and sustained relationship with the eight countries,' external affairs minister Yashwant Sinha …

Release of MPs` Local Area Development Fund banned

The Election Commission has imposed a blanket ban on any fresh release of the Member of Parliament Local Area Development Fund till the completion of the election process. This follows the announcement of the schedule for the Lok sabha elections and the strict enforcement of the model code of conduct.

Expressing financial viability

The cash strapped Maharashtra State Road Development Corporation's (MSRDC) efforts to privatise the state-of-the-art Mumbai-Pune Expressway (MPEW) has paid off with the emergence of Mumbai-based Ideal Road Builders as the highest bidder quoting Rs 918 crore. MSRDC was forced to go in for privatisation as the bleeding state-run undertaking had …

Urban facilities for villages of major towns under PURA in phased manner: Peerzada

Urban facilities would be provided to the villages in six-kilometre periphery for 14 major towns with Rs 5 crore for each village under a new scheme in Jammu and Kashmir. Provision of Urban Amenities in Rural Areas (PURA) for development of rural clusters around all the important towns in a …

Taking the plunge

a new plan has been floated as a part of Bangalore's ongoing lake revival project. It envisages leasing out 23 lakes in Karnataka's capital to private and public agencies for maintenance and development. The success of the scheme depends on the interest evinced in the work by corporate houses as …

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