The International Monetary Fund (IMF) today revised the growth forecast for India made in April 2010 by about 75 basis points to 9.5 per cent for calendar year 2010. The Fund, however, retained its forecast for 2011 at 8.5 per cent.

Rukmini Shrinivasan TIMES INSIGHT GROUP

On Monday, industry associations were quick to put out figures estimating the loss suffered by India on account of the bandh, figures that were then repeated ad nauseum as talking points by UPA members. A closer look at the numbers, however, shows that they were way off base if not entirely impossible to calculate.

Mumbai Self-Governance : Bill in Assembly soon

The draft of the Maharashtra Special Economic Zones and Designated Areas Act, 2010, proposes that SEZs be made independent entities outside the scope of local bodies like the municipal corporation or council, or the gram panchayat.

Once the legislation goes through, SEZ developers

To generate employment in the State and to encourage investments in financial and social infrastructure, the Government announced the launch of a new Industrial and Investment Promotion Policy while presenting the budget 2009-2010. The broad outlook of the new policy not only focuses on industrial investments but has also aimed at encouraging investment in service sector.

The Economics of Ecosystems and Biodiversity (TEEB) is a global study, initiated by the G8 and five major developing economies and focusing on

The TEEB Report for Business highlights the business case for biodiversity and ecosystems services (BES) by illustrating the importance and immense value of natural services provided to, and affected by, a wide range of industries.

The massive upward revision of India

The Approach Paper to the Eleventh Five-Year Plan (2007-12) has chosen 'faster and more inclusive growth' as its central theme. It recognised the need to make growth 'more inclusive' in terms of benefits of growth flowing to those sections of population, which have been bypassed by high rates of economic growth achieved in recent years.

ADB has upgraded its 2010 growth forecast for the 14 economies of
emerging East Asia to an aggregate 8.1 percent from the 7.7 percent
projected in the former Asian Development Outlook 2010, published in
April.

The potential of mobile telephony to transform Africa will only be achieved if the development of other infrastructure keeps pace, says a study. The number of mobile phone subscribers in Africa soared from 16 million in 2000 to 376 million in 2008, with 60 per cent of the population using them in 2008 compared with 10 per cent in 1999.

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