Hard climb out of a crisis: India's energy policy needs a new tank of gas

Article Abstract:

India's new centre-left coalition announced an increase in fuel prices by 25-30% and was swiftly condemned. Even members of the governing coalition criticised the action, but Prime Minister H.D. Deve Gowda's government claimed the increase was required to bring the country's energy prices nearer to world levels and cut subsidy costs. It is now likely that the process may have to be repeated, as fuel prices have been pushed up at the very time the country has to increase imports. The country's domestic crude-oil production fell because of technical problems, with fuel consumption rising due to strong economic growth.

PETROLEUM AND COAL PRODUCTS, Energy, Utilities, Prices and rates, Energy policy, Power resources, Fuel, Fuels

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Experts say renewed war in Sri Lanka will slow down economic growth in '95

Article Abstract:

Economic analysts believe that the renewed fighting between the Sri Lankan government and the Tamil rebels will adversely affect the country's economic growth. They predict that Sri Lankan economic growth for 1995 will reach a maximum of 6% during the year, one percent below the earlier projection. Moreover, they expect the Sri Lankan government to increase its defense expenditures to catch up with the expenditures of the Tamils, who used the recent ceasefire to stockpile sophisticated weaponry.

Economic aspects, Political aspects, Sri Lanka, Economic development, Insurgency, Military aspects, National liberation movements, Tamils

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Privatization woes menace India's budget, growth

Article Abstract:

Many analysts believe that India's problematic privatization program will have a negative impact not only on the government budget but on economic growth as well. They state that the loss of the estimated $1.95 billion that would have been generated from the sale of state-run firms would bring on an increase in the nation's budget deficit. Heavy government borrowing to cover for this deficit would in turn crowd out private investment, thus slowing down the economy.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Business Regulation NEC, Evaluation, Economic policy, Commercial law, Privatization, Privatization (Business)

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