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. unveils economic growth

Unveiling the new economic development policy of Madhya Pradesh, the State Chief Minister, Mr. Digvijay Singh, today called on captains of trade and industry to invest in the State. Addressing the World Economic Forum's India Economic Summit, Mr. Singh said that the new policy seeks private sector investment in diverse …

Rs 1533-cr plan for Uttaranchal

The government finalised the annual Plan for Uttaranchal for 2002-03 at Rs 1533 crore, a sharp hike from the Rs 1050 crore in 2001-02. However, it opposed the state government's decision to set up a state road transport corporation.

Rs 1,533 crore plan for Uttaranchal approved

The government finalised the annual plan for Uttaranchal for 2002-03 at Rs 1,533 crore, a sharp hike from the Rs 1,050 crore in 2001-02. However, it opposed the state government's decision to set up a state road transport corporation.

Rs 5,000-crore to promote village industries

In a bid to increase job opportunities for rural unemployed, the Union Government and the Planning Commission have decided to earmark about Rs 5,000 crore in the 10th Five year Plan for the development of khadi and village industries in the country, said Khadi and Village Industries Commission Chairman Dr. …

Haryana tops in rural development schemes

Haryana has topped in the implementation of rural development schemes in the country in 2001-02, followed by Madhya Pradesh. Haryana was ranked second in 2000-01. According to a Haryana government official, of the Rs 106.21 crore funds for the major rural development schemes, 87.67 per cent, or Rs 93.12 crore,was …

Growing poverty main cause of child labour

Lahore District (Pakistan) Nazim Mian Amer Mahmood has said child labour could not be controlled due to growing poverty and ignorance in society. Speaking at a seminar on child labour organized by the city district government at the Alhamra Art Centre here on Saturday in connection with the Independence Day …

AP to seek public views on draft Budget

Deviating from the established norms, the Andhra Pradesh Finance Ministry is gearing up to come up with a "draft Budget" which is proposed to be circulated among people and after eliciting their response, the Budget exercise will be finalised.

NABARD sanctions Rs 400 crore loan to Tamil Nadu

The National Bank for Agriculture and Rural Development (NABARD) will disburse Rs 400 crore as loan to the Tamil Nadu state during 2002-03 for improving rural infrastructure and various developmental schemes.

Nabard to give Rs 400-cr aid for TN RIDF

The National Bank for Agriculture and Rural Development has assured the Tamil Nadu Government a Rs 400 crores assistance for the Rural Infrastructure Development Fund for 2002-03, as against the planned amount of Rs 350 crores. Chief Minster of Tamil Nadu., Ms Jayalalitha, said the state government is taking measures …

India to give $ 2.5 m for ASEAN projects

India today committed to contribute $ 2.5 million for funding of Indo-ASEAN cooperation programmes. Making this announcement at the ASEAN Regional Forum meeting, External Affairs Minister Yashwant Sinha said though India and ASEAN had pursued functional cooperation across several sectors, including science and technology, trade and investment, transport and communication …

Development schemes for Kerala villages

A package of schemes were evolved at the Samavayam-2002 conference held at Dingden in Germany on August 23 for the benefit of nonresident Keralites as well as the villages in Kerala.

India Economic Summit on Dec 2, but Smadja won't be around

The India Economic Summit 2001, to be held on December 2, is likely to cause less heartburns this time than previous summits in the capital's corridors of power. The summit is jointly organised by the World Economic Forum and the Confederation of Indian Industry every year.

CM sets aside Rs 72 cr for rural affairs

Development works in rural areas of the city will soon get special attention as the Delhi Rural Development Board is all set to start functioning. This was announced by Delhi chief minister Sheila Dikshit on Saturday.

Brahmaputra river system earns top ranking

The Brahmaputra River System has received the highest marks in the preliminary ranking study conducted on the hydro sites potential for all river basins in the country. According to an official release, Indus, Ganga, east flowing rivers, west flowing rivers and Central Indian rivers follow in the merit order after …

Peasants, workers rally against war, WTO in Delhi

Peasants and workers took out a massive anti-war and anti-WTO rally in Delhi on Friday under the banner of Communist Party of India (Marxist-Leninist), denouncing the Vajpayee Government for its "pro-American and pro-war" stance and for "surrendering" the nation's economic interests to the Western powers at the WTO meet.

AP plans more teeth for gram sabhas

In yet another stride towards decentralised system aimed at empowering local bodies and providing citizen services at a single interface, the Andhra Pradesh Government has decided to arm gram panchayats with host of additional powers at the grassroot administrative mechanism.

Tough battle ahead in Doha

The World Bank says trade expansion would increase the annual growth of GDP of all developing countries by 0.5 per cent over the 'long run'. Such ambitious projections can provide little comfort to countries trapped in an iniquitous world economic order. The omens are not good for Doha to make …

Cabinet clears 'Village Govt.' set-up

In tune with its objective of rendering all services to the citizens locally and creating 'a Village Government,' the State Government has decided to merge the panchayat and revenue services at the gram panchayat level. Under the new set-up, cleared by the cabinet, the village will be administered by Secretary, …

Basmati-wary Govt wakes up to geographical indications

Having lost he battle for Basmati patent, the government has gone on an overdrive to protect other Indian products which have a large export market, Kashmiri carpets, Alphonso mangoes and Darjeeling tea will soon be registered as geographical indications (GI). The Geographical Indications Act, which was cleared by Parliament in …

Govt warned against big brother WTO

Former Prime Minister V P Singh demanded toady that the government must not enter into any "new agreement" at the WTO ministerial meeting in Doha without seeking approval of parliament and the state legislators. The resolutions adopted at the rally also demanded that the government should come out with a …

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