Latest news with #UNDESA
The Sun
14 hours ago
- Politics
- The Sun
Fadillah arrives in Samarkand for UN Public Service Forum
SAMARKAND: Deputy Prime Minister Datuk Seri Fadillah Yusof arrived today at the Samarkand High-Speed Train Station in Uzbekistan, ahead of his participation in the United Nations Public Service Forum 2025, scheduled for Monday. Fadillah, who also serves as Minister of Energy Transition and Water Transformation, was received upon arrival by Uzbekistan's Deputy Minister of Energy, Umid Mamadaminov, and Deputy Governor of the Samarkand Region, Rustam Kobilov. He is scheduled to deliver a keynote address at the forum to share Malaysia's experience in transforming its public service delivery system. Hosted by the UN Department of Economic and Social Affairs (UN DESA) and the Government of Uzbekistan, the forum will take place from June 23 to 25. The forum emphasises the pressing need to accelerate progress in public administration and service delivery to achieve the Sustainable Development Goals (SDGs).
The Sun
15 hours ago
- Politics
- The Sun
DPM Fadillah arrives in Samarkand for UN Public Service Forum
SAMARKAND: Deputy Prime Minister Datuk Seri Fadillah Yusof arrived today at the Samarkand High-Speed Train Station in Uzbekistan, ahead of his participation in the United Nations Public Service Forum 2025, scheduled for Monday. Fadillah, who also serves as Minister of Energy Transition and Water Transformation, was received upon arrival by Uzbekistan's Deputy Minister of Energy, Umid Mamadaminov, and Deputy Governor of the Samarkand Region, Rustam Kobilov. He is scheduled to deliver a keynote address at the forum to share Malaysia's experience in transforming its public service delivery system. Hosted by the UN Department of Economic and Social Affairs (UN DESA) and the Government of Uzbekistan, the forum will take place from June 23 to 25. The forum emphasises the pressing need to accelerate progress in public administration and service delivery to achieve the Sustainable Development Goals (SDGs).
Economic Times
16-05-2025
- Business
- Economic Times
UN cuts India's 2025 growth outlook to 6.3% from 6.6%
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The United Nations Department of Economic and Social Affairs (UNDESA) has downgraded India's growth forecast for 2025 to 6.3%, from 6.6% projected earlier, attributing it to trade tensions and policy the downgrade, India will remain one of the world's fastest-growing large economies, supported by strong domestic consumption and government spending, according to UNDESA's 'World Economic Situation and Prospects 2025 mid-year update'. "Resilient private consumption and strong public investment, alongside robust services exports, will support economic growth," it ahead to 2026, UNDESA forecast India's gross domestic product (GDP) growth to recover a tad to 6.4%. Optimism in financial markets, solid gains in stock indices, pick up in manufacturing activity, and increase in exports show that "India's economy is not only holding firm but also making headway in an uncertain global environment", the government said on sector's share in India's economic growth remained steady in the last decade, moving to 17.3% in FY24 from 17.2% in FY14. "This steady growth highlights the sector's increasing role in India's economic landscape," the government April 2, the US imposed a reciprocal tariff of 26% on imports from India. Key sectors such as pharmaceuticals, electronics, semiconductors, and energy were exempted from the duty. President Donald Trump later announced a 90-day pause on the tariff implementation until July 9, although a baseline tariff of 10% remains in the exemptions may soften the economic impact on India, the report noted that these may not be India's exports increased to $824.9 billion in FY25, an increase of 6.01% from $778.1 billion in FY24."Exports, especially in strategic areas like defence production, are expanding steadily," said the government on exports surged to ₹23,622 crore in FY25 from ₹686 crore in FY14. "The tariff shock risks hitting vulnerable developing countries hard, slowing growth, slashing export revenues, and compounding debt challenges, especially as these economies are already struggling to make the investments needed for long-term, sustainable development," said Li Junhua, United Nations Under-Secretary-General for Economic and Social growth in the US will decelerate to 1.6% in 2025 from 2.8% in 2024- below the previous forecast of 1.9%--as higher tariffs and policy uncertainty are expected to dampen private investment and consumption, as per the growth is also expected to slow to 4.6% from an earlier estimate of 4.8%, due to weaker consumer sentiment, disruptions in export-focused manufacturing and ongoing issues in the property sector, it GDP growth is anticipated to fall to 2.4% in 2025 from 2.8%."Slower global growth, elevated inflationary pressures and weakening global trade including a projected halving of trade growth jeopardise progress toward the Sustainable Development Goals," said UNDESA.
Time of India
16-05-2025
- Business
- Time of India
UN cuts India's 2025 growth outlook to 6.3% from 6.6%
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The United Nations Department of Economic and Social Affairs (UNDESA) has downgraded India's growth forecast for 2025 to 6.3%, from 6.6% projected earlier, attributing it to trade tensions and policy the downgrade, India will remain one of the world's fastest-growing large economies, supported by strong domestic consumption and government spending, according to UNDESA's 'World Economic Situation and Prospects 2025 mid-year update'. "Resilient private consumption and strong public investment, alongside robust services exports, will support economic growth," it ahead to 2026, UNDESA forecast India's gross domestic product (GDP) growth to recover a tad to 6.4%. Optimism in financial markets, solid gains in stock indices, pick up in manufacturing activity, and increase in exports show that "India's economy is not only holding firm but also making headway in an uncertain global environment", the government said on sector's share in India's economic growth remained steady in the last decade, moving to 17.3% in FY24 from 17.2% in FY14. "This steady growth highlights the sector's increasing role in India's economic landscape," the government April 2, the US imposed a reciprocal tariff of 26% on imports from India. Key sectors such as pharmaceuticals, electronics, semiconductors, and energy were exempted from the duty. President Donald Trump later announced a 90-day pause on the tariff implementation until July 9, although a baseline tariff of 10% remains in the exemptions may soften the economic impact on India, the report noted that these may not be India's exports increased to $824.9 billion in FY25, an increase of 6.01% from $778.1 billion in FY24."Exports, especially in strategic areas like defence production, are expanding steadily," said the government on exports surged to ₹23,622 crore in FY25 from ₹686 crore in FY14. "The tariff shock risks hitting vulnerable developing countries hard, slowing growth, slashing export revenues, and compounding debt challenges, especially as these economies are already struggling to make the investments needed for long-term, sustainable development," said Li Junhua, United Nations Under-Secretary-General for Economic and Social growth in the US will decelerate to 1.6% in 2025 from 2.8% in 2024- below the previous forecast of 1.9%--as higher tariffs and policy uncertainty are expected to dampen private investment and consumption, as per the growth is also expected to slow to 4.6% from an earlier estimate of 4.8%, due to weaker consumer sentiment, disruptions in export-focused manufacturing and ongoing issues in the property sector, it GDP growth is anticipated to fall to 2.4% in 2025 from 2.8%."Slower global growth, elevated inflationary pressures and weakening global trade including a projected halving of trade growth jeopardise progress toward the Sustainable Development Goals," said UNDESA.
Zawya
09-05-2025
- Business
- Zawya
Strategic Partnership between the UAE and the United Nations (UNDESA) to advance regional digital integration
New York, In line with efforts to strengthen international cooperation and accelerate digital transformation, a milestone event in regional digital collaboration and sustainable development was held at the United Nations headquarters in New York, on the sidelines of the Science, Technology and Innovation for the Sustainable Development Goals Forum. A new partnership agreement was signed between the Government of the United Arab Emirates, represented by H.E. Eng. Majed Sultan Al Mesmar, Director General of the Telecommunications and Digital Government Regulatory Authority (TDRA), and the United Nations Department of Economic and Social Affairs (UNDESA). This partnership represents a practical model for implementing the principles of the Global Digital Compact in support of inclusive digital development. During the meeting, participants discussed implementation mechanisms for the agreement and capacity-building efforts, with a focus on leveraging global best practices and the UAE's successful digital government experience as a framework to achieve regional digital integration. The discussions also emphasized the importance of this partnership in supporting digital transformation efforts across the Arab region, rooted in the principles of the Global Digital Compact, while aligning with local needs and the Sustainable Development Goals. This new collaboration further promotes regional dialogue, knowledge exchange, and forward-looking policy development, in line with the vision of the Global Digital Compact. The UAE's experience continues to serve as an inspiring regional model in this vital field. About TDRA: The Telecommunications and Digital Government Regulatory Authority (TDRA) is responsible for regulating and developing the telecommunications and information technology sector in the United Arab Emirates, while also driving digital transformation at the national level. TDRA works to provide an advanced regulatory environment that supports innovation, stimulates investment, and ensures the delivery of cutting-edge and sustainable telecommunications services. The authority plays a pivotal role in leading the digital transformation journey by developing digital infrastructure, empowering the telecommunications sector, and enhancing the ecosystem of digital government services. TDRA is committed to improving the quality and continuity of digital services by establishing legislative and regulatory frameworks that foster innovation and strengthen the country's readiness to keep pace with rapid digital advancements. Its responsibilities include regulating the telecommunications sector to ensure competitiveness, protecting consumer rights, and maintaining a balance between service providers. Additionally, TDRA leads the national digital government strategy, manages the radio frequency spectrum, and regulates the use of wireless frequencies to support various sectors, including telecommunications and smart services. With a visionary approach, TDRA aims to position the UAE as a global hub for digital innovation and enhance its readiness for the digital future, in alignment with the UAE Artificial Intelligence Strategy 2031 and the UAE Centennial 2071 Agenda.
