Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
This year, World Environment Day comes at a time when India’s growth story has run into trouble. With growth at a nine year low of 5.3% in the first quarter, it may seem like an odd time to talk about green growth, which requires re-evaluating fundamental choices made to fuel …
Alarm bells are clanging as economic growth nosedived to a nine-year low, core sector output continued to flounder, and the fiscal deficit widened, buttressing worries arising from intensifying macroeconomic headwinds and a sharp drop in business sentiment. The country’s annual economic growth recorded a dramatic slide in the January-March quarter …
Food and Disaster Management Minister Dr Muhammad Abdur Razzaque yesterday said poor sanitation causes about 6.3 percent loss in the country's GDP, said a press release. Safe water supply is one of the biggest challenges in combating disaster and government and NGOs must act in a coordinated manner to combat …
Greenhouse gases from the European Union rose more than 2 percent in 2010 when a cold winter and a rebound in many economies drove up energy use, breaking a multi-year pattern of emissions declines. The year-on-year rise in the official EU data released on Wednesday was slowed by emissions declines …
Asia-Pacific governments are being urged to take the lead in transforming their economies towards the green growth path as a way to balance economic growth and ecological losses. The United Nations Economic and Social Commission for Asia and the Pacific yesterday launched "Low Carbon Green Growth Road Map for Asia …
KOLKATA, 27 MAY: Union finance minister Mr Pranab Mukherjee today said that the ministry has set a target for collection of direct taxes of Rs 5.7 lakh crore for the 2012-13 financial year with hassle-free income-tax return. He said this while inaugurating an Aaykar Seva Kendra (ASK) in the income-tax …
Germany has asked for discussion on deeper EU carbon emissions cuts to be put on the agenda at a meeting of environment ministers in June, EU sources said. If agreed, a more ambitious target could help to spur the European Union's carbon market, which has sunk to record lows. Previous …
China's central government plans to spend 170 billion yuan ($27 billion) this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said in a statement on its website on Thursday. The ministry said China plans to promote more use of energy-saving products and low or …
The United Nation Economic and Social Survey of Asia and Pacific (ESCAP) has projected the economy of Pakistan to grow by 4 per cent during the year 2012. According to a report launched by ESCAP on Thursday, the Gross Domestic Product (GDP) in Pakistan is projected to grow by 4 …
The Annual Plan for 2012-13 for Haryana was today finalised at Rs 26,485 crore, which is a handsome 30 per cent hike over last fiscal’s plan of Rs 20,358 crore. This was announced after a meeting between Deputy Chairman, Planning Commission, Montek Singh Ahluwalia and Chief Minister of Haryana, Bhupinder …
The ongoing rapid industrialization of the world's advanced developing economies means global emissions of heat-trapping gases will by the end of the decade exceed safe levels by far more than previously expected, according to a report published Friday. The report from PBL Netherlands Environmental Assessment Agency said global greenhouse gas …
The infant mortality rate in Pakistan is very high and there has been no decline in malnutrition rate in children under the age of 5 over the past 30 years, health specialists agreed on Sunday. They were speaking at a dialogue forum on 'Political Parties & The Health of People …
Unless there is a fundamental shift in the mindset away from one which separates the rural from the urban, Indian planning cannot address the challenges of urbanisation in our present stage of development. This column typically presents case studies of urban transformation to show the good work that is going …
The World Bank (WB) has allocated an unprecedented amount of $1.8 billion for Pakistan’s development projects, mainly in energy sector, in the current year, Finance Minister Dr Abdul Hafeez Shaikh said after holding a meeting with World Bank Vice President Isabel Guerrero on Friday. Pakistan’s ambassador to the United States …
The per capita energy use in South Asia remains the lowest among all developing regions even after an increase of 51 per cent from 340 to 514 kilograms of oil equivalent between 1990 and 2009, reveals new statistics released by the World Bank on Friday. But the structure of fuel …
Asia's rapid growth is leaving millions behind, causing a widening gap between rich and poor that threatens to undermine the region's stability, according to a new report from the Asian Development Bank (ADB). "Another 240 million people could have been lifted out of poverty over the past 20 years if …
India may be growing as fast as the other BRICS economies, but its spending on healthcare is much lower. Data from World Bank confirm that among the comparable BRICS nations, which have similar socio, political and economic influence in the globe, India spends the least on public healthcare. As the …
Inadequate sanitation causes Pakistan economic losses totalling $5.7 billion or Rs 343.7 billion each year. This is equivalent to 3.9 percent of the country’s gross domestic product (GDP). This was revealed in a new report published by the Water and Sanitation Programme (WSP) on Thursday, a multi-donor partnership administered by …
Both communist China and democratic India are witnessing a similar syndrome; a widening rich-poor gap, according to a new report from the Asian Development Bank (ADB). The Gini coefficient –– a key measure of inequality –– increased in China to 43 from 32 and in India to 37 from 33 …
India is expected to grow at 6.1% in calendar year (CY) 2012, similar to the pace recorded in the fourth quarter of 2011, according to the Ernst & Young’s quarterly Rapid Growth Markets Forecast (RGMF). Growth should be picking up in H2, 2012, provided the global economy does not experience …
