A damaging World Bank report
THE World Bank's development policy review report on India titled Sustaining Reform, Reducing Poverty, dated July 14, has been put under the public scanner by a whole range of interests, the official point of view being that the report does not say anything damaging about the condition of the economy …
Andhra Pradesh puts hold Telugu Ganga water release
The Andhra Pradesh Government has indefinitely postponed the release of water to Chennai city from the Telegu Ganga, with the storage of all reservoirs serving this canal project remaining absymally low.
MP finalises 8-point plan
The Madhya Pradesh Cabinet has finalised an eight-point action plan, including free education, for all round development and welfare of minorities. The state cabinet had envisaging special schemes for educational, social and economic development of these communities, besides providing better health facilities and job opportunities, an official release said.
Chhattisgarh investiment plans
The Chhattisgarh government has received an investment proposal of Rs 60,000 crore during the past two years, according to official sources. More than six industries having an investment of more than Rs 12,000 crore had been established during this period.
Bill in conflict with present policy: Expert
The Delhi Cooperative Societies Bill which will be presented in the Assembly during a special two-day session, is being questioned for being in conflict with the existing land policy and for discriminating against the poor. Once the Bill is passed, Delhi will have one policy for those who live in …
Punjab`s Annual Plan fixed at Rs. 2,822 crores
Punjab's Annual Plan for 2003-04 has been approved at Rs 2,822 crores, lower than the Rs 3,200 crore Plan proposed by the Punjab Government. The sanctioned Plan includes a one time additional Central assistance of Rs 20 crores.
Cooperative bill passed by Cabinet
The Delhi Cooperative Societies Bill, 2003 was unanimously passed by the Delhi Cabinet. The Congress-led Delhi government has also called a special session of the Delhi Assembly to pass the bill. After passing the bill in the Assembly, the government will send it for presidential assent. While the new act …
North Korea talks likely in early September - Kyodo
China and the United States are likely to hold talks with North Korea on its nuclear program in early September, but Pyongyang must agree to immediately include Japan and South Korea for the negotiations to proceed, Kyodo news agency reported. The Japanese agency quoted a senior U.S. official as saying …
Orissa plan pegged at Rs. 3,200 cr.
Orissa's Annual Plan for 2003-04 has been finalised at Rs 3,200 crores. This was decided in a meeting in New Delhi between the Deputy Chairman of the Planning Commission, K.C. Pant, and the Orissa Chief Minister, Naveen Patnaik.
FDI inflow low for lack of level-playing field: World Bank
The World Bank has warned that inadequate implementation of many key reforms to create a level-playing field for both foreign and domestic investment, coupled with slow progress in trade policy reforms is inhibiting industrial sector performance. In its report
Orissa annual Plan fixed at Rs 3,200 cr
The annual plan of Orissa for the current fiscal has been fixed at Rs 3,200 crore here at a meeting between the Planning Commission Deputy Chairman, Mr. K.C. Pant, and the Chief Minister, Mr Naveen Patnaik. In his remarks, Mr Pant said the Union Cabinet has approved inclusion of a …
TDP creates ruckus in House over illegal dams
The Telugu Desam Party (TDP), a key ally of the NDA, created ruckus in the Lok Sabha by storming into the Well twice demanding that construction of illegal dams across upper Thunga basin by the Karnataka Government be immediately stopped. The TDP which moved an adjourment motion in the Lok …
Forget WB, get set for bumper year
The World Bank has accused India of jettisoning tough economic reforms and embracing populism. India has been also warned of an impending economic crisis arising out of a supposedly precarious state of public finance.The reality might be very different. Leading economic think tanks have predicted a GDP growth of between …
PM eye on tenth plan agenda
The Cabinet Committee on Economic Reform (CCER) will monitor implementation of Tenth Plan priority agenda to accelerate economic growth rate to 8 per cent in the plan period. The CCER will do so by pushing a set of policy agenda to expedite reforms in critical sectors like labour, foreign direct …
Focus on rural development
The development of basic rural facilities would itself have created a large number of labour intensive jobs for the rural population and so it would have been the case in several other areas. The only remedy for this situation is to give a high priority to rural development programmes like …
Timely warning
The warning given by the World Bank on the impending dangers on India's economic front has come as a rude shock. The World Bank in its latest India Development Policy review has warned that the 8 per cent growth target for the Tenth Plan period will not be achieved without …
World Bank`s `tune of gloom` surprising
The Government expressed "surprise" over a World Bank report suggesting that India's fiscal situation was worse than that of many countries which faced macro-economic crisis and that its primary deficit and public debt were worse than 1991 levels when the country faced a major crisis.
Economy poised for recovery
The 2002 drought has once again demonstrated how critically dependent India's GDP growth is on agriculture, no matter the strides the country has made in industrial diversification and a vibrant services sector, which contributes more than 50 per cent to the overall output. In spite of a broad-based industrial recovery …
India progressing, but challenges remain: WB review
India has continued to make impressive progress in increasing incomes and improving living standards in the past decade says a World Bank review. The review, titled "India: sustaining reform, reducing poverty", says there have been significant achievements in areas such as per capita income, poverty reduction and literacy (particularly women). …
`Chicken and egg` problem
Every effort directed at improving the living conditions of the human race needs to be encouraged if only because, in the absence of such development, Planet Earth is doomed to faster degeneration and early extinction. Seen in this perspective, there can only be praise for those who thought up the …
