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 …

Whittling away

A key resolution adopted at the Doha ministerial meeting of the World Trade Organisation in November last year pertained to the agreement on trade related aspects of intellectual property rights(TRIPS). Trade ministers from over 144 countries, including India, had agreed that the TRIPS agreement would be interpreted and implemented in …

Meeting of Asian Network of Major cities begins

The Chief Minister Sheila Dikshit inaugurated the plenary meeting of the Asian Network of Major Cities (ANMC-21) in the Capital on Wednesday.This is the second conference of ANMC in which the representatives of eleven Asian cities, including Singapore, Delhi, Beijing, Bangkok, Hanoi, Jakarta, Kuala Lumpur, Manila, Seoul, Taipei and Tokyo …

O'Neill assures funds after 90-minute poverty education

The US Treasury Secretary Paul O'Neill had his first encounter with the rural life of India in this small place, 25 kilo metre south of Hyderabad. He was apparently bowled over by the determined efforts of the village women to fight their poverty and economic backwardness. Paul O'Neill, accompanied by …

World Bank funded project to tone up rail, bus network in Mumbai

For the first time, an entire project aimed at improving commuting by local trains and buses for the common man in Mumbai is being launched with an outlay of Rs. 4,526 crores with World Bank participation. The World Bank's five-year deadline - beyond which the funding will be cut off …

'Indian economy showing signs of growth'

The Indian economy has been showing good signs of growth and this has been reflected in the recently-released Global Competitiveness Report ranking India at 48 as against the last year's ranking of 57. "India is on the Global Agenda'' and "India is Good News''. This was stated by Colette Mathur, …

Cauvery army blasts tower in Tamil Nadu

A power transmission tower in Thirunvalur village in Villupuram district (Tamil Nadu) was damaged by a bomb blast, allegedly by a 'Cauvery Meettpur Padai' (Cauvery Retrieval Army). However, Neyveli Lignite Corporation (NLC) director R. Srinivasan, who visited the spot, 40 kms away from NLC, said power supply was not affected.

Astronomers foresee major collision of two black holes

Two giant black holes have been found at centre of a galaxy born form the joining of two smaller galaxies and are drifting toward a cataclysmic collision that will send ripples throughout the universe many millions of years from now, scientists said.

8% of World's poor live in UP : Report

The 60 million poor people of UP are at the risk of falling behind if reforms to reduce poverty are not speeded up, says a World Bank (WB) report 'Poverty in India: The Challenge of Uttar Pradesh'. According to release issued by the WB the report examines the causes of …

US, Singapore finalise free trade agreement

The United States and Singapore have already finalised a free trade deal that opens up the city state's prized financial sector, US trade representative Robert Zoellick said. The free trade deal, the fist between the US and an Asian country, covers financial and legal services, telecommunications, investment, telecommunications, investment, tourism …

Poverty set to drop again

After a sharp drop in poverty reported in the 1999-2000 consumption survey of the National Sample Survey Organisation, the thin 56th round sample survey can reveal a further drop in the rural poverty levels. The results of the thin sample survey, which concluded in June 2001, are expected to be …

Poor going backwards in U.P., says World Bank

The World Bank has cautioned that the poor in Uttar Pradesh are at risk of falling further behind if reforms to accelerate poverty reduction are not speeded up. "This is a challenge of global significance as about eight per cent of the world's poor live in Uttar Pradesh," the Bank …

UNICEF launches child poverty report

Child poverty is widespread in the Commonwealth of Independent States, and Central and Eastern Europe, despite growing economies throughout the region. Rising numbers of children are ending up in institutions or being put up for adoption as families strain to cope, according to a UNICEF report, the first comprehensive review …

Unctad foresees good prospects for e-commerce

Though e-commerce is thriving around the world, its volume in developing countries would remain "negligible" as long as the business-to-business (B2B) end of the market does not take off, warns the UN Conference on Trade and Development (Unctad). In its '2002 E-Commerce and Development Report', released in Geneva on Monday, …

UP failed in containing poverty: World Bank

The World Bank has asked the Uttar Pradesh Government to speed up the reform programme to accelerate its efforts for reducing poverty as 60 million poor in the state are at the risk of becoming poorer. The World Bank report 'Poverty in India: Challenge of Uttar Pradesh', released in Lucknow …

Study warns on UP poverty

Unless reforms to accelerate poverty reduction are speeded up, the 60 million poor in Uttar Pradesh are likely to fall further behind, says a World Bank report - "Poverty in India: The Challenge of Uttar Pradesh".

'Fight those who block economic growth'

The President, A.P.J. Abdul Kalam, today gave a call "to fight vested interests who try to stop the speedy economic growth of the country.'' Inaugurating a Rs. 36-crore 'Total Development Project for Scheduled Tribes and Scheduled Castes' here, the President said, "If the 100-crore population of India stands united, the …

Panchayats: J&K Government favours West Bengal model

Favouring a West Bengal model in the working of grassroots units of governance in Jammu and Kashmir, the Chief Minister, Mufti Mohammad Sayeed, has said that panchayats would be empowered to take up activities falling in their domain. Addressing a district board meeting here, he said, "the coalition government is …

Don't ignore poor nations, says Shourie

The World Trade Organisation (WTO) should not neglect the concerns of the developing countries with regard to food security and rural development, India has demanded. Otherwise, economic upheaval would result in social and political unrest, unsettling the aplecart of the multilateral trading system.

Wanted: a slogan for Tenth Plan

The Tenth Five-year Plan needs a slogan on the lines of "Garibi Hatao" of the Fifth Plan. The Deputy Chairman, Planning Commission, has requested suggestions from everyone in this regard. The idea is to generate interest among the masses about the vision of the Plan.

Govt. will formulate eco-package: Mufti

To improve the fiscal health of Jammu and Kashmir for overall development, Chief Minister Mufti Muhammad Sayeed said today that the government would formulate a comprehensive economic package. Mufti said that the state is in dire need of an economic package for infrastructural development and providing financial security to the …

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