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 …

Suraj Bhan bags millennium award

Himachal Pradesh Governor Suraj Bhan was honoured with the prestigious "Great Son of the Soil International Millennium Award" in Mumbai today, an official release issued here said.

UK keen to invest in Bengal projects

The UK sees investment potential in West Bengal's growth sectors such as agro-foods, healthcare and information technology. It is also bullish on traditional areas such as mining and tourism.

World Bank clears $913.8m. loan for India

Compliance with Environmental Assessment (EA) during the implementation of World Bank-assisted projects in India between the fiscal years 1990-97 has been found to be "week". Yet, loans and credit totaling $913.8 million has been approved to the Government for implementing a dozen new programs at the national, State and local …

Rajasthan govt set to turn down World Bank loan

The Rajasthan government is all set to turn down a loan offer from the World Bank since it's finding it difficult to meet the terms and conditions. The total loan amount, to the tune of Rs 3,300 crore, had earlier been sanctioned for projects in the fields of irrigation, drinking …

Sikkim ranks high in human development index

The position of human development in Sikkim is significantly higher than many other States of India and the index in this regard has improved from 0.454 in 1991 to 0.532 in 1998, Chief Minister Pawan Chamling has said quoting a report, reports PTI.

WTO sets up 2 panels to examine US acts

The Dispute Settlement body (DSB) of the World Trade Organisation has established a panel to examine the US' continued Dumping and Subsidy Offset Act of 2000 or the Byrd Amendment at the request of nine members including India.

Centre urges Supreme Court to extend CNG deadline

With a view to removing the hardships that would be caused to the public due to withdrawal of non-CNG buses from October 1, the Centre today moved the Supreme Court for a direction to extend the deadline of September 30 for commercial vehicles and bus operators to convert their fleet …

Chhatisgarh sets up infrastructure development body

The Chattisgarh government has set up a high-level body to develop infrastructure in he newly-created state.

Deadly giant waves may endanger Atlantic coasts

Giant ocean waves could slam into the East Coast if a volcano across the Atlantic in the Canary Islands splits open, two scientists warn. The Cumbre Vieja volcano last erupted in 1949. It has not shown any recent indications of activity, but the threat could become real someday.

Belgian PM calls for ethical globalisation, new G8

Belgian Prime Minister Guy Verhofstadt called yesterday for more, not less, globalisation to fight inequality and narrow the gap between rich and poor countries. Verhofstadt, whose country holds the rotating European Union presidency, also proposed expanding the Group of Eight industrial powers to include representatives of regional trading groups.

M.P. efforts lauded

A team of United Nations Leadership Academy University has described the development initiatives in Madhya Pradesh launched with community participation as an example worthy of emulation.A 28 member team of the UN Academy based in Jordan was on a two-day tour of the State.It had representatives from 22 countries.

Call for a new, 'ethical' G8

The existing Group of Eight industrial nations must be replaced by a new G8 bringing together all regions of the world, to ensure that the process of globalisation takes on a more ethical character, Guy Verhofstadt, Belgian prime minister said. In a lengthy open letter to the anti-globalisation protesters who …

Chambers welcome 'gram sadak' project

The Confederation of Indian Industry (CII) has commended the Prime Minister's Gram Sadak Yojna and said that the project is a crucial component for achieving economic growth of 9-1- per cent.

Governor launches eSeva project

The launching of eSeva project in Hyderabad on Saturday by the Governor, Dr. C. Rangarajan, marked yet another milestone in the march towards complete eGovernance in Andhra Pradesh. The eSeva centres, opened under the project, act as "one-stop-shop" for nearly 30 governmental and private services to the citizens of Hyderabad.

Digvijay's role praised

The UN Assistant Secretary-General and UNDP Assistant Administrator, Dr. Hafiz A. Pasha, today said that Madhya Pradesh has received significant international recognition by setting the example of best practice by using the Human Development Report (HDR) as the bench-mark for fundamental decisions at the planning level.

Development Digvijay gets UN perfect 10

The United Nations has been bowled over by Digvijay Singh. Whether it be the World Water Forum at The Hague in March last year or the Economic Forum at Davos earlier this year, the Madhya Pradesh chief minister has enthralled UN summits with his speeches.

House approves back dues payment to UN

The US House of Representatives has approved a measure that clears the way for payment of $582 million in back dues to the United Nations. The payment would be the second of three payments that the U.S. has pledged to make to clear up part of its outstanding debt to …

India complains against US law on anti-dumping

India has joined a group of countries, including Japan and the 15-nation European Union(EU), in filing a joint complaint with the World Trade Organisation(WTO) against a new US law that wuld award the proceeds of anti-dumping sanctions to the affected American industry.

WTO-mandated trade negotiations on services from Jan 1

The mandated negotiations on trade in services will commence in Geneva, under WTO auspices from January 1, though India and other developing countries do not even have the basic data on market information on the vast opportunities in this area.

Scientist rules out black holes

A scientist with the Bhabha Atomic Research Centre (BARC) has ruled out the existence of black holes. Dr Abhas Mitra said in the December issue of the United States Foundations of Physics Letters that Einstein's General Theory of Relativity (GTR) did not allow the formation or existence of black holes …

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