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. …
Fears of a possible ban on exports of iron ore from Goa has divided the mining industry in the state with the larger, organised players blaming the unorganised companies for the mess. The ministry of mines appointed the Shah Commission to investigate allegations of rampant illegal mining in Goa, after …
Pakistan’s under Millennium Development Goals (MDGs)) is committed to supply 93 percent of the population of the country with safe water and 64 percent of the population with adequate sanitation by year 2015, as World Health Organisation (WHO) estimated that 97,900 people die every year in the country due to …
Bangladesh has enhanced its status by one notch to 95th among 110 nations in a worldwide assessment of wealth and quality of life. The country was ranked 96th in the last year's Legatum Prosperity Index that provides the only global assessment of national prosperity based on both wealth and well-being. …
Flagship Schemes Will Be Given Funds Linked To Usage Due To Cash Crunch New Delhi: Facing a tight financial situation, the government is thinking of trimming the payout to its mega flagship schemes such as Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) and the Sarva Shiksha Abhiyan (SSA). While …
China, one of the biggest culprits when it comes to carbon emissions, plans to impose ‘green tax’ as it struggles to meet its commitments to reduce the emission targets by 2015. China will “actively promote reforms in environment related taxes” and “conduct research regarding the collection of an environmental tax’’, …
Bolstered by industrialization, India is projected to grow at a faster clip than neighbouring China with a 9 per cent economic expansion in 2013, says a report by global consultancy firm Ernst & Young. It cautioned, however, that India needs to tackle rising inflation and said the country's growth this …
India needs a comprehensive energy policy instead of today’s patchwork of different rules With an ugly power crisis rearing its head, most citizens have braced themselves for a Diwali of blackouts. What threatens the country’s energy security today emanates not from volatile markets, or from an inimical state across the …
Official conservative estimates suggest that floods in Sindh would affect the gross domestic product (GDP) by about 0.5 percent and GDP growth would be at around 3.7 percent of the GDP against the target of 4.2 percent in 2011-12. A senior official at Ministry of Finance informed here on Wednesday …
Thailand's budget deficit would be far higher than planned because of the worst flooding in 50 years, the government said on Tuesday, and people in Bangkok were told not to drop their guard even if the immediate danger to the capital had passed. Flooding in the north, northeast and center …
The Centre for Monitoring Indian Economy (CMIE) has revised the economic growth forecast for the current year downwards to 7.9% from the earlier 8%; which is above the majority view of 7.5%. "The decline in forecast is entirely because of scaling down for the industrial sector," CMIE said in its …
The United Nations has placed Pakistan among the ‘water hotspots’ of Asia-Pacific region, saying that the country is facing major threats of increasing water scarcity, high water utilisation, deteriorating water quality and climate change risk. Changes in weather patterns across the world have increased occurrences and intensities of extreme events …
Flooding forced the evacuation of hundreds of inmates from a prison in central Thailand on Thursday and a prominent think tank slashed its forecast for economic growth this year as farmland was inundated and a big industrial estate had to close. At least 244 people have been killed in floods …
Inadequate sanitation causes a loss of $ 4.22 billion (Tk 30,000 crore) in Bangladesh every year. The amount is equivalent to 6.3 percent of the country's GDP in 2007, reveals a new report. The report, 'The Economic Impacts of Inadequate Sanitation in Bangladesh', has been published by the Water and …
China, the world's biggest carbon dioxide emitter, will meet near-term goals to fight climate change but quick economic growth will mean C02 emissions will be higher than previously thought, researchers said on Tuesday. China's quick adoption of clean energy will help it exceed emissions-to-GDP targets agreed last year, but its …
To mark October as the "Breast Cancer Awareness Month" the Pink Ribbon National Breast Cancer Awareness Campaign held a ceremony in memory of 40,000 women dying every year with breast cancer in Pakistan. Speaking on the occasion National Co-ordinator of the Pink Ribbon Omer Aftab said that Pakistan has the …
Climate change will cause damage in Canada equivalent to around 1 percent of GDP in 2050 as rising temperatures kill off forests, flood low-lying areas and cause more illnesses, an official panel said on Thursday. The National Round Table on the Environment and the Economy said Canada's Conservative government - …
Prime Minister Manmohan Singh has formed a Group of Ministers (GoM) headed by Agriculture Minister Sharad Pawar to look into and resolve inter-ministerial differences that forced deferment of the new National Manufacturing Policy by the Union Cabinet last week. The National Manufacturing Policy, placed before the Cabinet on September 15, …
In terms of purchasing power parity, post-tsunami Japan economy likely to shrink while India may grow at 7-8% India might become the world’s thirdlargest economy in 2011 by overtaking Japan in terms of gross domestic product (GDP) measured according to the domestic purchasing power of the rupee, otherwise called purchasing …
Differences delay mfg policy again: Labour, Environment Mins Differ With Commerce, Industry On Workers, Green Laws New Delhi: Differences within the government have deferred a cabinet decision on the much-awaited national manufacturing policy (NMP) with the policy to be further vetted to iron out issues regarding relaxing environmental and labour …
After almost coming on board, Environment and Forests Minister Jayanti Natarajan today scuttled a cabinet proposal by Commerce and Industry Minister Anand Sharma to put in place a national manufacturing policy. The policy is likely to be referred to a group of ministers with a direction that inter-ministerial issues be …
