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 …

Delhi tops per capita Plan resources

Delhiites, it seems, will continue to be the best kept people in the country. Residents of the Capital will have Rs 13,550 per capita Plan resources available to them during the Tenth Plan 70 per cent increase from the Ninth Plan availability of Rs 7,939.96. In sharp contrast, residents of …

'Developing countries little say in IMF, WB decision-making'

Although developing countries are deeply affected by the decision of institutions such as International Monetary Fund, World Bank and World Trade Organisation, they have little say in their decision-making, says UNDP's Human Development Report 2002. Less than half of the voting power of the institutional financial institutions rests jointly with …

Democracy and development

The Annual Human Development Report of the United Nations Development Programme once again presents a mixed picture of where the nations of the world are in economic and social well being. The trends in human development during the 1990s, as measured by the Human Development Report index, shows that admist …

World Bank raps Maharashtra for poor fiscal management

The World Bank (WB) has observed that Maharashtra's budget management, which has come under increasing stress in the past few years, has resulted in unrealistic budget estimates, poor fiscal marksmanship and large supplementary demands.

Dhaks's position in HDI 145th among 173

The United Nations Development Programme (UNDP) in its 2002 report has ranked Bangladesh at 145th position among 173 countries in Human Development Index (HDI) and put it in the 'low human development' category.

Ban on heavy vehicles can reduce pollution by 55%

Banning vehicles that do not adhere to Euro II norms is a proposition promising enough. Research shows that prohibiting these vehicles from plying can lead to a 55 per cent cut in the pollution level. The Supreme Court had last year directed the Delhi Government to ban vehicles that flout …

Green initiatives

The government of Karnataka has recognised the contributions of the Bharatiya Agro Industries Foudation (BAIF) to the field of rural development, and conferred on it the first ever Parisara Shree Award. It has indeed been a well deserved recognition for BAIF's relentless efforts for two decades in Karnataka to promote …

Raising U.S. aid to poor nations may be easier said than done

It was intended as a simple idea : Boost U.S. aid by 50% and distribute it to the poor nations that would use it best, according to easy to understand criteria. But even before the Bush administration submits its legalisation, the complexities of awarding the aid- without attracting the usual …

Third world power

The publication of two rice genome sequences could not have come at a better time. With the human genome project meeting its targets ahead of time, genomics in general is looming large on the horizon, waiting to dominate the scene completely. The rice genome project is to agriculture research what …

Jolt to rural economy

The recent government securities scam in Maharashtra may affect the rural economy as it will become difficult to seek bank's support from the district cooperative banks for agriculture sector.

72 development projects axed

Due to "poor" administration of the urban development ministry and state governments at least 72 projects for infrastructure development in five mega cities were dropped and 62 are yet to be started. On the recommendation of the National Commission on Urbanisation and demands by the state governments, the urban development …

Rain water harvesting for new houses compulsory: CM

Chief Minister S M Krishna today told the Legislative Assembly that owners of the newly constructed houses in Bangalore city may have to compulsorily go in for rain water harvesting. Mr. Krishna said the building bye laws may have to be amended to make rain water harvesting compulsory in the …

Hong Kong world's costliest city: Survey

Hong Kong has replaced Tokyo as the world's most expensive city, and Asia is the most expensive region, according to a global survey released on Monday which placed Johannesburg as the cheapest place to be in. Higher prices in the basket of goods belonging to the personal care, domestic supplies …

Pollution still not under control

If you thought that your duty as an environmentally sensitive citizen ended with pasting a Pollution Under Control (PUC) certificate on your car, think again. Your vehicle is still emitting gaseous exhausts which affect the environment, but which are not checked when you are granted the PUC certificate. "The existing …

Amarinder meets WB officials

Punjab Chief Minster Capt. Amarinder Singh today held extensive confabulations with World Bank Country Director of India Edwin Lim and other officials to discuss modalities for seeking financial help from the funding agency to strengthen the socioeconomic infrastructure base in Punjab. Capt. Singh apprised Mr. Lim of the fiscal reforms …

Poor nations too have vital role, says IMF chief

Rich countries should give poor nations greater access to their markets but developing nations also have a responsibility to build trade among themselves and pursue rational economic policies, according to the International Monetary Fund (IMF) Managing director, Mr. Horst Koehler. Mr. Koehler stressed the fund could not resolve all the …

IMF approves $114-m loan for Islamabad

The International Monetary fund on Wednesday approved $ 114 million tranche for Pakistan under the Poverty Reduction Growth Facility. The total disbursements under the programme amounts to $ 343 million. The amount would be disbursed in the central bank's account on July 22.

Delhi still gets deadly diesel dose

Some 60000 trucks trundle through Delhi every day. They are poorly maintained, run on high sulphur diesel and are the cause of air pollution. 'The trucks use diesel with 2500 ppm (particles per million) sulphur. This means the sulphur content is five times more than the 500 ppm diesel we …

GAIL complies with SC directives

GAIL has augmented supplies of natural gas to power and transport sectors in compliance with the Supreme Court directives. According to a GAIL releases, supplies of natural gas to recently made operational Pragati Power Plant of DVB and to IGL for supplies of CNG-run vehicles in Delhi have been augmented …

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