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
The Department of Economic Affairs has asked State Governments to go ahead with infrastructure projects to improve the growth rate of the country. DEA Additional Secretary Sindhushree Khullar described the public-private partnership (PPP) route as an unavoidable option to reduce the glaring infrastructure deficit that is visible across states. She explained that the DEA had worked with the rating agencies to develop a framework for grading infrastructure projects that would help investors identify the risks involved in the projects.
Chief Minister Tarun Gogoi today claimed that Assam has made immense progress in the two years since the Congress-BPF combine came to power. In a function organised to mark the completion of two years of governance, Gogoi went to town showcasing what he called marked achievements, and took pot shots at his detractors. Gogoi asserted that Assam was clearly on the right track towards development, with a host of schemes for the uplift of the poor and the unempowered. Noticeable differences were being felt in different sectors with more funds being made available for development purposes.
Orissa has lifted around 3 million people out of poverty and has made the strongest fiscal turnaround among all states six years between 2000 and 2006. Over 45 per cent of Orissa's population is, however, still living below poverty line. Stating this, a forthcoming World Bank study on Orissa whose main findings were released today, lauded the efforts of the state government to achieve its goal to bring down the poverty level to below 10 per cent by 2020. The study "Orissa in Transition: From Fiscal Turnaround to Rapid and Inclusive Growth" was conducted by the World Bank in 2007.
India and Egypt are on course to rebuild their ties by adding solid economic content to their relationship. The visiting Minister of state for commerce and power Jairam Ramesh held talks with Prime Minister of Egypt Ahmed Mahmoud Mohamed Nazif. He also met the Ministers of investment, communications and information technology, finance, transport as well as trade and industry. These meetings took place on the sidelines of the World Economic Forum (Middle East) where Mr. Ramesh is representing India as Prime Minister Manmohan Singh's special envoy.
India has signed $42 million "Country Programme India 2008-2012' with the United Nations Industrial Development Organisation (UNIDO) to strengthen the competitiveness and productivity of its industrial enterprises, with a special focus on employment generation and the greening of industry.
The government plans to spent Rs 20,000 crore to develop
Uttarakhand Chief Minister B.C. Khanduri has urged the Congress-led United Progressive Alliance Government at the Centre to extend the period of special industrial package granted to the State till 2013 to facilitate its industrial and economic development. In this connection, Mr. Khanduri met Union Commerce and Industry Minister Kamal Nath here over the weekend. The Chief Minister told Mr. Nath that initially while granting the package to the Himalayan State till 2010 the Centre had promised to reconsider extension of the Concessional Industrial Package for the benefit of the State.
Recent official economic data reinforce the perception of a slowdown. Industrial production increased by just 3 per cent in March 2008, the lowest in six years. For the entire year 2007-08, the growth rate is estimated to be 8.13 per cent, more than 3 percentage points below the previous year's figure of 11.6 per cent. Though the Planning Commission has maintained that industrial growth being at the lower end of the anticipated band of 8-8.5 per cent was entirely exp ected, the drop in the rate has several negative connotations for the macroeconomy.
The growth of six core infrastructure industries declined to 5.6 per cent in 2007-08 from 9.2 per cent in 2006-07. However, in March , the growth in these sectors stood at 9.6 per cent compared to 10.5 per cent in March 2007, according to the latest data released by the Government here on Thursday.
Maharashtra Finance Minister Jayant Patil has floated a consultation paper on the concept of creating an exclusive club of progressive states to act as a pressure group for their developmental needs. A meeting of the potential members could take place in the next four months. Patil said he had received "overwhelming response" from progressive states like Gujarat, Maharashtra, Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.
