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 …

Amartya to release M.P. report today

The Madhya Pradesh Government will touch a new milestone when the Nobel laureate, Dr. Amartya Sen, releases the Madhya Pradesh Human Development Report - 1998 (MPHDR-1988) in New Delhi on Tuesday. This is the second sub-national human development report being brought out by the State Government within three years.

Govt to go ahead with changes in Foreign Trade Act

The Union governmetn is going ahead with amendment to the Foreign TRade (Development and Regulation) Act 1992 for incorporating provision of quantitative import restrictions in line with the WTO provisions on safeguards.

CHINA

An ambitious reforestation plan has been unveiled in China. All logging in non-commercial woodlands will be banned soon. State forestry bureau director Wang Zhibao said the plan would focus on reforestation along the Yangtze and Yellow rivers. "Forests will be re-classified into public-interest and commercial zones," he said. Commercial logging …

Dying due to diesel

THE axe may soon fall on the manufacturers of diesel vehicles in India. To curb the growing use of diesel in Delhi, the Environment Pollution (prevention) Control Authority (EPA) for the National Capital Territory of Delhi (NCT) may ban the registration of non-commercial vehicles in the NCT. This decision was …

India's FDI down by $1 billion in '98

In contrast to the crisis-hit East Asian economies such as Thailand and Republic of Korea, which managed to improve their foreign direct investment inflows in 1998, India attracted only $2,258 millions by way of FDI last year which was down from the $3,351 millions the country attracted in 1997. This …

$3.5-b WB, ADB loans in jeopardy

India stands to lose $3.5 billion of loan from the World Bank and the Asian Development Bank this financial year due to economic sanction imposed by G-8 countries in the aftermath of Pokhran nuclear tests.

WTO ruling on QRs will hit India hard

CII : The Confederation of Indian Industry (CII) has expressed concern over the ruling delivered by an appellate body of the Geneva-based World Trade Organisation (WTO), which upheld the final report of the Dispute Settlement Panel (DSP). The panel had rejected India's stand justifying quantitative restrictions (QR) on imports of …

New AP directive puts LPG-vehicle users in a spot

The decision of the Andhra Pradesh Road Transport (RTA) declaring the use of liquefied petroleum gas (LPG)-powered vehicles as illegal and threatening their seizure has put scores of its users in a quandary. The Joint Transport Commissioner and Secretary RTA, Mr C.L.N. Gandhi, had warned car owners against powering their …

British aid for rural access

The British and the Nepalese governments today signed an agreement under which the British Government assured financial assistance worth Rs 130 million. According to a press release issued here by the British Embassy, the amount will be spent for "one year preparatory phase of the Rural Access Programme" which is …

Poverty on the rise again in South Asia

Poverty in South Asia, which had been declining since the 1970s,on the rise again, said a report today by the Islamabad-based Human Development Centre.

Britain unveils plan to fight poverty

The government of Prime Minsiter Tony Blair announced Tuesday its biggest commitment to combating poverty, saying it aimed to lift more than 1 million Britons out of poverty by 2002 and eliminate child poverty in 20 years.

Plan to uplift 45 lakh families promised

An ambitious poverty-eradication programme to help bring 45 lakh families above the poverty line through an autonomous mission is the high point of the Telugu Desam manifesto for the forthcoming elections.

Protectionism by developed nations hurting global integration

Unctad : The UNCTAD today warned growing protectionism of industrialised nations was hindering global integration and said the November WTO ministerial meeting at Seattle should evolve a "positive agenda" for better market access to developing countries.

'Narmada oustees will get justice'

The President today provided the Narmada Bachao Andolan with a shot in the arm, saying he would ensure that no injustice is done to ensure that no injustice is done to the tribals endangered by the Sardar Sarovar Dam Project. Schedule V of the Constitution empowers the President to scrap …

FDI fails to aid growth in developing nations

The latest UNCTAD report on "Trade and Development 1999" has virtually dealt a blow to the argument of the developed world that new inflow of foreign capital, particularly foreign direct investments (FDI), has created unprecedented growth opportunities for developing nations. According to the report, much of the new capital is …

Amartya launches Pratichi Trust

Professor Amartya Sen formally launched the Pratichi Trust today. Set up with his bonel Prize money, the trust will focus on research in areas such as primary education, public health, poverty and gender inequality.

CISCO, UNDP plan to promote social change

CISCO Systems Inc. and the United Nations Development Programme(UNDP) have decided to deploy the Internet technology and a combination of media to promote social change as part of NetAid, to help end the problems of extreme poverty around the world.

Check dams, a boon to water-starved villages

The micro watershed development programmes for sustainability of drinking water by means of recharging groundwater through artificial recharge structures, are giving encouraging results. the department of Mines and Geology is heartened by the outcome and the data obtained at two experimental micro watershed programmes conducted by it -one at Majjige …

Team to study biodiversity of microbes in Antarctica

A study to assess the biodiversity of microbes in the Antarctic region and another on the thermo-regulatory effect of climatic variables on human subjects in Antrarctica are to be initiated by the 17th Indian scientific expedition to the icy continent, which left Goa on Monday.

DDA umbrage over WB's report

The World Bank's report labelling the Delhi Development Authority as one of the most corrupt organisation in the country seems to have stirred an hornet's nest. A union of DDA has even threatened to go on "indefinite strike", unless the World Bank expunges the remarks of senior bureaucrat, Mr K …

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