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 …

M.P. gets $75 m more from ADB

The Madhya Pradesh Government has successfully achieved the target for the second tranche in terms of fiscal parameters and public sector reforms, making the Asian Development Bank (ADB) to sanction another tranche of $75 million to the State.

Ensure jobs, food for rural poor, SC directs states

Concerned by the plight of starving poor and unemployed people in the country, the Supreme Court sought the responses of states and Union Territories to an application seeking schemes like the Maharashtra Employment Guarantee Scheme that ensures the right to work to adults in rural areas.

Higher allocation 'to boost' rural sector

The slew of measures announced by the Finance Minister, Mr. Yashwant Sinha, in his Budget for 2002-03 augurs well for the rural sector, the Union Minister for Rural Development, Mr. M Venkaiah Naidu, said in Andhra Pradesh on Friday. The three key components of rural development - agriculture, rural infrastructure …

Kerala for new approach to 10th Plan

Kerala will move away from the practice of making incremental allocations to a new approach of structuring of schemes according to the relevance of sectors during the Tenth plan. The Governor, Mr. Sukhdev Singh Kang, said multiple strategies and specially designed schemes had been formulated to enhance job opportunities. The …

UNDP to assist Chhattisgarh in preparing Human Development Report

The United Nations Development Programme(UNDP) will assist Chhattisgarh in the formulation of its Human Development Report. To be launched under the "Gaon la Chalav " campaign, the uniqueness of the report lies in the fact that these "jan rapats" will be drafted by the people themselves, and the process will …

Jai Prakash Rozgar Yojana launched

Finance Minister Yashwant Sinha today announced Jai Prakash Rozgar Guarantee Yogna to commemorate the birth centenary of Lok Nayak Jai Prakash Narayan. The programme is aimed at providing employment guarantee to the unemployed in the most distressed districts of the country.

Rs 30,000 crore for states to push reforms

Finance Minister Yashwant Sinha will link an additional allocation of over Rs 30,000 crore to states for undertaking specific sectoral and fiscal reforms. The move is aimed at inducing states to push through second generation reforms by adopting a carrot and stick approach.

Madhya Pradesh Annual Plan outlay fixed at Rs 4821 crore

The Annual Plan Outlay of Madhya Pradesh for the year 2002-03 was today fixed at Rs 4821 crore which represented a substantial increase of Rs 1191 crores over the last year. Rs 20 crore have been earmarked for infrastructure for Simhastha Fair at Ujjain.

Nepal s poor carry it off

The poor in Nepal appear to possess the Midas touch. Wherever the government has handed over control of degraded forestland to them under the leasehold forestry programme, the Himalayan country's ecology has staged a magical turnaround. In the process, the below poverty line (bpl) households have unfolded economic miracles also. …

ZAMBIA

A new report by African Friendship Fund, a non-governmental organisation (ngo), says that the lack of political will for sustainability in developing Zambia's forestry resources has led to sabotage of the forest sector. The report says that the country's 481 protected forest areas, 181 national forests and 300 local forest …

Assam's annual plan finalised at Rs 1,750 crore.

The core annual plan for Assam was today fixed at Rs 1,750 crore on the basis of identificable resources of the state. The plan size was finalised at a meeting between Planning Commission Deputy Chairman KC Pant and Assam Chief Minister Tarun Gogoi.

Rs. 1,750 crore plan for Assam

The 2002-03 Annual Plan for Assam has been finalised at Rs. 1,750 crores at a meeting in Delhi between the Deputy Chairman of the Planning Commission, K.C. Pant, and the Assam Chief Minister, Tarun Gogoi.

Haryana expenditure on core sectors

The Haryana Government is spending 60 to 65 per cent of its annual budget on creation of economic infrastructure for power, irrigation, roads and transport sectors, the Haryana Finance Minister, Sampat Singh, told members of the PHD Chamber of Commerce and Industry.

Sikkim Annual Plan fixed at Rs. 350 crore

The 2002-03 Annual Plan for Sikkim was finalised today at Rs. 350 crores based on the identifiable resources. This will include additional central assistance of Rs. 10 crores-Rs. 3 crores for taking up survey for alternative national highway from Siliguri to Gangtok and Rs. 7 crores for VRS scheme.

CNG hearing before apex court today

The Supreme Court will be hearing arguments from various stakeholders of the CNG issue - the first hearing after the deadline of 31 January of conversion of public transport buses to CNG. Not that the Delhi government will have much to report - since the first deadline of 1 April …

Higher budget support for states likely

The finance ministry is likely to make a higher allocation of about Rs 46,330 crore as central assistance to the state and the Union Territory plans in 2002-03 compared to Rs 40,644 crore in the current fiscal year. According to sources, as a percentage of the Centre's gross budgetary support, …

Rs 55 cr. approved for DRDA schemes

The governing body's meeting of Lakhimpur, Assam, District Rural Development Agency (DRDA) held recently approved Rs 55 crore for implementation of various rural schemes for the year 2002-2003, stated an official press release.

Rs 430 crore Mizoram plan okayed

The Planning Commission today approved a crore plan size of Rs 430 crore for 2002-03 for Mizoram, based on the state's identifiable resources. The plan size was approved at a meeting between deputy chairman, Planning Commission, K C Pant and chief minister Zoramthanga, an official release said.

Rapid growth vital to reduce poverty

A fairly large number of poor are disadvantaged and endangered by the places where they live and work. They often face the problems of water scarcity, inaccessible and unsafe to drink; isolation with bad roads and inadequate transport; precarious shelter; scarcities of energy for cooking and heating; and poor sanitation. …

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