The ongoing turmoil in the international Markets post sub-prime crisis may hamper the growth of developing nations like India and China, said Kemal Dervis, administrator of United Nations Development Programme (UNDP), in Mumbai. "A substantial slowdown in the US Economy will impact the rest of the world. Developing nations contribute …
An unusual scene: Punjab Finance Minister Manpreet Singh Badal seeks blessings from Leader of Opposition Rajinder Kaur Bhattal after presenting the Budget in the Assembly on Monday. CHANDIGARH: While the "model code of conduct' for the ensuing elections to Panchayati Raj institutions in Punjab due from April 7 this year …
Yes and no. Allocations for new projects have diminished in relative importance, but policy pronouncements continue to have an impact. In the media-surcharged atmosphere surrounding the Budget, commentators and gurus are asked to comment on the impact of the budget on various sectors. Of these, infrastructure features as a key …
The fifth (2005) round of the World Bank's International Comparison Program, which produces estimates of the gross domestic product at purchasing power parity prices, has been the most extensive and carefully monitored project so far. The preliminary estimates were noticeable for the large downward revisions of GDP estimates of China …
This paper attempts to define the common people of India in terms of levels of consumption and examines their socio-economic profile in different periods of time since the early 1990s with a view to assessing how the economic growth process has impacted on their lives. The findings should worry everyone. …
The small farmer might be the solution to the ongoing crisis in the farming sector in India. Policies need to be geared towards helping small farmers perform agricultural operations and marketing their products with greater efficiency. Instead, current policies are hoping to dispossess farmers of their livelihood and push them …
The Reserve Bank of India's tight money policy by way of high interest rates to contain inflation coupled with the chilly winds blowing across the globe appear to have led to a slowdown in the economy with the country's industrial growth shrinking to less than half at 5.3 per cent …
The Rajya Sabha on Wednesday witnessed noisy scenes with MPs, cutting across party lines, targeting the Government on the issue of Special Economic Zones (SEZs). They accused it of allowing corporate and industrial houses to grab land from farmers and ignoring violation of the SEZ Act by developers. Though the …
Induction of fresh blood and ideas into the apex chamber, changing the common perception that all the business does with the Government is to seek sops for itself and contributing to the nation-building efforts by taking on and addressing the real issues of governance besides working for a sustainable and …
Maharashtra governor SC Jamir on Monday asserted that despite suicides by farmers and burgeoning power deficit, the state continues to attract investments of Rs 1,14,000 crore by steamlining the procedures as well as by offering single window clearance for fast track approvals. Jamir, who took over an additional charge as …
Japan on Monday approved a massive loan package of about Rs. 7,074 crore in the form of soft loan assistance for various projects including Delhi and Kolkata Metro, infrastructure project in Tamil Nadu, transmission project in Haryana and road projects in Hyderabad. The areas to be covered under the new …
Chief Minister Tarun Gogoi on Monday presented a Rs. 2819 crore deficit budget for the 2008-09 fiscal and announced a number of sops and projects to be undertaken by his government during the year. Mr. Gogoi also announced the introduction of gender budgeting in the State starting with 12 departments …
The Karnataka Budget for 2008-09 presented by Union Finance Minister P. Chidambaram had no fanfare, no announcements of new schemes and no new "populist' initiatives. Mr. Chidambaram presented the budget proposals for the State for 2008-09 in the Lok Sabha on Monday. He presented estimates for expenditure and receipts for …
The entire Opposition continues boycott of the Assembly session for the third day VAT on wheat flour, maida, pulses down to 1 p.c. Water tax and sewerage tax to be abolished DEHRA DUN: Chief Minister Bhuwan Chandra Khanduri presented a Rs.1,794-crore revenue surplus Budget for 2008-09 in the Uttarakhand Assembly …
The government has made significant allocations to important developmental and social agenda, and yet provided enough stimuli for continued growth. The budget announced last week by the finance minister sets some important and healthy precedents for the future. It is clear from the budget that the government recognises the additional …
'Brand Gujarat' is on the roll and the state government is aiming to reach out globally this time. To ensure an accelerated industrial growth of about 15 per cent for the next five years, the state government plans to come up with a
The Rs. 35,000-crore Mangalore Special Economic Zone Project appears to have suffered a setback as a Central committee of experts has advised the Ministry of Environment and Forests against going ahead with Phase II of the project, according to information available on the website of the Ministry. At a meeting …
Urging the people from the cross-sections of the society not to ponder much over what the Northeast region got and what it did not from the recently announced General Budget, Prof Dr Madhurjya Bezbaruah of Gauhati University instead said that the focal point should now be to keep a close …
The Union budget has sought to send a message that the government will do all it can to rein in inflation even while maintaining the growth momentum. The Prime Minister had made the point earlier that no government can be oblivious to the objective of ensuring price stability without hurting …
WORLD Bank on Tuesday launched a new catastrophe loan facility and revised an existing contingency credit line designed to help increase its business with middle-income countries. The World Bank board on Tuesday approved the Catastrophe Risk Deferred Drawdown Option that will give middle-income countries access to emergency funds in the …
