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 …

NABARD clears Rs 5.46 cr for State rural development

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 5.46 crore to Karnataka for various rural development projects.

Rs 1.92-cr grant for rural housing

The Ministry of Rural Development has released Rs 192.3 lakh as the second installment under the Indira Awas Yojana for rural housing to Jharkhand, Chhattisgarh and Uttaranchal.

WB report stresses on reducing fiscal deficit

The government should reduce primary deficit at the Centre and in states by carrying out tax reforms, reducing power sector losses and phasing out petroleum subsidies, said former World Bank vice-president Mark Baird. Releasing the World Bank's economic report, "India: Sustaining reforms, reducing poverty,' at the Assocham-NCAER forum, Dr Baird …

Report Shows Glaring Inter-district Disparity In TN

The proof of the pudding, as they say, lies in eating. And if Tamil Nadu chief minister J Jayalithaa has to keep her words about banishing poverty from the

Rs 100 cr spent on rural schemes every year

Himachal Pradesh Minister for Rural Development and Panchayati Raj Sat Mahajan yesterday stated that a total of Rs 100 crores wee spent in the state every year by the Central and the state govenments under different rural development programmes run in the state them.

HP to assess water needs in rural areas

With Himachal faced with perennial problem of drinking water shortage during the summers, the government has decided to conduct a state-wide survey to determine the requirement and supply status of drinking water in the rural areas.

Parliament nod for Freedom of Information Bill

Parliament approved the Freedom of Information Bill, conferring statutory right to the citizens to access information from the Government. The Rajya Sabha today passed the Bill through a voice vote after it negatived amendments suggested by the Congress member, Prithviraj Chavan. The Lok Sabha had passed the Bill earlier this …

ADB okays Rs 1,800-crore to State

The Asian Development Bank (ADB) today approved its first assistance of Rs 1,800 crore to support the 'Modernizing Govenremtn and Fiscal Reforms Programme' of the UDF Government.

4 states may get World Bank aid

The World Bank is likely to give structural adjustment loans to the Andhra Pradesh, Karnataka, Orissa and Tamil Nadu governments. These states have received approvals from the Centre, which will stand guarantee for the loans, as required for World Bank funds. The money will be used to help improve the …

JPC flays health ministry`s move

All members of the joint parliamentary committee(JPC) on standards in beverages and bottled water raised objections over the health ministry's draft notification which has set stringent standards for fruit juices and cola drinks following controversy over pesticides residue in cola drinks.

U.N. says `ozone hole` hits record size

The ozone hole over the Antarctic this year has reached the record size of 10.8 million square miles set three years ago, the United Nations' weather organization said. Measurements over and near Antarctica show that ozone decreased more rapidly this year than in previous years and that the size of …

Festive slash in cola prices

A customer walks into a sweet shop in Bhowanipore, West Bengal and asks for a glass of lassi. "Why buy a lassi for Rs 10, when you can get a Pepsi or Coke for only Rs 7?' suggests the shop owner. But doesn't the price tag on the bottle read …

Half a freedom

We need politicians who recognise that the issues of the 21st century are healthcare, education and the environment and not ideology or mythology. We have had poltitical freedom - if it means anything to an illiterate, destitute populace - but economic totalitarianism. Fifty-six years after independence is a good time …

Monsoon story

A watershed programme frees an Andhra Pradesh village from its dependence on the rains. It was in 1998 that a consortium of institutes led by ICRISAT stepped in to initiate watershed management and change the fortunes of 15,000 people living here. The programme also integrated central and state-run programes such …

Cola godowns raided in City

Bhopal Municipal Corporation (BMC) seized and destroyed over 50,000 bottles of cold drinks of expired dates by conducting raids at different godowns on Saturday.

8% growth to reduce poverty levels to less than 20%

Poverty levels in the country are expected to come down to less than 20% at the end of the 10th plan period. However this is subject to the country growing at projected 8% per annum, and more importantly, each state realising its individual growth targets.

Development of Hulhumale a huge project linked to Maldives future vision: Gayoom

President Maumoon Abdul Gayoom said that the development of Hulhumale was a huge project that was linked to the country's future vision. The President made this statement in his address at the inauguration of the Hulhumale Exhibition at Dharubaaruge in Male. Gayoom said that the development of Hulhumale was an …

WB workshop for Asian NGOs on Empowerment of the

"Learning Across Borders: Effective Partnerships for Empowering the Poor", the World Bank's capacity building program for Asian NGOs including NGOs from Japan, was held recently in Sri Lanka. During the workshop, the participants engaged with practitioners involved in participatory approaches for empowerment of the poor, learning from each others' experiences, …

Vast potential in Sri Lanka can create greater wealth

While pledging continued assistance towards Sri Lanka's peace, harmony and prosperity, the visiting Thai Prime Minister Dr. Thaksin Shinawatra yesterday stressed that there are many tiers of cooperation the two countries could engage in for the mutual benefits of both countries. Making a special address in Parliament, Dr. Shinawatra said …

10,000 houses for poor to be ready soon

The Union Minister for Urban Development and Poverty Alleviation, H.N. Ananth Kumar said that his ministry would construct an additional 10,000 houses under the Valmiki Ambedkar Awaz Yojana in all taluks in the Karnataka State. Addressing presspersons after laying the foundation stone for houses for the poor, to be constructed …

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