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 …

UKD advocates e-governance for new hill state

Reiterating its demand to declare Gairsain town in Chamoli district as the permanent capital of the new state of Uttaranchal, the Uttarakhand Krant Dal (UKD) on Wednesday suggested that everyday government activities could go online immediately by adopting e-governance.

Chhattisgarh to have village courts

Chattisgarh will become the first state in the country to have village courts. After a four-hour long cabinet meeting, chaired by chief minister Ajit Jogi, it was decided that the 'gramnyayalayas' will start functioning from Decemer 18 this year, an official spokesman told newsmen here on Tuesday.

China's WTO entry to pose challenge, new report says

A dearth of qualified professionals of sparse natural resources make China ill-prepared for World Trade Organization membership, the state-run China Economic Times reported, citing comments from a senior government statistician.

India protests WTO body's decision

India today joined a vast majority of WTO members in protesting against the Appellate Body's decision to invite amicus curiae (friends of the court) briefs (private individuals/agencies) in the case pertaining to European Communities - Measures affecting asbestos and products containing asbestos. New Delhi's statement at the meeting by its …

Nepal to ban old vehicles to check air pollution

Nepal's cabinet has approved a move to ban pre-1980 vehicles from the streets of the Himalayan kingdom next year to combat growing air pollution, a government official said yesterday. "All vehicles manufactured before 1980 will not be allowed to run in the Kathmandu Valley and other towns of Nepal from …

Apec agrees to 2001 launch for WTO talks

Pacific Rim leaders agreed on Thursday to push for a fresh round of global trade talks next year after US President Bill Clinton forced the pace for free trade at their summit in Brunei.

Turkish dam frustrates Archaeologists

Inch by inch, the rising waters of the newly dammed Euphrates River have been swallowing this ancient city of the Roman Empire: the 2,000-year-old public piazzas, the lavish villas with their exquisite mosaic tile floors, the still-undiscovered buildings with unknown treasures.

Wolfensohn extends Rs 2000 cr aid to contain poverty in AP

The World Bank President James D Wolfenshon has announced a fund sanction to the tune of Rs 2,000 crore to the AP government supporting the proposed 'Rural Poverty Reduction Project'."This amount will be program-linked and released in phases', the bank's president told the press persons here on Friday on the …

Tax taken in developed world at record, says OECD

Tax revenues have risen to an all-time high in the developed world, according to new figures released by the Organisation for Economic Co-Operation and Development.

World Bank sponsors launch of states' reform forum

The World Bank has taken an important initiative to focus on economic reforms at the state level. It has sponsored the launch of a national forum called "India states" reform forum 2000: which is to meet on November 23-25 to discuss "Fiscal and governance reforms for poverty reduction".

Urban India soon to outstrip rural areas

Does India still live in its villages? Increasingly, more and more of it does not. Many states, goes the saying, can no longer afford a romance with thr rural. Nearly a third of India already lives in its towns and cities.In the next two decades, this figure will shoot up …

G20 urged to support economic globalisation

Finance ministers from the world's 20 most powerful countries are set to throw their political weight behind a renewed drive for economic globalisation at their summit in Montreal this week.

Members call for change in WTO dispute system

When the World Trade Organization was created five years ago, a dispute settlement system was set up to finalize trade squabbles. Now, some of the smaller members of the 138-nation WTO are signaling that they have had enough. Led by Japan, a group of countries last week formally proposed altering …

South Asian women worse off than men in every way

In South Asia women take a back seat to men on everything from health care to education to legal protection, says a United Nations-sponsored report. "Women in South Asia may work from dawn to dusk, but their economic contribution is scarcely acknowledged at the national level and their access to …

Changing Times

How do you visualise Ralegan's future ? I would like to see to it that Ralegan doesn't return to its past conditions. Twenty five years ago the social conditions in Ralegan were different

China makes move to join WTO soon

A Chinese trade official said on Monday that Beijing would press ahead with the process of joining the World Trade Organisation, despite concerns that problems will delay membership until next year.

Depriving poor nations from existing global oppurtunities

The latest Human Development Report 2000, released by the United Nations Development Programme (UNDP) recently, says that the global economic integration is creating opportunities for people around the world, but there is wide divergence among countries in expanding trade, attracting investment and using new technologies.

Hell no, we won't sew

One of the promises of globalization is that jobs are distributed to countries that need them and can do them most cheaply. That process brought many Asian nations out of poverty in the past and continues to support millions. What is surprising is that low-cost laborers in Asia are suddenly …

Electric trolley buses for Chandigarh

Bharat Heavy Electrical Limited today gave a presentation to the Punjab Governor and Administrator of the Union Territory of Chandigarh, Lt. Gen. J.F.R. Jacob, on introduction of Electric Trolley Bus System (ETBS) for the city of Chandigarh.

Orissa to implement Rs 220 cr rural livelihood project

The Orissa government has decided to implement a Rs 220 crore western Orissa rural livelihood project in the perenially drought-prone Bolangir and Nuapada districts this year, minister of state for agriculture Amar Prasad Satpathy said.

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