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China’s economy to decline to 6.7 per cent this year: World Bank

China’s economic growth will decline to 6.7 per cent this year and further contract to 6.5 per cent next year…

April 11, 2016 18:30 IST

World Bank trims 2016, 2017 East Asia growth forecasts, cites risks to outlook

The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the…

April 11, 2016 09:05 IST

Ease of doing business: Govt weighs making PAN a unique ID for companies

Government is working on a proposal to make PAN a unique identity for business entities with a view to improving…

April 4, 2016 20:35 IST

Remittances to India by Pakistan: Pak sent a whopping $14.36 bn to India!

Remittances to India by Pakistan: India received an estimated $14.36 billion in remittances from Pakistan in last three years, if…

February 28, 2016 13:18 IST

India’s GDP nos dependable; rigging not possible: Kaushik Basu

India’s GDP numbers are very dependable and there is no “rigging” taking place with regards to data, World Bank’s Chief…

February 13, 2016 21:56 IST

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IITian Saroj Kumar Jha appointed to key World Bank position

An Indian has been appointed to a key position in the World Bank with President Jim Young Kim assigning him…

February 2, 2016 11:49 IST

Slowing emerging markets hamper oil recovery: World Bank

The World Bank today warned that slowing emerging-market economies were hampering an oil recovery, and prices could sink further in…

January 26, 2016 23:38 IST

Target not only boosting economy but to transform lives, says Narendra Modi

Prime Minister Narendra Modi today said his government is aiming not only to make India the fastest growing economy but…

Updated: January 22, 2016 20:38 IST

In a global first, World Bank funds a zoo in India

A zoo is nothing but a bank of captive animals. In a novel initiative, the World Bank has embraced a…

January 17, 2016 14:39 IST

World Bank to be anchor investor in Rail Development Fund: Suresh Prabhu

The World Bank would be the anchor investor in the new Railway Development Fund, which would be used to fund…

January 16, 2016 09:24 IST

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Aadhaar card saved Rs 650 crore for the Narendra Modi govt

According to the World Bank, Aadhaar card has saved an estimated Rs 650 crore ($1 bn) annually for the Narendra…

January 15, 2016 21:38 IST

About $1 bn per annum saved by the govt due to Aadhaar ID: World Bank

Hailing India’s Aadhaar digital ID, the World Bank has said the initiative is estimated to be saving the government about…

Updated: January 14, 2016 16:46 IST

Failure to pass GST may affect govt’s ability to ramp up spending: World Bank

The World Bank today warned that failure to pass the Goods and Services Tax (GST) bill by Parliament could hamper…

January 7, 2016 10:20 IST

India to grow at 7.8 per cent this year: World Bank

India is projected to grow by a robust 7.8 per cent this year and 7.9 per cent in the next…

January 7, 2016 10:16 IST

World Bank may revise India’s GDP growth rate forecast: Kaushik Basu

World Bank chief economist Kaushik Basu today indicated that the bank may revise India’s GDP growth rate forecast after it…

December 26, 2015 17:57 IST

IFC, GIC representatives may join bank’s board by fiscal end

Apart from SIDBI, the bank’s public shareholders include, among others, IFC and GIC.

Updated: December 22, 2015 00:57 IST

World Bank approves $1.5bn to support ‘Swachh Bharat’ campaign

As per World Bank statistics, of the 2.4 billion people who lack access to improved sanitation globally, more than 750…

December 16, 2015 21:17 IST

Climate deal reflects seriousness to preserve earth: World Bank

The world bank has welcomed the “historic” agreement reached on climate change draft in Paris, saying the deal reflects aspiration…

December 13, 2015 08:07 IST

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