Page 8 of world bank

The GDP growth compares to an 8.7 per cent expansion in the previous 2021-22 fiscal.

World Bank cuts India’s economic growth forecast to 7.5 pc for FY23

S&P Global Ratings too had cut India’s growth projection for 2022-23 to 7.3 per cent, from 7.8 per cent earlier,…

June 7, 2022 19:27 IST

The Russian invasion of Ukraine had magnified the slowdown in the global economy, which was now entering what could become "a protracted period of feeble growth and elevated inflation," the World Bank said in its Global Economic Prospects report.

World Bank slashes global growth forecast to 2.9%, warns of ‘stagflation’ risk

Between 2021 and 2024, the pace of global growth is projected to slow by 2.7 percentage points, Malpass said, more…

June 7, 2022 19:07 IST

The inequality conundrum: Universal basic income to have huge fiscal cost; tax on top 1% a more effective tool

The World Inequality Report said in last December that the top 10% of the Indian population had 57% of the…

May 20, 2022 03:45 IST

“The risks to our forecasts have picked up since our last forecast round and remain firmly on the downside. The Russia-Ukraine conflict is more likely to drag on and escalate than end earlier and deescalate, in our view, pushing the risks to the downside,” S&P said in its Global Macro Update to Growth Forecasts.

S&P lowers India growth projection to 7.3% for FY23

In December 2021, S&P had pegged India’s GDP growth for FY23 at 7.8%. For the next fiscal, the growth has…

May 19, 2022 00:30 IST

World Bank President David Malpass welcomes India’s move of selling oil from its stockpiles

Speaking on the sidelines of the annual Spring meeting of the IMF and the World Bank held here, Malpass told…

April 21, 2022 12:00 IST

Pakistan, World Bank, Pakistan poverty, Pakistan Development Update, world bank on Pakistan

34 per cent of Pakistan’s population lives on just Rs 588 a day income, says World Bank

The report pointed out that Pakistan’s key indicators were further deteriorating in the current fiscal year, seeking urgent measures to…

April 20, 2022 16:19 IST

India headed for robust economic growth, says FM Sitharaman

In her first public appearance before the Atlantic Council think-tank, the finance minister told a select group of Washington audience…

April 19, 2022 19:18 IST

Wall Street up, Treasuries surge as investors eye earnings, global growth

Stocks were up in early trading, with the Dow Jones Industrial Average rising 0.22%, the S&P 500 climbing 0.25% and…

April 18, 2022 20:34 IST

FM Sitharaman leaves for US to attend World Bank, IMF meetings

During the official visit to the US, Sitharaman will take part in bilateral meetings with several countries, including Indonesia, South…

April 17, 2022 21:06 IST

Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society.

Govt in discussion with World Bank for collaboration on coal mine closure framework

Vast experience of the World Bank in handling mine closure cases in different countries will be highly beneficial and facilitate…

April 13, 2022 17:23 IST

Cabinet approves Rs 6,000-crore RAMP programme for over 5 lakh Covid-hit MSMEs

Credit and Finance for MSMEs: The programme was announced back in 2020 by the government and the World Bank to…

March 30, 2022 15:10 IST

Prime Venture Partners closes 4th fund at $120 million

The fund was oversubscribed and has exceeded its target of $100 million in commitments.

February 25, 2022 06:00 IST

World Bank retains India’s economic growth forecast at 8.3 pc for 2021-22

Global growth is expected to decelerate markedly from 5.5 per cent in 2021 to 4.1 per cent in 2022 and…

January 12, 2022 17:07 IST

Modi’s PLI scheme to help Indian economy beat China; India to grow faster than emerging markets: World Bank

The World Bank said it has upgraded its expectations for India’s growth to 8.7% in FY 2022-23 “to reflect an…

January 12, 2022 14:44 IST

Learning losses from Covid-induced school closures could impoverish a whole generation: World Bank

It also noted that while nearly every country in the world offered remote learning opportunities for students, the quality and…

December 12, 2021 17:02 IST

Future of post COVID pandemic world: Investment in infrastructure, new technology will be game-changer

The world is assured to see a reset as the unprecedented public health crisis and operational disruptions caused by Covid-19…

August 19, 2021 16:48 IST

Faceless Assessment under Customs Law: Brings in transparency, less human intervention; objectives, challenges

The Central Board of Indirect Taxes and Customs (CBIC) initiated and implemented several reform measures in the recent past focusing…

July 3, 2021 10:42 IST

GST, goods and services tax, tax, world bank

No backdate entries, recovery cases, more return filing, others help tax officers to up GST collection

Every taxpayer in India spends a good deal of time and money in undertaking tax compliance and procedures, still the…

April 10, 2021 17:02 IST

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Who was Sarah Beckstrom? Trump says US National Guard member has died

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