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 …

Himachal assures faster clearance for projects

The Himachal Pradesh Chief Minister, Mr Virbhadra Singh, has emphasised the need for setting up industries in the interior area of the state where adequate infrastructure facilities have already been provided.

India 2nd last in globalisation index

India is shinning away but not enough of the glitter is going out into the world ast large because of weak linkages with the global economy. The country has slipped four positions from a year ago to be ranked a poor last-but-one on the globalisation index (2004) of management consultant …

An uplift for rural India

The strength of microfinance organisations (MFOs) in India lies in the diversity of approaches and forms. Carried out by the alternative sector, dedicated NGOs reach out to the poorest of the poor in far-flung villages. Most NGOs depend on donations, but this is not adequate. When MFOs reach out to …

Africa stuck in commodity trap, says UN

Most African countries are boxed into a commodity trap that condemns them to poverty and indebtedness, a United Nations study said as it called for new international commodity initiatives to set the continent on a sustainable growth path. The UN Conference on Trade and Development (Unctad) said sub-Saharan Africa's dependence …

Jaswant spreads `feel-good` message

Finance Minister Jaswant Singh claimed that micro economic fundamentals in the country were currently stronger than anytime during the past fifty years. Talking to mediapersons here, he said GDP was going to be 8.9 per cent during the last quarter of the year and inflation rate is constantly between four …

Regional Saras 2004: a perfect opportunity for rural craftsmen

For the first time in Assam, the rural wondercrafts will blend with those from the rest of the Indian States to present an exquisite range of products created by the magical hands of rural artisans in the "Regional Saras 2004" at the Assam Engineering Institute playground here from February 25 …

Rajkot dist panchayat passes Rs 251-cr budget

Rajkot district president Dahyabhai Patel of the Congress got passed the civic body's Rs 251-crore budget in the general board meet. The budget focuses mainly on funds for irrigation, construction activity and family planning.

All shine, no money for rural India

"Government Cheating" instead of "India Cheated" could perhaps be a more appropriate punch line for the Congress in countering the Vajpayee government's "India Shining" campaign. The Rs 50,000-crore farm and rural infrastructure fund, that forms the basis for the government's make-believe world of India's 650 million farmers and rural folks …

Bangladesh , the new answer to development in NE

Bangladesh is now being projected as a key to the development of the North-East as trade experts and industry captains focus on the country to develop trade ties. "There are historical, physical and economic trade advantages between Bangladesh and North-East India. It will help North-East India grow and the region …

For Punjab, 2004 is year of `Education & Health`

The Punjab Government today declared 2004 as the year of "Education & Health for all" to commemorate the 500th anniversary of the second Skh master, Guru Angad Deve. The decision was taken at the second meeting of State Advisory Committee on celebration of historic events this year.

NE Centres priority agenda: Sikdar

Union Minister of State for Development of North Eastern Region (DONER), Tapan Sikdar said the Vajpayee-led Government at the Centre was committed to the speedy development of the region. The enormous potentiality of the state would be tapped through speedy development of air, road, rail and telecommunication connectivity as instructed …

Cabinet meet to clear major proposals

In what would possibly be the final approvals by the BJP-led NDA Government before the poll dates are announced and the code of conduct comes into place, the Union Cabinet is scheduled to meet to clear some of the major proposals that have been pending still. Also on the agenda …

Plan panels growth projection now reality

Planning Commission Deputy Chairman K. C. Pant said its projection of 8.0 per cent GDP growth, which was initially laughed at by many in this country, is now a reality.

WB to support Indias e-governance plans

After extending its financial support for India's development programmes particularly in the area of social infrastructure, the World Bank has now decided to support the country's e-governance initiatives. As part of this programme, the bank has approached the finance ministry to negotiate on modalities for extending loan assistance to implement …

Shinde unveils Rs 888 cr development package

A month ahead of a three-day special Maharashtra Legislature Session convened to seek a Vote-on-Account, the Sushil Kumar Shinde Government unveiled development packages, collectively amounting to Rs 888,28 crore, for Marathwada and Konkan regions. While the Marathwada package is worth Rs 588.28 crore, the Konkan package amounts to Rs 300 …

Globalisations like a clock ticking: EU

Visiting Irish foreign minister Brian Cowen doesn't look like one who bangs his fists in despair. "Globalisation,' he said, "is like a clock ticking by, it will go on.' That's because "at the end of the day, business will go where business is best done.' Cowen, who holds the presidency …

Rs 81-cr PM`s package for rural development in Kashmir

A fabulous sum of Rs 81 crores has been allocated under the Prime Minister's package for the Rural Development works in Kashmir Division, disclosed Minister for Rural Development, Peerzada Mohammad Sayeed at a meeting.

Brown seeks backers for scheme to boost development aid funding

Gordon Brown, Britain's finance minister, will try to muster further international support for his plans to double the amount of development aid the world's richest countries give to its poorest. It will be attended by representatives from the Group of Seven leading indusrialised countries, as well as the International Monetary …

Aim for change

Development seems to have bypassed Gosainpura village, though it is just 18 km from the district headquarters of Tikamgarh forcing its residents to ask even complete strangers to "Please help us. We have no power, no medical care for our children and no job opportunities... " "So what are you …

Downslide Down Under

The ongoing drought in Australia has widened the trade deficit of the country. Rural exports have been hit as the rising Australian dollar has made imports cheaper. Analysts do not see a change in the situation until there is an improvement in the agricultural sector and growth stimulation in the …

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