India’s Growth To Remain Strong At 5.8%: UN Economic Report

India’s growth is likely to remain strong at 5.8 per cent, albeit slightly lower than the estimated 6.4 per cent in 2022, as higher interest rates and a global slowdown weigh on investment and exports, as per United Nations (UN) World Economic Situation and Prospects 2023 report. The report stated the prospects are more challenging for other economies in the region. Bangladesh, Pakistan and Sri Lanka sought financial assistance from the International Monetary Fund (IMF) in 2022.  Talking about Western Asia, the UN report asserted that oil-producing countries have emerged…

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UN Predicts Worsening Economic Outlook In Most Developing Regions

United Nations in its report on the world economic situation and prospects predicted a worsening outlook in most developing regions amid the fear of a possible recession. The report stated that growth in China is projected to moderately improve in 2023 after the weaker-than-expected performance in 2022.  Notably, amid recurring Covid‑19- related lockdowns and prolonged stress in the real estate market, the economy expanded by only 3 per cent in 2022.  With the government abandoning its zero-Covid‑19 policy in late 2022 and easing monetary and fiscal policies, economic growth is…

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Global Economy Likely To Drop To 1.9% In 2023: UN

The United Nations (UN) predicted that global economic growth is likely to drop to 1.9 per cent in 2023 due to the Russia-Ukraine war which has led to the food and energy crisis, in addition to the ongoing impact of the Covid-19 pandemic, perpetual high inflation and the climate emergency. The present global economic slowdown is cutting across both the developed and developing nations with the consequent chances of recession in the current year, as per the UN World Economic Situation and Prospects 2023 report Citing the report, UN Secretary-General…

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India A ‘Bright Spot’ In World Economy Presently & On ‘Strong Footing’: UN Economist

India is a “bright spot” in the world economy presently and is on a “strong footing”. It is predicted to grow at 6.7 per cent next year which is a very high growth rate relative to other G20 member countries, said Hamid Rashid, Chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN-Department of Economic and Social Affairs on Wednesday.  Rashid said that he thinks, presently India is a bright spot in the global economy. He gave the statement while addressing a press conference at the launch…

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UN Secy General Guterres Calls On Taliban To Reverse Ban On Girls’ Education

On the International Day of Education, United Nations Secretary-General Antonio Guterres on Tuesday called on the Taliban in Afghanistan to reverse the ban on girls’ access to secondary and higher education. Calling education a fundamental right, Guterres said that now is the time for all nations to ensure taking actual steps to develop welcoming and inclusive learning environments for all. “Now is also the time to end all discriminatory laws and practices that hinder access to education. I call on the de facto authorities in Afghanistan in particular to reverse…

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Global Food Prices Reached All-time Highs In 2022: UN Food Agency

In December, global food prices dropped for the ninth consecutive month, whereas 2022 saw an increase of more than 14 per cent over 2021, according to the United Nations food agency FAO. The Food and Agriculture Organisation’s (FAO) food price index, which analyses the prices of the most widely traded food items on a worldwide scale, averaged 132.4 points in November after being corrected to 135.00 points. The previous estimate for November was 135.7 points. The FAO predicted that in 2022, rising food import costs will force the world’s poorest…

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International Year of Millets important step for recognising health benefits of millets: MoS Muraleedharan, Health News, ET HealthWorld

New York: The International Year of Millets is an important step for recognising the valuable nutrition and health benefits of millets and the importance of these grains to food security and sustainability, Minister of State for External Affairs V Muraleedharan has said. The year 2023 has been designated as the ‘International Year of Millets‘ after a proposal for it was brought forward by India and endorsed by Members of the UN‘s Food and Agriculture Organization (FAO) Governing Bodies, as well as by the 75th Session of the UN General Assembly.…

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After Putin’s Talk Proposal, Ukraine Pitches For Peace Summit

Ukraine’s foreign minister has said that his country wants a summit to end the war, but he does not expect Russia to participate at a time when both sides are engaged in intense battlefield battles. Ukrainian Foreign Minister Dmytro Kuleba told the Associated Press that his country wants a “peace” summit at the United Nations within two months, with Secretary-General António Guterres acting as a mediator. However, the prospect of any progress toward peace appears remote, with Kuleba’s Russian counterpart Sergey Lavrov threatening Kyiv on Monday with an ultimatum to…

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UN Recognises Indian Government’s Initiative To Restore Ganges River With Special Award

The United Nations has recognized an initiative to rejuvenate India’s sacred Ganges River as one of 10 pioneering efforts to revive the natural world. The UN designated the push, which has so far restored about 15 per cent of the river’s length, as one of its inaugural World Restoration Flagships. These initiatives, which are eligible to receive UN support, funding or technical expertise, showcase how environmental advocates are mending damaged ecosystems across the planet. Human activity has significantly altered three-quarters of the Earth’s land and two-thirds of its marine environment,…

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UN Recognises 10 Pioneering Initiatives That Are Restoring The Natural World

The United Nations has recognized 10 ground-breaking efforts from around the globe for their role in restoring the natural world. The winning initiatives were unveiled at the UN Biodiversity Conference (COP15) in Montreal and a special virtual gala event featuring actors Jason Momoa and Edward Norton, Dr. Jane Goodall, extreme mountaineer Nirmal Purja, singer Ellie Goulding, UK band Bastille, Chinese celebrity Li Bingbing, UNEP Executive Director Inger Andersen, FAO Deputy Director-General Maria Helena Semedo and British economist Sir Partha Dasgupta, among others. The gala was hosted by Indian National Geographic…

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