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 …

MORE POWER

The first private sector thermal power plant was commissioned recently in Colombo with the help of the government which added an additional 22.5 MW of power to Sri Lanka's national grid. Such efforts of the government is expected to reduce the country's over-dependence on hydro-power. Following the last year severe …

India to seek more time on IPR row

India is likely to ask for the maximum time permissible for 15 months for putting in place the patent protection mechanisms required by the World Trade Organisation. As the WTO's appellate body has agreed with the initial WTO ruling on the US complaint that India failed to comply with the …

Nasa launches rocket to moon

Nasa headed back to the moon for the first time in 25 years on Tuesday night, launching an orbiting spacecraft to look for water that could one day be used by human settlers.

India to get $200 m UNDP grant

India will receive a $200 million grant from the United Nations Development Programme for aiding its ninth plan objectives on infrastructure technology and employment . The grant, which will come under the first ever "country cooperation framework" programme undertaken by UNDP will support 10 development areas under one umbrella and …

Ford unveils low-emission vehicle programme

Ford Motor Co aiming to appear as environmentally friendly as its Japanese competitors, announced an expansion of its low emission vehicle programme to include all of its 1999 model year sport/utility vehicles and Windstar minivans.

$200 million UNDP grant for Ninth Plan projects

India will receive a 200 million dollar grant from the United Nations Development Programme (UNDP) for aiding its Ninth Plan objectives on infrastructure, technology and employment.

Japan left with the heaviest UN financial burden

When the new millennium dawns Japan will pay nearly as much into United Nations coffers as the US, the single largest contributor-if it pays-under the latest financing scheme passed by the General Assembly.

Political conflict in Bangladesh

Ever since the inception of Bangladesh in 1972 its politics have been featured by several types of seemingly endemic conflict, some of which have been associated with either periodic outbursts of violence or prolonged relatively low-key armed confrontations. The objective of the present study is that of placing the different …

Ban on advertising

a ban on tobacco advertising in the European Union ( eu) is on the anvil. The Netherlands, which holds the crucial swing vote, is likely to vote for a ban on tobacco advertising. The Dutch move is at odds with the uk government which wants to back tobacco advertising curbs …

Bangladesh can become middle income country by 2020

World Bank country director Pierre Landell-Mills said that Bangladesh could become a middle-income country by the year 2020. Releasing a report titled "Bangladesh 2020: A Long-run Perspective Study" he said that Bangladesh must take steps to manage very rapid urbanisation.

Bengal druws up Rs 50- cr plan for tourism

The West Bengal government has chalked out a plan for implementation of a number of tourism related projects involving more than Rs 50 cr. These projects are expected to take shape in the next four to five years. "The state has identified four major tourism destinations-Sunderbans, Shankarpur, Murshidabad and Dooars …

Far-flung galaxy clusters may reveal fate of universe

A survey of galaxy clusters by NASA's Hubble Space Telescope has found what could be some of the most distant clusters ever seen. If the distances and masses of the clusters are confirmed by ground-based telescopes, the survey may hold clues to how galaxies quickly formed into massive large-scale structures …

Global employment situation grim

ILO : World Employment Report 1998-99 published by International Labour Organisation (ILO) has emphasised education and training as the tools for combatting unemployment. It has called on nations facing rapid globalisation and competitive pressure to urgently invest in developing the skills of its work-force to find a way out of …

Textile units to get Rs 25,000 cr for tech upgradation

The textile ministry has forwarded the proposal to set up a Technology Upgradation Fund, which envisages a 5 per cent interest rate subsidy to comapanies on funds taken by them for modernisation and upgradation of units, to the Union cabinet for clearance.

$19.5-m IBRD aid for rural women's project

the World Bank has extended a line of credit amounting to $ 19.5 millions to the Government of India for a rural women's development and empowerment project, estimated to cost $53.8 millions(equivalent to Rs. 2,32.2 crores) and spread over six States.

UNDP gives $14m aid

The United Nations Development Programme committed grant assistance worth $14 million for the development of the leather, fibre and handicraft sectors in the country. The assistance will support major initiatives of the government of India with a special focus on artisans and small and micro-entrepreneurs, especially in the unorganised sector.

Cattle clones may provide hope for endangered species

Government scientists in Auckland, New Zealand have revealed the successful cloning of a calf from the last surviving female member of an ancient herd of short-horn cattle. It says the breakthrough with Elsie represents new hope for endangered animals. The goverment owned AgResearch Ruakura, said the small black and white …

Labour s love lost

britain's governing Labour party's abrupt volte-face on November 5 on the plan to ban Formula One racing sponsorship by tobacco companies has become as a major embarrassment. This was one of the electoral promises of the party before the general elections in May, which it won by a landslide. Recently, …

Indian named world water commission member

Indian environmentalist Anil Agarwal, the director of the New Delhi based Centre for Science and Environment (CSE), has been appointed a member of the World Commission on Water, which will prepare a long term programme to address the impending water crisis in the 21st century. The World Water Council (WWC), …

India to seek changes in WTO terms

India will seek amendments to some World Trade Organisation (WTO) agreements at the special general council meeting in Geneva on September 24 and 25. Commerce ministry officials said India would take an aggressive stance on several issues.

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