Economy

Sub-Saharan Africa’s Economic Outlook 2025: Navigating Uncertainty and Aligning Policy for Sustainable Recovery

The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …

Empower civil society

In his address to parliament, president K R Narayanan said that the new government's development strategy will rest on a 'triad': the government will provide a strong policy and regulatory leadership; the private sector will bring dynamism and efficiency to the economy in a competitive environment; and, local democratic institutions …

Poor nations lose advocate as Stiglitz leaves World Bank

Joseph Stiglitz's resignation as the World Bank's chief economist removes from Washington perhaps the most outspoken voice in the debate over rich countries can best aid economic development in poor and crisis-afflicted nations.

Developing nations take on bigger role in WTO

With big industrial nations struggling to agree on a framework for the next round of talks on liberalizing world trade, developing countries, which often balked at such efforts in the past, are investing a newfound zeal in the process. The deeper involvement of developing nations comes partly with their growing …

India to oppose West move to expand Seattle agenda

India will oppose all the efforts of the developed West to link up world trade with issues relating to multilateral agreement on foreign investment, labour , environment, and other social issues at the forthcoming Seattle ministerial meeting on World Trade Organisation. The developed West, notably United States and the European …

National seminar on micro-irrigation system

A two-day national seminar on "Problem and prospects of micro-irrigation-- a critical appraisal" will be jointly organised at Bangalore from November 19 by the Micro Irrigation Society of India and agricultural engineering division of Institution of Engineers.

KUWSDB plans 1342 crore drinking water project

The Karnataka Urban Water Supply and Drainage Board (KUWSDB) is implementing a Rs. 1,342 crore project to supply drinking water to 148 cities and towns in the State. The project spread over the next four to five years will be implemented with financial assistance from the Housing and Urban Development …

US paves the way for China's entry into WTO

The United States and China signed an agreement that will pave the way for China's entry into the World Trade Organisation. The agreement was signed by US trade representative Charlene Barshefsky and minister of foreign trade and economic cooperation Shi Guangsheng on behalf of their respective governments.

U.S. and China step up on WTO pact

U.S. and Chinese negotiators are in the midst of unexpectedly extensive trade talks - the clearest sign yet that both sides are trying hard to reach a deal before the World Trade Organisation starts a new round of global trade negotiations later this month.

Poverty in Pakistan increases to 33 percent in 1999

Overall poverty in food has increased from 24 percent in 1993-94 to 33 percent in 1998-99, says a study on poverty profile by Pakistan Institute of Development Economic (Pide).Conducted by Dr Sarfaraz A. Qureshi and Dr G. M. Arif, the research paper concluded that poverty which had declined sharply during …

India seeks special treatment for developing countries

India and 11 other developing countries have submitted a joint proposal to the World Trade Organisation(WTO) for consideration at the Seattle ministerial confreent . The countries are Cuba, Dominican Republic, Egypt, El Salvador, Honduras, Indonesia, Malaysia, Nigeria, Pakistan, Sri Lanka and Uganda.

Two awarded for poverty alleviation efforts

The United Nations Development Programme (UNDP) Resident Representative in India, Ms. Branda Gael MsSweeney, presented the Youth Volunteers Against Poverty Awards 1999 to Ms C. Devika from Salem and Mr. Khem Raj Sharma from Jammu.

US backs call to aid poor nations

The US and five developing countries called on the World Trade Organisation to launch a new action agenda to boost participation by poorer nations in the global trading system through strengthened co-operation with other international agencies. The sponsors want the proposal to be adopted by trade ministers when they meet …

Project to provide basic amenities to Gujarat villages

If all goes well, by 2003 all villages in Gujarat will have the basic amenities of approacth roads, pucca roads from the village entrance to the courtyard, primary schools, electrification and individual and community latrines. Ironically of the total 18,144 villages in Gujarat more than 18,000 villages were bereft of …

India, China get membership of G-20

India and China, by virtue of remaining unscathed in the Mexican and Southeast Asian currency crisis, find themselves included in the new super-club called the Group of Twenty (G-20). It also marks the beginning of a new era where India has emerged among the major players who will have a …

Robert Mundell wins Nobel prize for Economics

Robert A mundell of Columbia Univesity in New York today won the Nobel prize for economic sciences for his analysis of monetary and fiscal policy under different exchange-rate regimes. The Canadian-born economist "has established the foundaiton for the theory which dominated practical policy considerations of monetary and fiscal policy in …

Houston chokes as smog levels rise

Los Angeles has long been the most polluted city in the US, but Houston appears poised to take over that dubious title. City officials said that Houstan has had 44 days in 1999 where ozone levels exceeded federal health standards, compared to 43 for Los Angeles, marking the first time …

Power project cess quashed

In a significant judgement the cess imposed by the Himachal Pradesh Pollution Control Board on hydroelectric projects of the Punjab State Electricity Board and Haryana State Electricity Board, was quashed by the Himachal Pradesh High Court as per the decision reported in Chandigarh, saving the Punjab State Electricity Board Rs …

Autorickshaws spew poison in Faridabad

Air and noise pollution in Faridabad is rising rapidly with the authorities turning a blind eye to the menance, which has already reached alarming proportions. A study recently conducted by a private organisation revealed that dust particles and carbon monoxide levels are 165 per cent and 34 per cent over …

WTO panel on technology transfer lkely

The Seattle ministerial conference, scheduled for end-November, is expected to set up a working group each on technology transfer and trade and debt, and undertake a work programme on trade and finance.

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