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 …

Orissa aims for 6.2% rate of growth

The Orissa government has decided to achieve a growth rate of 6.2% during the next five years, chief minister Navin Patnaik informed. He understood the need for concerted efforts to increase resources in the state for its social and economic development.

AP is most improved State

Andhra Pradesh won the prizes for most improved State and the most improved in respect of consumer markets at a Chief Ministers conclave.The awards were announced by India Today after assessing the States on various parameters.

Gujarat economically stronger despite crises: Report

Despite floods, cyclones, earthquakes and riots, Gujarat's race for prosperity has continued unabated and it has emerged economically stronger in the decade just gone by as compared to the decade ending 1991. This is indicated by teh first tranche of hte decennial census report made public at a press conference. …

Bill on green tax for old vehicles introduced

A Bill to revise motor vehicle tax for maxi-cabs, school and college buses and private service vehicles, to impose a new green tax on old motor vehicles and to levy a six per cent lifetime tax on certain four wheelers was among the Bills introduced in the Assembly. The Bill …

Mandsaur region in grip of severe water crisis

The residents of the Mandsaur town of Madhya Pradesh are facing a severe water shortage as the water level of the chief water source, Ramghat dam, has gone down to seven feet and merely eight lakh gallons of water are being supplied as supplied the demand of 16-18 lakh gallons.

Two Narmada project pumps to be changed

Two pumps of Narmada project running for years are being replaced by new ones by Indore Municpal Corporation which would cost around Rs 85 lakh. Installation of new pumps would ensure increase in the capacity which would also improve the water supply.

Sheila stresses waste not, want not water policy

NCT of Delhi has the highest per capita availability of water. It is also among the cities with the highest per capita consumption of water. So where does the problem lie? "The problem,"Chief Minister Sheila Dikshit acknowledged, "lies in the leakage/wastage of water which is as high as 40 per …

Budget Management Bill passed in Lower House

The Lok Sabha passed the significant fiscal responsibility legislation, aimed at eliminating revenue deficit by 2007-08. Though most members appreciated the need for the Fiscal Responsibility and Budget Management Bill, they had a lot to say about the mounting fiscal deficit and the finances of states. Finance Minister Jaswant Singh, …

More water trains to hit the rails

The Union Rural Development Ministry has decided to increase the number of trains transporting drinking water to 11 drought affected towns and 128 villages in Rajasthan this season in the wake of acute shortage of potable water.

Assam targets 4% growht rate

Assam has set a target of four to five per cent growth rate for the next Five-Year Plan period despite the near bankruptcy of the State Exchequer. "Although the Planning Commission had set a 6.2% growth rate target but the current funds allocation, the State could achieve anything between 4.4 …

Rs 2.6 cr for Nandyal town development

Nandyal Municipality in Andhra Pradesh has received Rs 2.6 crores for taking up development of road and drains in the town, according to Municipal Commissioner Rajendra Prasad. Addressing mediapersons he said that the state government had allocated the amount for the development of amenities in the town under the National …

`Future wars on water`

The water scarcity in twin cities of Andhra Pradesh cannot be attributed to the failure of rains, but it is a result of the erroneous water planning and resource expert Naram Krishna Rao. Other than exploiting the available sources, the successive state governments have failed to find out any alternatives …

Digvijay upset over CII report on MP

Madhya Pradesh chief minister Digvijay Singh seems to be deeply disturbed by a CII report which relegates MP close to the bottom in the socio-economic development index. The fact that it was prepared at the behest of the Rajiv Gandhi Institute for Contemporary Studies, a subsidiary of the Rajiv Gandhi …

GDP to grow by 5.7% this fiscal, says Icra report

Indian economy will grow this fiscal by 5.5-5.7 per cent with an upswing in agriculture as compared to an estimated 4.4 per cent growth in 2002-03, Icra said in a research report. The favourable economic conditions in India have the potential to ward off much of the adverse impacts of …

Rs 107 cr for uplift of poor

Punjab Social Welfare and Social Security Minister Joginder Singh Mann announced that Rs 107 crore would be spent on welfare schemes for the poor this year. He said this while addressing public meetings at Bhanoki, Chak Hakim and Panshta villages, according to a press note.

Tripura Plan pegged at 650 crore

The 2003-04 Annual Plan for Tripura has been fixed at Rs 650 crores during a meeting between the Deputy Chairman of the Planning Commission, K.C. Pant and the Tripura Chief Minister, Manik Sarkar. During the discussions, Mr Pant emphasised that the State would have to make special efforts to achieve …

5 crore jobs by 2007: PMO strives to fulfill PM`s dream

Visions of creating five crore employment opportunities by 2007, as draw up by Prime Minister Atal Bihari Vajpayee, would not see the light of day unless substantial hard work is executed on the ground. Mr Vajpayee himself is understood to be anxious on the follow-up being initiated by Central departments, …

Rs 856 crore for development of tribal areas

An amount of Rs 856 crore has been allocated for the development of tribal areas in Himachal Pradesh during the Tenth Plan. Out of this Rs 262 crore have been earmarked for the development of Bharmour and Pangi tribal areas. Stating this at a public meeting in Chaurasi Complex of …

Orissa` fiscal state `precarious`, says report

Orissa has set a high growth target of 6.2% per annum despite the economic fundamentals of the state showing no signs of a fast recovery and the fiscal position being "precarious", according to the Orissa State Development Report released. Chief Minister Navin Patnaik said the roadmap for state's development has …

Tension in Athani over release of water from Koyna

Tension prevailed for some time in Athani town in Belgaum district of Karnataka, following an incident of stone throwing during a group demonstration staging a road blockade in the town as part of their agitation demanding release of drinking water from Koyna reservoir in Maharashtra to Krishna river in Karnataka, …

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