Economic Development

State of the Climate in Asia 2024

The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …

Countering global economic crisis

A GLOBAL economic slowdown is underway. What began as a problem in a single sector in a single economy

Budget to prop up agriculture sector

The performance of agriculture sector during the year 2007-08, despite its record production of food grains, is still a cause for concern due its low rate of growth (2.6%) affecting the well being of farmers in various parts of the country. This calls for bold measures for bringing about a …

The political economy of Budget

Support for further economic reforms in the context of India's globalisation will be mustered more easily if the deprived sections are assured of some safety net, says M K Venu FINANCE minister P Chidambaram's fifth budget stumped the chattering classes, mostly with incomes of well over Rs 10 lakh a …

Anachronistic budgeting

Is the 2007-08 fiscal deficit 3.1 per cent of GDP, or is it 3.5 per cent

Waiver wont end indebtedness: Bardhan

This was only a one-time waiver and farmers would fall back into debt Left parties would oppose move to increase working hours from 8 to 10 THRISSUR: Communist Party of India (CPI) general secretary A.B. Bardhan said on Saturday that the loan waiver scheme announced by Finance Minister P. Chidambaram …

AIDWA hails focus on agrarian crisis

The All-India Democratic Women's Association (AIDWA) has hailed Union Finance Minister P. Chidambaram's initiative of taking cognisance of the huge agrarian crisis and taking steps to bring relief to farmers, who include a large number of women also. In a statement, Subhashini Ali, president, and Sudha Sundararaman, general secretary of …

ISROs manned space mission gets Rs 125-cr allocation

Indian Space Research Organisation's (ISRO) human space mission proposal has got its first significant budgetary share, Rs 125 crore, while the Department of Space has got 24 per cent raise in outlay for its 2008-09 activities. The space budget of Rs 4,074 crore, compared with Rs 3,290 crore last fiscal, …

Not an election sop: Chidambaram

P. Chidambaram Finance Minister P. Chidambaram on Saturday conceded that the challenge thrown to Opposition members who were dubbing the Rs. 60,000-crore farm loan waiver programme proposed in the Union Budget for 2008-09 as an election sop "to stand up and be counted and not duck the issue' was, in …

Do not rule out 9% growth, says FM

A day after presenting his fifth Budget in the UPA government, Finance Minister P Chidambaram said budgets did not win elections, unless they were properly marketed. In a detailed interview on Saturday, Chidambaram said he still aimed at nine per cent growth for the economy in 2008-09. He also indicated …

Transforming rural livelihoods in India

This report presents an overview of the impact of rural livelihood programmes supported by DFID in the context of the Millennium Development Goals, and explores some of the lessons learned under headings of income generation and rural growth, better management of natural resources, targeting the poorest and marginalised, and local …

Chidambarams bonanza for middle class

Finance Minister P. Chidambaram's wife Nalini, their son Kartik and daughter-in-law at the Parliament House after the presentation of the Union budget on Friday. NEW DELHI: In a politically-crafted budgetary exercise ahead of the general election next year, Union Finance Minister P. Chidambaram on Friday announced a massive Rs.60,000- crore …

Country road to development strengthened

BHARAT NIRMAN: Allocation increased to Rs 31,280 crore against Rs 24,603 crore in 2007-08. Bharat Nirman, the flagship programme of the UPA government for rural infrastructure, with a cost of Rs 1,74,000 crore and a fast approaching deadline of 2009, got an allocation of Rs 31,280 crore this Budget. The …

PC budgets for early elections

Rs 60k-crore farm loan waiver, I-T exemption limit raised. P Chidambaram unveiled a Budget cleverly designed to win him many popularity contests. There were concessions on the income tax, reductions in customs and excise duties, and the mother of all farm loan waivers. While playing to multiple galleries, the finance …

Unemployment as a global economic malady

Unemployment is a common global economic malady, the level of which distintly varies between developed and under developed nations with Keynesian involuntary and frictional type in respect of developed nation and structural type as regard to under developed country like India which contributes to maximum growth of population and insignificant …

India leads developing nations in private sector investment

India has had the most success attracting more private investment in infrastructure in 2006 than any other developing country. Long-standing policies in most other South Asian countries are beginning to bear fruit as well. Nevertheless, delivering the infrastructure services needed to sustain and accelerate growth in South Asia remains a …

Reducing poverty and hunger in Asia: the role of agricultural and rural development

After 30 years of dynamic growth and substantial poverty reduction in Asia, do agriculture and rural development still have a role to play in that region? The policy briefs in this collection provide abundant evidence that they do. Although the incidence of people living in poverty fell from more than …

Natural resource accounting in Goa Phase II: project report

This report contains the "Natural Resource Accounting of Goa State' and the valuation of environment and forest ecosystem of Goa state. In this report basic concepts on environmental accounting and different approaches of valuation are described. More specifically report covers the valuation in the specific sectors viz., air, water, municipal …

Striking a note of caution

India's growth is unlikely to slip below the 9% rate in the next few years, says the finance ministry's Economic Survey, but the downside risks have become stronger this year. Among those risks are the international subprime crisis and a slackening of growth in agriculture and manufacturing within the country. …

Face infrastructure challenges squarely to sustain growth

While pointing out that the overall performance of the infrastructure sector of late has been

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