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 …

BJP launches Gram Chalo programme

The Karimganj District BJP Committee recently launched

Rivers can be interlinked: study group

The Pune city based Study Group has said that inter linking of the Ganga and the Cauvery rivers could ensure abundant water supply to Maharashtra and other southern states.

Watershed development fund created in Nabard

Agriculture minister Ajit Singh has disclosed that a Rs 200 crore watershed development fund has been created in the National Bank for Agriculture and Rural Development (Nabard).

Diversion of Godavari to Yeleru suggested

Andhra Pradesh Congress committee president M Satyanarayana Rao and Congress Legislature Party leader Dr. YS Rajasekhar Reddy demanded diversion of Godavari waters to Yeleru canal to meet the drinking water and irrigation requirements of people in Visakhapatnam district.

AP seeks 37 TMC of water from Almatti reservoir

After losing hope for any further rain to overcome severe water shortage in the wake of the worst drought in the recent past in the Andhra Pradesh state, the state government is seeking water assistance from the neighbouring Karnataka state once again. Chief minister N Chandrababu Naidu wrote letters to …

BMC plans for water paucity

To tackle water shortages in various residential areas, the Brihanmumbai Municipal Corporation has finalised details of an integrated long term plan. The ambitious plan seeks to significantly augment the sources of the city's existing water supply, as well as the overall quantum.

Task force to develop North Karnataka region

The Karnataka state government is to launch a separate task force for the development of infrastructure and other amenities in the North Karnataka region, on August 18 in Hubli. Drawing strength from the successful model of hte Bangalore Agenda Task Force (BATF)'s public-private sector partnership, the Government will draw plans …

Jharkhand performs badly in PM`s pet project

The Union Rural Development Ministry has expressed unhappiness over the Jharkhand Government's poor performance in the implementation of the Pradhan Mantri Gram Sadak Yojana.

Leapfrog to CNG or get stuck in smog, says CSE

The Centre for Science and Environment said today that pollutants in Delhi would come down by more than 70 per cent till 2015 if government follows what it is pushing it to do. CSE, which today released its second People's Manifesto for Clean Air, has used a model, which calculates …

Govt sees growth at close to 5.5% Mid-year review downplays drought impact

The Finance Ministry has sought to paint a robust picture of the economy, which, it says, will register a growth of "close to 5.5 per cent" this year, notwithstanding the widespread monsoon failure and uncertainties arising from tensions in West Asia and a generally sluggish global trade environment. "Prospects for …

5.5% GDP growth likely despite drought

The economy is expected to grow by 5.5% its financial year despite the drought seen in several parts of the country in the last few months and fall in agricultural production. The mid-year review of the economy, tabled by the governemtn in Parliament today, states that with a net positive …

Cost of living up 1.5 times in a year

Inflation again shed 0.06 per cent to touch yet another year's low of 4.59 per cent for the week ended 19 July due to cheaper mass consumption primary items, including fruits and vegetables, even as the quarterly average remained close to six per cent.

18 died in group clash over water-sharing

As many as 18 people, including five policeman, were injured when villagers of Annigeri and Basapura in Dharwad district in Karnataka entered into a clash over water-sharing.

World Bank strikes a note of caution

The World Bank has come out with a frank appraisal of India's development experience. Its report "India: Sustaining Reform, Reducing Poverty" has, however, drawn strong negative reactions from the North Block. While the World Bank has given expression to its standard prescriptions for poorer economies, it has on the whole …

Jharkhand may get special economic zone

The Jharkhand government is all set to set up a Special Economic Zone in the state to boost the trade and economy. Chief minister Arjun Munda has submitted a proposal to the union government in this regard and he has been assured on it. Considering the positive response from the …

World Bank tells rich nations to alter farm subsidy device

The World Bank warned the trade negotiators that delivering a Doha deal that spurs development would not be "easy" as they might "well have to transcend the mercantilist mind-set". In its Global Economic Prospects Report (GEP), 2004 released here by the Bank's Lead Economist Mr Aaditya Mattoo and Senior Economist …

Ethanol-mixed petrol in 8 States, 4 UTs by month-end

Eight States and four Union Territories will start using ethanol-blended petrol by the end of this month. According to Mr B.K. Chaturvedi, Secretary, Ministry of Petroleum and Natural Gas, the States and UTs, which will start using ethanol-blended motor spirit, include Uttar Pradesh, Maharashtra, Haryana, Punjab, Karnataka, Andhra Pradesh, Goa, …

S Asia rides India wave

The growth of the Sough Asian economies is expected to accelerate to 5.4 per cent in 2003, primarily on the back of a strong Indian recovery, says a World Bank report published. The projection is based on the return to normal agricultural production, a recovery in external demand, and continued …

State doing well in rural sector : minister

The Assam State has been performing well in the rural development sector. It is ranked fifth in the country so far its performance in the sector is concerned, said State's Minister of State (Independent) for Panchayat and Rural Development Ripun Bora here today. Sri Bora, who was addressing a press …

Two WTO deadlines hold key to doubling India-EU trade

The successful implementation of plans by CII and FICCI to double trade between India and European Union by 2008 will depend on whether two key deadlines are met on time. The first of them provides for the complete liberlisation of world trade in textiles and clothing after 1 January 2005, …

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