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 …

Public health over profits

However, the Doha declaration does not take a decision on whether countries with insufficient or no manufacturing capacities in the pharmaceutical sector will be allowed to import generic drugs to deal with a health crisis. Instead, it calls upon the trips council to

Fair farming

agriculture remains the biggest source of inequity in the world trading system. Unlike telecom, financial, and legal services, farming practices in the North have stoutly resisted the logic of market forces. Farming in the North thrives on prodigious subsidies and price support systems combined with coddling protection through high tariffs …

Can green mean free?

Developing countries also fear the huge costs associated with greener technologies, which will be unbearable by their domestic industries. It could make their goods uncompetitive in western markets. This unequivocal opposition to greening of trade is what brings the motley crew of poor countries together. “If there’s one thing that …

Trade truce

the choice of venue was clever and the September 11 attack on the World Trade Center added to the security paranoia. The result was that it combined to give trade negotiators somewhat of a breather when they met in Doha, Qatar, for the fourth ministerial conference of the World Trade …

Punjab to get $ 1 bn. from IFC

The International Financial Consortium (IFC) comprising leading banks and foundations has agreed to provide $ 1 billion to boost Punjab's rural development programme during the visit of the Chief Minister, Capt. Amarinder Singh.

Haryana Govt. constitutes 'Mission on Employment'

In order to generate massive employment opportunities for the educated persons in the State, both in rural and urban areas, the Haryana Government has constituted the Haryana Mission on Employment. The prime objective of the Mission is to suggest strategies for achieving the target of providing employment opportunities to 25 …

Two districts chosen for special scheme

The tribal dominated Banswara and Durgarpur districts of Rajasthan have been selected for development with a new vision under the Rashtriya Sam Vikas Yojana, as part of which an expenditure of Rs 90 crores would be incurred on them during the next three years.

CM to open first village court on Dec 11

Madhya Pradesh Chief Minister Digvijay Singh will inaugurate the first gram nayalaya (village court) of the state at village Jhantala in Neemuch District of Jawad Vidhan Sabha on December 11.

Centre withholds financial allocation to Madhya Pradesh

The government of India has withheld the financial allocation to Madhya Pradesh under various tribal welfare schemes due to financial irregularities, said Union Minister of State for Tribal Affairs, Faggan Singh Kulaste.

Rain harvesting becomes a craze for Delhi schools

Water harvesting is fast becoming a craze in Delhi schools. While schools like Mira Model in West and Shri Ram School in Vasant Vihar have been into 100 percent water harvesting for over a year, around 20 more schools have forayed into water harvesting within the last one year. According …

Centre tried to mislead panel on CNG prices

The Union petroleum ministry tried to mislead the Bhure Lal committee on the price of compressed natural gas (CNG), the panel indicated in a report submitted to the Supreme Court. The ministry has shown higher CNG prices in some cities, while the panel found that it was cheaper than diesel …

Rs 800 crore DRF package for Bihar okayed

The finance ministry has approved a part of the development reform facility (DRF) package prepared by the Planning Commission and has asked the plan panel to compose a list of reform measures which would be linked to the remaining part. A special Rs 800 crore package for Kalahandi, Bolangir and …

Rs. 2,500 crore Central grant for 14 States

A Rs. 2,500 crore package in the form of a cent per cent grant from the Centre would soon be available to 14 identified states, part from Orissa and Bihar which are to receive special packages. These funds are for the development of more than 100 identified most backward districts …

Centre releases Rs 154 crore for Assam rural development

The Union Ministry of Rural Development yesterday released Rs 154 crore for rural development projects for Assam for the fiscal 2002-03 as the second installment of Sampurna Gramin Rozgar Yojana (SGRY).

$250-m ADB loan for Kolkata facelift

Ageing metropolis, Kolkata is in for a dose of rejuvenation. After nearly a year of negotiations, the government has finally ties up the $250 million Asian Development Bank loan to give a facelift to Kolkata, the first ever metropolis which will go in for such a massive overhaul. Finance ministry …

Reforms in Kerala

The passing of the Kerala Loading and Unloading Bill by the Kerala Assembly makes a watershed in the Antony government's determined effort to make Kerala an investment friendly state. The battle with the State's leftist legacy began quite early for the Congress led UDF government, when it had to circulate …

Kerala plans four Chinese model industrial development zone

Establishment of four Chinese model "industrial development zones" (IDZs) in various parts of Kerala is one of the major initiatives envisaged in the new industrial policy of the Kerala Government.

China consumers see WTO benefits

This city's chandelier-lighted Bentley dealership opened in June with an order of 30 Bentleys and Rolls-Royces, brands of German car maker Volkwagen AG. Already, the dealership has sold 20 of the luxury sedans, most before they reach the showroom's brightly waxed floor. Before China entered the World Trade Organisation last …

Committee approves Biodiversity Bill

After several rounds of debates and much delay, the Parliamentary Standing Committee has finally approved the Biological Diversity Bill, 2000, making a few "principal changes" in the original draft. With the new set of recommendations, the Bill was laid in both the Houses today. Reactions of environmentalists to the new …

Transport, Energy, Health get priority

The Centre has sanctioned a total outlay of Rs 23000 crore for Delhi during the Tenth Plan period, which is 9.8 per cent more than the Ninth Plan outlay at 2001-02 prices. There has been a slight change in sectorial prioritisation for the Tenth Plan.

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