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 …

Science institute finds diesel substitute

The Indian Institute of Science has found a substitute for diesel oil. A report of the institute says that the oil obtained from the seed of Pongamia pinnata (Honge oil) has the potential for use as fuel in place of diesel.The oil has to be pre-heated for use since the …

SC praised for efforts to solve CNG crisis

Hailing the Supreme Court's directive to the Gas Authority of India Ltd (GAIL) to improve CNG supply in Delhi by September 21, the Federation of Automobile Dealers' Association (FADA) has said that the city needs an efficient fleet of vehicles. Association convener Rakesh Jain said that the long queues at …

Debating with critics

The big players of globalisation, the World Bank and the International Monetary Fund, have never been so much on the defensive before. Not only have they had to cut their week-long annual meeting in Washington next month to a hasty two days in an effort to lessen the street protests. …

PM's N-E package is now Rs 12,390 cr

The initial financial outlay of the agenda announced by the Prime Minister Atal Behari Vajpayee for socio-economic development of the Northeast and improving security scenario at Shillong in January 2000 has risen to Rs 12,390.29 crore from Rs 10,271 crore. The agenda announced by Mr Vajpayee pertained to 28 schemes.

NGO flays bid to slap sales tax on CNG

The Centre for Science and Environment has criticised the Delhi finance minister, Mr Mahinder Singh Sathi, for his reported proposal to slap sales tax on CNG. In a press release, the non government organisation said that nowhere in the world is environmentally cleaner products taxed.

Khurana to seek law on alternate fuel for city buses

Former Delhi chief minister Madan Lal Khurana has assured the representatives of city bus associations that he would initiate efforts to bring an ordinance in the Parliament for introducing an alternate fuel for the city's commercial transport fleet.

G-77 conference begins

Delegates from 63 developing nations began a five-day conference in Teheran on Sunday aimed at increasing trade and economic cooperation among them.

Siege of summits

The decision of the International Monetary Fund and the World Bank to substantially reduce the duration of their 2001 annual meetings in Washington is yet another sign that global economic summits and conferences are now under siege from the streets. After the protests at the G-8 summit in Genoa, the …

Bhopal to host UNDP seminar on decentralisation

The Madhya Pradesh Government in collaboration with the United Nations Development Programme (UNDP) is organising an international seminar here later this week on "Decentralisation - New Opportunities". Delegates from Canada, China, Australia, Brazil, South Africa and different States of India will participate in the seminar.

Method to purify brackish water

The Central Salt and Marine Chemical Research Institute (CSMCRI), Bhavnagar, has developed a cost-effective and compact method to convert brackish water into potable water through thin film composite membrane.

IMF and World Bank agree to debate with activists

The International Monetary Fund and World Bank have agreed to a public debate with leading anti globalisation activists during the organisations annual meetings in Washington next month.

4-point plan for rural development

The Centre has introduced a four-point programme to increase the reach of the rural development schemes and bring about more efficiency in their implementation.

Kerala to welcome private sector investments

After making a mark on the global tourism map, Kerala is planning to announce a new industrial policy to open floodgate for increased private sector investments in the infrastructure and biotechnology sector. In this era of market economy, the State Government is determined to bring about raid industrialisation through increased …

Sweden tops list of knowledge-based economies

Sweden is the world's most knowledge-based economy, followed by the US, South Korea and Finland, with the UK in 13th position, according to a pioneering report by the Organisation for Economic Co-operation and Development to be released.

Sampoorna Gramen Rozgar Yojana gets Cabinet nod.

The Union cabinet approved the Sampoorna Grameen Rozgar Yojana(SGRY) with an annual outlay of Rs 10000 crore aimed at providing speedy development of rural infrastructure.

Handpumps prove a boon for H.P. villagers

The women folk in remote villages in Himachal Pradesh no longer have to cover long distances in scorching heat carrying empty pitches on their heads to fetch water from the traditional sources. Thanks to a network of more than 9,000 handpumps these villages are now getting safe drinking water. The …

NBA hunger strike in Mumbai

The Narmada Bachao Andolan activists, including its chief Ms. Medha Patkar, began an indefinite fast in front of Vidhan Bhavan in Mumbai today to highlight the alleged "failure of the Maharashtra government to address the issues related to resettlement of those displaced by the Sardar Sarovar Project (SP)".Ms. Patkar, who …

China's WTO deal ushers in new era

Negotiators in Geneva gave formal agreement for China's membership in the World Trade Organization.The agreement, which ends 15 years of talks, will change China and the world, the director-general of the WTO, Mike Moore, said.

Sort out CNG tangle: SC

The Supreme Court on Friday directed the Union Petroleum Ministry, Delhi Government and the Amicus Curiae (Friend of the Court) Harish Salve to find ways to sort out the CNG crisis in the Capital by September 21, the next date of hearing. The court also said it would be satisfied …

Govt urges SC to relax Sept 30 CNG deadline

The Delhi government today requested the Supreme Court to relax its September 30 deadline for the CNG drive saying the Centre had failed to supply the required amount of fuel. In its affidavit filed today, a day before the hearing of the case, the Delhi government requested the court to …

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