Category : Economy

The goals and targets proposed in the report resemble the existing MDGs, including their sequencing, with the poverty goal coming first. The next few goals address gender, education, and health. More than 220 proposals have been advanced for a global development framework to succeed the Millennium Development Goals (MDGs), which come to an end in 2015. Yet...

It sets out 12 universal goals, along with 54 associated targets aiming to translate the ambition of the goals into practical outcomes and development results. On May 30, the long awaited High Level Panel report came out. The discussions around the post-2015 development agenda – and the work of the High Level Panel of Eminent (HLPEP) persons –...

The axe could fall in the next 12 months with a BBB rating, BBB is the lowest investment grade and a downgrade will take India’s sovereign rating to speculative or junk status. 14th August 2013 Standard and Poor’s said India’s sovereign rating faces a one in three chance to be downgraded to the junk statusover...

Kevyn Orr, a turnaround specialist, spent recent months in nerve wracking but unsuccessful negotiations with creditors to settle for a fraction of what they owe and persuading municipal unions to accept cuts in benefits. 7th August 2013 Detroit, the once thriving mid west metropolis that gave birth to the nation’s auto industry, is now the...

The goal is to limit Chinese competition against European manufacturers such as Solarworld AG, without resorting to anti-dumping duties opposed by U.K. and Germany. 6th August 2013 Import tariffs on Chinese solar panels will be removed in three days as the European Commission approved European Trade Commissioner Karel De Guct’s plan for curbs on solar...

The Markit eurozone purchasing managers index (PMI), which measures business output was 50.4 in July. July’s figure was up from 48.7 in June and marks an 18 month high. 1st August 2013 The Eurozone which is battling economic recession may finally see a light at the end of a very long tunnel, the euro zone...

Although the past decade of rapid economic growth has brought many benefits to India, the environment has suffered, exposing the population serious air and water pollution. 31st July,2013 Background and Context Over the last decade, India’s strong growth has increased employment opportunities and allowed millions to emerge from poverty. India’s remarkable growth record, however, has been clouded...

The American Council for an Energy Efficient Economy (ACEEE) found implementation of the bill would save about 9.5 quadrillion btus (british thermal units) between 2014 and 2030, or nearly one tenth of the annual energy use in the U.S. 31st July 2013 While many in Washington still warn about the dangers of carbon emissions and...

With bold and coherent action, Bulgaria already benefit from climate action today. 31st July ,2013 Bulgaria has substantial green growth potential and it depends upon bold and systematic actions to tap into this potential in areas like agriculture, energy efficiency, and green manufacturing, according to Markus Repnik, World Bank Country Manager for Bulgaria, Czech Republic,...