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 …

Oil that glitters

The post-war boom had brought gas-guzzling vehicles, expanding highways and mushrooming suburbs in the industrialised countries, especially the US. This boom was fuelled by oil - the industrialised economies depended almost entirely on intensive use of fossil fuels. The world learned about its dependence on oil in 1973. The Yom …

The Caspian affair

The Caspian region has possibly the third largest oil and natural gas reserves in the world (after the Persian Gulf and western Siberia), estimated to be up to 15 per cent of the total reserves of the world. Hardly any of this potential has been tapped as yet, and it …

High and dry

India's prominence in the energy market is that it is the world's sixth largest energy consumer - and yet woefully short of energy sources. It has large coal reserves but the worrisome part is petroleum, which accounts for about 30 per cent of the total energy. India produces only 30 …

Beyond oil

"One of the ironies at the turn of the century is that, in an age when the pace of technological change is almost overwhelming, the world will remain dependent, out to the year 2020 at least, essentially on the same sources of energy - oil, natural gas, coal - that …

From barrels to battlefields

The US President George W Bush is raring to launch an attack on Iraq. Whether it has weapons of mass destruction or not, Iraq certainly has the world's second largest reserves of petroleum after Saudi Arabia. Thanks to UN sanctions, it produces a mere fraction of its potential. The US, …

Energised by oil

"Not since the rise of the railroads more than a century ago has a single industry [energy] placed so many foot soldiers at the top of a new administration." - Newsweek, May 14, 2001 George W Bush took over as president of the US on January 20, 2001. Within two …

Takeover threat

STATE OF THE WORLD 2002 (US $15.95), VITAL SIGNS 2002 (US $14.95); ECO-ECONOMY: BUILDING AN ECONOMY FOR THE EARTH, 2001 (US $14.95) . Lester R Brown; THE EARTH POLICY READER . Lester R. Brown, Janet Larsen and Bernie Fishlowitz-Roberts, 2002 (US $16), all published by W W Norton & Company, …

Cabinet okays Tenth Plan

The Union Cabinet approved the Tenth Five Year Plan targeting an 8 per cent annual growth for the period 2002-07. an outlay of Rs 15,92,300 crore, including gross budgetary support of Rs 706,000 crore has been earmarked for the period. Briefing newspersons after the Cabinet meeting, deputy chairman of the …

Indifference to rural projects

A close look at the composition of the rural development ministry shows successive governments' callous indifference to the implementation of the cherished goals. The dichotomy in BJP's newly announced 'Gaon chalo abhiyan' can been seen everywhere. Rural electrification provides the most glaring example.

Spirit willing, reforms flash is still weak

The government today signaled its commitment to bold economic reforms but, while doing so, also gave off enough signs of the populist pressures that could continue to derail the economy. Union Cabinet cleared the Tenth Five-Year Plan which, among other things, involves an ambitious disinvestment target of Rs 80,000 crore …

Centre for 3-tier tracking system of NE rural funds

Union Minister for Rural Development Shanta Kumar today said that the Centre is actively considering to set up a three-tier monitoring system at the state, district and block levels to stop misutilization of rural development funds in the north-eastern states.

Rs 500-cr MP development plan

The Madhya Pradesh Government will mobilise Rs 500 crore to implement economic development plans in the state. According to official sources, Rs 200 crore will be infused by March 2003 for economic development ,and another Rs 300 crore will come from the Mandi fund for the construction of roads.

Centre urged to work with states to achieve 10th Plan objective

As the crucial special meeting of the Union Cabinet is slated this week to approve the draft Tenth Plan document, the Planning Commission has asked the reform-fatigued National Democratic Alliance to brace itself to undertake "a joint effort with the states to attain the Tenth Plan objectives of higher economic …

Gram Sampark projects await implementation

The announcements made by Madhya Pradesh Chief Minister Digvijay Singh during 'Gram Sampark Abhiyan', that was carried out six months back, were yet to be fulfilled pending administrative/technical sanctions. Raisen was leading in implementation of these schemes while Rajgarh, home district of Digvijay Singh, is at the lowest position.

Invest in rural projects: Shanta

The working group constituted by the Ministry of Rural development in its recent report, submitted to the Centre Government, has recommended the participation of the private sector in the rural infrastructure sector. It has suggested to work out projects that can be implemented in collaboration with the private sector like …

Poverty and plenty

The US Census Bureau's report on income and poverty shows that the weakening economy has begun to affect large segments of the population , regardless of race, region or class.

Kalam to cast Net on rural kids

On Monday, October 28, APJ Abdul Kalam, the President of India, will teach 1,400 rural students on how to use the Internet at this year's IT.Com, Asia's biggest infotech show. "The President will hold a one hour class for students on how to use the Net. He has put in …

'Economy has lost rhythm'

Dr. Manmohan Singh of late occupied with the Congress Party's political matchmaking in Jammu & Kashmir, found time on Thursday to point out where the BJP was going wrong with its economic policies. "There has been progressive deterioration since 1995-96. The economy seems to have lost the rhythm. Although an …

World Bank prescriptions for Maharashtra

The Bank advocates a four-point agenda to strengthen the reform charter in Maharashtra and enable its timely implementation. These include ensuring political and bureaucratic commitment to reform, monitoring reform progress, improving public services delivery and governance and focussing on core public services.

For fiscal profligacy, see Maharashtra's growth rate

From being one of the country's shining stars - Maharashtra's real economic growth averaged 7 per cent over the last 15 years, as compared to India's 6 - Maharashtra today has a growth lower than that for Rajasthan and even Haryana. in trend terms its growth has fallen from 7.3 …

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