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World Bank News
World Bank retains India's growth rate for FY19-20 at 7.5 pct
Wed, Jun 05, 2019
India is projected to grow at 7.5 per cent in the next three years supported by robust investment and private consumption, the World Bank has said.
World Bank maintains China's 6.2% growth forecast for 2019
Fri, May 31, 2019
"Additional stimulus should be appropriately funded either directly at the central level or through additional fiscal transfers to the provinces. Higher spending on health, education and social protection could help boost demand and improve the quality of services, if combined with reforms to increase efficiency,"
Some reforms in India show benefits of digitalisation, reduction in frauds: IMF
Wed, Apr 10, 2019
External scrutiny by Supreme Audit Institutions (SAIs), parliaments and civil society helps safeguard the integrity of public finances and hold civil servants and elected officials accountable, the IMF said.
India retained top spot in remittances in 2018: World Bank
Tue, Apr 09, 2019
India has retained its spot as the world`s top remittance recipient with its diaspora sending $79 billion back home in 2018, the World Bank has said in a report.
India's economic growth driven by domestic demand, need to focus on exports: World Bank
Mon, Apr 08, 2019
India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one third of its potential, a World Bank official said, asserting that the next government needs to focus on export-led growth.
World Bank board elects US Treasury's Malpass as next president
Sat, Apr 06, 2019
The World Bank`s executive board unanimously approved David Malpass, the U.S. Treasury Department`s top diplomat, as the bank`s next president, continuing the 73-year tradition of an American leading the development lender.
Trump pick only contender for World Bank President
Fri, Mar 15, 2019
On Thursday, the bank's board of executive directors confirmed that it had received only one nomination and that Malpass, the Treasury's undersecretary for international affairs, will be considered for the position, reports Xinhua news agency.
World Bank to provide USD 250 mn to boost rural income
Tue, Mar 05, 2019
"A key focus of the project will be to promote women-owned and women-led farm and non-farm enterprises across value chains; enable them to build businesses that help them access finance, markets and networks; and generate employment," Wold Bank said in a statement.
Food-borne illnesses cost US$ 15 Billion Per Year in India: World Bank Report
Sat, Mar 02, 2019
This segment of Zee Business brings to you latest tips on how to save yourself from unsafe food and also know how unsafe food impacts your health. Watch the full video to know more.
What can lead to better jobs, higher wages in India? World Bank-ILO report cites this
Thu, Feb 28, 2019
With the right policies, India can ensure that greater export orientation can boost workers' gains from trade and spread them more widely, so benefiting disadvantaged groups, the report said.
Shimla, Greater Shimla alert! Here is a good news
Fri, Feb 15, 2019
"Growing urbanization and heavy tourist load in summer months places huge demands on the water supply infrastructure and sanitation facilities in the city of Shimla," said Sameer Kumar Khare, Additional Secretary in the Ministry of Finance.
India likely to gain $11bn in exports from US-China trade war: UNCTAD
Thu, Feb 14, 2019
As Trump announced a series of tariffs on imports totaling $250 billion from China last year, Beijing retaliated with tariffs on imports worth $110 billion from the US.
India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank
Wed, Jan 09, 2019
In 2018, the Chinese economy is estimated to have grown by 6.5 per cent as against India's 7.3 per cent. In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.
World Bank President Jim Yong Kim resigns three years before end of his term
Tue, Jan 08, 2019
Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term`s expiration at the end of 2021, reports CNN.
India lost 4% of GDP from power distortions in 2016: World Bank
Thu, Dec 20, 2018
India lost a staggering $86.1 billion, equivalent to over 4 per cent of its GDP, owing to distortions in the power sector in 2016, says a World Bank report released on Wednesday.
World Bank praises India's renewable energy success
Tue, Dec 11, 2018
The World Bank on Monday praised India`s success in renewable energy auctions that delivered record-setting low prices for solar power and said that the number of countries with strong policy frameworks for sustainable energy more than tripled -- from 17 to 59 -- in the eight years till 2017.
India expected to receive total remittance of $80 billion in 2018
Sun, Dec 09, 2018
India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank`s Migration and Development Brief, released on Saturday.
Indians send Rs 571000 crore back home, make country top recipient of remittance in 2018
Sat, Dec 08, 2018
India will continue to remain top recipient of remittance in 2018 as its people send as much as US $80 billion (Rs. 571000 crore approx) to their families living in the country as per the latest edition of the World Bank's Migration and Development Brief report released on Saturday.
Pak-India trade much below full potential of $37 billion: World Bank
Thu, Dec 06, 2018
The current level of trade between Pakistan and India is valued at a little over $2 billion, but it could be as high as $37 billion if both neighbours agree to tear down artificial barriers, the World Bank said in a report.
PM Modi sets massive target for India to crash into global top 50 club
Mon, Nov 19, 2018
Prime Minister Narendra Modi Monday set an ambitious target of India breaking into top 50 nations on the World Bank's ease of doing business ranking and said efforts are on to nearly double the size of country's economy to USD 5 trillion.