Tunisia’s already modest economic recovery almost halted in 2023, amidst a severe drought, tight financing conditions and the modest pace of implementing reforms. With this slowdown, the Tunisian economy
By almost every measure, China's growth is extraordinary. But behind the astonishing statistics is a more complex reality. (Editorial)
The Indian economy is expected to have grown at 9.08 per cent in 2007-08, as against 9 per cent reported earlier, Finance Minister P Chidambaram told Parliament today even as the UPA government won the trust vote in the Lok Sabha to remain in power. "Despite predictions of gloom and doom, I had always maintained that the year will end with a growth rate close to 9 per cent. At the end of the year we have reported 9 per cent; but more refined estimates now place the growth rate at 9.08 per cent," Chidambaram told the Lok Sabha during the debate on the trust vote.
Govindraj Ethiraj / Mumbai July 22, 2008, 0:34 IST Last week, I caught up with the head of a large steel company. "We are losing a few hundred crores every month because of the government's anti-inflationary move to hold steel prices," he told me. I asked him how demand was doing, particularly from sectors like auto. "We've cut our production of cold rolled steel by almost half," he said, adding that global steel prices were ruling at a premium of roughly 30 per cent to domestic. And there was no way to pass on their own input price increases.
WITH just a day to go for the crucial vote in the Lok Sabha, all eyes are on Parliament.
Explosive growth in offshoring may put pressure on wages and other costs in countries such as India, a World Trade Organization (WTO) report has said. "Offshoring is not without its risks and costs to financial institutions...explosive growth in offshoring may put pressure on wages and other costs in countries such as India," the recently released WTO report on trade in a globalised world said.
Indian policymakers are fascinated by Shanghai and they seek to develop Mumbai into another Shanghai. This vision is based entirely on the fascination with the Shanghai/Pudong skyline, without any substantive understanding of or facts about the growth in the Chinese city. True, there has been rapid growth in Shanghai, but most of this growth has been to the benefit of corporations (public sector and foreign controlled), little has gone to the city's households. Since the late 1990s, the poor of Shanghai have in fact seen a relative decline in incomes vis-
PANJIM, JULY 17
Free power to irrigation pumpsets up to 10 HP from August 1, loans at three per cent interest to farmers, weavers and fishermen, enhanced retirement for government servants and a substantial allocation for development of infrastructure were the highlights of the revised State budget presented by Chief Minister Yeddyurappa on Thursday. The BJP government in Karnataka today announced free power to irrigation pumpsets (IP) up to 10 HP from August 1 apart from loans at three per cent interest to farmers, weavers and fishermen, to fulfill its pre-election promise.
V. R. Krishna Iyer Sovereign India is justly sceptical about the Manmohan Singh government's specious nuclear strategy. There are shining victories to be won in the cause of peace and social justice. We shall reach the new freedom by not submitting to economic slavery
Beneath the glitter of impressive economic growth rates, India faces a silent crisis: a shortage of skills. The longstanding problem gained fresh relevance after the economy changed tack in the 1990s. New situations call for new solutions. An altered pattern of employment
