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 …
Not only is the United Progressive Alliance far from delivering on its National Common Minimum Programme (NCMP) promise of allocating six per cent of the Gross Domestic Product to education but the allocation also dipped in percentage terms in 2007-08 compared to the preceding year. According to the Economic Survey …
Union Finance Minister P. Chidambaram after presenting the Economic Survey 2007-08 in Parliament on Thursday. With the country's economic fundamentals strong and investment climate full of optimism, Finance Minister P. Chidambaram on Thursday exuded confidence on achieving an average GDP growth of nine per cent during the Eleventh Plan period …
The central theme of Economic Survey 2007-08 is maintaining the strong economic growth momentum of the recent period. With the annual GDP growth exceeding 8 per cent since 2003-04, the economy has moved decisively to a higher trajectory. The official forecast of 8.7 per cent for 2007-08 accords with this …
Favours partial sale of profit-making non-navaratna PSUs, and tackling of inflationary impulses Holding out a warning that the current slowdown in the U.S. would have an effect on the Indian economy, the Economic Survey 2007-08 maintained that sustaining a high GDP growth of nine per cent while reining in inflation …
Any Budget can be evaluated on a number of criteria. Here, briefly, is a check-list of benchmarks by which today's pronouncements can be scored. First, from the perspective of the finance ministry's own domain, we need to look at what it does on the fiscal front. Mr Chidambaram has shown …
Govt's annual report doubts ability to eliminate revenue deficit. Calling double-digit growth a tough task, the government today cited foreign capital inflow and inflation as the macroeconomic challenge to high sustained growth in its Economic Survey for 2007-08. "If you wish me to sum up in one phrase the outlook …
Acquisition of land for developing special economic zones (SEZs) is a major cause for concern, says the Economic Survey for 2007-08, which was released yesterday by Finance Minister P Chidambaram. The Finance Ministry presents the Economic Survey in Parliament every year, just before the Union Budget. It is the ministry's …
The West Bengal Power Development Corporation's Bakreswar Thermal Power Project in Birbhum district. WEST BENGAL has emerged as one of the fastest-growing States in India and is the third largest economy in the country. So its growing reputation as a preferred investment destination should come as no surprise. The State …
The fact that the boom in growth has been consumption-induced, services-dominated and credit-fuelled has implications for its sustainability. WITH the release of the quick estimates of national income, which show that gross domestic product (GDP) growth in 2006-07 touched 9.6 per cent, the government can legitimately claim that the recent …
A high-level allotment committee of the Haryana Government on Wednesday cleared allotment of industrial plots to 51 units in various industrial estates developed by The Haryana State Industrial and Infrastructure Development Corporation. The committee is headed by P.K. Chaudhery, Principal Secretary and Financial Commissioner for Industries and Commerce. Mr. Chaudhery …
A bag full of surprises: Madhya Pradesh Finance Minister Raghavji arrives at the Vidhan Sabha in Bhopal to present the State Budget on Wednesday. Finance Minister Raghavji on Wednesday presented in the State Assembly the Madhya Pradesh Budget for 2008-09 with a budgetary deficit of Rs.91.43 crore. The Minister announced …
A 111-year-old law is one of the key options the government could invoke to handle the challenges arising out of the possible denotification of three Special Economic Zones (SEZs) in Goa. Last week, the inter-ministerial Board of Approvals had recommended starting talks with the Goa government on denotifying the three …
Envisages generation of one million direct and indirect opportunities The plethora of subsidies and incentives announced in the new exclusive policy for the micro, small and medium enterprises (MSMEs) sector by the Tamil Nadu government will create a large employment potential. New opportunities will be thrown open for artisans, ITI …
Chief Minister Digambar Kamat has reiterated that the State government does not want any SEZs in Goa including the three already notified ones. The SEZ Board of Approval at the Centre gave a fresh lease of life to the developers by deciding to seek reply from them as to why …
THE burden of financing basic education is directly on the tax payer through the 2% education cess. Indications are that for the next financial year (2008-09), the cess will account for a sizeable portion of the Rs 21,100 crore allocated for Sarva Shiksha Abhiyan and the mid-day meal programme. For …
The article on "Focus on agriculture' (Business Line, February 18) highlighted the need for giving importance to the agricultural sector in the context of its importance to the economy. The article focused on price levels of agricultural commodities in the background of the Government's concern for checking inflation. In this …
The Confederation of Indian Industry (CII)-Rajasthan Council has welcomed the emphasis laid by the 2008-09 State Budget, presented on Monday, on development of infrastructure, saying it would ensure delivery of goods and services of a high standard and meet public aspirations. CII Rajasthan chairman R.K. Poddar said here on Tuesday …
