Finance

Annual SDG Review 2025: Financial inclusion in the Arab region

Nearly 65% of adults in the Arab region remain excluded from formal financial systems, according to a new report by the United Nations Economic and Social Commission for Western Asia (ESCWA). The Annual SDG Review 2025 paints a sobering picture of persistent financial exclusion that is undermining the region’s ability …

Setting up shop

INDIAN science is being made to go commercial. With funding cuts and a new technology policy that aims at enabling India to fulfill its role in the "global economic environment", the ministry of science and technology has been working to turn the various scientific institutions in the country away from …

Little to show for crores of rupees spent

MANY OF the nation's premier scientific establishments have utilised government funding poorly and failed to meet their 1991-92 objectives, complains the office of the Comptroller and Auditor General (CAG). The CAG report, placed before Parliament on May 7, made its complaint on the basis of an audit of the working …

Spending inefficiently

• Although the ministry of non-conventional energy sources spent Rs 69 crore -- 62 per cent of its expenditure on solar energy programmes -- on installing solar photovoltaic devices during 1986-92, evaluation studies indicate most of the units are not functioning because of "lack of proper maintenance, poor performance of …

No money for labs in antibiotics research

THE RESURGENCE of infectious bacterial diseases in the developed world is proof that the battle against them is not over. But there has been no corresponding surge in drug research, because multinationals consider large investments in research to be uneconomical (Science, Vol 257, No 5073). Scientists warn against complacence in …

Sidelining sanitation

BURDENED by repayment of its enormous external debt, the Peruvian government has been forced to cut down its budgeting for health and sanitation facilities, even though a cholera epidemic claimed about 4,000 lives there in 1991 and diarrhoeal diseases kill about 17,000 children each year in the country. The deteriorating …

Not much for greenery

There is mixed official opinion on the budgetary allocation for environment, which shows an increase of Rs 40 crore over the previous year's amount of Rs 329.81 crore. But, says Vinay Shankar, additional secretary, MEF, "The real increase this year is by about Rs 66 crore. We should take into …

Energy funding shifts to hi tech projects

FINANCE minister Manmohan Singh contends non-conventional energy sources (NCES) have been given a boost through customs duty reductions of upto 20 per cent on a variety of items and continuation of the tax holiday for renewable energy projects. Funding for solar and wind energy programmes have been raised from 22.9 …

Bickering stalls formation of R&D authority

MINISTER of state for science and technology P R Kumaramangalam's announcement of the formation of a body to select and finance industrially useful projects is caught in a contention over its funding and scope. Hectic meetings are under way in New Delhi's Technology Bhawan to finalise the shape of the …

The JNU way out

The dons of Jawaharlal Nehru University (JNU) have devised a way to get around cuts imposed by the University Grants Commission's in fund allocations that threaten teaching and research programmes in several of the country's universities and colleges. After six months of negotiations, senior economics professors at JNU struck a …

Cut in research funds

CHINESE science is going the market way. A new policy recommends the withdrawal of state funding for twothirds of the country's research scientists. But scientists protest their work has vital relevance to industry. Researchers fear that the new policy, which may only be a short-term measure to counter recession, will …

Economic goals set for scientists

SCIENTIFIC research in America is under pressure to perform better -- economically. Despite the yield of Nobel prizes, "smart" weapons and electronic consumer goods after the government's $76-billion annual investment in scientific research, the US has been unable to stop countries like Japan from obtaining the commercial gains. Lasers and …

Grossly polluted river streches

River Capacity Existing class Desired class Possible source of pollution Sabarmati i) Ahmedabad city to Sabarmati Ashram ii) Sabarmati Ashram to Vautha E E B D Domestic and industrial waste from Ahmedabad Sutlej i) Downstream Ludhiana to Harike ii) Downstream of Nangal Partly D Partly E E C C Industrial …

Clean up plan seems futile

THE MINISTRY of Environment and Forests has asked the Planning Commission to earmark Rs 250 crore during the eighth five-year plan as the centre's share in the proposed national river action plan (NRAP) -- a programme to clean up polluted stretches of 19 rivers -- in which states will bear …

Glamorous and profitable, too

INDIAN scientists are seeking solutions to such persistent problems as population, disease, hunger and pollution in a new clutch of technologies, collectively called biotechnology, which makes use of living organisms and their components -- genes, cells, proteins and enzymes -- to produce desired products. Research in this field is coordinated …

The unaccounted wealth that leaves our shores

THE FIRST Indian Institute of Technology (IIT) was set up at Kharagpur in 1952. Since then, around 37,000 B Tech graduates have passed out of this and the four other IITs in Kanpur, Delhi, Bombay and Madras. The estimated annual income and expenditure of these five institutions are about Rs …

Dam of defiance

ABOUT 60 km from the historical town of Bijapur is a latter-day human-made wonder - the Chikka- padasalagi barrage. This half-km long dam on the River Krishna is testimony to the collective will and undaunted efforts of the people from 21 villages around the Jamkhandi taluk of Karnataka's Bijapur district. …

Blame bankers not oil for climate impasse

  It's time the green brigade joins the banker-bashing, Occupy Wall Street movement Another climate summit and another potential disappointment facing the green brigade. Even before it officially kick-starts, there is a widespread feeling that the Durban Summit is expected to be another brick in the collapsing climate wall. The reason …

Africa Carbon Forum, Marrakech, Morocco, April 13-15, 2015

The 7th Africa Carbon Forum (ACF) offers a comprehensive programme for project developers and policy makers on the latest investment, finance and development opportunities relating to climate change.

Ministry of Finance and Planning (Sri Lanka)

Ministry of Finance and Planning of Sri Lanka (Government of Sri Lanka) presently operates under His Excellency the President himself as the Minister of Finance. It is in charge of formulation of national economic and financial policies and strategies of the country. Formulation of fiscal policy and macro fiscal policy …

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