Budget pleases Indian market Himalayan News ServiceNew Delhi, March 1:That India is one of the fastest growing economies in the world was underlined yet again when finance minister P Chidambaram presented his annual budget for the financial year beginning from April 1 in... 01 Mar, 2005
India unveils common man’s budget Agence France PresseNew Delhi, February 28:India’s Communist-backed coalition government announced a budget today aimed at helping the poor, saying it wanted to ensure the nation’s new prosperity brought ‘the greatest good to the greatest... 28 Feb, 2005
IN OTHER WORDS In the long run:Recently, an alliance dedicated to vaccines for children in poor countries has received two staggering pledges: $750 million from the Bill and Melinda Gates Foundation, and $1.8 billion from Britain. The Gates Foundation’s money will... 27 Feb, 2005
India likely to hike defence budget Agence France PresseNew Delhi, February 27:India is expected to sharply hike its defence spending in tomorrow’s budget, despite peace talks with rival Pakistan, as it goes on a shopping spree for new military hardware to update its ageing arsenal,... 27 Feb, 2005
Growth needs focus on agriculture Himalayan News ServiceKathmandu, February 24:Economists at a book launching ceremony entitled ‘Economic Dualism and Development in Nepal: A perspective” written by Dr Badri P Shrestha, ex-finance minister, today have stressed on the need for... 24 Feb, 2005
BIZ BRIEFS Resume work, say workers:KATHMANDU: Labourers and employees of the Udayapur Cement Factory Ltd have appealed to all the concerned authorities to take initiatives for resuming the operations of the cement factory. They have stated that the closure of... 24 Feb, 2005
US TRADE Bill 2005 And the future of Nepal’s garment industry Prashant Pokhrel:The garment industry would not have existed in Nepal had there been no Multi-fibre Arrangement (MFA). The existence of quota system under MFA and spillover business from India and some other countries were the only factors that led to... 21 Feb, 2005
CACCI meet concludes Himalayan News ServiceKathmandu, February 20:The meeting of Confederation of Asia Pacific Chamber of Commerce and Industry (CACCI) ended in New Delhi today. The meet discussed on enhancing ‘productivity’ in Asia Pacific nations by enhancing their... 21 Feb, 2005
NRB predicts 4pc growth Himalayan News Service Kathmandu, February 18: Nepal Rastra Bank (NRB), the central bank of the country, has predicted that the growth rate of gross domestic product (GDP) in the fiscal year 2004-05 would remain at four per cent, which is a fall by 0.5... 18 Feb, 2005
US deficit challenges free trade Emad Mekay: The US trade deficit swelled last year to a record high of $617 billion, a nearly 25 per cent increase over 2003, prompting some analysts to blame the administration’s aggressive free trade agenda.Numbers released by the Commerce... 14 Feb, 2005
TOPICS : British ‘Marshall Plan’ faces US scepticism Mark Rice-Oxley: Britain’s lofty ambition to turn 2005 into a breakthrough year for tackling global poverty has cleared the first hurdle, but development experts are unsure if it will prove a turning point.Last weekend’s agreement in principle by... 13 Feb, 2005
IN OTHER WORDS Increase aid:It is so easy to sit back in our comfortable lives and nitpick to death the UN’ action plan to eradicate poverty and hunger. Indeed, no sooner had the long-awaited report, bearing the stamp of the Columbia University economist Jeffrey... 08 Feb, 2005
