will soon commission a study on the household and livelihood profile of 422 slums across the city. While it is to effectively implement the schemes funded under the Jawaharlal Nehru National Urban Renewal Mission, the data would also help the civic body assess other welfare measures for those living in slums.The Corporation will float tenders inviting agencies to conduct the survey for gathering the...
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Fourteen people died in a stampede in Karachi on September 13 as they lined up to get free flour. That this took place in the affluent Karachi highlights the worsening economic situation.The Pakistan Finance Ministry’s 2008–2009 Economic Survey shows GDP growth falling from an average of 6 per cent over the past five years to 2 per cent in 2009. This was less than half of the government’s initial target...
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NEW DELHI: A 5 percent stake sale in state-run power producer NTPC could fetch the government Rs 8,100 crore ($1.7 billion), Sunil Mitra, a senior finance ministry official, said on Friday. Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the proceeds, as it seeks to boost revenues and rein in a widening budget deficit. Since August, share...
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5 percent stake sale in state-run power producer NTPC could fetch thegovernment Rs 8,100 crore ($1.7 billion), Sunil Mitra, a senior finance ministryofficial, said on Friday.Lastweek, the government mandated more sales of shares by state firms and changedthe rules on how it can use the proceeds, as it seeks to boost revenues and reinin a widening budgetdeficit.Since August, sharesales in two state...
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Singapore on Thursday declared a severe recession over as data showed its economy grew for the second straight quarter in the three months to September.Official data released Thursday showed gross domestic product (GDP) expanded 14.2 percent in the July-September period on a quarter-on-quarter annualised basis following a 21.7 percent surge in the previous quarter."Effectively, the recession in Singapore...
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5 percent stake sale instate-run power producer NTPC could fetch the government Rs 8,100 crore ($1.7billion), Sunil Mitra, a senior finance ministry official, said on Friday.Last week, the government mandated more sales of shares by statefirms and changed the rules on how it can use the proceeds, as it seeks to boostrevenues and rein in a widening budget deficit.Since August, sharesales in two state...
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The business confidence index has bounced back on improving economic conditions and has in fact surpassed the level prevailed prior to the global financial meltdown, a survey has said."Given the continuing weakness in the global markets, strong business confidence in national economic policies implies that commercial policies will be much more aligned with domestic economic policy directions," the...
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visitEconomic and consumer confidence in the 16 countries that use the euro improved for the seventh straight month in October, as confidence over an economic recovery continues to gather steam.In a monthly survey by the European Commission, the overall Economic Sentiment Indicator for the euro zone rose sharply to a 13-month high of 86.2 from 82.8 in September.The increase in the ESI was stronger...
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credit crunch in the euro zone appears to be easing, a survey of banks by the European Central Bank shows, but only gradually, underscoring the fragility of the region's economic recovery.The survey, released Wednesday, comes after separate ECB data on Tuesday showed a contraction in overall lending in September from the previous year, but some increase from August.The new survey sheds further light...
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Inc today projected thecountry's economic growth in the range of 6-7 per cent forthis fiscal, but slackening global demand remains a majorconcern for the community, industry body CII said."This indicates a strong recovery sentiment for theIndian economy," the Confederation of Indian Industry (CII)said in a survey.Out of 134 respondents participated in the CII NorthernRegion Business Outlook Survey,...
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