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 …

Digvijay's mantra to reduce poverty

The Madhya Pradesh Chief Minister, Digvijay Singh, said today that the problem of poverty cannot be solved by big and small industries and the gap between developed and underdeveloped states can be reduced by increasing the purchasing power of people at the grassroots and increasing employment in the unorganised sector.

20 States, Union Territories submit Rs 200 crore proposals under Vambay

Twenty states and Union territories have submitted central subsidy proposals worth Rs 200 crore under the Valmiki Ambedkar Awas Yojana(Vambay). Vambay was launched by Prime Minister Atal Behari Vajpayee with the objective of providing shelter or upgrading the existing shelter for people living below the poverty line urban slums.

Human capital grows in Rajasthan, MP & UP

In the era of liberalisation and globalisation, the southern states have pushed their northern counterparts off the radar. The new National Human Development Index developed by the government tells a different story. In the era of reforms, Rajasthan, Madhya Pradesh and Uttar Pradesh have shown faster improvement in human development …

PM to chair meet on panchayats

The Prime Minister, Atal Behari Vajpayee, will inaugurate a two-day all-India Panchayat Adhyaksha Sammelan in New Delhi on April 5. The Ministry of Rural Development has convened the conference to find out if the panchayati raj institutions were in place and empowered as envisaged under the 73th constitutional amendments.

CAG raps AP for poor fiscal management

The Comptroller and Auditor General of India has found several lapses in the Andhra Pradesh Government's fiscal management approach. I its review for 2000-2001 and over a five-year time frame, the CAG faulted the State for its financial condition which it found had significantly declined during 2000-2001 due to extraordinary …

Economic policy under IMF rule

Under IMF rule, marginal increases in budgetary expenditure in any year are irrelevant. What is important is the long term trend. As Aspects of India's Economy has pointed out, plan capital expenditure as a percentage of GDP has declined from 2.77 per cent in 1990-91 to 1.52 per cent in …

Budgeting for a slum-free city

With wide tree-lined roads and planned buildings, one will be forgiven for thinking that the New Delhi Municipal Council is a prime example of urban governance in a chaotic city. However, there are problems her albeit of a different kind. Attempts are on at Palika Kendra, to project the council-governed …

Globalisation: Blame it on us

The Human Development in South Asia - Globalisation and Human Development (HDSA) points out that during the first phase of globalisation, incomes for about half a billion people in South Asia have declined. A paper on India shows that several public policies, which contributed to more employment and less poverty …

guatemala

Thousands of children under five years of age are suffering from malnourishment after a drought devastated subsistence crops in Guatemala. This was recently revealed by Deborah Hines, un World Food Programme (wfp) senior regional programme advisor for Latin America and the Caribbean. The wfp has delivered several thousand tonnes of …

Survey forecasts good health

The Economic Survey says that the Gross State Domestic product (GSDP) for the financial year 2000-2001 at current prices is likely to attain a level of Rs 57,547 crore as against Rs 52,375 crore during the year 1999-2000. The real growth in the capital's economy for the financial year 2000-2001 …

HP bags Rs 2.2 cr. more from Plan Panel

The Himachal Pradesh Chief Minister Prem Kumar Dhumal announced in the Vidhan Sabha on Thursday that the Planning Commission has sanctioned an additional Central assistance of Rs 2.20 crore to State over and above the Central assistance of Rs 7 crore already released by the Planning Commission. The State Health …

Jayalalithaa seeks special financial package for Tamil Nadu

The Tamil Nadu Chief Minister, Jayalalithaa, has urged the Prime Minister to convene a meeting of Chief Ministers to work out a common agenda for financial reforms and development. In a letter to the Prime Minister, in which she had sought a Rs. 3000 crore special financial assistance package to …

MPs spending more on constituencies: Report

The utilisation of funds under the Member of Parliament Local Area Development Scheme has improved from 55 per cent in 1997 to 64 per cent in 2000. However, 46 per cent of the total amount remained unspent in the period between 1993-94 and 1998-99, according to a study conducted by …

Trade with Saarc members up 37% during 2000-01 : Report

India's total trade with the Saarc member countries increased by over 37.4 per cent during 2000-01. While India's exports to these countries registered an increase of 43.8 per cent, imports also went up by 15.39 per cent says the commerce ministry annual report for 2001-02 released on Wednesday in New …

Not aid, but trade

The world aid summit in Monterrey, Mexico, has ended with a pledge of more aid by the developed countries, but not only to governments that root out corruption, progress towards political reform, and open their markets. The US is of course one of the bigger laggards, giving bearly 0.1 per …

Himachal gets Rs. 15.15 crore more as special grant

The Union Government has sanctioned an additional Rs. 15.15 crores as special grant under the Border Area Development Programme for the current year.

Rs. 200 crore for Himachal

The Prime Minister, Mr. Atal Behari Vajpayee, today announced an additional grant of Rs. 200 crores to Himachal Pradesh. Addressing a press conference in Shimla, Mr. Vajpayee said the Centre had given the additional special plan assistance to protect the size of the annual plan at Rs. 1,900 crores.

The road to hope

Women in some of Orissa's most impoverished villages are forging their identity and their future with the state's micro credit schemes and their determination.

Everyone must contribute for water conservation

Every citizen should contribute towards conservation of water, said Revenue Minister Hajarilal Raghuvanshi while addressing the concluding function of a symposium titled ' Water and Bhopal City'.

Bush vows to speed up aid to poor countries

Under fire for giving too little too late to the world's poor, US President George Bush said on Friday he would jump-start a multi-billion dollar aid program for countries that combat corruption and open their markets as part of Washington's "answer to terror." Addressing a UN development conference in Mexico's …

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