THE HINDU BUSINESS LINE
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Tuesday, July 04, 2000

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Macro Economy

Economy
Plan to set up centre to promote clean tech
AN Indian centre for promotion of cleaner technologies will be set up to promote adoption of environmentally friendly technologies in various sectors such as industry, energy, mining, agriculture, tourism, transportation, etc, according to the Union Envi ronment and Forests Minister, Mr. T.R. Baalu.

UN survey upbeat over India's growth
THE United Nations (UN) is optimistic that the post-Asian crisis world economic rebound has a good chance of persisting for some years to come, with the economies of India and China, which have been growing at six or seven per cent in recent years, conti nuing at a similar clip at least through 2001.

CSO's revised GDP estimate presents better picture
THE Central Statistical Organisation (CSO) has revised upwards its estimate of the country's GDP growth for 1999-2000 to 6.4 per cent from its earlier forecast of 5.9 per cent. Thus, the much-talked-about slowdown of the economy during the year has turne d out to be only modest from the GDP growth of 6.8 per cent in 1998-99.

India signs treaties under UNCTAD auspices
IN a flurry of intensive negotiation initiatives undertaken over the past two weeks by the UN Conference on Trade and Development (UNCTAD), a dozen countries including India initialled as many as 22 bilateral investment treaties (BITs), paving the way fo r enhanced foreign direct investment (FDI) flows, particularly between developing and developed countries.


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