Full Coverage: Economy

29.11.2005 The 2005 Human Development Report paints a bleak picture of the progress made toward those aims six years into the campaign. Among the highlights: The report says the goals for poverty, universal education and child mortality will all be missed in 10 years if current trends continue.

24.11.2005 MALE: President Maumoon Abdul Gayoom has announced plans to launch a major programme to create more job opportunities across the nation, and to lease further islands for the development of tourist resorts.

24.11.2005 MALE: President Maumoon Abdul Gayoom has announced plans to launch a major programme to create more job opportunities across the nation, and to lease further islands for the development of tourist resorts. He made the statement in his address to the nation at the Official Meeting to mark Republic Day 2005, which was held on Sunday night at Dharubaaruge.
Elaborating on the proposed programme to create more jobs, the President said that, under the programme, the government would provide special incentives to those who launch commercial activities in major development centres outside of the capital, Male. He added that the programme would focus on creating more jobs outside the capital, and to provide greater opportunities for people to secure employment closer to their residing islands.
Speaking on a raft of measures that the government was planning to introduce to revive the economy, which had slowed down considerably after the December 2004 tsunami, the President announced that further islands would be leased out for the development of tourist resorts.
Highlighting that tourism was the main income-generator in the country, the President said that government attached a very high priority to ensure that a greater percentage of the population benefited from the industry.
The President said that, among the other proposed plans for economic revival, was the introduction of a policy of expanding small and medium business in the country.
He added that a nationwide policy would be formulated, give that it was an important prerequisite of sustainable development.
Further, he said that a number of other measures were also being discussed and formulated to ensure that the national economy recovered as soon as possible.


Source:South Asia Media Net

24.11.2005 The Punjab farmers continue to do their bit even now to ensure the countryÂ’s self-sufficiency in food. But not many of us realize that the same farmers, who produce enough food for us, are grossly indebted, suffering from multiple incurable diseases and staring at the severe problem of unemployment of wards and dependents. We need to remedy this situation very fast, through some honest and credible action. It is only then that we can say the country is getting empowered.

23.11.2005 SAN FRANCISCO, Nov 23 (OneWorld) - A budget-cutting bill that passed the U.S. House of Representatives last week has left countless groups--especially those advocating on behalf of the poor and the environment--devastated by what they say is irresponsible favoritism of rich individuals and corporations.

23.11.2005 The strength of the chain lies in its weakest link. The face of the poorest is an indicator of the health of the economy of a nation. In a democracy, conducive conditions of peopleÂ’s participation in all economic activities, as stake-holders and recipients of fruits of their participation, should be created.

23.11.2005 The strength of the chain lies in its weakest link. The face of the poorest is an indicator of the health of the economy of a nation. In a democracy, conducive conditions of peopleÂ’s participation in all economic activities, as stake-holders and recipients of fruits of their participation, should be created.

18.11.2005 With restless populations searching for better government and fairer societies, the political elites and the status quo in Bolivia, Peru, and Ecuador could be challenged during the 2005-2006 election season.

18.11.2005 NEW YORK, Nov 17 (OneWorld) - Despite considerable opposition from lawmakers, including some within his Republican party, President George W. Bush seems determined to push ahead with plans to introduce further cuts in taxes for the rich, continuing to assert that it would create more jobs for the poor.

17.11.2005 Guinea Fowls are more suitable micro business opportunity for the small and marginal farmers. This is also very good economic activity as it is suited to the backyard poultry. They attain maturity in seven months and lay between 80-150 eggs a year, each egg weighs about 40 grams. Being robust by nature, they can thrive well and are very good for drought prone areas economy.

16.11.2005 Palestinian officials are satisfied that, if implemented in good faith, Tuesday's agreement with Israel will "open up Gaza to the wider world" and could jumpstart Palestinian economic recovery, reports the Arabic Media Information Network.

14.11.2005 The 13th Summit of the seven-member regional forum, South Asian Association of Regional Cooperation (SAARC), ended here on Sunday, with the leaders agreeing to realise the vision of the South Asian Economic Union in a phased and planned manner.In the Declaration, the seven Heads of State and Government decided to establish a SAARC Poverty Alleviation Fund (SPAF) with contributions both voluntary and assessed

11.11.2005 Every Indian is looking at Bihar with a hope that it will have a stable government and will work in a de-politicised manner, which is requirement of the hour to change the image of Bihar. Today the word ‘Bihar’ conjures an image of poverty, backwardness, violence and failed governance, weak infrastructure, low literacy rates and a large population. A recent article is trying to dig the reality out. Click here to view the article

09.11.2005 Nearly every country in the world joined to urge the United States to lift its four decades old economic embargo against Cuba in a record UN General Assembly vote.

07.11.2005 Just 8% of U.S. farms--the largest industrial farming operations--receive the vast majority of government subsidies each year, while family farmers in the U.S. and abroad are driven into poverty. When the senate needed to cut the agricultural budget, though, it chose to slash conservation programs instead of capping subsidies at $250,000 a year, says Oxfam.