world bank

India asks World Bank to increase development fund to $100 bn

India today asked the World Bank to increase its developmental fund to USD 100 billion a year from the existing USD 50-60 billion and called for enhancing...

World Bank, Jim Yong Kim, global economy, tax evasion, Panama Papers

India has created favourable investment climate: Arun Jaitley to World Bank

India has created a favourable investment climate in all sectors which has resulted in a hefty increase in FDI in the last two years...

India world’s largest remittance recipient in 2015: World Bank

India retained its top spot in 2015, attracting about USD 69 billion in remittances, down from USD 70 billion in 2014, the World Bank said

world bank

India’s robust growth to hasten South Asia’s development: World Bank

Given its weight in the region, India sets the pace for South Asia as a whole, the World Bank said in its latest twice-a-year South Asia Economic Focus report.

indian economy

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 owing to deceleration in real estate and manufacturing sectors in the world's second-largest economy, the World Ban

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 outlook was clouded by risks such as uncertainty...

Indian economy

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 ease of doing business and ensuring a company is incorporated in a day using an integrated e-biz portal.

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 World Bank's 'analytical estimates' are to be believed. Interestingly, World Bank itself says t

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 Economist Kaushik Basu said today.

kaushik basu world bank

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 a role to provide strategic leadership to address the challenge of fragility, conflict and violence.

climate change, climate change summit, climate deal, world bank, world bank on climate deal, earth, save earth, climate deal save earth

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 a blow to a "fragile" global economy.

world bank

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 to transform the lives of the poor people wherein the youth will have employment and stand on their own f

narendra modi

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 zoo for its eco-development.

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 modernisation of Indian railways, Union Minister Suresh Prabhu has said.

indian railways, railway budget

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 USD 1 billion annually by curbing corruption as it underlined that digital technologies can promote inc

aadhar card

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 the Indian government's ability to ramp up spending on infrastructure.

GST Bill

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 two years, the World Bank forecast today citing strong investor sentiment and the positive effect on real incomes of the recent fall i

world bank

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 goes for stock-taking in a few months.

world bank chief economist kaushik basu

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.

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 million live in India, with 80 per cent living in rural areas.

climate change, climate change summit, climate deal, world bank, world bank on climate deal, earth, save earth, climate deal save earth

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 and seriousness to preserve the planet for future generations.

climate change, climate change summit, climate deal, world bank, world bank on climate deal, earth, save earth, climate deal save earth

Emerging markets, except India, facing 5th year of slow growth: World Bank

Emerging markets, with the exception of India, are facing their fifth consecutive year of slow growth and a possibly longer period of sluggish performance than previously thought, the World Bank has said.

world bank

India set to oppose World Bank’s new conditions for project loans

World Bank’s proposed ESS framework envisages new standards, mainly in respect of labour and working conditions, while making many environmental safeguards 'more stringent'.

climate change, climate change summit, climate deal, world bank, world bank on climate deal, earth, save earth, climate deal save earth

Ranking should have been significantly higher in World Bank index: FM Arun Jaitley

Not fully satisfied with 12 position jump in India's ranking on ease of doing business index, Finance Minister Arun Jaitley today said the World Bank has not factored in all the steps taken by the government to improve busine

arun jaitley

USIBC lauds India’s rise in World Bank’s ease of doing business index

The U.S.-India Business Council (USIBC) has applauded the Government of India's efforts for undertaking significant efforts, resulting in improvements in India's ranking on the World Bank's "Ease of Doing Business" index.

India Inc reacts to World Bank ‘Doing Business’ ranking: Top 8 key takeaways

According to World Bank 'Doing Business' report, India now ranks 130 out of 189 countries in the ease of doing business, moving up 12 places from last year. Here are 10 key takeaways in terms of reactions from India Inc:

How India can be in World Bank’s top 100 list on doing business: Top 7 points to know

World Bank chief economist Kaushik Basu says India can be in the top 100 countries in 'Doing Business' list, however, PM Narendra Modi's government must deliver tangible results on the ground. Check out top 7 points that will

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