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. …
Known as the “apple state” of the country for the past five decades, Himachal has undergone a silent transformation with “vegetables” overtaking the premium fruit as the main cash crop. While the production of apple has been fluctuating, the outturn of vegetables has been constantly on the increase and accordingly …
PARIS: Greenhouse gases are on track for inflicting costs of nearly $2 trillion annually in damage to the oceans by 2100, according to a Swedish study published on Wednesday. The estimate by the Stockholm Environment Institute is based on the assumption that climate-altering carbon emissions continue their upward spiral without …
A decision on deregulating fertiliser and diesel prices could be taken as early as the first quarter of 2012-13 with the finance ministry keen to ensure that expenditure on oil subsidy stays within Budget. “We would expect a decision on deregulating diesel prices by June this year as there is …
New Delhi: Finance minister Pranab Mukherjee on Monday hinted at a hike in diesel and cooking gas (LPG) prices after the Budget session, saying political consensus for this will be built after the session. “... After the Budget session is over, I shall discuss with various state governments, chief ministers, …
Confirming that the Centre would miss its fiscal and revenue deficit targets for 2011-12, the Economic Survey on Thursday called for a rapid fiscal consolidation in order to spur growth and also to prevent unemployment. “With a sharp decceleration in real GDP growth, particularly in the industry sector and continued …
The 'Project for Clean Energy Promotion in Male' which is a project which promotes rooftop based grid connected solar photovoltaic (PV) systems in Male granted by the Japanese government has been handed over to the current administration. At a ceremony held at Hiriya School the Japanese ambassador to the Maldives …
Contrary to the claims of puppet authorities of making all round development, every fifth citizen of the territory is falling under BPL (Below Poverty Line). The Economic Survey Report 2011-2012 revealed that 21.63 percent population of the occupied territory is falling under BPL category, which includes 26.14 percent rural population …
After Portugal's driest February in 80 years, farmers are praying for a miracle as drought ravages pastures and sparks forest fires, exacerbating the country's economic crisis. Worse still, official forecasters expect the freak weather pattern to prevail at least through the end of March, which would worsen a drought now …
Govt. of Punjab has launched a mega project “Punjab Irrigated – Agriculture Productivity Improvement Project” (PIPIP) of Rs 36 billon to bring revolutionary change in irrigation sector with an aim of crop per drop. This was said during a project briefing session to representatives of World Bank (co-sponsor), farmers and …
India’s economy grew by 6.1 per cent during Q3 of this fiscal, its slowest pace in over two years, with manufacturing and mining sectors dragging down growth from the 8.3 per cent clocked during the corresponding year ago period. The moderation in growth rate, which comes ahead of RBI’s monetary …
Signalling increasing emphasis on healthcare, the government has decided to boost public spending in the sector to 2.5 per cent of GDP from the current 1.4 per cent over five years. The Prime Minister’s Office has directed the Planning Commission to allocate funds during the 12th Five-Year Plan. The increase …
DIBRUGARH, Feb 27 — The Government of India and the Asian Development Bank (ADB) today signed an agreement for the third and final tranche of loan amounting to $ 50 million. This is the third and last tranche of the total $ 320.6 million MFF, out of which loan assistance …
The State Government’s claim of increasing the growth rate has fallen flat. In Madhya Pradesh, the Gross Domestic Product (GDP) for the year 2010-11 was recorded at 8.17, whereas in 2009-10 it was 10.50. Thus it clearly indicates a downfall of more than 2 per cent in GDP of the …
New Delhi: The economy is expected to grow in the range of 7.5% to 8% in the fiscal year ending March 2013, the Prime Minister’s Economic Advisory Council said on Wednesday, but cautioned that the government must unveil steps to repair public finances and rein in subsidies to bring the …
The Pakistan’s estimated production loss to the economy is 2 per cent of the GDP per annum and may be more due to power shortages and load shedding which have adversely affected economic and commercial activities. The World Bank (WB) in its report reveled that power generation in Pakistan is …
Investment and price assurance for farmers will yield the results that have eluded our policymakers so far. India has been striving to achieve 4% growth rate in farm output since the beginning of Ninth Five-Year Plan. However, actual growth rate has remained invariably lower than the targeted growth rate. Further, …
Even as the government is pushing through Congress president Sonia Gandhi’s pet project - the National Food Security Bill - two key members of the Cabinet - Finance Minister Pranab Mukherjee and Agriculture Minister Sharad Pawar - today voiced their concern over crucial aspects related to the proposed law that …
A-I to be allowed to raise Rs 7,400 cr. A Group of Ministers today recommended allowing airlines to import jet fuel directly, a move that would help them cut fuel costs by up to 20 per cent. The GoM also approved a plan to recast Air India’s debt of Rs …
India’s economy is expected to grow by 6.9% in 2011-12, the slowest pace of expansion in three years, dragged down by sluggish industrial growth and a decline in the mining sector. Data released by the Central Statistics Office on Tuesday showed growth in 2011-12 is estimated to be a shade …
NEW DELHI: India's gross domestic product (GDP) is estimated to grow an annual 6.9 per cent in the 2011/12 fiscal year, a government statement said on Tuesday, citing provisional estimates. Farm output is expected to grow 2.5 per cent, while manufacturing sector is seen growing an estimated 3.9 per cent …
